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.
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.
Growth in the adoption of companion animals
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.
|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|
|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|
The veterinary surgical instruments market has been analyzed through the following segments:
By Animal Type
Gynecology & Urology
Soft- tissue surgery
Middle East and Africa
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.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. VETERINARY SURGICAL INSTRUMENTS MARKET BY ANIMAL TYPE
6. VETERINARY SURGICAL INSTRUMENTS MARKET BY APPLICATION
6.1. Sterilization surgery
6.2. Dental surgery
6.3. Gynecology & Urology
6.4. Soft- tissue surgery
6.5. Orthopedic surgery
7. VETERINARY SURGICAL INSTRUMENTS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Jorgensen Laboratories,
9.2. Neogen Corporation
9.3. B. Braun Vet Care GmbH
9.4. Medtronic PLC
9.5. Surgical Holdings
9.6. DRE Veterinary
9.7. IM3 Inc.
9.8. Sklar Surgical Instruments
9.9. Steris Corporation
9.10. Germed USA, Inc.
9.11. Ethicon Inc.
9.12. Antibe Therapeutics Inc.
LIST OF FIGURES
LIST OF TABLES
B. Braun Vet Care GmbH
Sklar Surgical Instruments
Germed USA, Inc.
Antibe Therapeutics Inc.
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