The Global Veterinary Surgical Devices Market was worth USD 748 million in 2016 and estimated to be growing at a CAGR of 6.6%, to reach USD 1.029 billion by 2021.
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A surgical instrument is a specially designed tool or device for performing specific actions of carrying out desired effects during a surgery or operation, such as modifying biological tissue, or to provide access for viewing it. Over time, many different kinds of surgical instruments and tools have been invented.
Veterinary surgical instruments help veterinarians to perform these surgical operations on animals.
The growth of Veterinary Surgical Devices market is driven by growing companion animal population coupled with pet insurance, increasing individual awareness regarding animal health, rising animal health expenditure.
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Also increase in number of veterinary practitioners, rise in their income levels in developed regions is going to assist in growth of the market. However, shortage of veterinarians in many developing regions, high pet care costs may hamper the growth of market.
Furthermore, increasing awareness among individuals in developing regions regarding animal health provides great future potential for the market.
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The Global market for Veterinary Surgical Devices 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 North America, Asia-Pacific, Europe, Latin America and Middle East and Africa.
North America is leading the market while Europe is at second place. Higher adoption rate and favourable reimbursement policies favoured the dominance of North America.
Asia-Pacific 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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