The latest study from Growth Plus Reports examines the global veterinary anesthesia equipment market‘s output, prospective applications, demand, leading competitors, and SWOT analysis.
The veterinary anesthesia equipment market report helps evaluate the best distribution channels for specific products and potential markets for future product launches. In addition, the report examines the purchasing and supply patterns that impact the market’s production strategy. You can gain insights into the thorough TOC, Tables, and Charts offered throughout the report for essential facts, information, critical statistics, trends, and comprehensive competitive landscape details in this market.
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Veterinary Anesthesia Equipment Market Scope
| Report Attribute | Details |
| Market size value in 2021 | US$ 182.56 Million |
| Revenue forecast in 2030 | US$ 330.02 million |
| Growth Rate | CAGR of 6.80% from 2022 to 2030 |
| Base year for estimation | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | Product, Animal Type, End User, and Region. |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Key Takeaways:
- The increasing number of veterinary surgical procedures will drive market revenue growth.
- The increasing adoption of companion animals will drive demand for veterinary anesthesia equipment.
- North America dominates the global veterinary anesthesia equipment market.
Market Drivers
The increasing prevalence of diseases amongst companion and wild animals will drive the revenue growth of the veterinary anesthesia equipment market. Furthermore, the increasing number of pet adoption, animal welfare organizations, advancements in animal healthcare, and a rising number of veterinary surgical procedures are expected to boost the market revenue growth rate. Additionally, increasing funding for research and development activities to develop advanced anesthesia equipment and the introduction of novel products are expected to support the market’s revenue growth.
Market Segmentation
Growth Plus Reports has analyzed the global veterinary anesthesia equipment market from four perspectives: Product, Animal Type, End User, and Region.
Product Segmentation: Based on the product, the global veterinary anesthesia equipment market is segmented into fixed and portable veterinary anesthesia equipment. The portable veterinary anesthesia equipment segment dominates the market with the largest revenue share because of its affordable prices and easy usability in hospitals and on the field.
Animal Type Segmentation: Based on the animal type, the global veterinary anesthesia equipment market is segmented into small animals and large animals. The small animal segment dominates the market because of the increasing adoption of companion animals.
End-User Segmentation: Based on the end-user, the global veterinary anesthesia equipment market is segmented into veterinary hospitals, veterinary clinics, and others. The veterinary hospital segment dominates the market because of higher patient footfall and the presence of specialized veterinarians in hospitals.
Regional Growth Dynamics
Based on the region, the global veterinary anesthesia equipment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global veterinary anesthesia equipment market with the largest revenue share. High animal healthcare awareness, government activities promoting animal welfare, rising pet ownership in the region, improved healthcare infrastructure, technological advancements, and higher animal healthcare spending in this region are the major factors responsible for North America’s significant revenue share in the global market.
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Competitive Landscape
The following companies are the dominant players in the global veterinary anesthesia equipment market:
- Dispomed LTD
- DRE INC.
- Hallowell Engineering & Manufacturing Corporation
- JD Medical Dist. Co. Inc.
- Kent Scientific Corporation
- Midmark Corporation
- Patterson Companies Inc
- RWD Life Science Co., LTD
- Shenzhen Mindray Animal Medical Technology Co., LTD.
- Smiths Group Plc.
- New Gen Medical Systems
- VETLAND MEDICAL SALES & SERVICES
The market for veterinary anesthesia equipment devices is fairly competitive, with a number of international competitors. Key market players focus on technological advancements, R&D, and mergers and acquisitions to improve their competitive dominance.
Recent developments:
- Dispomed acquired ARVS in April 2022. The acquisition seeks to supply veterinary hospitals in Western Canada with medical equipment, including veterinary anesthesia and suitable technological services.
- ICU Medical Inc. acquired Smiths Medical (US) in January 2022. The Smiths Medical veterinary product portfolio consists of syringe and ambulatory infusion devices, vascular access, and vital care products, which improves the product portfolio of ICU Medical in anesthetics.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL VETERINARY ANESTHESIA EQUIPMENT MARKET- ANALYSIS & FORECAST, BY PRODUCT
- Fixed
- Portable
- GLOBAL VETERINARY ANESTHESIA EQUIPMENT MARKET- ANALYSIS & FORECAST, BY ANIMAL TYPE
- Small Animal
- Cats
- Dogs
- Others
- Large Animal
- Horse
- Elephant
- Others
- Small Animal
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- ‘Business Profile’ of Key Players
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