Veterinary Surgical Instruments Market By Product (Handheld Devices, Electrosurgery Instruments, Sutures & Staplers and Others), By Application (Cardiovascular Surgery, Soft Tissue Surgery, Dental Surgery, Ophthalmic Surgery, Orthopedic Surgery and Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The veterinary surgical instruments market is expected to grow from US$ 728.5 million in 2017 to US$ 1,336.9 million by 2026, with a compound annual growth rate (CAGR) of 7.0% from 2018 to 2026. As per the latest research findings of the World Organization for Animal Health (OIE), foot-and-mouth disease is responsible for infecting 77% of the global livestock population. It is a highly contagious disease with a 100% morbidity rate in susceptible cattle populations. It has a high prevalence rate in low- and middle-income countries worldwide.

Market Synopsis

The growth of the handheld devices market is being driven by technological advancement and low-cost availability.

In the veterinary surgical instruments market, handheld devices are the dominant product segment. The handheld devices market is growing due to low-cost availability and technological advancement. Increased spending on veterinary health contributes to the growth of the handheld devices market. Electrosurgery instruments are becoming popular among veterinary surgeons owing to their inherent features, such as easy handling, high accuracy, and rapid healing, by employing electrode pencils in performing sensitive surgical procedures on innate organs.

The rising incidence of gingivitis and periodontitis in animals drives the growth of the dental surgery market.

In the present scenario, dental surgery dominates the application segment of the veterinary surgical instruments market. The rising prevalence of dental deformities in pets, such as gingivitis and periodontitis, drives the growth of the dental surgery market. Dental health rapidly deteriorates due to poor oral hygiene, the proliferation of bacteria in dental cavities, and the presence of minerals in saliva. Periodic visits to dental clinics can subsequently protect animal dental health. Technological advancements in dental devices further propel the dental surgery market's growth. Orthopedic surgery is gaining immense attention owing to the rising incidence of violence and harsh behavior towards companion animals and the increasing cases of musculoskeletal disorders in farm animals such as bovines, equines, etc.

Rising public health awareness related to veterinary animals and the growing incidence of zoonotic disease drive market growth in North America.

North America currently represents 40% of the regional segment of the veterinary surgical instruments market. The major factors contributing to its exemplary growth are rising public health awareness regarding veterinary animals and the growing incidence of zoonotic disease. The presence of pioneering medical device manufacturers such as Ethicon, Inc., Medtronic, Plc., Smiths Group, Plc., and DRE Veterinary, Inc., etc., further provides positive impetus to market growth in the North American region. Europe holds the second position with a 30% share, owing to the significant adoption of companion animals and the provision of pet animal insurance. Asia Pacific is accountable for a 15% market share and will grow at a rapid pace during the forecast period on account of increasing demand for animal-derived products and proactive government policies to support veterinary health.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The market is segmented by product, application, and geography.

Medical device companies manufacturing veterinary surgical instruments are Antibe Therapeutics, Inc., Neogen Corporation, B. Braun Vet Care GmbH, Medtronic, Plc., DRE Veterinary, Jorgen Kruuse A/S, Ethicon, Inc., Smiths Group, Plc., Integra Lifesciences Holding Corporation, and Surgical Holdings.

Frequently Asked Questions:

The market for Veterinary Surgical Instruments is expected to reachUS$ 1,336.9 Mn 2026.

The Veterinary Surgical Instruments market is expected to see significant CAGR growth over the coming years, at 7.0%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Antibe Therapeutics Inc.,B.Braun Vet Care GmbH,DRE Veterinary,Ethicon, Inc.,Integra Lifesciences Holding Corporation are some of the major players in the global market.

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Published Date:  Feb 2019
Category:  Medical Devices
Report ID:   59591
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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