Veterinary Surgical Instruments Market - Global Forecast to 2021

The global veterinary surgical instruments market is estimated to reach USD 1,029.0 Million by 2021 from USD 748.4 Million in 2016, grow at a CAGR of 6.6% during the forecast period.

The increasing demand for veterinary surgical instruments is driven by the rising companion animal population coupled with the growing demand for pet insurance, the rising animal health awareness levels along with the increasing animal healthcare expenditure.

In addition, the growth in the number of veterinary practitioners and the growth in the number of soft tissue injuries and trauma surgeries among pets are responsible for driving the overall growth of this market. The emerging regions such as Asia-Pacific offer an added potential due to the large livestock population in this region and the rising disposable incomes in this region.

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Years considered for this report

• 2015 – Base Year
• 2016 – Estimated Year
• 2021 – Projected Year

The major players in the global veterinary surgical instruments market are B. Braun Vet Care GmbH (Germany), Medtronic Plc.(Ireland), Ethicon Inc. (U.S.), JORGEN KRUSSE A/S (Denmark), Jorgensen Laboratories (U.S.), Smiths Group Plc (U.K.), Neogen Corporation (U.S.), Integra LifeSciences Holdings Corporation (U.S.), STERIS Corporation (U.S.), DRE Veterinary (U.S.), GerMedUSA, Inc. (U.S.), Surgical Holdings (U.K.), Sklar Surgical Instruments (U.S.), World Precision Instruments, Inc. (U.S.), Surgical Direct (U.S.), Antibe Therapeutics Inc. (Canada), and iM3 (U.S.).

Target Audience:

• Veterinary Surgical Instrument Manufacturers and Distributors
• Veterinary Hospitals and Clinics
• Veterinary Institutes
• Research Institutes
• Government Associations
• Research and Consulting Firms
• Animal Health Research & Development (R&D) Companies
• Contract Manufacturing Organizations (CMOs)

In 2015, North America dominated the veterinary surgical instruments market followed by Europe, Asia-pacific, and Rest of the World. Increasing number of companion animals, rising animal healthcare expenditure, increasing awareness about animal diseases, growing number of veterinary practitioners and their income levels, and growth in the pet insurance market are factors driving the growth of this market. On the other hand, the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period. This can be mainly attributed to the rising livestock population, growing pet adoption, increasing awareness about animal health, progressive urbanization, and growing per capita animal health expenditure in this region.

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