Top 5 Insights From The Veterinary Surgical Instruments Market Report 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
According to The Business Research Company’s Veterinary Surgical Instruments Global Market Report 2023, the veterinary surgical instruments market is expected to show promising growth in the forecast period.
The global veterinary surgical instruments market is poised for remarkable growth, projecting an increase from $1.19 billion in 2022 to $1.27 billion in 2023, with a compound annual growth rate (CAGR) of 7.9%. The market is expected to further burgeon, reaching $1.67 billion in 2027 at a CAGR of 7.1%. Let’s delve into the driving forces and trends steering the evolution of veterinary surgical instruments.
Surge in Pet Surgical Procedures
- Rising Surgical Procedures on Pets: The veterinary surgical instruments market is on an upward trajectory, fueled by a surge in surgical procedures on pets. Surgical procedures involve medical interventions using instruments for incision, dissection, and wound closure.
- Growing Healthcare Expenditure: In 2021, the National Library of Medicine reported an 11.78% increase in spay-neuter surgeries for dogs and cats in the US, reflecting the growing healthcare expenditure on pet surgeries.
Key Players Shaping the Landscape
- Industry Leaders: Major players driving innovation in the veterinary surgical instruments market include B Braun Vet Care GmbH, Medtronic Plc, Jorgen KRUUSE A/S, Smiths Medical, and others.
- Diverse Product Offerings: These industry leaders offer an array of veterinary surgical instruments, contributing to the advancement of surgical procedures in both companion and farm animals.
Innovation at the Forefront
- Product Innovation Trend: A noteworthy trend in the veterinary surgical instruments market is the emphasis on product innovation. Market players are actively developing advanced technological solutions to enhance their competitive edge.
- SureKlot by Axio Biosolutions: Axio Biosolutions, a US-based manufacturer, launched the SureKlot range, a veterinary wound management solution that aids in controlling bleeding and facilitates rapid recovery in animals. This innovation reflects a commitment to improving surgical outcomes.
Market Segmentation for Tailored Solutions
The global veterinary surgical instruments market adopts a comprehensive segmentation approach:
- By Product:
- Sutures, Staplers, And Accessories
- Handheld Devices
- Electrosurgery Instruments
- Other Products
- By Animal:
- Companion Animals
- Farm Animals
- By Application:
- Soft Tissue Surgery
- Sterilization Surgery
- Gynecology And Urology Surgery
- Dental Surgery
- Orthopaedic Surgery
- Ophthalmic Surgery
- Other Applications
Regional Dynamics: North America Takes the Lead
- North America’s Dominance: In 2022, North America emerged as the largest region in the veterinary surgical instruments market. The region’s commitment to pet healthcare and advanced veterinary procedures has positioned it as a frontrunner.
- Asia-Pacific’s Growth Trajectory: The Asia-Pacific region is anticipated to be the fastest-growing region, signaling a shift in the global dynamics of the veterinary surgical instruments market.
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The Veterinary Surgical Instruments Global Market Report 2023 offers a comprehensive overview on the veterinary surgical instruments market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the veterinary surgical instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The Table Of Content For The Veterinary Surgical Instruments Market Include:
1. Veterinary Surgical Instruments Market Executive Summary
2. Veterinary Surgical Instruments Market Segments
3. Veterinary Surgical Instruments Market Size And Veterinary Surgical Instruments Market Growth Rate
4. Key Veterinary Surgical Instruments Market Trends
5. Major Veterinary Surgical Instruments Market Drivers
……
25. Key Mergers And Acquisitions In The Veterinary Surgical Instruments Market
26. Top Veterinary Surgical Instruments Companies
27. Veterinary Surgical Instruments Market Opportunities And Strategies
28. Veterinary Surgical Instruments Market, Conclusions And Recommendations
29. Appendix
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