Unlocking the Future of the Veterinary Surgical Instruments Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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Analyzing the Growth Rate of the Veterinary Surgical Instruments Market: What’s the Expected CAGR for the Next Decade?
The market size of veterinary surgical instruments has seen robust growth in the recent past. The market is predicted to increase from $1.35 billion in 2024 to $1.45 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.4%. Factors such as the broadening of veterinary practices, enhancement of regulatory standards, assurance of quality, betterment of veterinary education, and a concentrated focus on specialized surgeries have contributed to the growth in the historical period.
The market for veterinary surgical instruments is anticipated to witness a robust increase in its size in the upcoming years. It is predicted to reach a total of $1.99 billion by 2029, growing at a compound annual growth rate of 8.2%. Various factors such as an increase in pet healthcare expenditure, burgeoning demand for unique instruments, an uptick in less invasive procedures, and a broader range of veterinary services with a primary focus on ergonomic designs contribute to the growth within the forecast period. Observations show predominant trends including a shift towards customized instruments, advancements in the field of veterinary medicine, increased pet ownership, and specialized veterinary surgeries with a considerable concentration on minimally invasive methods.
What Combination of Drivers Is Leading to Accelerated Growth in the veterinary surgical instruments Market?
The veterinary surgical instruments market is anticipated to be boosted by the growing number of surgical procedures being performed on pets. Surgical procedures, which involve incisions made with instruments to address diseases or repair bodily damage, are being increasingly carried out using veterinary surgical tools. These tools allow surgeons to carry out various aspects of the surgery, including making the incision, dissection, and wound closure. To illustrate, the US-based National Library Of Medicine recorded that 212 clinics reported a decrease of 190,818 neuter surgeries between 2021-2022 compared to earlier years in June 2024. Consequently, the flourishing number of pet surgeries is stimulating the growth of the market for veterinary surgical tools.
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What Are the Leading Organizations Impacting the Veterinary Surgical Instruments Market’s Growth?
Major companies operating in the veterinary surgical instruments market include:
• B. Braun Vet Care GmbH_x000D_
• Jorgen KRUUSE A/S_x000D_
• Neogen Corporation_x000D_
• Ethicon Inc._x000D_
• Jorgensen Laboratories_x000D_
What Are the Most Prominent Trends Driving Change in the Veterinary Surgical Instruments Market?
Leading businesses in the market for veterinary surgical instruments are developing innovative tools like top-of-the-line veterinary portable ultrasound systems to increase diagnostic precision, facilitate the mobility of field vets, and offer real-time imaging during surgeries. A state-of-the-art veterinary portable ultrasound system is a high-tech diagnostic imaging tool designed particularly for veterinary use. For example, in May 2024, Esaote North America Inc., a company based in the US that provides medical products, introduced the MyLab Omega eXP VET, an advanced portable ultrasound system developed specifically for veterinary uses. This new system resides within the veterinary surgical instruments market with the intention to boost diagnostic imaging capabilities for vets. This sophisticated technology offers high-definition imaging from superficial to deeper tissues, guaranteeing accuracy and precision in diagnostics.
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Which Key Market Segments Comprise the Veterinary Surgical Instruments Market and Drive Its Revenue Growth?
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
What Regions Are Leading the Charge in the Veterinary Surgical Instruments Market?
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
What Does the Definition of the Veterinary Surgical Instruments Market Include?
Veterinary surgical instruments refer to hand-held tools or implements that help veterinarians and assistants to perform surgery and extend the life of pets. Veterinary surgical instruments allow doctors to open the soft tissue, remove the bone, dissect and isolate the lesion, and remove or repair the aberrant structures as a part of treatment
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