Market Size of Veterinary Ventilators Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.01 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Veterinary Ventilators Market Analysis
The veterinary ventilator market is projected to register a CAGR of 6.01%% during the forecast period.
The market observed a short-term negative impact due to the COVID-19 pandemic. Visits to veterinary hospitals and clinics decreased during the initial phase of the pandemic. This led to a decrease in disease diagnoses for pets and hampered the growth of the market. However, after lockdowns were lifted, disease diagnosis for animals resumed a steady pace, with a high risk of pneumonia among animals. For instance, according to an article published in PetMD in April 2022, bacterial pneumonia is common among puppies, seniors, and immune-compromised dogs. As per the source above, a dog can be at risk of viral or fungal pneumonia if they reside in shelters, long-term boarding, daycare, or dog parks. Thus, the burden of pneumonia among animals increases the demand for veterinary ventilation. Veterinary hospitals and clinics continue the treatment for respiratory distressed pets, which contributes to market growth. Hence, the COVID-19 pandemic had a significant impact on the market studied.
Factors such as growing animal health expenditure worldwide, increasing number of animal surgeries, and growing prevalence of veterinary diseases are major factors contributing to the growth of the market studied.
Diseases, such as lung diseases (pneumonia, acute respiratory distress syndrome, pulmonary contusions following trauma, and congestive heart failure), tick paralysis, myasthenia gravis, and others, are generally managed with mechanical ventilation. According to an article published by MSD in October 2022, inflammation of the pulmonary parenchyma, or pneumonia, causes breathing problems and is common in animals, such as dogs and cats.As per the same source, despite being rare, canine (dogs) tuberculous pneumonia occurs more frequently than in feline (cats) cases. Mycotic granulomatous pneumonia is more common in dogs than in cats, while in cats, cryptococcal pneumonia is reported more. Thus, the occurrence of various diseases among animals requires ventilation for treatment, creating demand for veterinary ventilation, which is expected to fuel market growth.
Tick paralysis is one of the most common reasons for emergency veterinary admissions for companion animals, and the treatment requires ventilation. An article published in PCBI in February 2022 mentioned that tick-borne diseases constitute a variety of debilitating conditions for pet dogs and cats. As per the same source, thousands of pet or domestic dogs are admitted to veterinary clinics due to tick paralysis for emergency treatment every year in Australia. Thus, the high burden of tick paralysis among the target veterinary population creates a high demand for ventilation for treatment, further driving the growth of the market studied.
The market is expected to witness growth over the forecast period due to the factors mentioned above. However, the lack of skilled professionals andnfrastructure in developing and underdeveloped countries are predicted to hamper market growth.
Veterinary Ventilators Industry Segmentation
As per the scope of the report, veterinary ventilators are devices used as an aid for animals that are not able to maintain ventilation on their own. There is a wide range of veterinary ventilators available in the market for different animals. The veterinary ventilators market is segmented by product (electro-pneumatic ventilators, mechanical ventilators, and other products), end user (veterinary hospitals and veterinary clinics), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions. The report offers all values in USD million for the above segments.
By Product | |
Electro-Pneumatic Ventilators | |
Mechanical Ventilators | |
Other Products |
By End-User | |
Veterinary Hospitals | |
Veterinary Clinics |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Veterinary Ventilators Market Size Summary
The veterinary ventilators market is poised for growth, driven by increasing animal health expenditures, a rising number of animal surgeries, and the growing prevalence of veterinary diseases. The market experienced a temporary setback due to the COVID-19 pandemic, which initially reduced visits to veterinary clinics and hospitals, impacting disease diagnoses for pets. However, as restrictions eased, the demand for veterinary ventilation surged, particularly due to the high incidence of pneumonia and other respiratory conditions in animals. Mechanical ventilators play a crucial role in supporting animals with severe lung diseases, and their advantages, such as improved prognosis and ease of breathing during procedures, are expected to propel market growth. Despite challenges like a shortage of skilled professionals in developing regions, the market is anticipated to expand, fueled by technological advancements and innovations in veterinary ventilator equipment.
In North America, the veterinary ventilators market is expected to maintain a significant share, with the United States leading due to increased pet insurance coverage and higher per capita animal healthcare spending. The trend of pet ownership and the corresponding rise in healthcare expenditures are also observed in Canada and Mexico, further driving market demand. The competitive landscape of the market features both local and regional players, with a focus on product innovation and geographical expansion. Key players include Avante Animal Health, Miden Medical, Midmark Corporation, and ICU Medical, Inc., among others. Recent developments, such as the opening of a state-of-the-art veterinary hospital in the UK and the establishment of India's first veterinary ventilator hospital, highlight the ongoing advancements and investments in the sector, supporting the anticipated growth of the market over the forecast period.
Veterinary Ventilators Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Growing Expenditure on Animal Health
-
1.2.2 Increasing Number of Animal Surgeries and Growing Prevalence of Veterinary Diseases
-
-
1.3 Market Restraints
-
1.3.1 Lack of Skilled Professionals
-
1.3.2 Lack of Infrastructure in Developing and Under-developed Countries
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD million)
-
2.1 By Product
-
2.1.1 Electro-Pneumatic Ventilators
-
2.1.2 Mechanical Ventilators
-
2.1.3 Other Products
-
-
2.2 By End-User
-
2.2.1 Veterinary Hospitals
-
2.2.2 Veterinary Clinics
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Italy
-
2.3.2.5 Spain
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 South Korea
-
2.3.3.6 Rest of Asia-Pacific
-
-
2.3.4 Middle East and Africa
-
2.3.4.1 GCC
-
2.3.4.2 South Africa
-
2.3.4.3 Rest of Middle East and Africa
-
-
2.3.5 South America
-
2.3.5.1 Brazil
-
2.3.5.2 Argentina
-
2.3.5.3 Rest of South America
-
-
-
Veterinary Ventilators Market Size FAQs
What is the current Veterinary Ventilators Market size?
The Veterinary Ventilators Market is projected to register a CAGR of 6.01% during the forecast period (2024-2029)
Who are the key players in Veterinary Ventilators Market?
Miden Medical, Midmark Corporation, Vetronic Services Ltd, ICU Medical, Inc. (Smiths Medical) and Avante Animal Health (DRE Veterinary) are the major companies operating in the Veterinary Ventilators Market.