DUBLIN--(BUSINESS WIRE)--The "Veterinary Surgical Instruments Market Analysis Report By Animal (Large, Small), By Application, By Product (Electrosurgery Instruments, Handheld Devices, Sutures & Staplers), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global veterinary surgical instrument market size is expected to reach USD 1.33 billion by 2025, exhibiting a CAGR of 6.8% during the forecast period.
Surging demand for pet adoption is estimated to drive the market during the forecast period. Increasing income in developing countries has also driven the market.
For instance, according to a report by the American Veterinary Medical Association, in 2017, around 46% household had multiple types of pets in the U.S.
Furthermore, key players implement strategies such as mergers and acquisitions to sustain in this competitive market. For instance, in 2014, Neogen Corporation acquired SyrVet Incorporated and Prima Tech Incorporated in a probe to expand its product portfolio.
Moreover, technological advancements in surgical devices and availability of a number of detection techniques are anticipated to create growth opportunities for the market. Some of these are micro fracture detection, laparoscopy, and 3D printing.
For instance, in October 2016, Surgical Holdings launched reusable surgical instruments for general surgeries in an attempt to cut the cost of the instruments.
Further key findings from the report suggest:
- Handheld devices accounted for the largest revenue share in 2017, owing to their multipurpose use and ease of handling
- On the basis of animal type, the small animal segment is projected to exhibit lucrative growth over the forecast period owing to growing incidence of pet adoption and surging demand for efficient care
- Based on application, the dental surgery segment is poised to dominate the market throughout the forecast period due to increasing prevalence of periodontal diseases and rising demand for pet dental cure
- North America held the dominant position in the global arena in 2017, due to favorable pet insurance policies and new product launch by companies. For instance, in February 2016, DRE Veterinary launched a new radiology unit named DRE Stationary DR X-ray System
- Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising demand for pet adoption and growing income, especially in Japan and India
- Some of the key companies in the market are Medtronic, DRE Veterinary, B. Braun Vet Care GmbH, and Jorgen Kruuse A/S
Topics Covered
Chapter 1 Report Scope
1.1 Segment Market Scope
1.2 Regional Scope
1.3 Estimates & Forecast Timeline
Chapter 2 Research Methodology
2.1 Model Details
2.1.1 Regression and variable analysis
2.1.2 Total addressable market (TAM)
2.2 Information Procurement
2.3 List of Primary Sources
2.4 Primary Interview Breakup
2.4.1 Data for primary interviews, by sources
2.4.2 Data for primary interviews, by region
2.5 List of Secondary Sources
Chapter 3 Report Objectives
3.1 Objectives
Chapter 4 Executive Summary
4.1 Market Summary
Chapter 5 Market Definitions
5.1 Definitions
Chapter 6 Veterinary Surgical Instrument Market: Industry Outlook
6.1 Market Variable Analysis
6.2 Market Driver Analysis
6.2.1 Increasing prevalence of pet Adoption
6.2.2 Technological advancements
6.2.3 Growing Incidence of zoonotic diseases
6.2.4 Rising number of government initiatives
6.3 Market Restraints Analysis
6.3.1 High Instrument cost
6.3.2 Lack of awareness
6.4 Business Environment Analysis Tools
6.4.1 Veterinary Surgical Instrument market - SWOT Analysis, By Factor (Political & Legal, Economic And Technological)
6.4.2 Porter's Five Forces Analysis
Chapter 7 Regulatory & Political Forces
7.1 Regulatory Landscape
7.1.1 List of regulations, by country
7.1.2 U.S.
7.1.3 Canada
7.1.4 China
7.1.5 India
7.1.6 Mexico
7.1.7 Brazil
7.1.8 Russia
7.1.9 South Africa
7.2 Political Landscape, Current & Future Scenario
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 MEA
Chapter 8 Competitive & Vendor Landscape
8.1 Market Participation Categorization
8.1.1 Market leader
8.1.2 Innovators
8.2 Strategic Initiatives & Outcome Analysis
Chapter 9 Veterinary Surgical Instrument Market: Product Analysis
9.1 Product Business Analysis
9.2 Handheld Devices
9.3 Electrosurgery Instruments
9.4 Sutures, Staplers, and Accessories
9.5 Others
Chapter 10 Veterinary Surgical Instrument Market: Animal Type Analysis
10.1 Site Business Analysis
10.2 Large Animal
10.3 Small Animal
Chapter 11 Veterinary Surgical Instrument Market: Application Analysis
11.1 Application Business Analysis
11.2 Soft Tissue Surgery
11.3 Cardiovascular Surgery
11.4 Ophthalmic Surgery
11.5 Dental Surgery
11.6 Orthopedic Surgery
11.7 Others
Chapter 12 Veterinary Surgical Instrument market: Regional Analysis
12.1 North America
12.2 Europe
12.3 Asia Pacific
12.4 Latin America
12.5 MEA
Chapter 13 Company Profiles
13.1 Key Company Profiles
13.1.1 B. Braun Vet Care GmbH
13.1.2 Medtronic
13.1.3 Jorgen Kruuse A/S
13.1.4 Smiths Group PLC
13.1.5 Neogen Corporation
13.1.6 STERIS Instrument Management Services
13.1.7 DRE Veterinary
13.1.8 Surgical Holdings
13.1.9 GerMedUSA
13.1.10 World Precision Instruments
Chapter 14 Recommendations/Conclusion
14.1 Recommendations
14.2 Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/vj6pqc/global_veterinary?w=4
