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Veterinary Surgical Instruments Market Size By Product (Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors, Trocars & Cannulas, Electro-surgery Instruments), By Animal Type (Small & Medium Animals, Large Animals), By Application (Dental Surgery, Orthopedic Surgery, Neurosurgery, Ophthalmic Surgery), By End-use (Veterinary Clinics, Veterinary Hospitals, Research Centers & Academia), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI3700
  • Published Date: Jul 2022
  • Report Format: PDF

Industry Overview

Veterinary Surgical Instruments Market size accounted for over USD 1.1 billion in 2021 and is estimated to grow with a CAGR of 7.8% between 2022 and 2030, driven by growing technological advancement in animal surgical instruments.
 

Veterinary Surgical Instruments Market

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The significantly growing pet population is key contributing factor in the market growth. With the rise in number of pet adoption, there is increasing focus of pet parents to provide quality care to their pets. Also, several life-threatening diseases in pets are required to be treated by performing complicated surgeries. Furthermore, the veterinary surgical instruments have seen drastic modernization in recent years. Many advanced surgical tools and procedures are being adopted from human medical and surgical practices. Such advances have given rise to better, efficient, and quick veterinary surgeries with great accuracy.
 

The emergence of COVID-19 pandemic had put forth huge challenges on the veterinary care sector. Several elective surgeries, procedures and visits were postponed due to restrictions on the mobility of the population and increasing number of COVID1-9 cases in 2020. Moreover, only few of the emergency veterinary hospitals were addressing limited and emergency cases and were restricting client access to hospitals.
 

As a result of procedural deferral, various companies witnessed a dip in the sales of surgical products, thereby significantly impacting the market growth in 2020. However, with the launch of new vaccines and continuation of animal surgical procedures, the veterinary surgical instruments market is expected to resume to pre-COVID levels from 2021 onwards.
 

Increasing animal healthcare expenditure is expected to contribute significantly to the business landscape

Growing adoption of pet animals for companionship coupled with increasing expenditure of animal healthcare are few of the major factors leading to growth of veterinary surgeries. For instance, as per the American Pet Products Association's 2021-2022 National Pet Owners Survey, in 2021, about USD 583 and USD 343 was spent annually in U.S. on surgical veterinary services for dogs and cats, respectively.
 

Thus, high expenditure on pet care and veterinary services is anticipated to be the major factor leading to market growth across the forecast timeframe. Furthermore, high demand for veterinary surgical services due to growing number of trauma and soft tissue injuries will be further fostering the veterinary surgical instruments market share.
 

High cost of veterinary surgeries can potentially hamper the market statistics

High cost associated with the veterinary surgeries can potentially limit the overall market growth of veterinary surgical instruments. Pet animals as well as other large animals require surgery for several reasons such as spay & neutering, oral surgery, hip dysplasia surgery etc. and the expenses can vary greatly depending on the procedure.
 

For instance, hip dysplasia cost around USD 8,000, cataract surgery cost between USD 1,000 – USD 3,000 and chemotherapy charges over USD 5,000 during veterinary treatment. However, several other factors can contribute to the varying surgery cost such as procedure type, age of the pet, breed, and animal size, cost of veterinary surgical instruments used and whether treatment is performed by specialty vet.
 

Huge benefits associated with the use of electro-surgery instruments is expected to escalate the industry development

Global Veterinary Surgical Instrument Market Share, By Product

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Based on product, the electro- surgery instruments segment accounted for 25.4% market proportion and is anticipated to remain dominant throughout the forecast period. High growth is attributed to various advantages associated with electrosurgery instruments such as easy handling, high accuracy and sensitivity coupled with reduced damage to surrounding tissue. Further, these instruments utilize electric currents to cut and coagulate tissues and have accessibility in areas that are difficult to reach with scalpel surgery. It is extremely useful for saving life of animals by offering high precision with small incision. Thus, benefits and minimal risk associated with the use of electro-surgery instrument is expected to foster the veterinary surgical instruments market demand.
 

Rising adoption rates of pets along with growing pet insurance volume will drive the market forecasts

Based on animal type, the veterinary surgical instruments market is divided into small & medium animals, and large animals. The small & medium animals segment accounted for over USD 718.8 million market revenue in 2021 and is expected to register considerable growth throughout the forecast period. The significantly rising pet adoption trends along with the growing expenditure on the pet care by their owners is expected to spur the market growth.
 

For instance, according to the North American Pet Health Insurance Association (NAPHIA)’s State of the Industry Report 2022, the total premium pet insurance volume in the U.S. was near to USD 2.6 billion (28% increase from 2020) in 2021. Hence, availing pet insurance will help pet parents to decrease their out-of-pocket expense.
 

