Exploring Key Insights of the Veterinary Surgical Instruments Market: Growth Prospects, Emerging Trends, and Opportunities
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What key factors are powering the surge in the veterinary surgical instruments market right now?
The market size for veterinary surgical instruments has been experiencing robust growth in the past few years. The market, which was valued at $1.35 billion in 2024, is projected to increase to $1.45 billion in 2025, with a notable compound annual growth rate (CAGR) of 7.4%. The notable growth during the period can be ascribed to an increase in veterinary practices, improvements in regulatory standards and quality assurance, as well as an enhancement in veterinary education and emphasis on specialized surgeries.
How fast Is the veterinary surgical instruments market expected to grow, and what’s its future value?
Over the coming years, the market for veterinary surgical instruments is projected to experience significant expansion. Forecasts predict that the market will increase to an approximate $1.99 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 8.2%. The predicted increase during the forecasting period can be ascribed to various factors such as greater spending on pet healthcare, an increase in demand for specialized tools, the ascent of minimally invasive surgical procedures, the growth in veterinary services, and a focus on ergonomic designs. The forecast period will witness some major trends, including a shift towards specialized devices, developments in veterinary medicinal practices, increasing pet ownership, specialized surgical procedures for animals, and an emphasis on minimally invasive methods.
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What are the leading drivers of growth in the veterinary surgical instruments market?
The escalating count of surgical processes implemented on pets is anticipated to thrust the veterinary surgical instruments market to progress further. The reference to a surgical procedure is a medical intervention that involves making an incision using instruments to treat an illness or mend damage to a living body. Veterinary surgical instruments enable surgeons to conduct surgery utilizing these instruments for incisions, dissections, and suturing of the wound. To illustrate, the US-based medical organization, National Library Of Medicine, recorded in June 2024 that 212 clinics reported 190,818 fewer neuter surgeries during the years 2021-2022 when compared to preceding years. Hence, the growing number of surgical procedures performed on pets is fuelling the advancement of the veterinary surgical instruments market.
What are the key segments defining 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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Who are the key players steering the development of 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
What emerging trends are influencing the growth of the veterinary surgical instruments market?
Leading companies in the market for veterinary surgical instruments are advancing their offerings with the creation of innovative devices such as revolutionary veterinary portable ultrasound systems. These advancements aim to boost diagnostic precision, enhance on-the-go capabilities for field veterinarians, and offer real-time imaging during surgery. The cutting-edge veterinary portable ultrasound system is a highly sophisticated diagnostic imaging device, tailored particularly for veterinary usage. For example, in May 2024, Esaote North America Inc., a firm based in the US offering medical products, introduced the MyLab Omega eXP VET. This ultra-modern portable ultrasound system is created particularly for veterinary purposes. Positioned within the veterinary surgical instruments market, this new system intends to amplify the diagnostic imaging capabilities of veterinarians. This top-of-the-line technology ensures high-definition imaging from superficial to deeper tissues, guaranteeing clear and precise diagnostics.
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Which regions are most influential in expanding 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
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