The veterinary anesthesia equipment market size is predicted to reach USD 290.2 million by 2028 and exhibit a CAGR of 7.0% during the forecast period. Fortune Business InsightsTM has presented this information in its report titled, “Veterinary Anesthesia Equipment, 2022-2028”.
Veterinary anesthetic equipment has been widely employed in veterinary treatments such as dental procedures, radiography, and urine catheterization over the years. The rising incidence of veterinary chronic diseases such as hepatitis, skin allergies, chronic renal disease, and diabetes mellitus in companion animals has resulted in an increase in the number of surgical procedures connected with these conditions.
Request a Sample Copy of the Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/veterinary-anaesthesia-devices-market-100697Rising Number of Veterinary Surgical Treatments to Augment Market Growth
The rising number of veterinary surgical treatments including spaying and neutering, skin surgeries, and teeth extractions is one of the most important drivers of the global industry. ACL, fractures and dislocations, belly surgery, cancer surgery, spinal surgery, ear surgery, and amputations are some of the other major veterinary surgical operations performed around the world. For example, the total number of dogs in the U.S. in 2020 was 89.7 million. According to an article published by the American Veterinary Medical Association (AVMA), neoplasia affects about one out of every four dogs. Almost half of the dogs over the age of ten get cancer, which can be treated with certain surgical procedures, resulting in increased anesthetic use and a major driver for veterinary anesthetic equipment.
Hence, various companies with a strong product portfolio in these devices are focusing on introducing new anesthesia devices which are portable, well-calibrated, safe, and efficient. Along with such new technology, various companies focus on strategic partnerships with other players to increase the availability of veterinary equipment. In January 2019, DRE Veterinary (Avante) announced its strategic partnership with VetNOW, a company that offers innovative high-quality care for facilities related to the veterinary equipment market. Such strong trends in animal population and veterinary surgical procedures are expected to give rise to new product launches, leading to a strong surge in the veterinary anesthesia equipment industry during the forecast period.
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