How much is the veterinary anesthesia equipment market worth, and how is it expected to expand?
The veterinary anesthesia equipment market size has grown strongly in recent years. It will grow from $1.1 billion in 2024 to $1.19 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increasing pet ownership, growing livestock industry, rising prevalence of chronic diseases in pets, rising awareness of the importance of pain management in animals, growing demand for quality of life treatments for animals, government support for veterinary research and development.
The veterinary anesthesia equipment market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing veterinary specialization, rising pet healthcare expenditure, growing importance of pain management in animals, globalization of veterinary services. Major trends in the forecast period include advancements in anesthesia techniques, minimally invasive surgery, smart and connected devices, eco-friendly anesthesia, customized anesthesia plans.
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Which industry factors have accelerated the veterinary anesthesia equipment market’s expansion?
Rising pet ownership is expected to propel the growth of the veterinary anesthesia equipment market in the coming years. Pet ownership is the act of keeping a tamed animal, such as a cat, dog, bird, fish, or similar small animal, and providing for its needs. Pet ownership entails obligations such as providing food, water, housing, physical activity, and healthcare for the animal. Veterinary anesthetic equipment is essential to pet ownership since it ensures the security of pets throughout surgical operations. The need for veterinary anesthetic equipment is predicted to rise as the number of pets grows. For instance, in October 2023, according to the World Animal Foundation, a US-based site that promotes animal rights, responsible pet ownership, and compassionate awareness, ownership of dogs was more prevalent, with 65.1 million dogs compared to 46.5 million cats. Horse owners own 2.2 million horses, while 11 million households have saltwater fish tanks. Therefore, rising pet ownership is driving the veterinary anesthesia equipment market.
What are the primary segments of the veterinary anesthesia equipment market?
The veterinary anesthesia equipment market covered in this report is segmented –
1) By Type: Standalone Anaesthesia Machines, Portable Anaesthesia Machines
2) By Animal Type: Small, Large
3) By End User: Veterinary Hospitals, Veterinary Clinics, Emergency Service Centres, Veterinary Homecare Settings
Subsegments:
1) By Standalone Anesthesia Machines: Conventional Standalone Anesthesia Machines, Advanced Standalone Anesthesia Machines
2) By Portable Anesthesia Machines: Battery-operated Portable Anesthesia Machines, Lightweight Portable Anesthesia Machines
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Which firms are leading the veterinary anesthesia equipment market?
Major companies operating in the veterinary anesthesia equipment market include JD medical, Midmark Corporation, Smiths medical, Mindray Medical, Kent Scientific, Everest Veterinary Technology, Dispomed Ltd., Henry Schein Company, Mediquip, Patterson Scientific, DRE Veterinary, Beijing Yei Shinhang electronic technology, Vetronic Services LTD, Synthomer plc, Hallowell Engineering, Manufacturing corporation, Supera innovations, Vetland Medical, Synthomer plc., General Electric, BPL limited, Penlon Limited, Tenessee anaesthesia, CRH medical, Jorgensen Laboratories LLC, VetEquip Inc., Mds Medical Limited, Advanced Anesthesia Specialists, SurgiVet, Hallowell Engineering & Manufacturing Corporation, Supera Anesthesia Innovations, Burtons Medical Equipment Ltd, Cattani S.p.A., Eickemeyer Veterinary Equipment Inc., Jørgen Kruuse A/S, Patterson Veterinary Supply Inc., Henry Schein Animal Health Inc., ICU Medical Inc.
How will evolving trends contribute to the growth of the veterinary anesthesia equipment market?
Manufacturers of veterinary anesthesia equipment are required to adhere to stringent regulations set by various regulatory bodies. For instance, the US Food and Drug Administration’s (FDA) Center for Veterinary Medicine (CVM) regulates the market for veterinary devices in the USA. The FDA issues guidelines concerning the manufacturing, procuring, packaging, branding, selling, and usage of medical devices. Also, the FDA encourages veterinarians and pet owners to report defects in veterinary medical equipment.
Which geographic trends are shaping the veterinary anesthesia equipment market, and which region has the highest market share?
North America was the largest region in the veterinary anesthesia equipment market in 2023. Asia-Pacific was the second-largest region in the global veterinary anesthesia equipment market share. The regions covered in the veterinary anesthesia equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Veterinary Anesthesia Equipment Market Report 2025 Offer?
The veterinary anesthesia equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Veterinary anesthesia equipment refers to a type of device or instrument that is composed of a number of components that work together to support breathing and safely deliver inhalant anesthetic agents into patients’ bodies to prevent pain or discomfort during surgical procedures.
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