img

Veterinary Surgical Instruments Market - By Product (Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors), By Animal Type (Small & Medium, Large), By Application (Dental Surgery), By End-use & Forecast, 2023-2032


Published on: 2024-07-28 | No of Pages : 240 | Industry : Animal Health and Nutrition

Publisher : MIR | Format : PDF&Excel

Veterinary Surgical Instruments Market - By Product (Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors), By Animal Type (Small & Medium, Large), By Application (Dental Surgery), By End-use & Forecast, 2023-2032

Veterinary Surgical Instruments Market Size

Veterinary Surgical Instruments Market size exceeded USD 1.2 billion in 2022 and is slated to expand at over 6.5% CAGR from 2023 to 2032. The considerable surge in animal healthcare expenditure across developed economies is a prominent factor accelerating business growth over the next ten years.

To get key market trends

  Download Free Sample

Surgical procedures among animals have become commonplace as pet owners have become increasingly concerned about their pet health and the consistent improvement in disposable incomes. For instance, according to the Health for Animals, in 2021, consumers spent USD 123.6 billion on pets and pet-related products in the U.S. These concerns have encouraged governments and veterinary product manufacturers globally to make significant investments and leverage novel technologies to improve existing product lines.

Veterinary Surgical Instruments Market Report Attributes
Report Attribute Details
Base Year 2022
Veterinary Surgical Instruments Market Size in 2022 USD 1.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6.6%
2032 Value Projection USD 2.4 Billion
Historical Data for 2018 to 2022
No. of Pages 150
Tables, Charts & Figures 233
Segments covered Product, Animal Type, Application, End-use, and Region
Growth Drivers
  • Increasing animal healthcare expenditure in developed nations
  • Rising awareness pertaining to various animal health conditions
  • Escalating demand for pet health insurance
  • Growth in number of veterinary practitioners in developed nations
Pitfalls & Challenges
  • Lack of skilled veterinary professionals in developing economies
  • High cost of veterinary surgeries

What are the growth opportunities in this market?

 Download Free Sample

This, in consequence, will have a favorable impact on the veterinary surgical instruments industry. Moreover, the increasing prevalence of zoonotic diseases such as rabies, brucellosis, Lyme disease, and several foodborne diseases and rising awareness about these health conditions will contribute positively to the industry revenue streams. However, the high cost associated with veterinary surgeries and the lack of skilled veterinary professionals in developing economies may impede market performance throughout the estimated timeframe.

Veterinary Surgical Instruments Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

Regarding the product, veterinary surgical instruments market from electro-surgery instruments segment garnered over USD 300 million in revenue in 2022. Electro-surgery instruments are easy to handle and boast high sensitivity and accuracy while ensuring rapid healing by electrode pencils. The ample benefits linked with these devices, in tandem with their increasing usage in controlling bleeding and tissue dissection surgeries in animals.

Based on the animal, large animal segment is poised to depict over 6.5% CAGR between 2023 and 2032. Large animals are exposed to several injuries, including colics, wounds, fractures, and breakdown injuries that require critical care surgeries. These surgical procedures are highly complex and often require more than one surgeon and high-tech treatment facilities. Thus, the increasing incidences of such injuries and subsequent rise in surgical interventions in large animals will spur the demand for veterinary surgical instruments in the coming years.

With respect to application, overall market share from dental surgery segment is expected to grow at over 6% CAGR through 2032. Dental care is considered a critical aspect of pet health, as poor dental health can lead to various other health issues and also increase pet irritability. The prevalence of several dental conditions, such as periodontal and gingivitis disease, most commonly in cats and dogs, will create a favorable growth outlook for the veterinary surgical instruments market.

In terms of end-user, veterinary clinics segment amassed more than 56.5% market share in 2022 and is slated to witness remarkable growth during 2023-2032. Veterinary clinics have the availability of skilled veterinarians and offer access to several medical treatment facilities, surgery, examination, diagnosis, general health care, grooming, and observation of domestic birds and animals. Due to their better patient outreach, they are generally preferred for annual check-ups and in case of emergencies. These factors, coupled with the expanding network of veterinary clinics globally.

Learn more about the key segments shaping this market

 Download Free Sample

Europe veterinary surgical instruments market is set to exceed USD 550 million by 2032. The increasing demand for veterinary services fueled by the surging prevalence of zoonotic diseases such as the West Nile virus, rabies, and zoonotic influenza has positively influenced the regional landscape. Furthermore, the extended support from government authorities resulting in the expansion of veterinary hospitals and clinics will propel the demand for veterinary surgical instruments in the region. U.S. veterinary surgical instruments industry is anticipated to grow at over 5.5% CAGR from 2023 to 2032.

Veterinary Surgical Instruments Market Share

Leading veterinary surgical instruments manufacturers include

  • B. Braun Vet Care
  • Sklar Surgical Instruments
  • Neogen Corporation
  • Vimian Group
  • Medtronic plc
  • BMT Medizintechnik GmbH
  • GerMedUSA
  • Ethicon Inc.
  • Jorgen KRUUSE A/S (Henry Schein)
  • Jorgensen Labs

Companies operating in this industry have been strengthening their strategic associations as part of their key growth strategy. For instance, in May 2022, TheraVet announced a partnership and distribution agreement with Veterinary Instrumentation, one of the leading companies providing veterinary orthopedics and surgical instrumentation. With this agreement, the company is expected to enhance its distribution network in U.K. and Ireland for the BIOCERA-VET product line, thereby strengthening its market presence.

Impact of COVID-19 Pandemic

COVID-19 pandemic negatively affected the overall veterinary surgical instruments market. Attributed to stringent lockdown measures across several economies, surgical visits to hospitals and clinics witnessed a significant plunge, leading to sluggish market growth. Moreover, the postponement and cancellation of non-essential surgical procedures in response to mitigate the viral transmission further limited patient footfalls at animal healthcare establishments. To cite an instance, according to an animal health report, 80% of veterinarians reported a decrease in elective surgery visits and wellness visits in the U.S. These factors, in addition to the declining economic growth and changing consumer behavior, impacted the industry value chain during the crisis.

The veterinary surgical instruments market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments

Click here to Buy Section of this Report

 

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
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

 

Table of Content

Will be Available in the sample /Final Report. Please ask our sales Team.

Will be Available in the sample /Final Report. Please ask our sales Team.