Veterinary Surgical Instruments Market Analysis And Forecast To 2031: By Product (Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors, Trocars & Cannulas, Electro-surgery Instruments), By Animal Type (Small & Medium Animals, Large

Veterinary Surgical Instruments Market Analysis And Forecast To 2031: By Product (Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors, Trocars & Cannulas, Electro-surgery Instruments), By Animal Type (Small & Medium Animals, Large Animals), By Application (Dental Surgery, Orthopedic Surgery, Neurosurgery, Ophthalmic Surgery), By End-use (Veterinary Clinics, Veterinary Hospitals, Research Centers & Academia) And Region

The global veterinary surgical instruments market was valued at USD 1.5 billion in 2021 and it is anticipated to grow up to USD 2.6 billion by 2031, at a CAGR of 5.5% during the forecast period.

Veterinary surgical instruments are tools that are used to perform surgery on animals. These instruments can be used to perform a variety of different procedures, including but not limited to: orthopedic surgery, soft tissue surgery, neurosurgery, and ophthalmic surgery. Veterinary surgeons use a variety of different instruments during surgery, and each instrument has a specific purpose.

Market Trends and Drivers

Growing adoption of pet animals for companionship coupled with increasing expenditure of animal healthcare are few of the major factors leading to growth of veterinary surgeries. For instance, as per the American Pet Products Association's 2021-2022 National Pet Owners Survey, in 2021, about USD 583 and USD 343 was spent annually in U.S. on surgical veterinary services for dogs and cats, respectively. Thus, high expenditure on pet care and veterinary services is anticipated to be the major factor leading to market growth across the forecast timeframe. Furthermore, high demand for veterinary surgical services due to growing number of trauma and soft tissue injuries will be further fostering the veterinary surgical instruments market share.

Market Restraints and Challenges

High cost associated with the veterinary surgeries can potentially limit the overall market growth of veterinary surgical instruments. Pet animals as well as other large animals require surgery for several reasons such as spay & neutering, oral surgery, hip dysplasia surgery etc. and the expenses can vary greatly depending on the procedure. For instance, hip dysplasia cost around USD 8,000, cataract surgery cost between USD 1,000 – USD 3,000 and chemotherapy charges over USD 5,000 during veterinary treatment. However, several other factors can contribute to the varying surgery cost such as procedure type, age of the pet, breed, and animal size, cost of veterinary surgical instruments used and whether treatment is performed by specialty vet.

Global Veterinary Surgical Instruments Market Segmental Overview

The report analyses the global veterinary surgical instruments market based on product, animal type, application, end-use, and region.

Global Veterinary Surgical Instruments Market by Product

Based on product, market is segmented into sutures & staplers, forceps, scalpels, surgical scissors, hooks & retractors, trocars & cannulas, and electro-surgery instruments. Out of these the electro- surgery instruments segment accounted for largest market proportion and is anticipated to remain dominant throughout the forecast period. High growth is attributed to various advantages associated with electrosurgery instruments such as easy handling, high accuracy and sensitivity coupled with reduced damage to surrounding tissue. Further, these instruments utilize electric currents to cut and coagulate tissues and have accessibility in areas that are difficult to reach with scalpel surgery. It is extremely useful for saving life of animals by offering high precision with small incision. Thus, benefits and minimal risk associated with the use of electro-surgery instrument is expected to foster the veterinary surgical instruments market demand.

Global Veterinary Surgical Instruments Market by Animal Type

Based on animal type, the veterinary surgical instruments market is divided into small & medium animals, and large animals. The small & medium animals segment accounted for significant market revenue in 2021 and is expected to register considerable growth throughout the forecast period. The significantly rising pet adoption trends along with the growing expenditure on the pet care by their owners is expected to spur the market growth. For instance, according to the North American Pet Health Insurance Association (NAPHIA)’s State of the Industry Report 2022, the total premium pet insurance volume in the U.S. was near to USD 2.6 billion (28% increase from 2020) in 2021. Hence, availing pet insurance will help pet parents to decrease their out-of-pocket expense.

Global Veterinary Surgical Instruments Market by Application

Based on the application, the veterinary surgical instruments market is divided into dental surgery, orthopedic surgery, neurosurgery, and ophthalmic surgery. Among these, the dental surgery segment accounted for a significant market proportion in 2021 and is expected to register nearly significant CAGR between 2022 to 2030. Dental care is an important aspect of pet health, as poor dental health can lead to various other health issues in pets. Pets tend to become irritable as they begin to have dental problems. They may show signs of dental conditions such as periodontal and gingivitis disease which is most common in cats and dogs. For instance, as per the American Veterinary Dental College, majority of pet dogs and cats aged above three years are affected with dental disorders. Therefore, the dental care for pets is extremely essential for overall pet health. Thus, the necessity for dental care in pets will surge the dental surgery volume.

