Anesthesia is a form of treatment in which the subject is administered with certain forms of medication that prevent it from experiencing any form of sensation of pain during the process of surgery. Anesthesia is applied in major species of animals such as cats, dogs, cattle, horsees, goats, pigs, and more. The procedure of anesthesia on animals is performed by a registered veterinary technician or a certified veterinarian. In cases of animals, anesthesia is used extensively, as animals, in most cases, are unable to cooperate with certain therapeutic or diagnostic procedures. Anesthetic machines are generally used for the purpose of anesthesia, owing to their safety and security.

Technological advancements in the field of veterinary anesthesia have boosted the adoption of equipment with better capabilities. The equipment offers advanced features and novel ventilation modes among others. Other factors such as increase in the prevalence of chronic disorders among companion animals, rise in pet ownership, and increase in the incidence of accidental injuries are key factors in contributing to the growth of the veterinary anesthesia equipment market. A rise in focus on animal care has resulted in an increase in pet adoption and rise in demand for products utilized for animal management. According to a survey conducted by the American Pet Products Association (APPA) in 2017-2018, a total of 85 million families, or 65% of households in U.S., owned one pet or more.  Since the National Pet Owners Survey was first conducted in 1988, the number of pet owners rose by a staggering 56%. Similarly, increase in expenditure on pet insurance has presented a lucrative environment for the growth of the veterinary anesthesia equipment market. According to the North American Pet Health Insurance Association (NAPHIA), the pet insurance sector in North America expanded rapidly, with the number of combined gross written premiums approaching US$ 1.2 Bn in 2017. However, high cost of veterinary products is likely to be a major restraint of the global veterinary anesthesia equipment market in the next few years.

The global veterinary anesthesia equipment market can be segmented based on product, animal, end-user, and region. In terms of product, the global veterinary anesthesia equipment market can be classified into complete anesthesia machines, ventilators, vaporizers, waste gas management systems, gas delivery management systems, and accessories. In terms of animal, the global veterinary anesthesia equipment market can bifurcated into small animals and large animals. Based on end-user, the global veterinary anesthesia equipment market can be classified into hospitals & clinics, emergency service centers, and veterinary homecare settings.

In terms of region, the global veterinary anesthesia equipment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a major share of the global market in terms of revenue in 2017. High number of pet owners, increase in pet ownership, rise in expenditure on animal health care, and supportive rules & regulations by governmental bodies are expected to propel the veterinary anesthesia equipment market in the region. Europe constituted a significant share of the global veterinary anesthesia equipment market in terms of revenue in 2017. However, the market in Asia Pacific is expected to expand at a high CAGR during the forecast period. Increase in awareness regarding animal care, rise in the population of domestic animals, and increase in the rate of pet ownership are likely to drive the market in the region in the near future. The market in Middle East & Africa and Latin America is projected to expand at a moderate rate during the forecast period. The market in these regions is expected to be propelled by an evolving lifestyle and improving economic and political scenario.

Key players operating in the global veterinary anesthesia equipment market include DRE Veterinary, Mediquip Pty Ltd, Patterson Companies, Inc., VETLAND MEDICAL SALES & SERVICES, Smiths Medical, Kent Scientific Corporation, Henry Schein, Inc., Dispomed ltd, Midmark Corporation,  and JD Medical.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Veterinary Anesthesia Equipment Market

Pre Book