Global Veterinary Surgical Instrument Market by Product (Electrosurgery Instruments, Handheld Devices), by Application (Soft Tissue, Dental Surgery) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global veterinary surgical instruments market was valued at USD 902.3 millions in 2019. It is forecast to grow 7.0% over the forecast period. Market growth is expected to be driven by the increasing number of surgical procedures for pets in developing countries. Dental, cataract, hip dysplasia and spay/neuter are the most popular types of surgery on pets. German Research Statistics (2017) estimates that around 2.0 million animals had undergone surgical procedures in 2016. A 7.1% growth rate has been recorded since 2015.

The market for surgical instruments for vets is being driven by a growing number of practitioners and technological advances. According to the American Veterinary Medical Association, there were 113,394 veterinary professionals in the United States in 2018, compared with 110,531 in 2017. The market is also experiencing growth due to an increase in the number and quality of veterinary clinics and hospitals.

The market for veterinary surgical tools is expected to grow due to rising demand for animal insurance, increased adoption of companion animals and government initiatives to combat zoonotic disease. A report by the North American Pet Health Insurance Association, (NAPHIA), shows that in the United States and Canada, nearly 2.0 million pets were covered in 2017. This represents an average increase of 17.0% over the previous year.

The demand for veterinary surgery is increasing due to the rising incidence of periodontal disease in pets and the need for better treatment options. As of 2018, around 49.6% have lost their teeth in companion animals. Additionally, there has been an increase in demand for advanced oral surgery and periodontal procedures. Further, the availability of effective post-operative pain management options is driving the demand to veterinary surgical instruments.

Additionally, obesity is causing an increase in health conditions such as osteoarthritis and heart disease, dental problems, diabetes, and other issues. These conditions call for surgical intervention. These conditions are fueled by major breakthroughs in veterinary practice and surgical instruments, such as orthotics and prosthetics advancements and microfracture detection in racehorses.

Product Insights

The largest share of 2019 was held by handheld devices. The largest share of 2019 was held by handheld devices. These devices can be further sub-segmented as forceps, hooks, retractors, surgical scissors and other tools. The segment will grow due to technological advancements in surgical instruments and increased animal healthcare spending. According to AVMA, US pet owners spent USD 15.4 Billion on veterinary surgery in 2017.

Because of its advantages, such as high sensitivity and accuracy, ease-of-use, and quick healing by electrode pencils, the electrosurgery instrument segment is expected to see the most growth during the forecast period. This segment is expected to grow due to the increasing use of bipolar electrosurgery tools. To increase their market share, key industry players are taking steps such as mergers and acquisitions, partnerships, collaborations, and partnership. DRE Veterinary, for instance, signed an agreement in January 2019 with Avante Health Solutions to market its electrosurgical units via Avante's strong geographical presence.

Information on Animal Types

Due to increasing numbers of chronic diseases in horses and increased spending on animal health care in developing countries, the large animal segment dominated this market in 2019. The World Health Organization (WHO) is engaging in various activities to address health threats at the human-animal-ecosystem interface including antimicrobial resistance, food-borne zoonoses, and food safety. This will drive the need to provide better care for companion animals and equip them with veterinary surgical tools.

Due to increasing small animal ownership, and the demand for effective animal care, the market for veterinary surgical instruments is expected to see a significant increase in small animals. A report from the Humane Society of the United States states that 60.2 million households in the United States had at least one dog by 2017. Segment growth is expected to be driven by the increasing number of CCL (cranial cruciate ligament) surgeries in dogs.

Application Insights

Due to pet owners' increasing awareness about dental health, the dental surgery segment accounted the largest share of 2019's market. This segment is also growing due to increasing rates of periodontal disease and technological advances in dental instruments and devices. A report from the Australian and American Veterinary Dental Society states that gum disease is a growing problem in cats and dogs. In 2017, more than 70% of dogs and 80.0% were diagnosed with the condition.

Due to an increase in animal hospitals and a rising demand for orthopedic implant, the orthopedic surgery segment will see steady growth. The AVMA reported that the average veterinary expense per household in the United States was USD 253 for dogs, and USD 98 to cats in 2017. The segment is growing because of the efforts of key industry players to provide advanced treatment options for veterinary orthopedics. Veterinary Orthopedic Implants, for example, launched TPLO Plate in June 2018 to improve orthopedic surgery in pets.