Global Veterinary Surgical Instruments Market by End-user

With regards to end-use, the veterinary surgical instruments market is divided into veterinary clinics, veterinary hospitals, and research centers & academia. Based on end-use, the veterinary clinics segment accounted for significant market revenue in 2021. Growing number of veterinary clinics coupled with better patient outreach are major factors for growth of veterinary clinics segment. Also, the clinics is noted to witness huge number of visits in case of any problems with the animal or animal’s annual check-up. This includes complete physical examination, with robust investigation of pet's head, body and tail, and all assorted cavities including emergency surgery if required.

Geographical Analysis of Global Veterinary Surgical Instruments Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America veterinary surgical instruments market revenue is poised to grow significant CAGR during the forthcoming years. North America dominated the veterinary surgical instruments market value, contributing USD 459.6 million in 2021 and is anticipated to register a lucrative growth throughout the forecast period. The growing pet adoption rate along with increasing number of skilled veterinary practitioners is driving the regional market growth. For instance, as per the statistics of American Pet Products Association 2021-2020 National Pet Owners Survey, approximately 90.5 million households in U.S. have a pet with a count nearly to 69 million dogs and 45.3 million cats. Similarly, the prevalence of zoonotic diseases such as west nile virus, rabies and zoonotic influenza among others have significantly increased the demand for veterinary services in the North American region. Thus, rising demand for pet insurance coupled with growing prevalence of various disorders that require surgical procedures will significantly drive regional veterinary surgical instruments market revenue.

Major Players in the Global Veterinary Surgical Instruments Market

The key players in the veterinary surgical instruments market are

COVID-19 Impact

The emergence of COVID-19 pandemic had put forth huge challenges on the veterinary care sector. Several elective surgeries, procedures and visits were postponed due to restrictions on the mobility of the population and increasing number of COVID1-9 cases in 2020. Moreover, only few of the emergency veterinary hospitals were addressing limited and emergency cases and were restricting client access to hospitals. As a result of procedural deferral, various companies witnessed a dip in the sales of surgical products, thereby significantly impacting the market growth in 2020. However, with the launch of new vaccines and continuation of animal surgical procedures, the veterinary surgical instruments market is expected to resume to pre-COVID levels from 2021 onwards.

Recent Developments

• In April 2022, Movora, a business division of Vimian Group, acquired two product portfolios of veterinary surgical instruments and orthopedic implants in the U.S. This strategy helped the company to enter into new product category and enhanced their product portfolio of orthopedic implants along with strengthening its veterinary surgical instruments market position.
• In September 2019, Jorgensen Laboratories launched its surgical staplers for veterinary surgical procedures. This product launch enabled the company to add value to its existing product portfolio and aid in revenue generation.
• In November 2019, ApexVets launched single-use surgical instruments for veterinary practice.
• In July 2018, B. Braun Vet Care signed an agreement with CP Medical wherein the company would market B. Braun’s veterinary Infusion Therapy product line in U.S. and Canada.

Frequently Asked QuestionsQ1. How big is the medical power supply market?Ans. The global veterinary surgical instruments market size was USD 1.5 billion in 2021 and is anticipated to reach USD 2.6 billion in 2031, growing at a rate of 5.5% from 2022 to 2031.Q2. What is the veterinary surgical instruments market growth rate?Ans. The growth rate of the veterinary surgical instruments market is 5.5%.Q3. Which region holds a major market share for the market?Ans. North America holds a major market share of the veterinary surgical instruments market in 2021.Q4. Which segment accounted for the largest veterinary surgical instruments market share?Ans. By end user, the hospitals segment accounted for the largest veterinary surgical instruments market share.Q5. Who are the key players in the veterinary surgical instruments market?Ans. The global veterinary surgical instruments market report includes players such as Q6. What are the factors driving the veterinary surgical instruments market growth?Ans. The major factors driving the growth of the market are increasing animal healthcare expenditure in developed nations.Q7. What are the key growth strategies of veterinary surgical instruments market players?Ans. The key growth strategies of veterinary surgical instruments market players are product launch and product approval.Q8. Which region will provide more business opportunities for the veterinary surgical instruments market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the veterinary surgical instruments market during the forecast period.

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