Veterinary Ventilators Market Size, Share & Trends Analysis Report By Product (Electronic, Mechanical), By Application (Anesthesia, Resuscitation), By Type, By End Use, By Region, and Segment Forecasts, 2024 - 2030
Veterinary Ventilators Market Size, Share & Trends Analysis Report By Product (Electronic, Mechanical), By Application (Anesthesia, Resuscitation), By Type, By End Use, By Region, and Segment Forecasts, 2024 - 2030
Veterinary Ventilators Market Growth & Trends
The global veterinary ventilators market size is expected to reach USD 717.8 million by 2030 and is projected to grow at a CAGR of 3.1% during the forecast period, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing prevalence of respiratory and critical health conditions in animals. As pets are increasingly viewed as family members, there is a growing demand for advanced veterinary care, including sophisticated ventilatory support for treating respiratory disorders and during surgeries. This trend is particularly noticeable in developed regions and urban areas where pet owners are willing to invest more in their pets' health.
Moreover, the veterinary ventilator industry has seen significant technological advancements that have improved these devices' efficacy and ease of use. Modern veterinary ventilators are now more sophisticated, featuring advanced monitoring systems, automated settings, and user-friendly interfaces that allow for precise control of ventilation parameters. These innovations have made it easier for veterinarians to deliver tailored respiratory support, even in critical cases. Portable and lightweight ventilators have been developed, enabling their use in various settings, including mobile veterinary units, field operations, and emergencies. These portable devices are particularly beneficial in rural and remote areas, where access to fully equipped veterinary hospitals may be limited.
Veterinary Ventilators Market Report Highlights
The market is segmented by product into electronic, mechanical, pneumatic, electro-pneumatic, and others. The electronic segment held the largest share, more than 40.0%, in 2023 and is also expected to grow at the fastest CAGR during the forecast period due to the superior functionality, precision, and versatility of electronic ventilators compared to their mechanical and pneumatic counterparts.
The small animals segment held the largest share, more than 60.0%, in 2023. This growth is attributed to the high prevalence of respiratory and cardiovascular conditions in pets like dogs and cats.
In 2023, the anesthesia segment dominated the market, capturing a significant share of around 65.0%. It is also expected to grow at the fastest CAGR during the forecast period.
Based on end use, veterinary hospitals held the largest share, 58.0%, in 2023. The increasing need for advanced care drives this dominance, and these institutions provide specialized care equipped with cutting-edge technologies, including ventilators, which are essential for managing critical and complex cases.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Type
1.2.3. Application
1.2.4. End Use
1.2.5. Regional scope
1.2.6. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.4.5.1. Data for primary interviews in North America
1.4.5.2. Data for primary interviews in Europe
1.4.5.3. Data for primary interviews in Asia Pacific
1.4.5.4. Data for primary interviews in Latin America