Instrumental Excellence: Navigating the Veterinary Surgical Instruments Market Landscape
The veterinary surgical instruments market size value is estimated to reach USD 2.9 billion, growing at a CAGR of 6.9% during the forecast period 2023-2032.
The veterinary surgical instruments market is witnessing
steady growth due to the increasing awareness among pet owners about advanced
veterinary treatments and the growing prevalence of various animal health
issues. Veterinary clinics, hospitals, and research institutions are adopting
state-of-the-art surgical instruments to enhance the quality of care provided
to animals.
The market is also influenced by the rising number of pet
adoptions and the escalating investments in animal healthcare. Additionally, the
focus on research and development to introduce innovative and specialized
veterinary surgical instruments further propels market expansion.
The veterinary surgical instruments market plays a crucial
role in the healthcare sector for animals, ensuring the well-being and health
of pets, livestock, and other animals. The market encompasses a wide range of
tools and equipment designed for surgical procedures on animals, promoting
precision and efficiency in veterinary surgeries.
Animal
surgical devices are specialized instruments designed for a variety of
surgical procedures in veterinary medicine. These devices are crucial for
performing surgeries with accuracy and minimizing trauma to the animals. They
include instruments such as scalpels, forceps, scissors, and retractors
tailored for different animal species and surgical requirements. As the demand
for advanced veterinary care continues to rise, the market for animal surgical
devices experiences constant innovation to meet the evolving needs of
veterinary professionals.
The veterinary surgical equipment market comprises a
comprehensive array of tools and machinery used in surgical interventions for
animals. This equipment includes anesthesia machines, electrocautery units,
surgical lights, and sterilization equipment. Advancements in technology have
led to the development of minimally invasive surgical techniques in veterinary
medicine, driving the demand for specialized equipment like endoscopy systems
and laparoscopic instruments.
Major Key
Players:
Veterinary surgical
instruments Market Players are
Eickemeyer Veterinary Equipment Inc., Jørgen KRUUSE A/S, Surgical Holdings,
Sklar Instruments, Whittemore Enterprises, Inc., Medtronics, B.Braun and
others.
Segment Analysis
The global
veterinary surgical instruments market is segmented on the basis of type,
application, animal type, and region.
By type, the
global veterinary surgical tools is segmented into scalpel handles, forceps, dressing and tissue forceps, scissors,
needle holders and retractors. The scissors segment holds a dominant 21.4%
share in the global veterinary
surgical instruments market and is expected to remain in the leading position
over the forecast period due to the ubiquitous usage of scissors in surgical
operations.
By application,
the global veterinary surgical instruments market is segmented into
sterilization, orthopedic, ophthalmic, and dental. Dental holds the largest
share in the global veterinary surgical instruments market, followed by
ophthalmic.
By animal type,
the global veterinary surgical instruments market is segmented into canines,
felines, and large animals.
Regional Analysis
Key markets for veterinary surgical instruments across the world include
Asia Pacific/APAC, Middle East and Africa/MEA and North America along with
Europe.
The US, one of the most developed countries in North America, is the
world leader, as a result of the supportive reimbursement scenario along with
the presence of a well-organized dairy and meat industry. The increasing
efforts taken by the renowned firms to upgrade their product range, while
ensuing top-quality standards helps foster the growth of the veterinary
surgical instruments market in the region. The surge in pet insurance has also
been favorable for the regional market in recent years. Reports by North
American Pet Health Insurance Association reveal that over 2.5 million pets in
Canada and US had insurance as of 2018.
The second lead has been procured by the European market, while South
American countries like Paraguay, Uruguay and Argentina are also observing
significant growth in the global market. Rising chronic disorder cases among
animals have boosted surgical intervention and motivated the market growth in
these areas.
However, the most promising market for veterinary surgical instruments
is APAC, with China and India emerging as the leaders. Growth in pet
humanization combined with the mounting awareness with regard to animal welfare
can be cited as the top contributing factors to the market growth in Asia
Pacific. Japan is one of the fast advancing markets in the region, since the
country observes high adoption rate of modern techniques like new diagnostic
services along with surging geriatric pet populace.
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