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2022
Veterinary Anesthesia Market

Veterinary Anesthesia Market

by Product (Anesthesia Machines, Vaporizers, Others), by Animals (Small animals, Large animals), by End User (Veterinary Hospitals and Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A14330
Pages: 201
Tables: 143
Charts: 56
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Veterinary Anesthesia Market Research, 2031

The global veterinary anesthesia market was valued at $145.6 million in 2021, and is projected to reach $228.8 million by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Veterinary anesthesia equipment widely used for veterinary procedures includes dental procedures, imaging, and urinary catheterization. Anesthesia is given to the animals during diagnosis and surgical procedures. Anesthesia is given in many ways to animals most practitioners give anesthesia through air pressure by using anesthesia machines.Veterinary anesthesia is a procedure performed on animals by a veterinarian or a registered veterinary technician. It includes anesthesia for the major species such as dogs, cats, horses, cattle, sheep, goats, and pigs. 

The veterinary anesthesia market decreased during the lockdown period owing to a decrease in demand for anesthesia machines. Fewer visits in veterinary clinics and hospitals due to risk of covid-19 infection and restrictions imposed by lockdown which negatively impacted on market growth.

Veterinary Anesthesia Market

Historical overview 

The market was analyzed qualitatively and quantitatively from 2021-2031. The veterinary anesthesia market grow at a CAGR of around 4.6% from 2021-2031. Most of the growth was derived from the Asia-Pacific region owing to the surge in health awareness, rise in disposable incomes, as well as well-established presence of companies in the region. 

Market dynamics 

The growth of the veterinary anesthesia market is driven due to the rise in the prevalence of orthopedic issues in animals such as injury and arthritis. This highlights the demand for veterinary anesthesia. In addition, an increase in cases of cruciate ligament rupture in dogs worldwide drive the market growth. For instance, 85% of all-orthopedic injuries in dogs are some form of cruciate ligament rupture injury colors and flavors. The growth of the veterinary anesthesia market is expected to be driven by high potential in untapped, emerging markets, due to the availability of improved animal healthcare infrastructure, increase in unmet healthcare needs, rise in prevalence of chronic diseases in animals, and surge in demand for veterinary anesthesia machines.

Furthermore, increase in product offering by the manufacturers supports the market growth. High admissions of animals in veterinary clinics and hospitals across the globe surge the demand for outpatient facilities for animals and rise in number of veterinary surgeries contributes toward market growth. The demand for veterinary anesthesia is not only limited to developed countries but is also being witnessed in the developing countries, such as China, Brazil, and India, which fuel the growth of the market. Factors such as rise in high focus on innovation in animal healthcare resulted in development of advanced veterinary anesthesia products, further drive the growth of the market. Furthermore, rise in consumer awareness related to preventive animal healthcare and ease of accessibility boost the adoption of veterinary anesthesia. Moreover, increase in prevalence of oral diseases in dogs and cats and treatment of oral diseases such as dental cleaning and others which requires the pet animals to undergo the general anesthesia procedure as it increase the demand for veterinary anesthesia equipment and further supports the market growth. Furthermore, surge in ownership of companion animals acts as a key factor that contributes toward the growth of the market. For instance, according to the Insurance Information Institute, stated that the total premium volume for pet insurance in the U.S. was nearly $2.6 billion in 2021.

Factor such as surge in adoption of companion animals has been witnessed across the globe. For instance, according to the Pet Food Industry China, stated that in 2020, around 52 million dogs and 49 million cats were kept by 63 million pet owners in China urban cities. Additionally, according to the North American Pet Health Insurance Association, around 67% of U.S. families own a pet in 2019. Thus, rise in pet population across the globe supports the market growth. Moreover, increase in the number of overweight dogs is expected to propel the market growth. According to VCA Animal Hospital, in North America obesity is the most common disease in dogs. For instance, according to the Association for Pet Obesity Prevention (APPA) in 2018-19, an estimated 50 million dogs and 56 million cats were overweight or had obesity in the U.S. The rise in prevalence of bone fractures among animals further drive the market growth. Moreover, the advent of advanced surgical techniques to treat the condition is anticipated to serve as opportunity for the market expansion during the forecast period. 

