28-Feb-2020 | Facts and Factors
Facts and Factors report “Veterinary Surgical Instruments Market By Instrument Type (Handheld Devices, Electrosurgery Instrument, Suture, Staplers, & Accessories, & Others), By Animal Type (Large Animal & Small Animal), By Application (Soft Tissue Surgery, Cardiovascular Surgery, Ophthalmic Surgery, Dental Surgery, Orthopedic Surgery, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” states that the global veterinary surgical instruments market in 2020 was approximately USD 783.9 Million. The market is expected to grow at a CAGR of 6.8% and is anticipated to reach around USD 1,023.5 Million by 2026.
Veterinary Surgical Instruments are used for animal surgery. In recent times this market has been on the rise, especially in developed countries. As the world's human population is growing, the demand for livestock is also increasing. In addition, world pet ownership is also on the rise. Nevertheless, increasing numbers of livestock and pets increase the risk of infection by livestock.
Browse the full “Veterinary Surgical Instruments Market By Instrument Type (Handheld Devices, Electrosurgery Instrument, Suture, Staplers, & Accessories, & Others), By Animal Type (Large Animal & Small Animal), By Application (Soft Tissue Surgery, Cardiovascular Surgery, Ophthalmic Surgery, Dental Surgery, Orthopedic Surgery, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/veterinary-surgical-instruments-market-report
Increasing awareness regarding animal health among the population worldwide is a major factor fuelling the growth of the global veterinary surgical instruments market. Additionally, rising demand for pet insurance along with an increasing number of companion animals are other factors anticipated to fuel the growth of the target market.
Moreover, technological advancements will also act as a major boosting factor for the growth of the global market over the forecast period. However, the high cost associated with the surgical instruments is factored in hampering the growth of the target market in the near future.
The veterinary surgical instruments market is segmented based on the product, animal type, and application. On the basis of product segmentation, the market is classified into handheld devices, electro-surgery instruments, staplers, sutures, & accessories, and others. Further, handheld devices are further divided into scalpels, forceps, hooks & retractors, surgical scissors, and cannulas & trocars. Staplers, sutures, & accessories products segment is anticipated to account for the highest share in terms of revenue during the forecasted period.
Based on animal type the global market is segmented as large animals and small animals. On the basis of application, the target market is classified into sterilization surgery, soft tissue surgery, urology & gynecology surgery, orthopedic surgery, ophthalmic surgery, dental surgery, and others.
Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026.
This is attributed to the growing disposable income as well as the increasing animal spending in the countries of this region. Europe is expected to hold the second last share in the target market over the forecast period, owing to growth in awareness regarding animal health in the countries especially in the UK and Germany of the region.
Global Veterinary Surgical Instruments Market: Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 783.9 Million |
Projected Market Size in 2026 |
USD 1,023.5 Billion |
CAGR Growth Rate |
6.8% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
B. Braun Vet Care GmbH, Medtronic plc., Ethicon, Inc., JORGEN KRUSSW A/S, Jorgensen Laboratories, Smiths Group plc., and Others |
Key Segment |
Instrument Type, Animal Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Top Market Players
The key market participants for the global veterinary surgical instruments market are B. Braun Vet Care GmbH, Medtronic plc., Ethicon, Inc., JORGEN KRUSSW A/S, Jorgensen Laboratories, Smiths Group plc., Neogen Corporation, Integra LifeSciences Holdings Corporation, STERIS Corporation, DRE Veterinary, FerMedUSA, Inc., Surgical Holdings, and Skylar Surgical Instruments, among others.
This report segments the veterinary surgical instruments market as follows:
Global Veterinary Surgical Instruments Market: By Instrument Type Segment Analysis
Global Veterinary Surgical Instruments Market: By Animal Type Segment Analysis
Global Veterinary Surgical Instruments Market: By Application Segment Analysis
Global Veterinary Surgical Instruments Market: Regional Segmentation Analysis
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