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Veterinary Surgical Sutures Market By Type Of Suture (Absorbable Surgical Suture, Non-absorbable Surgical Suture), By End-Users (Hospitals, Clinics) - Growth, Future Prospects, And Competitive Landscape, 2018-2026

Industry Outlook

Veterinary surgical sutures market accounted for a market value of US$ 232.0 Mn in 2017 and projected to grow at a CAGR of 6.7% during the forecast period from 2018 to 2026. Increasing pet ownership in developed and developing countries is one of the major drivers assisting the growth of veterinary surgical sutures market as pet owners are more concern about pet injuries and diseases. According to the American Pet Products Association’s 2017-2018 National Pet Owner’s Survey, basic annual expenses for dogs & cats are spent on surgical vet (Dog - $474 & Cat - $245) & kennel boarding (Dog - $322 & Cat - $164). According to a 2017 report published by Packaged Facts suggested that 54.6% of US households owned pets in 2017 which equals around 66.8 million households.

Market Synopsis

Veterinary Surgical Sutures Market

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"Absorbable surgical sutures have huge market demand due to high efficiency, safety, and considered as accost efficient option over non-absorbable surgical suture"

Absorbable surgical sutures further sub-segmented as monofilament, natural, and braided; thus, a wide range of product options assists doctor’s convenience. The absorbable monofilaments are made of polydioxanone, natural sutures created with animal gut, and braided sutures are made of polyglycolic acid, & polyglactic acid. The key market drivers responsible for growth of veterinary surgical sutures market are rising prevalence of veterinary diseases due to developed diagnostic techniques, and high public awareness related to animal diseases & injuries.

Veterinary Surgical Sutures Market

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"Asia Pacific identified as the fastest growing veterinary surgical sutures market during the forecast period due to increasing trend of petting animals"

Asia Pacific is growing significantly throughout the forecast period due to key market drivers such as developing veterinary diagnostic technologies & its increasing adoption, rising public awareness related to veterinary diseases and treatment options, and mounting number of specialty veterinary hospitals & clinics. China & Japan are the major veterinary surgical sutures market due to improved healthcare facilities, high awareness related to pet healthcare, and humanization of pets is growing significantly. One of the major factor assisting the veterinary surgeries to grow significantly is the rising trend of pet insurance in some major Asian countries such as Japan & China.

Veterinary Surgical Sutures Market

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Veterinary Surgical Sutures Market

Historical & Forecast Period

The veterinary surgical sutures market analyzed considering current market trends for base year 2017 and based on future trends CAGRs calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

This report covers in-depth analysis of veterinary surgical sutures market comprising analytical and descriptive information coupled with major market dynamics such as opportunities, drivers, & restraints that affects overall market positively or negatively. An exhaustive information related to market drivers, challenges & opportunities based on country-level and regional segmentation. This report covers detailed information related to the global veterinary surgical sutures market including segments such as types of sutures, end-users, and geography. The report also covers competitive landscape of the major manufacturers present in veterinary surgical sutures market covering in-depth information associated with competitive environment of the market and the current strategies & products launches assisting or affecting the market.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Type of Sutures Segment (2016–2026; US$ Mn)
 • Linear Vibrating Screen
 • Circular Vibrating Screen
 • Elliptical Vibrating Screen 

 End-User Segment (2016–2026; US$ Mn)
 • Direct Drive
 • Indirect Drive

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

The key manufacturers involved in the market studied based on financial data, product portfolio, current press releases, and major market strategies. This report also covers attractive investment proposition studied based on extensive geographical PESTEL analysis. Major players included in the report are Medtronic plc, B.Braun, DemeTech, KRUUSE UK Ltd., Ethicon US, LLC, Teleflex Incorporated, Q-Close (Clinisupplies Ltd.), and AmerisourceBergen Corporation among others.

Key questions answered in this report

  • Which is the most preferred veterinary surgical suture type in the market & Why?
  • What are the current market strategies applied by the key market players & competitive analysis specific to veterinary surgical sutures market?
  • Which are the key geographical markets (regions and countries) in veterinary surgical sutures market?
  • Which is the largest and fastest growing veterinary surgical sutures types globally?
  • How is the competitive landscape of veterinary surgical sutures market and strategies of key players present in this industry?
  • Which is the major end-user of surgical sutures & Why?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
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Published Date:  Jan 2019
Category:  Medical Devices
Report ID:   59537
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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