The veterinary surgical instruments market is set to reach from US$ 728.5 Mn in 2017 to US$ 1,336.9 Mn by 2026 showcasing steady growth at a compound annual growth rate (CAGR) of 7.0% during the forecast period from 2018 to 2026. As per the latest research findings of World Organization for Animal Health (OIE), foot and mouth disease is responsible to circulate in 77% of the global livestock population. It is highly contagious disease with a 100% morbidity rate in susceptible cattle population. It has a high prevalence rate in low and middle income countries worldwide.

"Technological advancement in and availability at low cost drive the handheld devices market growth"

Handheld devices are reigning the product segment for veterinary surgical instruments market. Availability at low cost and technological advancement drive the handheld devices market growth. Increasing expenditure towards veterinary health further bolster the handheld devices market growth. Electrosurgery instruments is becoming popular among veterinary surgeons owing to its inherent features such as easy handling, high accuracy and rapid healing by employing electrode pencils in performing sensitive surgical procedures of innate organs.

"Rising incidence of gingivitis and periodontitis in animals drive the dental surgery market growth"

In the present scenario dental surgery dominates the application segment for veterinary surgical instruments market. Rising incidence of dental deformities such as gingivitis and periodontitis in pet animals drive the dental surgery market growth. Lack of oral hygiene, proliferation of bacteria in dental cavities and presence of minerals in saliva leads to rapid deterioration of dental health. Periodic visit to dental clinics can subsequently protect animal dental health. Technological advancement in the dental devices further propel the dental surgery market growth. Orthopedic surgery is gaining immense attention owing to rising incidence of violence and harsh Behaviour towards companion animals and increasing cases of musculoskeletal disorders in farm animals such as bovine, equine etc. 

"Rising public health awareness related to veterinary animals and growing incidence of zoonotic disease drive the market growth in North America"

North America currently represents 40% share in the regional segment for veterinary surgical instruments market. The major factors contributing towards its exemplary growth are rising public health awareness regarding veterinary animals and growing incidence of zoonotic disease. Presence of pioneering medical device manufacturers such as Ethicon, Inc., Medtronic, Plc., Smiths Group, Plc and DRE Veterinary etc. further provide positive impetus to market growth in North America region. Europe holds second position with 30% share owing to significant adoption of companion animals and provision of pet animal insurance. Asia Pacific is accountable for 15% market share and will grow at a rapid pace during the forecast period on account of increasing demand for animal derived products and proactive government policies to support veterinary health.

Medical device companies manufacturing veterinary surgical instruments are Antibe Therapeutics, Inc., Neogen Corporation, B.Braun Vet Care GmbH, Medtronic, Plc., DRE Veterinary, Jorgen Kruuse A/S, Ethicon, Inc., Smiths Group, Plc., Integra Lifesciences Holding Corporation and Surgical Holdings.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Veterinary Surgical Instruments market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Veterinary Surgical Instruments market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Veterinary Surgical Instruments market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Veterinary Surgical Instruments market?
• Which is the largest regional market for Veterinary Surgical Instruments market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Veterinary Surgical Instruments market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Veterinary Surgical Instruments market worldwide?