The Global Veterinary Anesthesia Equipment Market Will Reach $0.4 Billion By 2022
The global veterinary anesthesia equipment market was valued at about $0.25 billion in 2018 and is expected to grow to around $0.4 billion at a growth rate of around 10% through 2022.
However, the high prices of veterinary anesthetic equipment is acting as a restraint on the market. It is expensive for small veterinary hospitals and clinics to buy and maintain anesthesia equipment, thereby limiting market penetration. High price of the equipment can be attributed to advanced technology used in the equipment.
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The veterinary anesthesia equipment market consists of sales of veterinary anesthesia equipment and related services. Veterinary anesthesia equipment is used to deliver anesthetic agents into patients’ bodies to prevent the pain or discomfort during surgical procedures.
Important players in the market are JD medical, Midmark Corporation, Smiths medical, Mindray Medical and Kent Scientific.
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Manufacturers of veterinary anesthesia equipment are introducing products with advanced features to provide safe and reliable treatment. The new products being introduced offer solutions to problems like power failure, battery failure or exhaustion and failure of electronic components. Companies such as DRE veterinary and Supera have been investing in introducing anesthetic machines with safety features.
The veterinary healthcare market, of which the veterinary anesthesia equipment market is a segment, includes sales of goods and healthcare by entities (organizations, sole traders and partnerships) associated with diagnosis, treatment and prevention of diseases in animals. This industry includes establishments that provide veterinary healthcare, veterinary medical equipment producers and animal medicine producers.
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The veterinary anesthesia equipment market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider veterinary healthcare market and compares it with other markets.
