Overview and Scope
Veterinary surgical instruments refer to hand-held tools or implements that help veterinarians and assistants to perform surgery and extend the life of pets. Veterinary surgical instruments allow doctors to open the soft tissue, remove the bone, dissect and isolate the lesion, and remove or repair the aberrant structures as a part of treatment
Sizing and Forecast
The veterinary surgical instruments market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to expansion of veterinary practices, regulatory standards and quality assurance, improved veterinary education, focus on specialized surgeries..
The veterinary surgical instruments market size is expected to see strong growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing pet healthcare spending, growing demand for specialty instruments, rise in minimally invasive procedures, expanding veterinary services, focus on ergonomic designs.. Major trends in the forecast period include shift towards specialized instruments, advancements in veterinary medicine, rise in pet ownership, specialized veterinary surgeries, focus on minimally invasive techniques..
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Segmentation & Regional Insights
The veterinary surgical instruments market covered in this report is segmented –
1) By Product: Sutures, Staplers, And Accessories, Handheld Devices, Electrosurgery Instruments, Other Products
2) By Animal: Comapnion Animals, Farm Animals
3) By Application: Soft Tissue Surgery, Sterilization Surgery, Gynecology And Urology Surgery, Dental Surgery, Orthopaedic Surgery, Ophthalmic Surgery, Other Applications
North America was the largest region in the veterinary surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the veterinary surgical instruments market report during the forecast period. The regions covered in the veterinary surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of surgical procedures on pets is expected to propel the veterinary surgical instruments market going forward. A surgical procedure refers to a medical act that involves making an incision with instruments to treat a disease or repair damage to a living body. Veterinary surgical instruments allow surgeons to perform surgery by using the instruments for incision, dissection, and closing the wound. For instance, in 2021, according to the National Library of Medicine, a US-based biomedical library, the total number of spay-neuter surgeries for dogs and cats in the US increased by 11.78%, from 1,059,388 in 2020 to 1,184,274 in 2021. Therefore, the growing healthcare expenditure is driving the veterinary surgical instruments market.
Key Industry Players
Major companies operating in the veterinary surgical instruments market are adopting a strategic partnership approach for advanced surgical training in animal health. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in April 2022, Orthomed (UK) Limited, a UK-based manufacturing company of technically advanced implants and instruments, announced a partnership with Osso VR to introduce RoVR surgical training to the animal health sector for the first time. The purpose of this collaboration is for Orthomed and its parent company, Infiniti Medical, to provide a comprehensive library of veterinary operations utilizing Osso VR technology. Veterinarians will be able to use this technology to acquire muscle memory for improving performance, understanding, and confidence in numerous treatments. Allowing veterinarians to observe and rehearse an operation in virtual reality before conducting it on an animal enhances the likelihood of a successful outcome. Osso VR is a US-based surgical training company that uses virtual reality.
The veterinary surgical instruments market report table of contents includes:
1. Executive Summary
2. Veterinary Surgical Instruments Market Characteristics
3. Veterinary Surgical Instruments Market Trends And Strategies
4. Veterinary Surgical Instruments Market – Macro Economic Scenario
5. Global Veterinary Surgical Instruments Market Size and Growth
….
31. Global Veterinary Surgical Instruments Market Competitive Benchmarking
32. Global Veterinary Surgical Instruments Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Veterinary Surgical Instruments Market
34. Veterinary Surgical Instruments Market Future Outlook and Potential Analysis
35. Appendix
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