Category

Veterinary Surgical Instruments Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Animal Type (Canines, Felines, Equines, Others), By Application (Sterilization Surgery, Dental Surgery, Gynecology & Urology, Soft- Tissue Surgery, Orthopedic Surgery) And Geography - Forecasts From 2019 To 2025

Published: May 2021 | Report Code:  KSI061611739 | Pages:  125

The veterinary surgical instruments market is estimated to witness a CAGR of 5.73% to reach US$1,180.213 million in 2024 from US$844.881 million in 2018.

covid 19 impact on veterinary surgical instruments market

The increasing adoption of animal companions coupled with the growing incidence of animal diseases is expected to fuel the growth of the veterinary surgical instruments market. The market is expected to witness significant growth during the forecast period on account of rising healthcare expenditure and growing demand for animal insurance. The increasing number of veterinary practitioners and increasing initiative by the government also widen up the market growth opportunities. However, the lack of animal health awareness and shortage of skilled veterinarians will hinder the growth of the market globally.

The veterinary surgical instrument market has been segmented on the basis of animal type, application, and geography. By application, sterilization surgery is expected to hold a significant share on account of the rising adoption of this procedure amongst dogs. Geographically, Asia-Pacific is expected to be a dominant regional market owing to the rising disposable income in countries such as India and China coupled with the enormous livestock population.

DRIVERS
Growth in the adoption of companion animals

RESTRAINTS
Lack of skilled veterinarians

The major players profiled in the Veterinary Surgical Instruments market include Jorgensen Laboratories, Neogen Corporation, B. Braun Vet Care GmbH, Medtronic PLC, Surgical Holdings, DRE Veterinary, IM3 Inc., Sklar Surgical Instruments, Steris Corporation, and Germed USA, Inc. among others.

Veterinary Surgical Instruments Market

Report Metric Details
 Market size value in 2018  US$844.881 million
 Market size value in 2024  US$1,180.213 million
 Growth Rate  CAGR of 5.73% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Animal Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Jorgensen Laboratories, Neogen Corporation, B. Braun Vet Care GmbH, Medtronic   PLC, Surgical Holdings, DRE Veterinary, IM3 Inc., Sklar Surgical Instruments, Steris   Corporation, Germed USA, Inc., Ethicon Inc., Antibe Therapeutics Inc.
 Customization scope  Free report customization with purchase

 

Segmentation

The veterinary surgical instruments market has been analyzed through the following segments:

By Animal Type
Canines
Felines
Equines
Others

By Application
Sterilization surgery
Dental surgery
Gynecology & Urology
Soft- tissue surgery
Orthopedic surgery

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What will be the veterinary surgical instruments market size by 2024?
A1. The veterinary surgical instruments market is estimated to reach a total market size of US$1,180.213 million by 2024.


Q2. What is the size of global veterinary surgical instruments market?
A2. Veterinary Surgical Instruments market was valued at US$844.881 million in 2018.


Q3. What are the growth prospects for the veterinary surgical instruments market?
A3. The global veterinary surgical instruments market is estimated to witness a CAGR of 5.73% during the forecast period.


Q4. Which region holds the largest market share in the veterinary surgical instruments market?
A4. Geographically, Asia-Pacific is expected to hold a significant share in the veterinary surgical instruments market owing to the rising disposable income in countries such as India and China coupled with the enormous livestock population.


Q5. What factors are anticipated to drive the veterinary surgical instruments market growth?
A5. The increasing adoption of animal companions coupled with the growing incidence of animal diseases is expected to fuel the growth of the veterinary surgical instruments market. 

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