Veterinary Surgical Instruments Market
The veterinary
surgical instruments market size value is estimated to reach USD
2.76 billion, growing at a CAGR of 6.87% during the forecast period 2022-2030.
The industry of animal healthcare has seen strong technological advances
in the last two decades. Most of these new tools and procedures have been
adopted from human medical practice. These advanced technologies have not only
led to better treatments, but also faster and precise diagnosis. From
Ultrasounds and MRIs to the Amplatz Canine Ductal Occluder, there are various
new technologies that are giving veterinary specialists a greater ability to
diagnose and ultimately save sick animals globally. New technologies such as
Magnetic resonance imaging, Ultrasounds, Laparoscopy, Microfracture detection,
3-D printing and Recombinant DNA.
While various veterinary technologies are likely to effect the industry
in 2016, the biggest advancement is probable going to be the ability to print
3D objects, this rapid-prototyping procedure has been used by veterinary
specialists to create animal bone models from information collected by computed
tomography scans. This procedure not only helps veterinarians educate pet
owners about their pet’s medical treatment or condition, but it also helps
veterinary specialists to gain a solid understanding of a pets internal bone or
muscle structure before going in to operate.
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 instruments market 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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