Veterinary Anesthesia Equipment Market Size, Share & Trends Analysis Report By Animal Type, By End Use, By Product (Complete Anesthesia Machines, Ventilators, Accessories), and Segment Forecasts, 2018 - 2025

Industry Insights

The global veterinary anesthesia equipment market size was valued at 957.9 million in 2017. It is poised to exhibit a CAGR of 7.2% during the forecast period. Increasing pet adoption and growing number of veterinary surgical procedures are the key factors driving the market. In addition, rising incidence of chronic diseases in companion animals and mounting cases of accidental injuries in animals are also likely to stimulate the growth of the market.

Introduction of advanced features in anesthesia machines, such as new ventilation mode, graphical screens, and clear picture offering loops, by manufacturers is expected to fuel the adoption over the forecast period. Rising pet adoption trend, pet-human bonding, and surging consumption of veterinary care products are also estimated to provide an upthrust to the veterinary anesthesia machines market.

Recent advancements in drug development procedures in the field of animal medicine are boosting the adoption of this equipment among veterinarians. Advancements in intravenous anesthesia, research pertinent to effective drug delivery to pets, and new product approvals are some of the primary growth stimulants for the market. For instance, in July 2018 the Center for Veterinary Medicine approved anesthetic Alfaxan, which is intravenous injectable that offers an extended product shelf life.

Growing focus on animal healthcare is also working in favor of the market. Oral issues among cats and dogs have always remained a challenge for veterinarians. High need for equipment and machines for dental surgeries of animals is anticipated to keep the demand for veterinary anesthesia equipment strong during the forecast period.

Product Insights

Complete anesthesia machine was the most prominent product segment in the market in 2017. The dominance of the segment can be attributed to growing adoption of integrated solutions by veterinary professionals as these solutions offer work efficiency. Companies such as Patterson Veterinary Supply, Inc. and Dispomed ltd are offering integrated solutions to veterinarians. Increasing product offering by manufacturers is also supplementing the growth of the segment.

The accessories segment is anticipated to witness lucrative growth over the forecast period owing to repetitive use of these products in surgical procedures. This equipment can be replaced and comes in various forms.

Animal Type Insights

The large animal type segment was dominant in terms of revenue in 2017. High consumption of milk, meat, and other products is resulting into strong demand for large animals and thus, demand for healthcare services to treat these animals is increasing. Growing concerns related to pet care and rising awareness among end users regarding the use of anesthesia in animals are bolstering the growth of the segment.

High inclination of government organizations towards animal welfare is one of the key contributing factors. The small animal segment comprises companions. It is projected to register lucrative growth during the forecast period owing to rising pet ownership due to significant health associated benefits in humans.

Health benefits due to pet adoption include lower blood pressure, greater psychological stability, reduced frequency of cardiac arrhythmias, and anxiety attacks leading to overall improvements in human well-being.

End-use Insights

The hospitals & clinics segment expected to witness lucrative growth in the coming years. This growth attributed to high penetration of animal health clinics and hospitals across the developed nations. Surging demand for outpatient facilities for animals and increasing number of veterinary surgeries are some of the factors augmenting the growth of the segment.

The other segment is inclusive of reference laboratories, emergency facilities, and other animal care centers. This segment accounted for the largest revenue share in the veterinary anesthesia equipment market in 2017. The adoption of these services is driven by introduction of technologically advanced systems in pet care, which is poised to bode well for the growth of the overall market. These advancements include advent of efficient information management systems and pet owner mobile technology. High focus on innovation in animal health care has resulted in development of certain guidelines that are being implemented or are in the process of implementation.

Regional Insights

North America held the dominant share in 2017. Pet ownership is increasing in the U.S., which is fueling the demand for animal healthcare services. Moreover, increasing incidence of chronic diseases and injuries among pets is likely to escalate the demand for anesthetic and related products in this region.

Asia Pacific is expected to witness lucrative CAGR during the forecast period. The growth of the region can be attributed to increasing pet adoption and growing demand for animal health services. According to the Japan Pet Food Association Statistics, there were 9.52 million adopted cats and 8.92 million adopted dogs in Japan in 2017. Increasing number of pets is estimated to boost the veterinary service market size over the forecast years. Furthermore, Japan is witnessing a rise in population of elderly pets. Mean age of several dogs and cats is 12 to 13 years. This shows the potential demand for veterinary surgeries and thereby propelling the growth for veterinary anesthesia machines market.

Veterinary Anesthesia Equipment Market Share Insights

The global arena is marked by the presence of various companies, leading to a fragmented market. Industry rivalry is estimated to remain high throughout the forecast period. Various small and larger companies are involved in the development of anesthesia machines for animal health applications. Some of the companies operating in the market are JD Medical, Midmark Corporation, Dispomed Ltd., Henry Schein Company, Smiths Medical (Surgivet), Patterson Scientific, Mediquip, and DRE Veterinary.

Industry participants are focusing on competitive strategies to increase their revenue share. Some of the strategies implemented by them are a new product launch, partnership and distribution agreements, and geographic expansions. For instance, in April 2017, Ivaoes Animal Health, LLC., operational as a subsidiary of Tri-Source Pharma, LLC, launched an anesthetic product named Rapanofal, which is a Propofol Emulsion Injection approved for cats and dogs. Introduction of such new products in the market is anticipated to support market growth.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global veterinary anesthesia equipment market report based on product, animal type, end use, and region:

• Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Complete Anesthesia Machines

  • Ventilators

  • Vaporizers

  • Waste Gas Management Systems

  • Gas Delivery Management Systems

  • Accessories

• Animal Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Small

  • Large

• End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals & Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa