U.S. Veterinary Surgical Instruments Market Size
U.S. Veterinary Surgical Instruments Market size held a valuation of over USD 453.5 million in 2022 and is anticipated to grow at over 5.5% CAGR from 2023 to 2032. Driven by increasing expenditure towards healthcare for animals, especially pets.
To get key market trends
Growing knowledge of pet health and care has raised demand for life-saving veterinary surgical operations around the nation. Most of the increase happened during the COVID-19 epidemic, when many Americans were choosing companion animals to maintain companionship during lockdowns.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| U.S. Veterinary Surgical Instruments Market Size in 2022 | 453 Million (USD) |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.5% |
| 2032 Value Projection | 827 Million (USD) |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 75 |
| Tables, Charts & Figures | 56 |
| Segments covered | Product, Animal Type, Application, and End-use |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Elevated costs of veterinary surgeries may hinder market expansion
Although animal care is becoming more and more popular in the U.S. veterinary surgical tools market, the great cost of veterinary operations can restrict them. With expenses vary widely across different animals as well as operations, many pets and cattle need spaying and neutering surgery, hip dysplasia surgery, oral surgery, and similar. Studies have revealed that many owners are more likely to give up their ownership if they cannot afford to provide their dogs the required medical treatment given the current COVID-19 associated financial difficulties people in the nation experience.
U.S. Veterinary Surgical Instruments Market Analysis
Learn more about the key segments shaping this market
Product-based classification of U.S. veterinary surgical instruments market includes trocars and cannulas, sutures and staplers, surgical scissors, forceps, hooks and retractors, scalpels, and electro-surgery instruments. Of these, the segment on surgical scissors is estimated to reach USD 186 million by 2032. Considering the general availability of several kinds of surgical scissors with diverse forms and sizes. Further increasing their demand in veterinary institutions, the product also boasts of a wide spectrum of applications across all kind of veterinary operations, simple or advanced.
Driven by fast expanding millennial pet ownership, U.S. veterinary surgical instruments market from small and medium animals segment is expected to show above 5.5% CAGR from 2023 to 2032. According to American Pet Products Association's 2021 national pet owners survey, third of the pet owners in the nation are millennials. Smaller pets are less expensive to care for, including in terms of surgery, which is influencing general segment outlook; they may also be readily fit in smaller homes like apartments.
Applications guide the market into dental surgery, orthopedic surgery, ophthalmic surgery, and neurosurgery. By 2022, the dental surgery category will have about 29.5% of the market share. By the age of three years, 80% of dogs and 70% of cats are thought to have some kind of dental illness, claims DVM Multimedia. In pets, dental problems cause the most of the diseases. Given many owners today growing knowledge of dental hygiene and pet care, the segment is anticipated to see significant development.
Learn more about the key segments shaping this market
Veterinary clinic section of U.S. veterinary surgical instruments market projected USD 249 million in 2022. This results from the growing number of veterinary clinics around the nation. Additionally predicted to enhance industry income is the improved patient outreach these clinics provide to pet owners. Rising pet ownership and animal health consciousness are expected to encourage more visits to vets in terms of monthly and annual check-ups.
U.S. Veterinary Surgical Instruments Market Share
Some of the key players in the industry are
- Medtronic plc
- Jorgen KRUSSE A/S (Henry Schein)
- B. Braun Vet Care
- Neogen Corporation
- Ethicon
- Sklar Surgical Instruments
- Jorgensen Labs
- BMT Medizintechnik GmbH
- Vimian Group
- GerMedUSA
The industry has witnessed a number of acquisitions and mergers lately.
COVID-19 Impact
The market was seriously affected by the COVID-19 pandemic globally, as surgical visits of animals went down drastically due to the social distancing and lockdown restrictions. Moreover, the postponement of vet visits by owners during the pandemic further saw fewer veterinary surgeries being performed during the period, acutely impacting the market negatively. However, considering that pet ownership grew tremendously during the pandemic, the industry is likely to witness a strong bounce back phase fueled by first-time owners.
The U.S. veterinary surgical instrument market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million 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
- Orthopedic Surgery
- Neurosurgery
- Ophthalmic Surgery
- Others
By End-use
- Veterinary Clinics
- Veterinary Hospitals
- Research Centers & Academia
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