Home > Animal Health & Nutrition > Veterinary Medical Devices > Veterinary Anesthesia Equipment Market
Veterinary Anesthesia Equipment Market size was valued at USD 258.3 million in 2022 and is expected to grow at a 7.8% CAGR from 2023 to 2032 driven by rising pet adoptions and an increase in the number of veterinary surgical operations. Furthermore, the rising frequency of chronic diseases in companion animals and the increasing number of occurrences of animal accidents.
The expenditure on animal healthcare, including animal diagnostic procedures and surgeries, has been increasing. Pet owners are willing to invest in high-quality veterinary care for their animals, including safe and effective anesthesia. This has led to a higher demand for veterinary equipment and supplies including anesthesia.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Veterinary Anesthesia Equipment Market Size in 2022: | USD 258.3 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7.8% |
2032 Value Projection: | USD 546.6 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 119 |
Tables, Charts & Figures: | 212 |
Segments covered: | Product, Animal type, End-user, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The COVID-19 pandemic had a significant impact on the veterinary anesthesia equipment market. During the initial phases of the pandemic, many veterinary clinics and hospitals limited their services to emergency and essential procedures. Elective surgeries and non-essential procedures were postponed or cancelled, leading to a temporary decline in the value for anesthesia equipment. This had a negative impact on the market as the reduced number of procedures directly affected the need for anesthesia equipment. However, the pandemic saw an increase in pet ownership as people sought companionship and emotional support. The bond between human and pet strengthened during pandemic which has increased vet visits. The rise in pet ownership and the resulting demand for veterinary services had a positive impact on the entire veterinary industry.
Some key trends in the market includes rising adoption of inhalation anesthesia, increasing focus on patient safety, shift towards minimally invasive procedures, focus on ergonomics and user-friendliness, increasing need for portable and mobile solutions, and integration of technology in advance anesthesia machines. These trends indicate a dynamic and evolving landscape in the industry, with a focus on patient safety, technological advancements such as integrated monitoring systems and advanced ventilation modes, user-friendly designs, and customization to meet the diverse needs of veterinary professionals and their animal patients.
Based on product, the veterinary anesthesia equipment market is segmented as anesthesia machines, ventilators, vaporizers, waste gas management systems, gas delivery management systems, and accessories. In 2022, the anesthesia machines segment accounted for the largest share of 53.8% in the market. The growing requirement for veterinary procedures, including surgeries and diagnostic interventions, is a significant driving factor for anesthesia machines. As veterinary clinics and hospitals handle a higher volume of procedures, there is a greater need for anesthesia machines to ensure safe and effective anesthesia administration.
Based on animal type, the veterinary anesthesia equipment market is segmented as small companion animals and large animals. The small companion animals segment is expected to grow at a significant pace of 8% by 2032. The increasing focus on companion animal healthcare, technological advancements such as precision anaesthetic vaporizers, rise in number of surgical procedures, and the emphasis on pain management are key factors driving the adoption of anesthesia equipment in veterinary practices that cater to small companion animals.
Based on end user, the veterinary anesthesia equipment market is segmented as veterinary clinics, veterinary hospitals, and academic and research institutes. The veterinary clinics segment held a dominant market share of 53.8% in 2022. Veterinary clinics are increasingly performing more complex procedures, including advanced surgeries and minimally invasive procedures. These procedures often require sophisticated anesthesia equipment to ensure precise administration of anaesthetics and precise control over patient monitoring.
North America veterinary anesthesia equipment market is anticipated to grow at 7.6% by 2032. North America has a significant number of pet owners who prioritize their pets' healthcare. The region has a higher percentage of households with companion animals compared to other parts of the world. According to the American Pet Products Association's (APPA) 2021-2022 National Pet Owners Survey, 70% of U.S. households, or around 90.5 million families, own a pet. This leads to a greater demand for veterinary services, including surgical procedures that require anesthesia equipment.
Moreover, North America places a strong emphasis on animal welfare and quality veterinary care. There is a growing awareness among pet owners and veterinary professionals about the importance of providing safe and effective anesthesia to animals during procedures.
Some of the major veterinary anesthesia equipment market players operating in the veterinary anesthesia equipment industry are:
Click here to Buy Section of this Report
By Product
By Animal type
By End-user
The above information is provided for the following regions and countries: