Veterinary Oxygen Concentrator Market size was valued at USD 125 Million in 2024 and is forecasted to grow at a CAGR of 8.5% from 2026 to 2033, reaching USD 250 Million by 2033.
The Veterinary Oxygen Concentrator Market in South Korea is experiencing significant growth, driven by the increasing demand for advanced animal healthcare solutions. In 2023, this market generated revenues of approximately USD 14.7 million and is projected to reach USD 27.0 million by 2030, reflecting a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030.
Within this market, veterinary oxygen concentrators have emerged as the leading product segment, accounting for 84.35% of the revenue share in 2023. This dominance is attributed to technological advancements in these devices and a heightened focus on animal health. The accessories segment is also anticipated to witness substantial growth during the forecast period.
Several factors contribute to the expansion of the Veterinary Oxygen Concentrator Market in South Korea:
Rising Pet Ownership: An increase in pet adoption has led to a greater demand for veterinary services and equipment.
Advancements in Veterinary Care: Continuous improvements in veterinary surgical techniques necessitate the use of sophisticated equipment like oxygen concentrators.
Growing Awareness of Animal Health: Pet owners are increasingly prioritizing the health and well-being of their animals, leading to more frequent veterinary visits and treatments.
In terms of industry requirements, veterinary clinics and hospitals are seeking oxygen concentrators that are:
Portable and User-Friendly: Devices that are easy to transport and operate are essential for both in-clinic use and field operations.
Technologically Advanced: Features such as digital monitoring and control systems enable precise oxygen delivery and real-time tracking.
Energy-Efficient and Eco-Friendly: There is a growing preference for devices that minimize environmental impact and reduce operational costs.
Manufacturers are responding to these needs by developing innovative products that cater to the specific demands of South Korean veterinary professionals. The market is characterized by a high degree of innovation, with companies investing in research and development to introduce more efficient, durable, and cost-effective oxygen concentrators.
Key players in the global Veterinary Oxygen Concentrator Market include VETLAND MEDICAL SALES & SERVICES, LLC, Airnetic, LLC, CAIRE Inc., Longfian Scitech Co., Ltd., IMEX MEDICAL LIMITED, RWD Life Science Co., Ltd., AEOLUS International Pet Products, LLC., Koninklijke Philips N.V., Drive DeVilbiss International, and Shinova Systems. These companies are expanding their presence in the South Korean market through strategic partnerships and product launches.
The outlook for the Veterinary Oxygen Concentrator Market in South Korea is positive, with continued growth anticipated due to the factors mentioned above. As the market evolves, it is expected that further innovations and improvements in product offerings will meet the increasing demands of the veterinary industry, ultimately enhancing the quality of animal healthcare in the region.
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Inogen
CAIRE
Yuyue Medical
Invacare
Teijin Pharma
Philips
DeVilbiss Healthcare
ResMed
O2 Concepts
Air Water Group
Nidek Medical
GF Health Products
Daikin
Longfei Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Veterinary Oxygen Concentrator Market
Portable Veterinary Oxygen Concentrators
Stationary Veterinary Oxygen Concentrators
Liquid Oxygen Systems
Oxygen Cylinders
Accessories and Consumables
Veterinary Clinics
Animal Hospitals
Homecare Settings
Research Laboratories
Animal Shelters and Zoos
PSA (Pressure Swing Adsorption) Technology
Membrane Separation Technology
Zeolite-based Oxygen Concentrators
Cryogenic Separation Technology
Advanced Filtration Systems
Respiratory Therapy for Pets
Oxygen Support for Surgical Procedures
Critical Care and Emergency Treatments
Rehabilitation and Recovery
Research and Development in Veterinary Medicine
Direct Sales
Online Retailers
Veterinary Supply Companies
Third-party Distributors
Healthcare Equipment Rental Services
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Veterinary Oxygen Concentrator Market Research Analysis
1. Introduction of the South Korea Veterinary Oxygen Concentrator Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Veterinary Oxygen Concentrator Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Veterinary Oxygen Concentrator Market, By Type
6. South Korea Veterinary Oxygen Concentrator Market, By Application
7. South Korea Veterinary Oxygen Concentrator Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Veterinary Oxygen Concentrator Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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