Report Overview

The global veterinary anesthesia equipment market was valued at US$ 182.56 Million in 2021 and is expected to witness a CAGR of 6.80% during the forecast period. 

Market Fundamentals 

Anesthesia equipment is used for a wide range of circumstances in animals than humans due to animals' inability to cooperate with specific diagnostic or therapeutic procedures. Veterinary anesthesia equipment is divided based on the animal size and type, as animals require different doses and anesthesia equipment. Veterinary anesthesia devices provide oxygen to the animal, deliver precise amounts of anesthetic agent, remove CO2 and provide controlled or assisted ventilation to Animals while performing surgical procedures or diagnoses. A veterinary anesthesia system consists of an anesthetic machine, vaporizer, ventilator, breathing system, scavenging system, and monitors. These systems are primarily used in veterinary surgical, dental, and imaging procedures. 

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Market Dynamics

The global veterinary anesthesia equipment market is mainly driven by the increasing prevalence of disorders amongst companion and wild animals, pet adoption, and animal well-being organizations. Additionally, advancements in animal healthcare and a rising number of veterinary surgical procedures such as sterilization, tooth extractions, skin abscess or lacerations, internal bleeding, neutering, and fracture correction contribute to the growth of the global veterinary anesthesia equipment market. Moreover, research and development in anesthesia equipment and the introduction of novel products fuel the growth of global veterinary anesthesia equipment. However, the lack of veterinary infrastructure in underdeveloped countries and insufficient medical device regulation is slowing the global veterinary anesthesia equipment market growth.

Market Ecosystem

The global veterinary anesthesia equipment market has been analyzed from five perspectives: product, animal type, end user, and region. 

Veterinary Anesthesia Equipment Market by Product 

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Based on product, the global veterinary anesthesia equipment market has been segmented into fixed and portable veterinary anesthesia equipment markets. Portable veterinary anesthesia equipment is leading the global veterinary anesthesia equipment market owing to affordable prices of such equipment and easy usability in both hospitals and on the field. Additionally, technological advancement and the introduction of novel products contribute to the growth of the portable veterinary anesthesia equipment segment. 

Veterinary Anesthesia Equipment Market by Animal Type

Based on animal type, the global veterinary anesthesia equipment market is segmented into small animals (cats, dogs, and others) and large animals (horses, elephants, cows, and others). The small animal segment is leading the global veterinary anesthesia equipment market owing to the increasing adoption of companion animals worldwide. There has been consistent growth in the uptake of pet animals globally, and the rate is even higher in the developed parts of the world. Furthermore, the disposable incomes in North America and Western Europe are high, and there is greater awareness and general awareness about animal health and well-being. This enables higher uptake of novel diagnosis and treatment measures for animal health and thus supports the growth of the anesthesia equipment market for small animals. 

Veterinary Anesthesia Equipment Market by End User

The global veterinary anesthesia equipment market has been segmented based on end user into veterinary hospitals, veterinary clinics, and others. Hospitals are currently leading the global veterinary anesthesia equipment market owing to higher patient footfall in hospitals. Moreover, various cases are witnessed in hospitals due to the presence of specialized veterinarians hospitals. This enables hospitals to incur a quicker return on investment in expensive equipment. Moreover, the rates of cancer in companion animals are rapidly increasing. According to the American Veterinary Medical Association, one in every four dogs will develop neoplasia at some point in their lives. Hospitals are the most sought facilities for cancer treatment and often require surgical intervention. Consequently, the demand for veterinary anesthesia equipment in hospitals is anticipated to grow within the forecast period continuously. 

Veterinary Anesthesia Equipment Market by Region

Based on region, the global veterinary anesthesia equipment market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. The large share of North America in the global market can be attributed to high awareness about animal healthcare, government initiatives enabling animal welfare, and the increased uptake of pets in the region. According to the North American Pet Health Insurance Association, at the end of 2021, 4.41 million pets were insured, and the pet health insurance marketplace increased by 27.7 percent in the previous year. This indicates a better setup for reimbursement for surgical procedures and other interventions. Additionally, the presence of developed infrastructure, technological advancement, and higher animal healthcare expenditure contribute to the growth of the North American veterinary anesthesia equipment market. The Asia Pacific is also expected to show the highest growth during the forecast period owing to improving healthcare infrastructure and the growing base of the animal husbandry industry in the region. 

Competitive Landscape

Some prominent players operating in the global veterinary anesthesia equipment market are 

• Dispomed LTD
• DRE INC.
• Hallowell Engineering & Manufacturing Corporation
• JD Medical Dist. Co. Inc.
• Kent Scientific Corporation 
• Midmark Corporation 
• Patterson Companies Inc
• RWD Life Science Co., LTD 
• Shenzhen Mindray Animal Medical Technology Co., LTD.
• Smiths Group Plc.
• New Gen Medical Systems
• VETLAND MEDICAL SALES & SERVICES 

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