Various public and private service providers offer schemes for various companion animals, including dogs and cats, among others. The favorable pet insurance policies in countries such as the U.S., well-developed veterinary care infrastructure and higher pet ownership rates in this region are expected to boost the market growth. For instance, in March 2022, according to the Spots.com, around 84.9 million or 67% of American households own at least one kind of pet. Furthermore, rise in adoption of companion animals in Europe further drive the market growth. For instance, in October 2022, according to Copper Pet Care, there are around 145 million pet animals present in European Union (including Norway and Switzerland).

Moreover, presence of organizations focused on animal health in this region is also contributing to market growth. For instance, animal welfare organizations care for the physical, emotional, and psychological well-being of certain animals and also provides awareness regarding animal health. These groups include animal rescue organizations, wildlife rehabilitation facilities, which care for the animals in distress and sanctuaries, where animals are brought to live. Thus, rise in animal welfare organizations further propels veterinary anesthesia market opportunity. These groups include animal rescue organizations, wildlife rehabilitation facilities, which care for the animals in distress and sanctuaries, where animals are brought to live. Thus, rise in animal welfare organizations further propels the market veterinary anesthesia market growth. 

However, high cost of veterinary anesthesia equipment impedes the market growth. In addition, lack of veterinary infrastructure facilities in underdeveloped nations and high cost of veterinary anesthesia may restrain the market growth. 

The outbreak of COVID-19 has disrupted workflows in the health care sector around the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. The global veterinary anesthesia market experienced a decline in 2021 due to global economic recession led by COVID-19. In addition, the COVID-19 outbreak disrupted the supply chain across various end-user industries like food & beverage, healthcare, medical equipment and industrial. For instance, the British Veterinary Association stated that around 16% veterinary professionals in Europe closed their operations for a period in 2020. In addition, shortage of equipment and veterinarians were affected due to pandemic. For instance, data published by CMI research stated that approximately 47% of veterinary professionals in South America and 33% in Nordic countries experienced delayed delivery for anesthesia devices. 

Segmental Overview 

The veterinary anesthesia market is segmented into product, animal, end user and region. By product, the market is categorized into anesthesia machines, vaporizers, and others. On the basis of animal, the market is segregated into small animal, and large animal. By end user, the market is classified into veterinary hospitals & clinics and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

By product

The market is segmented into anesthesia machines, vaporizers, and others. The anesthesia machines segment dominated the veterinary anesthesia market share in 2021 and is expected to remain dominant throughout the forecast period, owing to increase in adoption of veterinary anesthesia machines for animals.   

Veterinary Anesthesia Market

By animal

The veterinary anesthesia market is segregated into large animal and small animal. The small animal segment dominated the veterinary anesthesia market size in 2021, and is anticipated to continue this trend during the forecast period. This is attributed to rise in adoption of small animals, increase in number of pet insurance purchase, surge in awareness for pet health, growth in number of veterinary clinics & veterinary physicians.  

 

Veterinary Anesthesia Market

By end user

The market is classified into veterinary hospitals & clinics and others. The veterinary hospitals & clinics held the largest market share in 2021 and is expected to remain dominant throughout the veterinary anesthesia market forecast. This was attributed to rapid expansion of emergency and critical care units in veterinary hospitals, and availability of affordable veterinary anesthesia in hospitals, rise in number of veterinary clinics, and availability of veterinary anesthesia in veterinary clinics.  

Veterinary Anesthesia Market

By region

The veterinary anesthesia market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  North America accounted for a major share of the veterinary anesthesia market in 2021 and is expected to maintain its dominance during the forecast period. 

Presence of key players, such as  Dispomed Ltd, JD Medical, ICU Medical, Inc., Kent Scientific Corporation, Midmark Corporation and advancement in manufacturing technology of veterinary anesthesia in the region drive the growth of the market. In addition, surge in соnсеrn аmоng реорlе fоr mаіntаіnÑ–ng а hеаlthу lÑ–fеѕtуlе for animals аnd соnÑ•Ñ–Ñ•tеnt grоwth Ñ–n thе pet рорulаtіоn, Ñ–nсrеаѕеѕ thе demand fоr veterinary anesthesia in the region, which is ехресtеd tо Ñ€rореl the grоwth of thе mаrkеt. Furthermore, presence of well-established animal healthcare infrastructure, high purchasing power, and rise in adoption rate of veterinary orthopedic implants are expected to drive the market growth.   

