PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279801
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279801
Global Veterinary Anesthesia Equipment Market is valued at approximately USD 180.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 7.20% over the forecast period 2022-2029. For veterinary treatments like dental work, radiography, and catheterization, veterinary anaesthetic equipment has been used extensively. The Veterinary Anesthesia Equipment market is expanding because of factors such as increasing animal population and increase in Veterinary Surgical Procedures.
The rising demand for veterinary surgical operations such as spaying and neutering, skin surgeries, and tooth extractions is one of the most important factors driving the global market. The ACL, fractures and dislocations, belly surgery, cancer surgery, spinal surgery, ear surgery, and amputations are some of the additional prevalent veterinary surgical operations performed around the world. As around, 69 million American households have dogs as pets, according to a 2021 poll by the American Pet Products Association (APPA). Due to the companionship and emotional support dogs provide, an increase in the number of people adopting dogs has led to an expansion of the industry. As a result, adopting dogs has recently become more widespread among families, particularly nuclear households. According to the APPA Survey 2021-2022, around 90.5 million American homes, or 70%, have pets. Furthermore, as of 2020, there were 89.7 million dogs living in the US. According to a report from the American Veterinary Medical Association (AVMA), neoplasia will affect one in every four canines. About half of the dogs over the age of 10 who develop cancer can be surgically treated, which ultimately raises the demand for anaesthesia and plays a significant role in the development of veterinary anaesthetic equipment market. However, lack of Veterinary infrastructure may halt market growth.
The key regions considered for the Global Veterinary Anesthesia Equipment Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the high pet adoption rate, and increase in Veterinary Surgical Procedures. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of veterinary surgeries, geographic expansion of key players.