The Veterinary Surgical Instruments by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Veterinary Surgical Instruments, 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..
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.
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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
Product innovation is a key trend in the veterinary surgical instruments market. The development of innovative technological solutions is a major focus for the market players in veterinary surgical tools in order to improve their competitiveness. For instance, in March 2021, Axio Biosolutions, a US-based manufacturer of advanced surgical and wound care products, launched SureKlot range of veterinary wound management solution products. This enhanced wound care line provides India’s first complete veterinary wound management solution to aid in the control of bleeding and the rapid recovery of wounds in animals.
The veterinary surgical instruments market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- B Braun Vet Care GmbH
- Medtronic PLC
- Jorgen KRUUSE A/S
- Smiths Medical PLC
- Neogen Corporation
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