Asia-Pacific veterinary anesthesia market size is expected to grow at the highest rate during the forecast period. The market growth in this region is attributed to presence of medical device companies in the region as well as growth in the purchasing power of populated countries, such as China and India. Furthermore, surge in demand for protein-rich animal food, and upsurge in number of veterinary clinics coupled with veterinary anesthesia significantly contribute toward the market growth in Asia-Pacific. Asia-Pacific offers profitable opportunities for key players operating in the veterinary orthopedic implants market, thereby registering the fastest growth rate during the forecast period, owing to developments in infrastructure of industries, rise in disposable incomes as well as well-established presence of domestic companies in the region. In addition, rise in contract manufacturing organizations within the region provides great opportunity for new entrants in this region.

 

Veterinary Anesthesia Market

COMPETITION ANALYSIS 

Competitive analysis and profiles of the major players in the veterinary anesthesia include Dispomed Ltd, Everest-Tecnovet S.L., ICU Medical, Inc, JD Medical, Kent Scientific Corporation, Midmark Corporation, Patterson Scientific, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Supera Anesthesia Innovations, and Vetland Medical Sales & Services. Major players have adopted acquisition as key developmental strategies to improve the product portfolio of the veterinary anesthesia market. The other market players such as Vpera Innovations, Vetronic Services Ltd, and Synthomer Plc., provide the veterinary anesthesia machines. 

Some examples of acquisition in the market 

In April 2022, Dispomed Ltd. announced the acquisition of ARVS. This acquisition helped in providing the veterinary clinics with the best medical equipment and adapted technical services. 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the veterinary anesthesia market analysis from 2021 to 2031 to identify the prevailing veterinary anesthesia industry opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the veterinary anesthesia market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global veterinary anesthesia market trends, key players, market segments, application areas, and market growth strategies.

Veterinary Anesthesia Market Report Highlights

Aspects Details
Market Size By 2031 USD 228.8 million
Growth Rate CAGR of 4.6%
Forecast period 2021 - 2031
Report Pages 201
By End User
  • Veterinary Hospitals and Clinics
  • Others
By Product
  • Anesthesia Machines
  • Vaporizers
  • Others
By Animals
  • Small animals
  • Large animals
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Midmark Corporation, JD Medical, Kent Scientific Corporation, Supera Anesthesia Innovations, Vetland Medical Sales & Services, ICU Medical, Inc., Dispomed Ltd, Patterson Scientific, Everest-Tecnovet S.L., Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
 

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This section provides various opinions of top-level CXOs in the global veterinary anesthesia market. According to the insights of CXOs, veterinary anesthesia is used in animals to administer the mediations or removing the fluids. 

CXOs further added that veterinary anesthesia market is driven by factors such as rise in prevalence of veterinary chronic diseases with rise in surgical procedures among animals, increases the demand for veterinary anesthesia. In addition, there is a rise in animal health expenditure and government initiatives taken for animal health awareness in various regions. 

Furthermore, North America is expected to witness highest growth, in terms of revenue, owing to rise in prevalence of animal's disorders. However, Asia-Pacific is anticipated to witness notable growth, owing to advanced technology regarding veterinary anesthesia machines during the forecast period. 

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Published Date :
Nov 2022
Author(s) : Shraddha M , Onkar S
FREQUENTLY ASKED QUESTIONS?

A. Increase in adoption of companion animals, livestock population globally are the upcoming trends of veterinary anesthesia market in the world

A. Veterinary hospitals and clinics are the Leading end user of veterinary anesthesia market.

A. North America had the highest market share in 2021, and is expected to maintain its lead during the forecast period.

A. The global veterinary anesthesia market was valued at $145.62 million in 2021, and is projected to reach $228.78 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.

A. Major Key players that operate in the global veterinary anesthesia market are Dispomed Ltd, Everest-Tecnovet S.L., ICU Medical, Inc, JD Medical, Kent Scientific Corporation, Midmark Corporation, Patterson Scientific, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Supera Anesthesia Innovations, and Vetland Medical Sales & Services.

A. 2021 is the base year of veterinary anesthesia market analysis.

A. 2022 to 2031 is the forecast period of veterinary anesthesia market analysis.

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