Global Veterinary Surgical Instruments Market Opportunities And Strategies 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
The Business Research Company’s veterinary surgical instruments market report forecasts the veterinary surgical instruments market size to grow to $1.67 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
Learn More On The Veterinary Surgical Instruments Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-surgical-instruments-global-market-report
Veterinary Surgical Instruments Market Size Forecast
The global veterinary surgical instruments market is expected to grow from $1.19 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global veterinary surgical instruments market size is expected to reach $1.67 billion in 2027 at a CAGR of 7.1%.
North America held the largest veterinary surgical instruments market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Veterinary Surgical Instruments Market Driver – Increase In Number Of Surgical Procedures On Pets
According to the National Library of Medicine, a biological library situated in the United States, the total number of spay-neuter surgeries for dogs and cats in the United States increased by 11.78% in 2021, from 1,059,388 in 2020 to 1,184,274 in 2021. As a result, rising healthcare costs are propelling the veterinary surgical instruments market.
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Key Veterinary Surgical Instruments Market Trend – Product Innovation
To strengthen their competitiveness, market participants in veterinary surgical tools are focusing heavily on the development of innovative technological solutions. Axio Biosolutions, a US-based developer of sophisticated surgical and wound care products, for example, introduced the SureKlot line of veterinary wound management solution products. This improved wound care line is India’s first comprehensive veterinary wound management solution, assisting in the control of bleeding and the speedy recovery of wounds in animals.
Veterinary Surgical Instruments Market Segment
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, Orthopaedic Surgery, Ophthalmic Surgery, Other Applications
Veterinary Surgical Instruments Market Major Players and Strategies
Major players in the veterinary surgical instruments market are B Braun Vet Care GmbH, Medtronic Plc, Jorgen KRUUSE A/S, Smiths Medical, Neogen Corporation, Integra LifeSciences Holdings Corporation, STERIS Instrument Management Services Inc., GerMedUSA Inc., Sklar Surgical Instruments, Jorgensen Laboratories LLC, Génia SAS, ShinMedico Inc., Vimian Group, Eickemeyer Veterinary Equipment Inc., Rajindra Surgical Industries, World Precision Instruments Inc, Surgical Direct, and DRE Veterinary.
Aspen Surgical Products, Inc., a full-service veterinary hospital situated in the United States, acquired Symmetry Surgical for an unknown sum in 2022. Aspen will be able to expand into more desirable adjacent categories, add more clinically favoured goods to its already formidable portfolio, and develop new commercial capabilities and routes to market in both acute and non-acute care settings as a result of its acquisition of Symmetry. Symmetry Surgical is a surgical instrumentation and solutions company based in the United States.
The Veterinary Surgical Instruments Global Market Report 2023 covers regional data on veterinary surgical instruments market size, veterinary surgical instruments market trends and drivers, opportunities, strategies, and veterinary surgical instruments market competitor analysis. 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.
Hand-held equipment or implements that assist veterinarians and assistants in performing surgery and extending the lives of pets are referred to as veterinary surgical instruments. As part of treatment, veterinarians can use veterinary surgical equipment to access the soft tissue, remove the bone, dissect and isolate the lesion, and remove or repair the abnormal structures.
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