Veterinary Anesthesia Market Size (2024 - 2029)

The veterinary anesthesia market is experiencing growth, driven by factors such as the increasing prevalence of chronic diseases in animals and advancements in technology. The market size is influenced by the rising demand for surgical procedures requiring anesthesia, which has rebounded following disruptions caused by the COVID-19 pandemic. Strategic initiatives by key players, including product launches and partnerships, are further contributing to market expansion. However, the high cost of anesthesia machines poses a challenge to market growth.

Market Size of Veterinary Anesthesia Industry

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Veterinary Anesthesia Market Summary
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

Veterinary Anesthesia Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
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Veterinary Anesthesia Market Size Summary

The veterinary anesthesia market is poised for steady growth, driven by the increasing prevalence of chronic diseases in animals and advancements in anesthesia technology. The market experienced disruptions during the COVID-19 pandemic due to supply chain issues and reduced veterinary services, but has since rebounded as restrictions were lifted. The rising incidence of conditions such as arthritis, diabetes, and obesity-related disorders is expected to lead to more surgical procedures, thereby boosting the demand for veterinary anesthesia. Strategic initiatives by key players, including product launches and partnerships, are further propelling market expansion. However, the high cost of anesthesia machines may pose challenges to market growth.

The companion animal segment is anticipated to capture a significant share of the market, fueled by the growing pet adoption rates and increased focus on animal healthcare. Regions like North America are expected to hold substantial market shares due to heightened awareness of animal health and technological innovations. The rise in pet insurance coverage is also contributing to market growth, as pet owners seek advanced healthcare solutions for their animals. The market is characterized by a fragmented landscape with numerous global and regional players, each contributing to the competitive dynamics through strategic acquisitions and collaborations. These developments are expected to drive the market forward in the coming years.

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Veterinary Anesthesia Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Chronic Diseases And Associated Surgical Procedures

      2. 1.2.2 Technological Advancements in Veterinary Anesthesia

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Anesthesia Machines

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 2.1 By Product

      1. 2.1.1 On Trolley

      2. 2.1.2 Wall Mounted

      3. 2.1.3 Table top

    2. 2.2 By Animals

      1. 2.2.1 Companion

      2. 2.2.2 Livestock

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

Veterinary Anesthesia Market Size FAQs

The Veterinary Anesthesia Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

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.

Veterinary Anesthesia Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)