Veterinary Ventilators Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Veterinary Ventilators market in 2021?

The global veterinary ventilators market is expected to have a growth rate of 5.2% CAGR from 2021 to 2026. As a result, the market is anticipated to reach USD 125.4 million by 2026.

COVID-19 Impact on the Veterinary Ventilators Market

The COVID-19 pandemic had a significant impact on the veterinary ventilators market. With the outbreak of the virus, there was an increased demand for ventilators to treat COVID-19 patients, leading to a temporary shortage of ventilators for veterinary use. However, as the situation stabilized, the market witnessed a surge in demand for veterinary ventilators as pet owners became more conscious of their pets' health.

Veterinary Ventilators Dynamics

The veterinary ventilators market is driven by factors such as the increasing prevalence of respiratory diseases in animals, the growing pet population, and the rise in pet healthcare expenditure. Technological advancements in veterinary ventilators, such as portable and wearable ventilators, are also fueling market growth.

Segments and Related Analysis

The veterinary ventilators market can be segmented based on type, mode of ventilation, end-user, and region. Types of ventilators include portable ventilators, standalone ventilators, and others. Modes of ventilation include invasive ventilation and non-invasive ventilation. End-users of veterinary ventilators include veterinary hospitals, clinics, and others.

By Region Analysis

The veterinary ventilators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share due to the presence of key market players, high pet ownership rates, and increasing investments in pet healthcare. Europe and Asia Pacific are also witnessing significant growth in the veterinary ventilators market.

Key Market Players and Competitive Landscape

Key market players in the veterinary ventilators market include B. Braun Vet Care GmbH, Midmark Corporation, Vetronic Services Ltd., Hallowell Engineering & Manufacturing Corporation, Patterson Companies Inc., Sirakoss Ltd., Vetland Medical Sales & Services, and others. These players are focusing on product innovations, strategic partnerships, and mergers & acquisitions to gain a competitive edge in the market.

Recent Happenings in the Veterinary Ventilators Market

In recent years, there have been several developments in the veterinary ventilators market. For example, B. Braun Vet Care GmbH launched a new range of portable ventilators for veterinary use. Additionally, Midmark Corporation introduced a novel ventilator system with advanced features for improved patient care. These developments indicate the growing focus on innovation and technological advancements in the veterinary ventilators market.