Veterinary Surgical Instruments Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3700
Growing demand for veterinary surgical instruments is attributed to rising companion animal population in developed as well as developing countries. Favorable pet insurance policies, growing animal health awareness levels and rising animal healthcare expenditure will serve to be impact rendering factors in the business growth. Moreover, growth in the number of veterinary surgeons and animal hospitals will favor industry growth. Surge in the number of soft tissue injuries and trauma cases among pets will further stimulate the veterinary surgical instruments market growth.
Technological advancement in veterinary surgical instruments is expected to accelerate the veterinary surgical instruments business growth. Increasing R&D investment for developing advanced products for veterinary care will further spur the business revenue. However, high procedure cost and stringent regulatory policies may impede veterinary surgical instruments industry growth over the forthcoming years.
Sutures, staplers and accessories segment accounted for momentous revenue share in 2018 and is projected to witness similar trend during the forecast period. Segment growth is attributed to increasing demand for orthopedic implants due to accidental injuries among animals.
Small animals segment held considerable revenue share in 2018 and is estimated to show lucrative growth by 2025. Increasing disease prevalence and surging cases of accidental injuries is foreseen to boost the segment growth. Growing adoption of pets including cats and dogs and increasing spending on animal health will positively impact segment growth.
Dental surgery application segment accounted for substantial revenue share in 2018 and is poised to show robust CAGR over the coming years. Segment growth is attributable to growing awareness among pet owners pertaining to oral health of the pets. Moreover, rising prevalence of periodontal diseases coupled with availability of technologically advanced dental devices is expected to upsurge segment growth during the forthcoming years.
North America veterinary surgical instruments market held significant revenue share in 2018 and is to show similar growth over the analysis period. Regional growth is attributed to rising number of companion animals along with awareness regarding animal diseases. Surge in the number of veterinary practitioners and progress in the pet insurance market will further drive the regional business growth.
Asia Pacific veterinary surgical instruments is anticipated to exhibit substantial growth over the forecast period owing to rising livestock population in the region. Increasing pet adoption, growing awareness about animal health and rising animal health expenditure will further augment Asia Pacific veterinary surgical instruments market.
Some of the major industry players operating in the veterinary surgical instruments industry includes B. Braun, Medtronic, Ethicon, Smiths Group, Integra LifeSciences, STERIS Corporation, World Precision Instruments, Surgical Direct, DRE Veterinary and Sklar Surgical Instruments. Strategic partnership, acquisition and novel product launch are some of the strategies adopted by industry players to gain more market share and sustain competition.
Veterinary Surgical Instruments Market, By Product, 2014-2025 (USD Million)
- Handheld devices
- Surgical scissors
- Hooks & retractors
- Electrosurgery instruments
- Sutures, staplers and accessories
Veterinary Surgical Instruments Market, By Animal Type, 2014-2025 (USD Million)
- Small animals
- Large animals
Veterinary Surgical Instruments Market, By Application, 2014-2025 (USD Million)
- Soft tissue surgery
- Sterilization surgery
- Gynecology & urology surgery
- Dental surgery
- Orthopedic surgery
- Ophthalmic surgery
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- B. Braun
- Smiths Group
- Integra LifeSciences Holdings Corporation
- STERIS Corporation
- World Precision Instruments
- Surgical Direct
- DRE Veterinary
- Sklar Surgical Instruments
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