Veterinary Surgical Instruments Market Size, Share, Growth Analysis, By Application(Segment, Global Market Share (%)), By Product(Sutures & Staplers, Forceps), By Animal Type(Small & Medium Animals, Large Animals), By Application(Dental Surgery, Orthopaedic Surgery), By End-use(Veterinary Clinics, Veterinary Hospitals), By Region(North America, Europe) - Industry Forecast 2024-2031

Segmentation Analysis:

The Veterinary Surgical Instruments Market is segmented by Application, Product, Animal Type, Application, End-use, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Application the market is segmented as, Segment, Global Market Share (%), 2022, Dental Surgery, 29.6%, Orthopedic Surgery, 22%, Neurosurgery, 14.6%, Ophthalmic Surgery, 17.9%, Others, 15.9%, 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., Better patient outreach to push product penetration across veterinary clinics, 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., Supportive government initiatives to bolster veterinary surgical instruments industry outlook across Europe, Europe veterinary surgical instruments market is set to exceed USD 550 million by 2032. The increasing demand for veterinary services fueled by the surging prevalence of zoonotic diseases such as the West Nile virus, rabies, and zoonotic influenza has positively influenced the regional landscape. Furthermore, the extended support from government authorities resulting in the expansion of veterinary hospitals and clinics will propel the demand for veterinary surgical instruments in the region., Partnerships to define the competitive landscape, Companies operating in this industry have been strengthening their strategic associations as part of their key growth strategy. For instance, in May 2022, TheraVet announced a partnership and distribution agreement with Veterinary Instrumentation, one of the leading companies providing veterinary orthopedics and surgical instrumentation. With this agreement, the company is expected to enhance its distribution network in U.K. and Ireland for the BIOCERA-VET product line, thereby strengthening its market presence., Limited hospital visits during COVID-19 impeded market growth, COVID-19 pandemic negatively affected the overall veterinary surgical instruments market. Attributed to stringent lockdown measures across several economies, surgical visits to hospitals and clinics witnessed a significant plunge, leading to sluggish market growth. Moreover, the postponement and cancellation of non-essential surgical procedures in response to mitigate the viral transmission further limited patient footfalls at animal healthcare establishments. To cite an instance, according to an animal health report, 80% of veterinarians reported a decrease in elective surgery visits and wellness visits in the U.S. These factors, in addition to the declining economic growth and changing consumer behavior, impacted the industry value chain during the crisis., KEY MARKET SEGMENTS
• Based on Product the market is segmented as, Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors, Trocars & Cannulas, Electro-Surgery Instruments, Others
• Based on Animal Type the market is segmented as, Small & Medium Animals, Large Animals
• Based on Application the market is segmented as, Dental Surgery, Orthopaedic Surgery, Neurosurgery, Ophthalmic Surgery, Others
• Based on End-use the market is segmented as, Veterinary Clinics, Veterinary Hospitals, Research Centers & Academia
• Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East & Africa