Veterinary Anesthesia Equipment Market Size and Growth Rate:

“The Global Veterinary Anesthesia Equipment Market was valued around US$ 2.1 Bn by 2018 and growing at a significant CAGR of 8.6% over next seven years 2019-2025 due to rising incidence of chronic diseases in companion animals”

The global veterinary anesthesia equipment market accounted for US$ 2.1 Bn in 2018 and burgeoning over the forthcoming years. Increasing pet adoption, rising incidence of chronic diseases in companion animals, growing focus on animal healthcare, recent advancements in drug development procedures in the field of animal medicine, growing need of anesthesia for animals, growth in companion animal population, rapidly growing pet population together with increasing number of pet surgeries and technological advancements in the field of veterinary anesthesia are some key factors fueling the market growth. However, factors such as lack of animal healthcare awareness in developing countries and high cost of products are hindering the market growth.

Global veterinary anesthesia equipment market segmented on the basis of modality, product, distribution channel and region.

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Anesthesia Machines dominate the Global Veterinary Anesthesia Equipment Market

Based on product, global veterinary anesthesia equipment market is segmented into complete anesthesia system, anesthesia machines, oxygen regulators, breathing bags and other accessories. Anesthesia Machines held considerable market growth during estimated period. The basic function of an anaesthesia machine is to prepare a gas mixture of precisely known, but variable composition. Veterinary anesthesia machines are used in the majority of universities across North America and numerous facilities around the world. The anesthesia machine is a continuous flow machine in which all the components are mounted on a table.
Asia Pacific Leads the Global Veterinary Anesthesia Equipment market

PBI’s global veterinary anesthesia equipment market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global veterinary anesthesia equipment market with considerable CAGR. The growth in this region is due to increasing pet adoption and growing demand for animal health services, rising companion animal healthcare expenditure and increase in the rate of pet ownership. North America held substantial market growth during estimated period owing to rise in expenditure on animal health care, supportive rules & regulations by governmental bodies and high number of pet owners.

Strategic New Launches are the key strategies adopted by market players

Global veterinary anesthesia equipment market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in April 2017, Ivaoes Animal Health, LLC launched anesthetic product named Rapanofal, which is a Propofol Emulsion Injection approved for cats and dogs.

Key player’s profiles in the report are Vetland Medical (U.S.), Vetronic Services Ltd (UK), Smiths Medical (U.S.), JD Medical (U.S.), Highland Medical Equipment (U.S.), Eickemeyer Veterinary Equipment and Acoma Medical Industry Co. Ltd (Japan).

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Detailed Segmentation of Veterinary Anesthesia Equipment Market:

By Modality
o Portable
o Standalone

By Product
o Complete Anesthesia System
o Anesthesia Machines
o Oxygen Regulators
o Breathing Bags
o Other Accessories

By Distribution Channel
o Veterinary hospitals
o Veterinary clinics
o Others

By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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