DUBLIN--(BUSINESS WIRE)--The "Veterinary Surgical Sutures Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029" report has been added to ResearchAndMarkets.com's offering.
The global veterinary surgical sutures market accounted for a market value of US$ 264.13 million in 2019 and projected to grow at a CAGR of 6.7% during the forecast period from 2021 to 2029.
Increasing pet ownership in developed and developing countries is one of the major drivers assisting the growth of veterinary surgical sutures market as pet owners are more concern about pet injuries and diseases. According to a survey conducted by American Pet Products Association's cat owners pay about $196 in routine care and about $400 on surgical visits and dog owners spend about $235 annually and $551 on surgical visits. Less than 15% of the pet owners are insured. Spread of covid 19 across 215 countries has had a large impact on the pet care market. Total visits to veterinarian clinics indicated a sharp dip.
Absorbable surgical sutures have huge market demand due to high efficiency, safety, and considered as accost efficient option over non-absorbable surgical suture
Absorbable surgical sutures further sub-segmented as monofilament, natural, and braided; thus, a wide range of product options assists doctor's convenience. The absorbable monofilaments are made of polydioxanone, natural sutures created with animal gut, and braided sutures are made of polyglycolic acid, & polyglactic acid. The key market drivers responsible for growth of veterinary surgical sutures market are rising prevalence of veterinary diseases due to developed diagnostic techniques, and high public awareness related to animal diseases & injuries.
Asia Pacific identified as the fastest growing veterinary surgical sutures market during the forecast period due to increasing trend of petting animals
Asia Pacific is growing significantly throughout the forecast period due to key market drivers such as developing veterinary diagnostic technologies & its increasing adoption, rising public awareness related to veterinary diseases and treatment options, and mounting number of specialty veterinary hospitals & clinics. China & Japan are the major veterinary surgical sutures market due to improved healthcare facilities, high awareness related to pet healthcare, and humanization of pets is growing significantly. One of the major factor assisting the veterinary surgeries to grow significantly is the rising trend of pet insurance in some major Asian countries such as Japan & China.
Companies Mentioned
- Medtronic plc
- B.Braun
- DemeTech
- KRUUSE UK Ltd.
- Ethicon US LLC
- Teleflex Incorporated
- Q-Close (Clinisupplies Ltd.)
- AmerisourceBergen Corporation
Key questions answered in this report
- Which is the most preferred veterinary surgical suture type in the market & Why?
- What is the impact of covid19 on the revenues and growth of the market?
- What are the current market strategies applied by the key market players & competitive analysis specific to veterinary surgical sutures market?
- Which are the key geographical markets (regions and countries) in veterinary surgical sutures market?
- Which is the largest and fastest growing veterinary surgical sutures types globally?
- How is the competitive landscape of veterinary surgical sutures market and strategies of key players present in this industry?
- Which is the major end-user of surgical sutures & Why?
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Veterinary Surgical Sutures (VSS) Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.2.1. Increasing public awareness related to veterinary care associated with pet & farm animals
3.2.2. Supportive pet insurance policies practiced by major veterinary healthcare markets globally
3.3. Challenges
3.3.1. Lack of knowledgeable & skilled veterinarian in developing & developed countries
3.4. Opportunities
3.4.1. Rising pet culture in developing countries and supportive healthcare policies for cattle animals by governments
3.5. Attractive Investment Proposition, by Geography, 2019
3.6. Competitive Landscape
3.6.1. Competitive Landscape, by Key Players, 2019
Chapter 4. Global Veterinary Surgical Sutures (VSS) Market, by Type of Suture, 2019-2029(US$ Mn)
4.1. Overview
4.2. Absorbable Surgical Suture
4.2.1. Monofilament
4.2.2. Natural
4.2.3. Braided
4.3. Non-absorbable Surgical Suture
4.3.1. Monofilament
4.3.2. Braided
Chapter 5. Global Veterinary Surgical Sutures (VSS) Market, by End-Users, 2019-2029(US$ Mn)
5.1. Overview
5.2. Hospitals
5.3. Clinics
Chapter 6. Global Veterinary Surgical Sutures (VSS) Market, by Geography, 2019-2029(US$ Mn)
6.1. Overview
6.3. Europe VSS Market Analysis, 2019-2029
6.4. Asia Pacific VSS Market Analysis, 2019-2029
6.5. Latin America VSS Market Analysis, 2019-2029
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/e8crg7
