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Global Veterinary Surgical Instruments Industry Revenues To Grow At Nearly 5.5% By 2031 | Ethicon, Sklar Surgical Instruments, Jorgensen Labs

04-04-2023 10:16 AM CET | Health & Medicine

Press release from: Global Insight Services

Global Veterinary Surgical Instruments Industry Revenues

The global veterinary surgical instruments market was valued at USD 1.5 billion in 2021 and it is anticipated to grow up to USD 2.6 billion by 2031, at a CAGR of 5.5% during the forecast period.

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Veterinary surgical instruments are tools that are used to perform surgery on animals. These instruments can be used to perform a variety of different procedures, including but not limited to: orthopedic surgery, soft tissue surgery, neurosurgery, and ophthalmic surgery. Veterinary surgeons use a variety of different instruments during surgery, and each instrument has a specific purpose.

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Market Trends and Drivers

Growing adoption of pet animals for companionship coupled with increasing expenditure of animal healthcare are few of the major factors leading to growth of veterinary surgeries. For instance, as per the American Pet Products Association's 2021-2022 National Pet Owners Survey, in 2021, about USD 583 and USD 343 was spent annually in U.S. on surgical veterinary services for dogs and cats, respectively. Thus, high expenditure on pet care and veterinary services is anticipated to be the major factor leading to market growth across the forecast timeframe. Furthermore, high demand for veterinary surgical services due to growing number of trauma and soft tissue injuries will be further fostering the veterinary surgical instruments market share.

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Market Segmentation

By Product

Sutures & Staplers
Forceps
Scalpels
Surgical Scissors
Hooks & Retractors
Trocars & Cannulas
Electro-Surgery Instruments
Others

By Animal Type

Small & Medium Animals
Large Animals

By Application

Dental Surgery
Orthopaedic Surgery
Neurosurgery
Ophthalmic Surgery
Others

By End-user

Veterinary Clinics
Veterinary Hospitals
Research Centers & Academia

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Major Players in the Global Veterinary Surgical Instruments Market

The key players in the veterinary surgical instruments market are Medtronic plc. B. Braun Vet Care, Jorgen KRUSSE A/S (Henry Schein), Ethicon, Sklar Surgical Instruments, Jorgensen Labs, Neogen Corporation,, Vimian Group, BMT Medizintechnik GmbH, and GerMedUSA, among others.

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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