Veterinary Surgical Instruments Market Size
Exceeding USD 1.2 billion in 2022, the veterinary surgical instruments market is expected to grow at around 6.5% CAGR from 2023 to 2032. One major driver propelling corporate growth over the next 10 years is the significant increase in animal healthcare expenditure across industrialized economies.
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As pet owners grow more worried about their pet health and the steady rise in disposable incomes, surgical operations among animals have become somewhat widespread. For example, the Health for Animals estimates that US consumers will spend USD 123.6 billion on pets and pet-related goods in 2021 These issues have pushed governments and producers of veterinary products all around to make large investments and use new technology to upgrade current product lines.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Veterinary Surgical Instruments Market Size in 2022 | USD 1.2 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.6% |
| 2032 Value Projection | USD 2.4 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 233 |
| Segments covered | Product, Animal Type, Application, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
This will therefore help the sector of veterinary surgical tools. Furthermore improving the market revenue sources will be the growing knowledge of zoonotic diseases including rabies, brucellosis, Lyme disease, numerous foodborne diseases, and other health concerns and their increasing frequency. But the high cost of veterinary operations and the dearth of qualified veterinarians in underdeveloped countries could compromise market performance during the projected period.
Veterinary Surgical Instruments Market Analysis
Learn more about the key segments shaping this market
Regarding the product, veterinary surgical instruments market from electro-surgery instruments segment garnered over USD 300 million in revenue in 2022. Electro-surgery instruments are easy to handle and boast high sensitivity and accuracy while ensuring rapid healing by electrode pencils. The ample benefits linked with these devices, in tandem with their increasing usage in controlling bleeding and tissue dissection surgeries in animals.
Based on the animal, large animal segment is poised to depict over 6.5% CAGR between 2023 and 2032. Large animals are exposed to several injuries, including colics, wounds, fractures, and breakdown injuries that require critical care surgeries. These surgical procedures are highly complex and often require more than one surgeon and high-tech treatment facilities. Thus, the increasing incidences of such injuries and subsequent rise in surgical interventions in large animals will spur the demand for veterinary surgical instruments in the coming years.
With respect to application, overall market share from dental surgery segment is expected to grow at over 6% CAGR through 2032. Dental care is considered a critical aspect of pet health, as poor dental health can lead to various other health issues and also increase pet irritability. The prevalence of several dental conditions, such as periodontal and gingivitis disease, most commonly in cats and dogs, will create a favorable growth outlook for the veterinary surgical instruments market.
In terms of end-user, veterinary clinics segment amassed more than 56.5% market share in 2022 and is slated to witness remarkable growth during 2023-2032. Veterinary clinics have the availability of skilled veterinarians and offer access to several medical treatment facilities, surgery, examination, diagnosis, general health care, grooming, and observation of domestic birds and animals. Due to their better patient outreach, they are generally preferred for annual check-ups and in case of emergencies. These factors, coupled with the expanding network of veterinary clinics globally.
Learn more about the key segments shaping this market
By 2032, the European veterinary surgical instruments market is expected to reach USD 550 million. The regional landscape has changed in favor of veterinary services driven by the explosive frequency of zoonotic diseases as the West Nile virus, rabies, and zoonotic influenza. Moreover, the enlarged need for veterinary surgical tools in the area would be driven by the government officials' increased support leading to the growth of veterinary hospitals and clinics. From 2023 to 2032, U.S. veterinary surgical tools market is expected to expand at around 5.5% CAGR.
Veterinary Surgical Instruments Market Share
Leading veterinary surgical instruments manufacturers include
- B. Braun Vet Care
- Sklar Surgical Instruments
- Neogen Corporation
- Vimian Group
- Medtronic plc
- BMT Medizintechnik GmbH
- GerMedUSA
- Ethicon Inc.
- Jorgen KRUUSE A/S (Henry Schein)
- Jorgensen Labs
Businesses in this sector have been enhancing their strategic links in line with their main expansion plan. TheraVet recently revealed, for example, a partnership and distribution deal with Veterinary Instrumentation, one of the top firms offering surgical instruments and veterinary orthopaedics in May 2022. With this arrangement, the company is expected to improve its distribution network in U.K. and Ireland for the BIOCERA-VET product line, so increasing its market presence.
Impact of COVID-19 Pandemic
COVID- 19 19 Pandemic adversely impacted the market for veterinary surgical tools generally. Attributed to strict lockdown policies across many countries, surgical visits to hospitals and clinics saw a notable decline, which slowed down industry growth. Further restricting patient footfall at animal healthcare facilities was the delay and termination of non-essential surgical operations in response to reduce the virus transmission. For example, one animal health report indicates that 80% of veterinarians in the United States reported declining elective surgery visits and wellness visits. Apart from the diminishing economic growth and shifting consumer behavior, these elements affected the industry value chain during the crisis.
The veterinary surgical instruments market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments
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By Product
- Sutures & Staplers
- Forceps
- Scalpels
- Surgical Scissors
- Hooks & Retractors
- Trocars & Cannulas
- Electro-Surgery Instruments
- Others
By Animal Type
- Small & Medium Animals
- Large Animals
By Application
- Dental Surgery
- Orthopaedic Surgery
- Neurosurgery
- Ophthalmic Surgery
- Others
By End-use
- Veterinary Clinics
- Veterinary Hospitals
- Research Centers & Academia
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
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