Veterinary Surgical Instruments Market By Product (Handheld Devices, Electrosurgery Instruments, Sutures & Staplers and Others), By Application (Cardiovascular Surgery, Soft Tissue Surgery, Dental Surgery, Ophthalmic Surgery, Orthopedic Surgery and Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The veterinary surgical instruments market is set to reach from US$ 728.5 Mn in 2017 to US$ 1,336.9 Mn by 2026 showcasing steady growth at a compound annual growth rate (CAGR) of 7.0% during the forecast period from 2018 to 2026. As per the latest research findings of World Organization for Animal Health (OIE), foot and mouth disease is responsible to circulate in 77% of the global livestock population. It is highly contagious disease with a 100% morbidity rate in susceptible cattle population. It has a high prevalence rate in low and middle income countries worldwide.

"Technological advancement in and availability at low cost drive the handheld devices market growth"

Handheld devices are reigning the product segment for veterinary surgical instruments market. Availability at low cost and technological advancement drive the handheld devices market growth. Increasing expenditure towards veterinary health further bolster the handheld devices market growth. Electrosurgery instruments is becoming popular among veterinary surgeons owing to its inherent features such as easy handling, high accuracy and rapid healing by employing electrode pencils in performing sensitive surgical procedures of innate organs.

"Rising incidence of gingivitis and periodontitis in animals drive the dental surgery market growth"

In the present scenario dental surgery dominates the application segment for veterinary surgical instruments market. Rising incidence of dental deformities such as gingivitis and periodontitis in pet animals drive the dental surgery market growth. Lack of oral hygiene, proliferation of bacteria in dental cavities and presence of minerals in saliva leads to rapid deterioration of dental health. Periodic visit to dental clinics can subsequently protect animal dental health. Technological advancement in the dental devices further propel the dental surgery market growth. Orthopedic surgery is gaining immense attention owing to rising incidence of violence and harsh Behaviour towards companion animals and increasing cases of musculoskeletal disorders in farm animals such as bovine, equine etc.

"Rising public health awareness related to veterinary animals and growing incidence of zoonotic disease drive the market growth in North America"

North America currently represents 40% share in the regional segment for veterinary surgical instruments market. The major factors contributing towards its exemplary growth are rising public health awareness regarding veterinary animals and growing incidence of zoonotic disease. Presence of pioneering medical device manufacturers such as Ethicon, Inc., Medtronic, Plc., Smiths Group, Plc and DRE Veterinary etc. further provide positive impetus to market growth in North America region. Europe holds second position with 30% share owing to significant adoption of companion animals and provision of pet animal insurance. Asia Pacific is accountable for 15% market share and will grow at a rapid pace during the forecast period on account of increasing demand for animal derived products and proactive government policies to support veterinary health.

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The market segmentation comprises of by product, application and geography.

Medical device companies manufacturing veterinary surgical instruments are Antibe Therapeutics, Inc., Neogen Corporation, B.Braun Vet Care GmbH, Medtronic, Plc., DRE Veterinary, Jorgen Kruuse A/S, Ethicon, Inc., , Smiths Group, Plc., Integra Lifesciences Holding Corporation and Surgical Holdings.

Key questions answered in this report

• What are the latest mergers and strategic collaboration taking place in veterinary surgical instruments market?
• What are the drivers, restraints and opportunities pertaining to veterinary surgical instruments market
• Which major players are participating in the veterinary surgical instruments market?
• What is the performance of dental surgery in veterinary surgical instruments market?
• What will be the market size and CAGR for Electrosurgery instruments during the forecast period from 2018 to 2026?
• What are the major contributing factors determining market growth in developed regions such as North America and Europe?