The global veterinary surgical instruments market was valued at USD 1.5 billion in 2021 and it is anticipated to grow up to USD 2.6 billion by 2031, at a CAGR of 5.5% during the forecast period.
New York, According to a new market research report published by Global Insight Services “Veterinary Surgical Instruments Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Veterinary surgical instruments are tools that are used to perform surgery on animals. These instruments can be used to perform a variety of different procedures, including but not limited to: orthopedic surgery, soft tissue surgery, neurosurgery, and ophthalmic surgery. Veterinary surgeons use a variety of different instruments during surgery, and each instrument has a specific purpose.
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Market Trends and Drivers
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.
Market Restraints and Challenges
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.
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Veterinary Surgical Instruments Market Segmentation
By Product
- Sutures & Staplers
- Forceps
- Scalpels
- Surgical Scissors
- Hooks & Retractors
- Trocars & Cannulas
- Electro-Surgery Instruments
- Others
Major Players in the Global Veterinary Surgical Instruments Market
The key players in the veterinary surgical instruments market are Medtronic plc. B. Braun Vet Care, Jorgen KRUSSE A/S (Henry Schein), Ethicon, Sklar Surgical Instruments, Jorgensen Labs, Neogen Corporation,, Vimian Group, BMT Medizintechnik GmbH, and GerMedUSA, among others.
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Reasons to buy Veterinary Surgical Instruments Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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