Veterinary Oxygen Therapy Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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What key factors are powering the surge in the veterinary oxygen therapy market right now?
The market size of veterinary oxygen therapy has seen significant growth in the past few years. The projection shows that the market, which is worth $1.17 billion in 2024, will escalate to $1.27 billion by 2025, maintaining a compound annual growth rate (CAGR) of 8.4%. This growth during the historic period is associated with factors like the escalating demand for veterinary services, increase in healthcare expenditure for pets, the dominance of respiratory diseases in pets, the rising demand for portable oxygen therapy solutions, and heightened consciousness about animal welfare.
How fast Is the veterinary oxygen therapy market expected to grow, and what’s its future value?
Anticipations suggest a robust growth trajectory for the veterinary oxygen therapy market in the upcoming years, with projections indicating a value is of $1.74 billion by 2029 and a compound annual growth rate (CAGR) of 8.3%. Key drivers for this growth during the forecast period include an upsurge in pet ownership, a rise in the uptake of pet insurance, an increased occurrence of unorthodox canine infectious respiratory diseases, expansion of veterinary clinics and hospitals, and a growing inclination towards residential healthcare. Emerging trends likely to be prominent during the forecast interval comprise of advancements in veterinary oxygen therapy technology, progression in veterinary surgical equipment technology, the invention of cost-efficient and portable oxygen concentrators, the introduction of enhanced and innovative products, along with advanced respiratory support systems.
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What are the leading drivers of growth in the veterinary oxygen therapy market?
The upswing in pet adoption is projected to boost the expansion of the veterinary oxygen therapy market. The rise in pet adoption can be tied back to several factors, including social changes, urban development, and younger adults opting to postpone having children. Veterinary oxygen therapy is crucial for pets suffering from respiratory ailments, offering peace of mind to pet owners by guaranteeing their cherished pets get the necessary oxygen aid for quicker, easier recuperation. For example, in October 2023, the American Pet Products Association, a non-profit establishment based in the US, reported that 86.9 million US households owned a pet, equating to 66% of households in 2022. Additionally, Animal Medicines Australia, an association advocating for animal health based in Australia, revealed in November 2022 that 69% of households in Australia had pets in 2022. Consequently, the rising tendency of pet adoption is bolstering the veterinary oxygen therapy market.
What are the key segments defining the veterinary oxygen therapy market?
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
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Who are the key players steering the development of the veterinary oxygen therapy market?
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 are the key trends shaping the future of the veterinary oxygen therapy market?
Major companies in the veterinary oxygen therapy market are focusing on technological advancements, such as tri-vent technology, to improve oxygen delivery and management for animals, enhance ease of use for veterinarians, and ensure better treatment outcomes for pets and livestock. Tri-vent technology features a design with three vents to optimize airflow, prevent carbon dioxide buildup, and improve safety by facilitating more effective oxygen delivery and exhalation management. For instance, in April 2023, Pawprint Oxygen, a US-based oxygen solutions company, introduced the PureVent Pet Oxygen Mask, a specialized device designed for pets in respiratory distress. The mask features a triangular ergonomic shape that improves oxygen delivery while minimizing harmful gas rebreathing. This design is particularly effective for pets suffering from conditions such as congestive heart failure (CHF), asthma, and laryngeal paralysis. The tri-vent system, with three strategically placed vents, allows exhaled carbon dioxide (CO2) to escape without mixing with incoming oxygen, reportedly reducing CO2 rebreathing by up to 80%. The PureVent Pet Oxygen Mask represents a significant advancement in veterinary care, offering a safer and more efficient solution for administering oxygen to pets while ensuring their comfort and safety.
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Which regions are most influential in expanding 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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