Increased necessity for dental care among pets is expected to fuel the segmental expansion

Based on application, the dental surgery segment accounted for a significant market proportion in 2021 and is expected to register nearly 7.5% CAGR between 2022 to 2030. Dental care is an important aspect of pet health, as poor dental health can lead to various other health issues in pets. Pets tend to become irritable as they begin to have dental problems. They may show signs of dental conditions such as periodontal and gingivitis disease which is most common in cats and dogs.
 

For instance, as per the American Veterinary Dental College, majority of pet dogs and cats aged above three years are affected with dental disorders. Therefore, the dental care for pets is extremely essential for overall pet health. Thus, the necessity for dental care in pets will surge the dental surgery volume.
 

Thorough pet health examinations and usage of unique veterinary surgical tools is noted to primarily drive the clinics segment outlook

Based on end-use, the veterinary clinics segment accounted for USD 646.3 million market revenue in 2021. Growing number of veterinary clinics coupled with better patient outreach are major factors for growth of veterinary clinics segment. Also, the clinics is noted to witness huge number of visits in case of any problems with the animal or animal’s annual check-up. This includes complete physical examination, with robust investigation of pet's head, body and tail, and all assorted cavities including emergency surgery if required.
 

Growing pet population along with prevalence of zoonotic diseases in North America is expected to fuel the product demand

Global Veterinary Surgical Instrument Market, By Region

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North America dominated the veterinary surgical instruments market value, contributing USD 459.6 million in 2021 and is anticipated to register a lucrative growth throughout the forecast period. The growing pet adoption rate along with increasing number of skilled veterinary practitioners is driving the regional market growth. For instance, as per the statistics of American Pet Products Association 2021-2020 National Pet Owners Survey, approximately 90.5 million households in U.S. have a pet with a count nearly to 69 million dogs and 45.3 million cats.
 

Similarly, the prevalence of zoonotic diseases such as west nile virus, rabies and zoonotic influenza among others have significantly increased the demand for veterinary services in the North American region. Thus, rising demand for pet insurance coupled with growing prevalence of various disorders that require surgical procedures will significantly drive regional veterinary surgical instruments market revenue.
 

Adoption of several business strategies escalate the growth opportunities for companies operating in the market

Prominent market players operating in the veterinary surgical instruments industry include B. Braun Vet Care, Sklar Surgical Instruments, Neogen Corporation, Vimian Group and GerMedUSA, among others. These market players opt for various inorganic growth strategies such as partnerships, collaborations, mergers and acquisitions and product launch to create a global footprint and industry competition.
 

Some of the recent industry developments:

  • In April 2022, Movora, a business division of Vimian Group, acquired two product portfolios of veterinary surgical instruments and orthopedic implants in the U.S. This strategy helped the company to enter into new product category and enhanced their product portfolio of orthopedic implants along with strengthening its veterinary surgical instruments market position.
     
  • In September 2019, Jorgensen Laboratories launched its surgical staplers for veterinary surgical procedures. This product launch enabled the company to add value to its existing product portfolio and aid in revenue generation.
     

The veterinary surgical instruments market report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2022 to 2030, for the following segments:

By Product

  • Sutures & Staplers
  • Forceps
  • Scalpels
  • Surgical Scissors
  • Hooks & Retractors
  • Trocars & Cannulas
  • Electro-Surgery Instruments
  • Others

By Animal Type

  • Small & Medium Animals
  • Large Animals

By Application

  • Dental Surgery
  • Orthopaedic Surgery
  • Neurosurgery
  • Ophthalmic Surgery
  • Others

By End-use

  • Veterinary Clinics
  • Veterinary Hospitals
  • Research Centers & Academia

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The global veterinary surgical instruments industry size had reached over USD 1.1 billion in 2021 and is poised to record a CAGR of 7.8% between 2022-2030 with the increasing technological advancements in animal surgical instruments.

The electro- surgery instruments product segment held close to 25.4% share of the veterinary surgical instruments industry and will see expansion with the need for easy handling, high accuracy, and sensitivity as well as reduced damage to the surrounding tissues.

The veterinary surgical instruments industry share from dental surgery applications is projected to record nearly 7.5% CAGR between 2022-2030 with the rising burden of periodontal and gingivitis diseases in cats and dogs.

Major companies in the global veterinary surgical instruments industry are Neogen Corporation, B. Braun Vet Care, GerMedUSA, Vimian Group, and Sklar Surgical Instruments, among some others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 237
  • Countries covered: 15
  • Pages: 150

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