Veterinary Surgical Devices Market size and growth: Veterinary Surgical Devices Market was worth USD 849.99 million in 2018 and estimated to be growing at a CAGR of 6.6%, to reach USD 1170.04 Million by 2023.
Veterinary Surgical Devices Market Overview:
With the increasing companion animal population and growing concern regarding pets the market is growing at a steady pace. A surgical instrument is a specially designed tool or device for performing specific actions of carrying out desired effects during a surgery or operation, such as modifying biological tissue, or to provide access for viewing it. Over time, many different kinds of surgical instruments and tools have been invented. Veterinary surgical instruments help veterinarians to perform these surgical operations on animals.
Veterinary Surgical Devices Market Drivers and Restraints:
The growth of Veterinary Surgical Devices market is driven by growing companion animal population coupled with pet insurance, increasing individual awareness regarding animal health, rising animal health expenditure. Also increase in number of veterinary practitioners, rise in their income levels in developed regions is going to assist in growth of the market. However, shortage of veterinarians in many developing regions, high pet care costs may hamper the growth of market. Furthermore, increasing awareness among individuals in developing regions regarding animal health provides great future potential for the market.
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Report segmented as
By Product Type:
• Sutures
• Foreceps
• Scissors
• Electrosurgery Instruments
• Cannulas
• Staplers And Accessories
By Animals:
• Canines
• Felines
• Large Animals
By Application:
• Soft Tissue
• Sterilization
• Gynecology
• Orthopedic Surgery
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Geographical Analysis:
Based on Geographical analysis the market is separated into regions of North America, Asia-Pacific, Europe, Latin America and Middle East and Africa. North America is leading the market while Europe is at second place. Higher adoption rate and favourable reimbursement policies favoured the dominance of North America. Asia-Pacific is expected to grow at the fastest CAGR due to increasing awareness regarding animal health and increasing livestock population. Product wise Sutures, Staples & accessories are holding major share in the market.
Important Market Players:
Some of the key players dominating this market include B.Braun Vet Care GmbH, Medtronic Plc., Ethicon Inc., JORGEN KRUSSE A/S, Jorgensen Laboratories, Smiths Group Plc., Neogen Corporation, Integra LifeSciences Holding Corporation, STERIS Corporation, DRE Veterinary, GerMedUSA Inc., Surgical Holdings, Sklar Surgical Instruments, World Precision Instruments Inc., Surgical Direct
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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