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Top Market Shifts Transforming the Veterinary Surgical Instruments Market Landscape: Key Insights
Veterinary Surgical Instruments Market
What Is the Expected CAGR for the Veterinary Surgical Instruments Market Through 2025?
The veterinary surgical instruments market size has grown strongly in recent years. It will grow from $1.35 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. 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.
What's the Projected Size of the Global Veterinary Surgical Instruments Market by 2029?
The veterinary surgical instruments market size is expected to see strong growth in the next few years. It will grow to $1.99 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. 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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Top Growth Drivers in the Veterinary Surgical Instruments Industry: What's Accelerating the 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 June 2024, according to the National Library Of Medicine, a US-based medical organization, 212 clinics reported 190,818 fewer neuter surgeries during years 2021-2022 compared to previous years. Therefore, the increasing number of surgical procedures on pets is driving the veterinary surgical instruments market.
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What Trends Will Shape the Veterinary Surgical Instruments Market Through 2029 and Beyond?
Major companies operating in the veterinary surgical instruments market are developing innovative instruments such as cutting-edge veterinary portable ultrasound systems to enhance diagnostic accuracy, improve mobility for field veterinarians, and provide real-time imaging capabilities during surgical procedures. A cutting-edge veterinary portable ultrasound system is an advanced diagnostic imaging device designed specifically for veterinary applications. For instance, in May 2024, Esaote North America Inc., a US-based company that offers medical products launched the MyLab Omega eXP VET, a state-of-the-art portable ultrasound system designed specifically for veterinary applications. This new system is positioned within the veterinary surgical instruments market and aims to enhance diagnostic imaging capabilities for veterinarians. This advanced technology provides high-resolution imaging from superficial to deeper tissues, ensuring clarity and precision in diagnostics.
What Are the Main Segments in the Veterinary Surgical Instruments Market?
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: Companion Animals, Farm Animals
3) By Application: Soft Tissue Surgery, Sterilization Surgery, Gynecology And Urology Surgery, Dental Surgery, Orthopedic Surgery, Ophthalmic Surgery, Other Applications
Subsegments:
1) By Sutures, Staplers, And Accessories: Absorbable Sutures, Non-Absorbable Sutures, Surgical Staplers, Suture Removal Kits
2) By Handheld Devices: Scalpels, Scissors, Forceps, Needle Holders
3) By Electrosurgery Instruments: Electrosurgical Generators, Electrode Tips, Smoke Evacuators
4) By Other Products: Surgical Drapes And Covers, Surgical Lights, Operating Tables, Sterilization Equipment
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Which Top Companies are Driving Growth in the Veterinary Surgical Instruments Market?
Major companies operating in the veterinary surgical instruments market include B. Braun Vet Care GmbH, Jorgen KRUUSE A/S, Neogen Corporation, Ethicon Inc., Jorgensen Laboratories, Integra LifeSciences Holdings Corporation, GerMedUSA Inc., Sklar Surgical Instruments, World Precision Instruments Inc., Stille AB, Eickemeyer Veterinary Equipment Limited, KLS Martin Group, Avante Health Solutions, Karl Storz SE & Co. KG, Summit Hill Laboratories, IM3 Inc., VetSurg Inc., Surgical Holdings Ltd., VSSI (Veterinary Surgical Solutions, Inc.), Vet Surgical Instruments
Which Regions Will Dominate the Veterinary Surgical Instruments Market Through 2029?
North America was the largest region in the veterinary surgical instruments market in 2024. 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
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