Veterinary Surgical Instruments Market Size 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

Veterinary Surgical Instruments Market Size 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), COVID-19 Impact Analysis, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Veterinary Surgical Instruments Market is anticipated to grow substantially through 2032, owing to the constantly rising demand for high-quality treatments for animal health procedures such as surgery. In addition, the increasing number of veterinary hospitals will also play a key role in positively impacting the overall market outlook over the foreseeable future. Timesaving, cost reduction, efficient use, and quality improvement are some of the key benefits that will propel veterinary surgical instruments demand globally.

Besides, the technological revolution in the veterinary surgical instruments industry is empowering practitioners to carry out faster diagnoses and more accurate prognoses, ultimately saving animal lives and offering better care outcomes.

Overall, the veterinary surgical instrument industry is segmented in terms of product, animal type, application, end-use, and region.

Considering the product, the sutures and staplers segment was valued at over USD 92 million in 2022. An increasing number of veterinary surgeries worldwide is slated to influence the adoption of sutures and staplers across the veterinary industry. As per credible reports, private practices observe approximately 55% of the veterinary surgeries globally.

Based on animals, the small and medium animals segment will grow considerably, owing to the rising spending by pet owners for the well-being of their pet companions. According to Insurance Information Institute statistics, the total pet industry expenditures in the U.S. totaled to USD 123.6 million in 2020. Besides, rising awareness regarding pet insurance policies will also be a key element supplementing the market expansion.

By application, the orthopedic surgery segment accounted for over 22% market share in 2022. Increasing incidences of bone-related issues and fractures in dogs and cats will spur the demand for orthopedic surgery in the coming years.

In terms of end-use, the research centers and academia segment will depict considerable CAGR during the forecast years. Institutes are undertaking research projects for developing new medicines and therapies and designing unique veterinary surgical tools and equipment. In addition, research facilities and academic organizations frequently use these instruments for various surgical purposes.

Regionally, the North America veterinary surgical instruments market held over 40% market share in 2022. The regional market growth is anticipated to come from the growing adoption of pets. The presence of the leading key players and an increasing number of skilled veterinary practitioners will further support the product demand. Additionally, the number of veterinary experts is rapidly growing in the region due to the lucrative job prospects in the veterinary sector, which will escalate the market growth in the ensuing years.