Veterinary Anesthesia Drugs Market - Introduction
Anesthesia is a state of temporary loss of sensation or awareness that is required for medical purposes. It could be used for analgesia, unconsciousness, amnesia, or paralysis. Veterinary anesthesia is used for animals of all types such as cats, cattle, dogs, horses, goats, and pigs. The administration of anesthesia on animals is generally performed by a registered veterinary technician. Most animals are likely to become restless due to certain therapeutic procedures. Hence, anesthesia is used in these instances.
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Global Veterinary Anesthesia Drugs Market - Drivers, Restraints, Trends
- The global veterinary anesthesia drugs market is driven by increase in pet adoption and rise in number of veterinary surgical procedures. Additionally, increase in incidence of chronic diseases in companion animals and surge in cases of accidental injuries in animals are the other factors that boost the growth of the global market. Introduction of advanced features in anesthesia machines such as new graphical screens, clear picture offering loops, and ventilation mode by manufacturers is expected to fuel the growth of the global market.
- Surge in pet adoption trends, pet bonding, and rise in veterinary care consumption are likely to augment the global veterinary anesthesia machines market
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- Adoption of veterinary equipment among veterinarians has increased due to advancements in drug development procedures in the field of animal medicine. For example, in 2018, the Center for Veterinary Medicine approved anesthetic Alfaxan, an intravenous injectable that provides extended product shelf life.
- Rise in prevalence of oral diseases in pet animals and increase in focus on animal health care are projected to drive the global veterinary anesthesia drugs market in the next few years. However, oral issues among cats and dogs have always been a challenge for veterinarians.
- High prices of veterinary anesthetic equipment also acts as a restraint of the global market. It is expensive for small veterinary clinics and hospitals to purchase and maintain anesthesia equipment, which hampers the growth of the global veterinary anesthesia drugs market. However, high price of equipment can be attributed to advanced technology used in the equipment.
- An increasing number of new products are being introduced by manufacturers of anesthesia equipment, offering solutions to problems such as power failure, battery failure, and failure of electronic components. Additionally, the manufacturers of veterinary anesthesia equipment are required to adhere to stringent regulations set by regulatory bodies. For example, the U.S. Food and Drug Administration’s (FDA) Center for Veterinary Medicine (CVM) regulates the veterinary devices market in the U.S. It issues guidelines with respect to manufacturing, procuring, packaging, branding, selling, and usage of medical devices and encourages veterinarians and pet owners to report defects in veterinary medical equipment.
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COVID19 Impact
- The COVID 19 pandemic has had an unprecedented impact on businesses across industries. Overall, almost every sector is anticipated to be affected by the pandemic.
- Contactless payment processing, taking patient history by phone or virtually, and drive-thru pick-up and drop-off are practices to be followed during the pandemic
- Clinical activities have shifted, with home visits and routine checkups typically reducing or stopping altogether in most regions of the world
North America to dominate Global Veterinary Anesthesia Drugs Market
- North America accounted for the dominant share of the global veterinary anesthesia drugs market in 2020. Increase in pet ownership in the U.S. has driven demand for animal health care services. Moreover, surge in incidence of chronic diseases and injuries among pets is likely to accelerate the demand for anesthesia and related products in the region.
- The market in Asia Pacific is projected to grow at a rapid pace during the forecast period. This can be attributed to increase in pet adoption and rise in demand for animal health services.
- Japan is anticipated to witness high demand for veterinary surgeries, as it is witnessing a rise in population of elderly pets, as the mean age of several dogs and cats is 12 to 13 years
- According to Japan Pet Food Association statistics, Japan had 9.52 million adopted cats and 8.92 million adopted dogs in 2017
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Key Players in Global Veterinary Anesthesia Drugs Market
- Patterson Vet Supply, Inc.
- Kent Scientific Corporation
- Midmark Corporation
- Vetronic Services
- Vetland Medical Sales and Services
- Others
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