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What Is the Forecast for the Veterinary Oxygen Therapy Market from 2024 to 2025?

Over the past years, the veterinary oxygen therapy market has seen a robust growth. The market is projected to 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 experienced in this market can be linked to factors such as an amplified demand for veterinary services, increased spending in pet healthcare, prevalence of respiratory illnesses in pets, higher demand for portable oxygen therapy solutions, and an increased consciousness regarding animal welfare.

What Is the Projected Market Size of the Veterinary Oxygen Therapy Market?

The market size for veterinary oxygen therapy is forecasted to witness robust expansion in the upcoming years, growing to a value of $1.74 billion by 2029, responding to a compound annual growth rate (CAGR) of 8.3%. The expected growth in this period can be attributed to the rising number of pet owners, increased uptake of pet insurance, surging instances of unusual canine infectious respiratory illness, growing numbers of vet clinics and hospitals, and a heightened inclination towards home healthcare. The forecast period will also see key trends including advancements in technology within the veterinary oxygen therapy sector, developments in vet surgical equipment, the production of portable and cost-effective oxygen concentrators, product innovation with improved features as well as the advancing respiratory support systems.

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Who are the Major Competitors in the Veterinary Oxygen Therapy Market Outlook?

Major companies operating in the veterinary oxygen therapy market are Atlas Copco AB, Smiths Group, Fisher & Paykel Healthcare, Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., CAIRE Inc., Wag Labs Inc., Veterinary Specialty Center, Burtons Medical Equipment Ltd., Longfian Scitech Co. Ltd., CalOx Inc., Shinova Systems Co. Ltd., Vetland Animal Health Services Private Ltd., Airnetic LLC, Imex Medical Limited, RWD Life Science Co. Ltd., AEOLUS International Pet Products LLC, Pawprint Oxygen, New Veterinary Equipment, Avante Animal Health Inc., Vetamac Inc.

What Is Fueling Growth in the Veterinary Oxygen Therapy Market?

The surge in pet ownership is projected to stimulate the expansion of the veterinary oxygen therapy market. This surge can be tied to various aspects like societal trends, urban growth, and the delay of parenthood among the younger generation. Veterinary oxygen therapy serves as a vital resource for pets having respiratory issues, assuring pet owners by guaranteeing their cherished pets get the necessary oxygen for a quicker, less distressing recovery. For instance, the American Pet Products Association, a non-profit based in the US, indicated that in October 2023, there were 86.9 million households with pets in the US, which equates to 66% of households in 2022. Moreover, according to Animal Medicines Australia, an association representing animal health based in Australia, revealed that in November 2022, 69% of Australia’s households in 2022 had pets. Hence, the escalating trend of pet adoption is stimulating the growth of the veterinary oxygen therapy market.

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Which Veterinary Oxygen Therapy Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Veterinary Oxygen Therapy Market?

Leading firms in the animal oxygen treatment market are prioritizing technological innovations such as tri-vent technology to enhance oxygen supply and management for animals. This not only benefits the animals, but also simplifies the process for veterinarians and guarantees improved results for both pets and farm animals. The tri-vent technology is distinguished by its three-vent design that enhances air circulation, averts carbon dioxide accumulation, and augments safety by enabling better oxygen dispensation and exhaling management. An example of this is the PureVent Pet Oxygen Mask, unveiled by Pawprint Oxygen, a US oxygen solution provider, in April 2023. This unique mask is meant for pets struggling with respiratory issues and has a three-sided ergonomic design that boosts oxygen supply while reducing harmful gas rebreathing. It’s proven to be extremely effective for pets with conditions like congestive heart failure, asthma, and laryngeal paralysis. The tri-vent system has three strategically positioned vents to let exhaled carbon dioxide exit without melding with incoming oxygen, reportedly decreasing CO2 re-inhalation by up to 80%. The PureVent Pet Oxygen Mask is a significant breakthrough in animal healthcare, providing a secure and more effective method for oxygen administration to pets, while ensuring their safety and comfort.

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Which Countries Are Leading the Veterinary Oxygen Therapy Market?

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.

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This Report Delivers Insight On:

1. How big is the veterinary oxygen therapy market, and how is it changing globally?

2. Who are the major companies in the veterinary oxygen therapy market, and how are they performing?

3. What are the key opportunities and risks in the veterinary oxygen therapy market right now?

4. Which products or customer segments are growing the most in the veterinary oxygen therapy market?

5. What factors are helping or slowing down the growth of the veterinary oxygen therapy market?

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