The North America Veterinary Surgical Devices Market published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc.
According to the report “North America Veterinary Surgical Devices Market By Products (Sutures, Foreceps, Scissors, Electrosurgery Instruments, Cannulas, Staplers And Accessories, Others), By Animals (Canines, Felines, Large Animals), By Application (Soft Tissue, Sterilization, Gynecology, Orthopedic Surgery), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the North America Veterinary Surgical Devices Market was worth USD 284.24 million in 2016 and estimated to be growing at a CAGR of 6.15%, to reach USD 383.08 million by 2021. With the increasing companion animal population and growing concern regarding pets the market is exhibiting great growing potential.
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The amount of pet owners as well as companion animal population is on the rise. The number veterinary practitioners are also increasing.
To help these veterinarians to treat animals surgical instruments have been manufactured which are designed to perform specific actions during a surgery or operation. Over time, many different kinds of surgical instruments and tools have been invented.
Major factors driving the growth of market are increasing individual awareness regarding animal health, rising animal health expenditure, growing companion animal population coupled with pet insurance. increase in number of veterinary practitioners, rise in their income levels in developed regions is going to assist in growth of the market.
On the other hand, deficiency of veterinarians in many developing regions, high pet care costs may hamper the growth of market. Additionally, increasing awareness among individuals in developing regions regarding animal health provides great future potential for the market.
The North America Veterinary Surgical Devices market is segmented based on Product, Animal and Application. Based on Products – Sutures, Foreceps, Scissors, Electrosurgery Instruments, Cannulas, Staplers and accessories and others.
Based on Animals – Canines, Felines and Large Animals. Based on Applications – Soft tissue, Sterilization, Gynecology, Orthopedic Surgery.
Based on Geographical analysis the market is separated into regions of United States of America and Canada. USA is leading the market while Canada is at second place.
Higher adoption rate and favourable reimbursement policies favoured the dominance of USA. USA is expected to grow at the fastest CAGR due to increasing awareness regarding animal health and increasing livestock population.
Product wise Sutures, Staples & accessories are holding major share in the market.
Some of the key players dominating this market include B.Braun Vet Care GmbH, Medtronic Plc., Ethicon Inc., JORGEN KRUSSE A/S, Jorgensen Laboratories, Smiths Group Plc., Neogen Corporation, Integra LifeSciences Holding Corporation, STERIS Corporation, DRE Veterinary, GerMedUSA Inc., Surgical Holdings, Sklar Surgical Instruments, World Precision Instruments Inc., Surgical Direct.
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