Veterinary Anesthesia Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Veterinary Anesthesia Market Analysis
The veterinary anesthesia market is expected to register aCAGR of 6.5% during the forecast period.
- The COVID-19 pandemic impacted the veterinary anesthesia market owing to the disruptions in the veterinary medical devices supply chain and cancellations of veterinary surgical procedures in several countries, primarily due to the temporary lockdowns of manufacturing sites, export bans, and increased demand for medicine for the treatment of COVID-19.
- For instance, according to an article published in February 2021, the demand for veterinary services and visits to pet clinics reduced in Mexico during the COVID-19 pandemic, thus impacting the growth of the veterinary anesthesia market. However, the market recovered since the restrictions were lifted and pet clinic services resumed.
- In addition, the rising chronic diseases associated with surgical procedures and technological advancements in veterinary anesthesia are actively affecting the growth of the studied market.
- The recent years have observed a significant rise in the prevalence of veterinary chronic diseases, such as arthritis, chronic kidney disease, hepatitis, skin allergies (atopy), diabetes mellitus, Cushing's and Addison's disease, inflammatory bowel disease, hyperthyroidism (cats) and hypothyroidism (dogs), and many others. Hence, with the high prevalence of these diseases, the number of surgical procedures is expected to rise during the forecast period.
- According to the data reported by Frontiers of Veterinary Science, the prevalence of canine obesity and obesity-related metabolic dysfunction (ORMD), such as hypertension and fasting hypertriglyceridemia/hypercholesterolemia, was reported to be 40.9% and 20.4%, respectively, in Spain in 2021. The high prevalence of canine obesity is expected to increase the surgical procedures requiring anesthesia, thereby boosting market growth.
- Furthermore, an article published in the Journal of Animal Science in July 2021 reported that osteoarthritis (OA) affects about 20% of all adult dogs and over 90% of dogs above five years of age in North America every year. The high burden of the disease requires the use of anesthesia during surgical treatment, thereby propelling the market growth.
- The strategic initiatives adopted by key market players, such as product launches, approvals, and partnerships, are driving the market growth. For instance, in April 2021, Shenzhen Mindray Animal Medical Technology Co., Ltd. launched its new veterinary anesthesia device called Veta 5 or Veta 3. The product launches are anticipated to propel the market growth.
- However, the high cost of anesthesia machines will likely impede the market growth.
Veterinary Anesthesia Market Trends
This section covers the major market trends shaping the Veterinary Anesthesia Market according to our research experts:
Companion Segment is Expected to Hold a Significant Market Share Over the Forecast Period
- The companion animal segment is expected to hold a significant market share owing to the increasing prevalence of chronic diseases, rise in pet adoption, and rising pet insurance globally.
- According to the People's Dispensary for Sick Animals (PDSA) animal wellbeing June 2021 report, 2 million people in the United Kingdom adopted a pet between March 2020 to May 2021. Of these pets, 10% were dogs, 8% were cats, and 13% were rabbits. Also, according to Der Deutsche Heimtiermarkt, 47% of the households in Germany had pets in 2021.
- Additionally, there were 34.7 million pets in the country, including decorative birds, small animals, and dogs and cats. The number of cats adopted was higher in Germany than in dogs, as 16.7 million cats live in 26% of German households compared to 10.3 million dogs in 21% of households. Such a high rate of pet adoption and population in different countries has increased the focus on the healthcare of animals. This has increased the incidences of veterinary diagnostics, thus increasing the demand for anesthesia required for treating chronic diseases, thereby boosting the market.
- Furthermore, according to the American Pet Products Association (APPA), it was estimated that in 2021 around USD 109.6 billion was spent on pets in the United States, an increase of approximately 6% from the previous year. The region's increasing pet adoption rate is also forcing more people to pay attention to the availability of pet insurance. Hence, pet owners are spending more on pet health care. This is opening up possibilities for the creation and availability of advanced and effective anesthesia for the effective treatment of animals, which is expected to drive market growth over the coming years.
- Besides, the strategic initiatives adopted by key players, such as product launches and approvals, fuel the segment growth. For instance, in January 2022, Dechra Pharmaceuticals acquired Isoflurane USP Inhalant Anesthetic and Sevoflurane USP Inhalant inhalation anesthesia solutions from Halocarbon Life Sciences, used for animal surgeries. These developments are projected to propel the segment's growth.
North America is Expected to Hold a Significant Market Share Over The Forecast Period.
- North America is expected to hold a significant share of the veterinary anesthesia market due to increased awareness about animal health and ongoing technological innovations.
- The increasing number of pet insurance in the region is expected to increase the market growth. For instance, according to the 2022 statistics published by the Insurance Information Institute, it has been observed that in the United States, 3.9 million pets were insured at the end of 2021, with an increase of 20% compared to 2020. In addition, California (19.3%), New York (8.4%), and Florida (6.1%) were the three states with the highest percentage of insured pets in 2021.
