As per this study the Global Veterinary Surgical Instruments Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Veterinary surgical instruments are the medical tools designed to perform surgeries on animals. These instruments are shaped and designed depending upon their function such as holding, clamping, cutting, pulling, and crushing a wound. Veterinary surgical instruments are generally made from stainless steel like martensitic steel and are of different types such as handheld devices, sutures, staplers, and others. Veterinary surgical instruments find their application in soft tissue surgery, cardiovascular surgery, ophthalmic surgery, and others.
The growing number of veterinary practitioners coupled with increasing healthcare expenditure on pets are boosting the global veterinary surgical instruments market. Moreover, increasing ownership of pets across the globe is also pushing the market growth. On the flip side, high costs of surgical instruments, lack of skilled veterinarians and lack of animal health awareness are projected to hinder the market growth. Whereas, growing technological advancements in surgical instruments are expected to stimulate the market in the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of veterinary surgical instruments.
The broad veterinary surgical instruments market has been sub-grouped into product, animal type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Animal Type
- Handheld Devices
- Surgical Scissors
- Hooks & Retractors
- Electrosurgery Instruments
- Sutures, Staplers, and Accessories
- Large Animal
- Small Animal
- Soft Tissue Surgery
- Cardiovascular Surgery
- Ophthalmic Surgery
- Dental Surgery
- Orthopedic Surgery
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for veterinary surgical instruments in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Veterinary Surgical Instruments Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the veterinary surgical instruments market include B. Braun Vet Care GmbH, DRE Veterinary, GerMedUSA, Jorgen Kruuse A/S, MEDTRONIC, Neogen Corporation, Smiths Group plc, STERIS Instrument Management Services, Surgical Holdings, and World Precision Instrument. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.