Veterinary Anesthesia Equipment Market Size Rising at 4.7% CAGR, Is Set to Touch USD 243.05 Million By 2032
The global veterinary anesthesia equipment market size was USD Million 153.0 in 2022 and is expected to register a revenue CAGR of 4.7% during the forecast period, according to latest analysis by Emergen Research. Increasing investment and development in vet facilities and diagnostic procedures are projected to support market revenue growth during the forecast period. Several foreign organizations collaborated to develop advanced and simple veterinary anesthetic equipment. It is appropriate for animal hospitals, pet clinics, and animal laboratories. This technological index of an animal anesthesia machine may meet the needs of general anesthesia and medical research in animal laboratories on cats, mice, dogs, rabbits, pigs, monkeys, lambs, and other species. The absorber system meets international standards, has outstanding air tightness, and is easy to use. Thoughtful structural design, cost-effectiveness, adequate accessories, and minimal maintenance costs make it an acceptable option for foreign animal anesthetic machines.
Manufacturers of veterinary anesthetic equipment are adding sophisticated features to give safe and dependable treatment. The new items being launched provide answers to issues such as power outages, battery failure or depletion, and electronic component failure. Companies such as DRE veterinarian and Supera have invested in the development of anesthesia equipment with security features, which is driving revenue growth of the market.
Veterinary care treatment facilities are missing in emerging countries such as India, Pakistan, Bangladesh, and others since many communities in these countries lacked basic test sites and the necessary infrastructure. Furthermore, in terms of the situation across Europe, despite an increase in veterinarians in metropolitan areas, there has been a scarcity in expanding regions such as rural Europe, which is hampering revenue growth of the market.
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Report Scope:
Forecast Period : 2023-2032
CAGR: 4.7%
Base Year: 2022
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
Dispomed Ltd, Tecnología Veterinaria y Médica S.L., JD Medical, Kent Scientific Corporation, Midmark Corporation, Patterson Scientific, Sustainalytics, Supera Anesthesia Innovations, Vetronic Services, Vetland Medical Sales & Services LLCs.
Some Key Highlights from the Report
- The large segment accounted for the largest revenue share in 2022. Many operations that have significant sedative effects can only be performed on standing horses. Depending on the site of the surgery, certain procedures, such as castration, may require general anesthesia. Due to their intricate physiology, horses confront several hurdles as performance animals, which can make anesthesia difficult, creating the potential for the segment to flourish.
- The veterinary hospitals and clinics segment accounted for the largest revenue share in 2022. The services provided in hospitals such as examination, diagnosis, prophylaxis, operations, and treatments, as well as the ability of those facilities to give nursing care to veterinary patients like that provided in human hospitals, is driving revenue growth of the segment.
- The market in Asia Pacific accounted for the second largest revenue share and is expected to register a rapid revenue growth rate owing to increasing adoption of pets as a companion. A rise in the acceptance of household pets has been observed all around the world.
- On 14 April 2022, Respirair Global had a deal with Dechra in the United States for isoflurane and vaporizers, as well as anesthetic supplies. This cooperation is built on innovation and communication.
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Emergen Research has segmented the global Veterinary Anesthesia Equipment market on the basis of product, end-use, and region:
- Product Outlook (Revenue, USD Billion; 2019–2032)
- Freezers
- Plasma Freezers
- Enzyme Freezers
- Flammable Material Freezers
- Shock Freezers
- Explosion-proof Freezers
- Undergraduate Laboratory Freezer
- Ultra-low temperature freezer
- Refrigerators
- Chromatography Refrigerators
- Blood Bank Refrigerators
- Flammable Material Refrigerators
- Explosion-proof Refrigerators
- Pharmacy Undergraduate Refrigerators
- Cryopreservation Systems
- Freezers
- End-use Outlook (Revenue, USD Billion; 2019–2032)
- Academic and Research Institutes
- Pharmaceutical and Biotechnology Companies
- Blood Banks
- Hospitals
- Others
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the Veterinary Anesthesia Equipment market.
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