How is the Veterinary Oxygen Therapy Market Poised for Growth: Trends and Opportunities Through 2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Predicted Annual Growth Rate of the Veterinary Oxygen Therapy Market Over the Coming Decade?
The market for veterinary oxygen therapy has seen robust expansion in the last few years. The projection indicates that it will increase from $1.17 billion in 2024 to $1.27 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. The previous growth can be credited to the surging demand for veterinary services, expanded spending on pet healthcare, the common occurrence of breathing problems in pets, rising necessity for portable oxygen therapy methods, and heightened consciousness about the wellbeing of animals.
The market for veterinary oxygen therapy is anticipated to witness significant expansion in the coming years, expected to reach a market value of $1.74 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.3%. This projected growth can be traced to factors such as rising pet ownership, increased uptake of pet insurance, a higher prevalence of irregular canine respiratory infections, growth in veterinary hospitals, and a preference towards home healthcare. The forecasted period is also expected to see considerable trends such as advancements in veterinary oxygen therapy technology, improvements in veterinary surgical equipment, the creation of portable and affordable oxygen concentrators, the introduction of innovative products with superior features, and upgraded respiratory support systems.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Veterinary Oxygen Therapy Market?
The upward trajectory of pet adoption is predicted to fuel the expansion of the veterinary oxygen therapy market in the future. Factors such as societal shifts, urban development, and a delay in parenthood amongst the younger generation, contribute to the rise in pet ownership. Veterinary oxygen therapy serves as a vital resource for pets suffering from respiratory issues, providing pet owners with reassurance knowing their cherished pets are receiving the necessary oxygen needed for a speedy and comfortable recovery. The American Pet Products Association, a non-profit organization based in the US, reported in October 2023, that there were 86.9 million households in the US owning a pet, a figure which represents 66% of the households in 2022. Moreover, Animal Medicines Australia, an organization that advocates for animal health based in Australia, stated in November 2022, that in 2022, pets were owned by 69% of Australian households. Consequently, the rising trend in pet adoption propels the veterinary oxygen therapy market.
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What Are the Major Players Making an Impact in the Veterinary Oxygen Therapy Market’s Growth?
Major companies operating in the veterinary oxygen therapy market are:
• Atlas Copco AB_x000D_
• Smiths Group_x000D_
• Fisher & Paykel Healthcare_x000D_
• Jiangsu Yuyue Medical Equipment & Supply Co. Ltd._x000D_
• CAIRE Inc._x000D_
Which Upcoming Trends Are Set to Influence the Veterinary Oxygen Therapy Market’s Path Forward?
Trend 1:
Leading organizations operating in the veterinary oxygen therapy market are paying keen attention to technological innovations such as the tri-vent system to enhance oxygen distribution and control for animals, simplify usage for veterinary staff, and guarantee more effective treatment results for both pets and farm animals. Tri-vent technology boasts a structure with three vents created to amplify airflow, limit the accumulation of carbon dioxide, and heighten security by ensuring more proficient oxygen distribution and expiration management. As an illustration, Pawprint Oxygen, a US firm specializing in oxygen solutions, launched the PureVent Pet Oxygen Mask in April 2023. This specialized piece of equipment, designed for pets under respiratory duress, features a geometrically angled shape that enhances oxygen administration while reducing potentially dangerous gas re-inhalation. The mask is primarily useful for pets with conditions such as congestive heart failure (CHF), asthma, and laryngeal paralysis. The tri-vent mechanism, with its three purposefully positioned vents, allows expired carbon dioxide (CO2) to leave without blending with the incoming fresh oxygen, purportedly lowering CO2 re-inhalation by as much as 80%. The PureVent Pet Oxygen Mask signals a remarkable leap forward in veterinary healthcare, providing a more secure and effective method for supplying oxygen to pets while keeping their well-being and safety at the forefront.
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Which Key Segments of the Veterinary Oxygen Therapy Market Are Poised for Growth and Innovation?
The veterinary oxygen therapy market covered in this report is segmented –
1) By Product: Veterinary Oxygen Concentrator; Accessories
2) By Animal Type: Small Animals; Large Animals; Other Animal Types
3) By Application: Intensive Care Units (ICU); Homecare setting Or Postoperative Care; Other Applications
4) By End-User: Veterinary Hospitals; Veterinary Clinics; Other End-Users
Subsegments:
1) By Veterinary Oxygen Concentrator: Portable Oxygen Concentrators; Stationary Oxygen Concentrators; High-Flow Oxygen Concentrators
2) By Accessories: Oxygen Masks; Oxygen Tubing; Flow Meters and Regulators; Oxygen Cages and Chambers
What Regions Are Steering Growth in the Veterinary Oxygen Therapy Sector?
North America was the largest region in the veterinary oxygen therapy market in 2024. The regions covered in the veterinary oxygen therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Veterinary Oxygen Therapy Market Classified and Defined in Market Analysis?
Veterinary oxygen therapy is a medical treatment used in veterinary medicine to provide supplemental oxygen to animals experiencing respiratory distress, hypoxia (low blood oxygen levels), or other conditions affecting their ability to breathe effectively. The goal of oxygen therapy is to increase the oxygen concentration in the blood, helping vital organs function properly and supporting recovery from illness or injury.
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