Veterinary Anesthesia Equipment Market Trends

Growth Drivers

• Growing Pet Population - As the pet population has increased, the demand for quality veterinary services is also increasing. People have become more concerned about their pet’s health. Hence, owing to this, the utilization rate of veterinary anesthesia equipment is expected to grow considerably in the forecast period. In 2018, the population of pet dogs in India was estimated to be around 18 million. By the end of 2023, it was anticipated that the population will exceed 30 million.

• Growing Cases of Accidental Injuries in Animals – Approximately 11,900 stray animals, including dogs, cats, cattle, and goats, suffered injuries in traffic incidents in India from 2011–12 to July 2019.

• Rapid Urbanization & Increase in Disposable Income - In the last ten years, China's urbanization rate has increased significantly, from 32.93% in 2007 to 60.6% in 2019 and 65.5% in 2025, respectively.

• Growing Expenditure on Pet Health Insurance - The adoption rate of pet health insurance in the United States is 2.3% for dogs and 0.4% for cats, according to the North American Pet Health Insurance Association (NAPHIA).

• Surge in Number of Veterinary Established - In India, there were close to 10,000 veterinary facilities and polyclinics during the fiscal year 2021.

Challenges

• High Cost of Veterinary Products - Veterinary products usually carry huge prices hence making it difficult for people to afford them. Also, their distribution in rural is less owing to a low level of awareness about its advantages. Hence, owing to these factors the growth of the global veterinary anesthesia equipment market is expected to hinder.
• Lack of Awareness
• Low Adoption Rate of Veterinary Infrastructure in Rural Part