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Veterinary Ventilators Market size reached USD 109.8 million in 2022 and is expected to witness over 3% CAGR from 2023 to 2032. The major factors driving the business growth are the increasing prevalence of respiratory diseases in animals such as canine infectious tracheobronchitis (Kennel Cough) and feline upper respiratory infections, the growing number of animal surgeries, and the development of new technologies such as pressure-controlled ventilation and high-frequency oscillatory ventilation (HFOV).
Moreover, the rising prevalence of respiratory diseases in animals drives the demand for veterinary ventilators as ventilators provides respiratory support to animals. The availability of ventilators with features like adjustable settings, advanced monitoring capabilities, and non-invasive ventilation options helps in the efficient management of respiratory diseases in animals, leading to improved outcomes and better patient care.
Report Attribute | Details |
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Base Year: | 2022 |
Veterinary Ventilators Market Size in 2022: | USD 109.8 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 3% |
2032 Value Projection: | USD 147.6 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 145 |
Tables, Charts & Figures: | 257 |
Segments covered: | Product, Application, Animal type, End-user, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The COVID-19 pandemic had a significant impact on the veterinary ventilators market. The focus on treating COVID-19 patients in human healthcare facilities, the availability and allocation of medical resources, including ventilators, have been primarily directed towards human care. This has resulted in a potential shortage of ventilators for veterinary use, impacting the market. Additionally, the pandemic caused disruptions in global supply chains, including the manufacturing and distribution of medical equipment. This may have led to delays in the production and delivery of veterinary ventilators, affecting market availability.
However, the pandemic resulted in a surge in pet adoption and ownership as people sought companionship during lockdowns and quarantines. This increased pet ownership led to a higher demand for veterinary equipment and supplies, including ventilators, as pet owners became more conscious of animal healthcare needs.
The veterinary ventilators industry is experiencing several notable trends that are shaping its growth and development. Some key trends includes increasing awareness among veterinarians and pet owners about respiratory conditions in animals, rising focus on technological advancements in veterinary ventilators to improve their functionality, growing demand for portable and compact veterinary ventilators, and integrated monitoring capabilities, such as respiratory rate monitoring, airway pressure monitoring, rise in minimally invasive procedures in veterinary medicine, and oxygen concentration monitoring. These trends are anticipated to boost the demand for veterinary ventilators.
Based on product, the market is segmented as mechanical ventilators, electronic ventilators, pneumatic ventilators, and electro-pneumatic ventilators. In 2022, the electronic ventilators segment accounted for the majority share of 42.5% in veterinary ventilators market. Electronic ventilators provide improved control and monitoring capabilities compared to other types of ventilators. They offer advanced features such as pressure sensors, flow sensors, and integrated monitoring systems. These features allow veterinarians to closely monitor and adjust ventilation parameters during procedures, ensuring optimal respiratory support and patient safety. The ability to accurately measure and control ventilation parameters is a significant driver for the adoption of electronic ventilators.
Furthermore, electronic ventilators prioritize patient safety and comfort during anesthesia and critical care procedures. These ventilators incorporate advanced algorithms and feedback mechanisms to deliver precise and controlled ventilation. The ability to deliver ventilation with high accuracy reduces the risk of complications and ensures the patient's comfort throughout the procedure. The focus on patient safety and comfort is a driving factor for the increased use of electronic ventilators in the veterinary field.
Based on application, the veterinary ventilators market is segmented as anesthesia and resuscitation. The anesthesia segment held dominant market share of around 67.5% in 2022 and is forecast to observe significant pace. Factors such as increasing number of surgical procedures, the focus on animal welfare and pain management, advancements in anesthesia techniques and equipment, the demand for specialized veterinary care, and the growing pet ownership. These drivers collectively contribute to the demand for anesthesia in the veterinary ventilators business, ensuring safe and effective anesthesia administration during veterinary procedures.
Based on animal type, the veterinary ventilators market is segmented as small companion animals and large animals. The small companion animals segment held a dominant market share in 2022 and is expected to grow at a significant pace of 2.8% between 2023 to 2032. The field of veterinary medicine has seen a rise in specialization, with veterinarians focusing on specific areas such as surgery, critical care, or anesthesia. Veterinary specialists and referral centers often handle complex cases and require advanced equipment, including ventilators, to provide specialized care to small companion animals. The demand for ventilators is driven by the need for specialized anesthesia and respiratory support in these settings.
In addition, pet owners and veterinary professionals are increasingly aware of the importance of anesthesia safety in small companion animals. Anesthesia carries inherent risks, and the use of ventilators in conjunction with anesthesia machines helps to minimize those risks by ensuring proper oxygenation, ventilation, and control of anesthetic gases. The focus on safety drives the demand for veterinary ventilators market.
Based on end user, the market is segmented as veterinary clinics, veterinary hospitals, and other end-users. The veterinary hospitals segment held a dominant market share in 2022 and is set to register significant pace between 2023 to 2032. Increasing demand for specialized veterinary care is likely to boost the segmental growth in the market. Veterinary hospitals often handle complex cases and provide specialized care for animals with various medical conditions. These hospitals require advanced medical equipment, including ventilators, to provide respiratory support to critically ill or injured animals. The growing demand for specialized veterinary care drives the need for ventilators in veterinary hospitals.
North America veterinary ventilators market accounted for significant revenue in 2022 and is anticipated to grow at 2.9% CAGR up to 2032. North America has a well-established and advanced veterinary healthcare infrastructure, including veterinary hospitals, clinics, and specialty centers. These facilities are equipped with modern medical technologies and equipment to provide comprehensive care for animals. Ventilators play a crucial role in supporting anesthesia and critical care procedures, and their adoption is driven by the need to maintain a high standard of care and provide advanced respiratory support.
Moreover, there is a growing emphasis on animal welfare and care in North America, with pet owners and veterinary professionals recognizing the importance of providing optimal healthcare services to animals. Ventilators play a critical role in ensuring the safety and well-being of animals during anesthesia and critical care procedures. The focus on animal welfare and care drives the demand for ventilators in the North American veterinary market.
Some of the major market players operating in the veterinary ventilators market are :
These players focus on strategic partnerships, new application launch & commercialization for market expansion.
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