Veterinary Surgical Instruments Market: Market Insights, Growth Factors, and Technological Advancements

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Veterinary Surgical Instruments Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.85 billion In 2028 At A CAGR Of 8.0%.

The veterinary surgical instruments market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to expansion of veterinary practices, regulatory standards and quality assurance, improved veterinary education, focus on specialized surgeries..

The veterinary surgical instruments market size is expected to see strong growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing pet healthcare spending, growing demand for specialty instruments, rise in minimally invasive procedures, expanding veterinary services, focus on ergonomic designs.. Major trends in the forecast period include shift towards specialized instruments, advancements in veterinary medicine, rise in pet ownership, specialized veterinary surgeries, focus on minimally invasive techniques..

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Veterinary Surgical Instruments Market Major Segments
The veterinary surgical instruments market covered in this report is segmented -

1) By Product: Sutures, Staplers, And Accessories, Handheld Devices, Electrosurgery Instruments, Other Products
2) By Animal: Comapnion Animals, Farm Animals
3) By Application: Soft Tissue Surgery, Sterilization Surgery, Gynecology And Urology Surgery, Dental Surgery, Orthopaedic Surgery, Ophthalmic Surgery, Other Applications

Key Driver - Surge In Pet Surgeries Propels Growth In The Veterinary Surgical Instruments Market

The increasing number of surgical procedures on pets is expected to propel the veterinary surgical instruments market going forward. A surgical procedure refers to a medical act that involves making an incision with instruments to treat a disease or repair damage to a living body. Veterinary surgical instruments allow surgeons to perform surgery by using the instruments for incision, dissection, and closing the wound. For instance, in 2021, according to the National Library of Medicine, a US-based biomedical library, the total number of spay-neuter surgeries for dogs and cats in the US increased by 11.78%, from 1,059,388 in 2020 to 1,184,274 in 2021. Therefore, the growing healthcare expenditure is driving the veterinary surgical instruments market.

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Prominent Trend - Advanced Veterinary Wound Management Solutions

Product innovation is a key trend in the veterinary surgical instruments market. The development of innovative technological solutions is a major focus for the market players in veterinary surgical tools in order to improve their competitiveness. For instance, in March 2021, Axio Biosolutions, a US-based manufacturer of advanced surgical and wound care products, launched SureKlot range of veterinary wound management solution products. This enhanced wound care line provides India's first complete veterinary wound management solution to aid in the control of bleeding and the rapid recovery of wounds in animals.

Veterinary Surgical Instruments Market Players
Major companies operating in the veterinary surgical instruments market report are B Braun Vet Care GmbH, Medtronic Plc, Jorgen KRUUSE A/S, Smiths Medical plc, Neogen Corporation, Ethicon Inc., Jorgensen Laboratories, Integra LifeSciences Holdings Corporation, STERIS Corporation, Hill-Rom Holdings Inc., GerMedUSA Inc., Sklar Surgical Instruments, World Precision Instruments Inc., Stille AB, Eickemeyer Veterinary Equipment Limited, Surgical Specialties Corporation, Stryker Corporation, KLS Martin Group, Symmetry Surgical Inc., Olympus Corporation, 3M Company, Cardinal Health Inc., Avante Health Solutions, Hoya Corporation, Karl Storz SE & Co. KG, Fujifilm Holdings Corporation, Boston Scientific Corporation, Becton Dickinson and Company, Summit Hill Laboratories, IM3 Inc. .

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Largest And Fastest Growing Region In The Market
North America was the largest region in the veterinary surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the veterinary surgical instruments market report during the forecast period. The regions covered in the veterinary surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Veterinary Surgical Instruments Market Report Structure
3. Veterinary Surgical Instruments Market Trends And Strategies
4. Veterinary Surgical Instruments Market - Macro Economic Scenario
5. Veterinary Surgical Instruments Market Size And Growth
…..
27. Veterinary Surgical Instruments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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