- Also, it has been observed that in Canada 432,533 pets were insured at the end of 2021, with an increase of 22.7% compared to 2020. Also, Ontario (38.9%), British Columbia (20.3%), and Alberta (18.9%) were the three states with the highest percentage of insured pets in 2021. The rising number of pet insurance in the region is also expected to increase the market growth.
- Furthermore, the research and development activities of various market players to develop effective veterinary anesthesia, product launches, approvals, and partnerships are anticipated to boost the market growth. For instance, in April 2022, Respirair Global collaborated with Dechra United States for isoflurane and sevoflurane veterinary vaporizers and anesthesia accessories. The partnership aims to expand veterinary anesthesia and develop technologically advanced products. Such developments are anticipated to boost the market growth in the region during the analysis period.
Veterinary Anesthesia Industry Overview
The veterinary anesthesia market is fragmented in nature due to the presence of many companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international and local companies with major or significant market shares. Some key players are JD Medical Dist. Co. Inc., Kent Scientific Corporation, Midmark Corporation, Mindray Medical International Limited, Patterson Scientific, ICU Medical, Inc, Supera Anesthesia Innovations, Tecnologia Veterinaria y Medica, S.L, Dispomed Ltd., DRE Veterinary, Vetland Medical Sales & Services, LLC, Avante Health Solutions, Prunus Medical, and Dispomed Ltd.
Veterinary Anesthesia Market Leaders
-
JD Medical Dist. Co. Inc.
-
Kent Scientific Corporation
-
Midmark Corporation
-
Patterson Scientific
-
Mindray Medical International Limited
*Disclaimer: Major Players sorted in no particular order
Veterinary Anesthesia Market News
- April 2022: Dispomed acquired ARVS. The acquisition aims to provide veterinary clinics with medical equipment, including veterinary anesthesia and adapted technical services in western Canada.
- January 2022: ICU Medical Inc. acquired Smiths Medical (US). The Smiths Medical veterinary product portfolio includes syringe and ambulatory infusion devices, vascular access, and vital care products, which enhanced the product portfolio of ICU Medical in anesthetics.
Veterinary Anesthesia Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Rising Chronic Diseases And Associated Surgical Procedures
- 4.2.2 Technological Advancements in Veterinary Anesthesia
-
4.3 Market Restraints
- 4.3.1 High Cost of Anesthesia Machines
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
-
5.1 By Product
- 5.1.1 On Trolley
- 5.1.2 Wall Mounted
- 5.1.3 Table top
-
5.2 By Animals
- 5.2.1 Companion
- 5.2.2 Livestock
-
5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
- 6.1.1 JD Medical Dist. Co. Inc.
- 6.1.2 Kent Scientific Corporation
- 6.1.3 Midmark Corporation
- 6.1.4 Mindray Medical International Limited
- 6.1.5 Patterson Scientific
- 6.1.6 ICU Medical, Inc.
- 6.1.7 Supera Anesthesia Innovations
- 6.1.8 Tecnologia Veterinaria y Medica, S.L
- 6.1.9 Vetland Medical Sales & Services, LLC
- 6.1.10 Avante Health Solutions
- 6.1.11 Dispomed Ltd.
- 6.1.12 Prunus Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Veterinary Anesthesia Industry Segmentation
As per the scope of the report, veterinary anesthesia devices refer to surgical machines designed specifically for delivering anesthesia during surgical operations to reduce the surgical stress response.
The veterinary anesthesia market is segmented by product (on trolley, wall mounted, and tabletop), animal (companion and livestock), and geography (North America, Europe, Asia-Pacific, and the rest of the world).
The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (in USD million) for the above segments.
| By Product | On Trolley | |
| Wall Mounted | ||
| Table top | ||
| By Animals | Companion | |
| Livestock | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World |
Veterinary Anesthesia Market Research FAQs
What is the current Veterinary Anesthesia Market size?
The Veterinary Anesthesia Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Veterinary Anesthesia Market?
JD Medical Dist. Co. Inc., Kent Scientific Corporation, Midmark Corporation, Patterson Scientific and Mindray Medical International Limited are the major companies operating in the Veterinary Anesthesia Market.
Which is the fastest growing region in Veterinary Anesthesia Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Veterinary Anesthesia Market?
In 2024, the North America accounts for the largest market share in Veterinary Anesthesia Market.
What years does this Veterinary Anesthesia Market cover?
The report covers the Veterinary Anesthesia Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Anesthesia Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Veterinary Anesthesia Industry Report
Statistics for the 2024 Veterinary Anesthesia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Anesthesia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