Regional Insights

In 2019, North America held the largest market share for veterinary surgical tools worldwide. The region's increased demand for veterinary surgical tools will be boosted by the collective efforts of key players to expand their product lines and maintain high quality standards. To increase its range of veterinary electrosurgical tools, Symmetry Surgical Inc. bought Bovie Medical in August 2018. Market growth is also boosted by the increasing demand for pet insurance. A report by the North American Pet Health Insurance Association, (NAPHIA) states that more than 2.5 million pets were covered under insurance plans in the U.S.A and Canada as of 2018.

The Asia Pacific market is expected to grow due to pet humanization and an increased awareness about animal welfare over the forecast period. Japan held a large share of the region's market. This is due to its rapid adoption of advanced diagnostic techniques and growing geriatric pet populations. Many Japanese cats and dogs live to 12 to 13 years old. The demand for surgical intervention is increasing due to the rising number of animals suffering from chronic diseases. These factors will continue to drive the demand for surgical instruments for veterinary use in the future.

Market Share in Veterinary Surgical Instruments

There are many small and large players in the industry. B. Braun Vet Care GmbH and Medtronic are the dominant players in the market for veterinary surgical tools. Neogen Instrument Management Services and STERIS Instrument Management Services are other market players.

To increase their revenue share, market players are now focusing on new strategies like mergers, acquisitions and regional expansions. B. Braun Vet Care, for example, signed a deal with CP Medical in July 2018 to market its veterinary Infusion Therapy product in the U.S. and Canada. ApexVets introduced single-use surgical tools for veterinary practice in 2019.

Market Report Scope for Veterinary Surgical Instruments

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2016 to 2027. Grand View Research has divided the global veterinary surgical instruments market report by product, animal type and application.

• Veterinary Surgical Instrument Product Outlook (Revenue USD Million, 2016 - 2030)

  • Handheld Devices

    • Forks

    • Scalpels

    • Surgical Scissors

    • Hooks & Retractors

    • Other

  • Electrosurgery Instruments

  • Sutures, Taplers, and Accessories

  • Other

• Veterinary Surgical Animal Type Outlook (Revenue USD Million, 2016 – 2027)

  • Large animals

  • Small Animal

• Veterinary Surgical Instrument Application Outlook (Revenue USD Million, 2016 – 2027).

  • Soft Tissue Surgery

  • Cardiovascular Surgery

  • Ophthalmic Surgery

  • Dental Surgery

  • Orthopedic Surgery

  • Other

• Regional Outlook for Veterinary Surgical Instruments (Revenue, USD million, 2016 - 2027).

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global veterinary surgical instrument demand was valued at USD 902.3 Million in 2019, and is forecast to rise to USD 961.3 Million in 2020.

b. Global veterinary surgical instruments market is expected grow at a compound annual rate of 7.0% between 2020 and 2027, reaching USD 1,541.6million by 2027.

b. With a 38% share in 2019, North America dominated veterinary surgical instruments market. This is due to the rapid adoption and growing number of geriatric pets.

b. B. Braun Vet Care GmbH and Medtronic are some of the key players in the veterinary surgical instruments market.

b. The key factors driving growth in the veterinary surgical instrument industry include an increase in surgical procedures for pets, an increase of practitioners, and technological advances in veterinary surgical instruments.

Up Market Research published a new report titled “Veterinary Surgical Instrument Market research report which is segmented by Product (Electrosurgery Instruments, Handheld Devices), by Application (Soft Tissue, Dental Surgery), By Players/Companies Neogen, STERIS Instrument Management Services, B Braun Vet Care GmbH, Jorgen Kruuse A/S, SurgiVet, Medtronic”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Veterinary Surgical Instrument Market Report Segments:

The market is segmented by Product (Electrosurgery Instruments, Handheld Devices), by Application (Soft Tissue, Dental Surgery).

Veterinary Surgical Instrument Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Veterinary Surgical Instrument Market

Overview of the regional outlook of the Veterinary Surgical Instrument Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Veterinary Surgical Instrument Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Veterinary Surgical Instrument Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Electrosurgery Instruments

                2. Handheld Devices

                1. Soft Tissue

                2. Dental Surgery

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Veterinary Surgical Instrument Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Veterinary Surgical Instrument Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.