Veterinary Anesthesia Equipment Market Size, Share, Opportunities, And Trends By Product (On-Troller, Wall Mounted, Table Tope), By Animals (Companion, Livestock), And By Geography - Forecasts From 2023 To 2028
- Published : Dec 2023
- Report Code : KSI061615714
- Pages : 152
The veterinary anesthesia equipment market is estimated to grow at a CAGR of 6.73% during the forecast period.
Animals cannot cooperate with some diagnostic or treatments hence anesthesia is given to them in a wider range of situations. The growing animal population coupled with rising health problems such as orthopaedic issues and oral problems are major growth factors driving the veterinary anaesthesia equipment market growth. Moreover, the increased awareness among animal owners and rising adoption of companion animals, new product launches by market players, and improvements in the animal healthcare system have provided a positive market scope.
Market Drivers:
- Growing prevalence of animal orthopaedic issues.
The growing prevalence of animal orthopaedic issues indicates the need for anesthesia in convenient treatment thereby propelling the veterinary anesthesia equipment market growth. Thoracic injuries, such as haemorrhage, pneumothorax, diaphragmatic hernia, and rib fractures may require treatment before orthopaedic procedures. According to the AAHA Organization, around 20% of dogs suffer from joint pain and mobility issues and more than 40-92%% of cats are prone to osteoarthritis with hip dysplasia being more common in bulldogs, pugs, and rottweiler. The adverse effects of osteoarthritis can be chondrocyte death, disability, bony remodelling, and loss of articular cartilage. The higher prevalence rate along with the adverse effects is contemplated to bolster the veterinary anesthesia market.
- Rising oral problems in animals
A pet's total health, including oral health, is essential because dental issues can either cause or be caused by other health issues. Dental procedures can be carried out on pets while they're under anaesthesia, causing them less anxiety and discomfort. Furthermore, since the pet is not moving around and runs the risk of being hurt by dental tools, cleaning is improved with anaesthesia. According to a survey of Finnish owners of purebred cats by the National Library of Medicine in 2021, dental and oral disorders are the most common type of illness for cats (prevalence: 28%), and dental calculus and gingivitis are the most common clinical symptoms across all cat breeds. The higher prevalence rate of oral problems is expected to boost the veterinary anesthesia equipment market.
- Increased adoption of companion animals
The increasing adoption of companion animals with a better sense of ownership and awareness about animal health is contemplated to aid the veterinary anesthesia equipment industry's growth. For instance, around 86.9 million households in the US own companion animals, and there are currently fewer dogs and cats entering shelters due to the increased adoption as per the World Animal Foundation. Moreover, In the US, between 3.5 and 4.1 million dogs and cats are adopted every year, according to the ASPCA and Humane Society. Such increased interest in the adoption of companion animals is positively impacting the veterinary anesthesia industry's growth.
- North America is expected to show significant growth.
North American region is expected to hold a significant share of the veterinary anaesthesia equipment market during the forecast period. Various factors attributed to such a share are increasing adoption of companion health with an improved sense of responsibility and rising expenditure on animal health. According to the Animal Health Institute, pharmaceuticals make up more than half of revenues in the US animal healthcare market, flea and tick treatments make up approximately 29% of the sector, and biologics make up just over 19%. Moreover, the presence of major market players such as Kent Scientific Corporation and Midmark Corporation further boosts the veterinary anesthesia equipment market expansion in the region.
Veterinary Anesthesia Market Players
- Kent Scientific Corporation is a US-based medical equipment supplier company for animal research and anaesthesia systems. The company offers High-Flow Vaporizer anesthesia for large animals, and Somno Low-Flow Vaporizers for small animals such as mice, and rats.
- Midmark Corporation is one of the leading companies in healthcare products, and diagnostic software for medical, veterinary, and dental products. Midmark VMS® Plus, Midmark VMS®, Midmark VME2®, and Midmark VMS® Wall Mount are some of the anaesthesia machines offered by the company for animal health.
Key Market Developments
- In June 2022: Suzhou Lexison MediTech Co. Ltd launched its new veterinary anesthesia machine “PRAT-E30V”. The product’s anesthesiologist-oriented circuit module design makes it more cost-effective than conventional machines.
Segmentation:
- By Product
- On-Troller
- Wall Mounted
- Table Top
- By Animals
- Companion
- Livestock
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
Frequently Asked Questions (FAQs)
The global veterinary anesthesia equipment market is estimated to grow at a CAGR of 6.73% over the forecast period.
Prominent key market players in the veterinary anesthesia equipment market include JD Medical Dist Co. Inc, Kent Scientific Corporation, Midmark Corporation, and Shenzhen Mindray Animal Medical Technology Co. Ltd (Mindray Group), among others.
The veterinary anesthesia equipment market has been segmented by products, animals, and geography.
The growing prevalence of animal orthopaedic issues indicates the need for anesthesia in convenient treatment thereby propelling the veterinary anesthesia equipment market growth.
North American region is expected to hold a significant share of the veterinary anesthesia equipment market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. VETERINARY ANESTHESIA EQUIPMENT MARKET BY PRODUCT
5.1. Introduction
5.2. On-Troller
5.3. Wall Mounted
5.4. Table Top
6. VETERINARY ANESTHESIA EQUIPMENT MARKET BY ANIMAL
6.1. Introduction
6.2. Companion
6.3. Livestock
7. VETERINARY ANESTHESIA EQUIPMENT MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Israel
7.5.4. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. South Korea
7.6.5. Indonesia
7.6.6. Thailand
7.6.7. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
9. COMPANY PROFILES
9.1. JD Medical Dist Co. Inc
9.2. Kent Scientific Corporation
9.3. Midmark Corporation
9.4. Shenzhen Mindray Animal Medical Technology Co. Ltd (Mindray Group)
9.5. Patterson Scientific
9.6. Supera Anesthesia Innovations
9.7. Vetland Medical Sales & Service LLC
9.8. Vetamac Inc.
JD Medical Dist Co. Inc
Kent Scientific Corporation
Shenzhen Mindray Animal Medical Technology Co. Ltd (Mindray Group)
Patterson Scientific
Supera Anesthesia Innovations
Vetland Medical Sales & Service LLC
Vetamac Inc.
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