APAC Market Statistics
The Asia Pacific industry is likely to hold largest revenue share by 2037, as rise in the adoption of domestic animals in the region will increase the usage of veterinary anesthesia equipment for treatment and other medical processes. Around 61 million urban Chinese people kept cats or dogs as pets in 2020, up from about 60 million the year before. Further, an increase in awareness regarding animal care, along with the rising focus on pet care and the development of better treatment facilities, is also expected to boost the growth of the market in this region. In addition to the other growth factors, the recent improvement in the healthcare infrastructure in Asian economies for animals is also considered to drive market growth in the region. Moreover, the rising government policies to protect the animals and provide carem along with the high investment made in the research and development sector to introduce new veterinary anesthesia equipment for better treatment options are also forecasted to adopt veterinary anesthesia equipment in the next few years.
Author Credits: Radhika Pawar
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