Veterinary Anesthesia Equipment Market To Witness Widespread Expansion During 2018 - 2025

05/apr/2021 12:10:10 Grand View Research Contatta l'autore

The global veterinary anesthesia equipment market size is expected to reach USD 1.66 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.2% during the forecast period. Increasing incidence of oral diseases in dogs & cats is creating a greater need for veterinary machines for dental surgery. This, in turn, is providing numerous opportunities to the manufactures operating in the veterinary anesthesia machines market space. In addition, rising incidence of foodborne & zoonotic diseases and bacterial infections that lead to critical conditions are anticipated to fuel the demand over the forecast period. The veterinary medicine field experienced drastic technological developments in the last 20 years.

Growing number of animal health practitioners in response to advanced anesthesiology is expected to augment the demand during the forecast period. In addition, rising penetration of pet insurance is anticipated to fuel the adoption of surgical practices for animals, which will thereby boost the growth of the veterinary anesthesia equipment market. Furthermore, increasing number of pet owners is anticipated to promote the adoption of animal health care services, which is likely to drive the overall market during the forecast period.

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Further key findings from the report suggest:

·         The complete veterinary anesthesia equipment segment accounted for the largest revenue share in 2017. The demand for integrated systems by animal health practitioners in surgical procedures is projected to increase over the forecast period

·         The small animal segment, which includes companion animals, is anticipated to witness significant growth in the coming years due to growing pet adoption and increasing concerns regarding pet health by owners.

·         Clinics & hospitals are expected to witness substantial growth during the forecast period due to increasing pet owner’s preference and availability of surgeons in these facilities

·         Presence of a large number of established animal health clinics and laboratories that are consistently striving for extensive commercialization of their services in North America is bolstering the growth of the regional market

·         Asia Pacific is poised to experience lucrative growth in the coming years owing to increasing collaborations by public and private organizations to promote the adoption of animal health services

·         Some of the key companies present in the market are Mindmark, JD Medical, Smiths Medical, and Patterson Companies. The companies are involved in development of novel analgesic that gives relief to pets. There are various molecules in pipeline expecting approval during the forecast period.

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