March 28, 2020

Veterinary Surgical Instruments Market will be growing at a CAGR of 7.0% during the forecast period from 2018 to 2026

The latest market report published by Credence Research, Inc. “Global Veterinary Surgical Instruments Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global market for veterinary surgical instruments was valued at US$ 728.5 million in 2017 and is expected to reach US$ 1.336.9 million by 2026, increasing to CAGR by 7.0 per cent from 2018 to 2026.

Market Insights:

Zoonotic diseases are a threat to human life, as we are totally dependent on veterinary animals, from food to manual labor. The market for veterinary surgical instruments is driven by a significant increase in the number of veterinary hospitals and practitioners worldwide and by technological advancements in surgical tools. Affordable reimbursement scenario and pet adoption further boost the market growth of veterinary surgical instruments.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/veterinary-surgical-instruments-market

Handheld devices are the market leader in the product segment for veterinary surgical instruments. Availability at low cost and rampant increase in animal surgery worldwide drives the market growth of handheld devices. Electrosurgery instruments are gaining popularity due to their inherent characteristics such as high precision, ease of handling and rapid healing by using electrode pencils to perform sensitive surgical procedures of innate organs.

Dental surgery is the application segment of the market for veterinary surgical instruments. Increased cases of dental deformities in veterinary animals such as gingivitis and periodontitis. The lack of oral hygiene and the presence of minerals in saliva further deteriorates the dental health of animals. Technological advances in dental equipment further boost the market for dental surgery. Orthopedic surgery will increase at a rapid pace during the forecast period due to an increasing incidence of musculoskeletal disorder in farm cattle and a significant increase in violent behavior towards companion animals.

North America is currently the world’s largest market leader in veterinary instruments with a 40% market share. Rising prevalence of zoonotic diseases and increasing public health awareness of veterinary animals are driving market growth in the North American region. The existence of key players such as Medtronic Plc., Ethicon, Inc., DRE Veterinary, etc. further consolidates market growth in the North American region. Europe, with a share of 30%, is in second place due to the favorable refund for veterinary animals and the significant adoption of pet animals. Asia Pacific has a market share of 15% due to rising foot-and-mouth disease prevalence and proactive government policies to support veterinary health.

Medical device companies manufacturing veterinary surgical instruments are Antibe Therapeutics, Inc., Neogen Corporation, B.Braun Vet Care GmbH, Medtronic, Plc, DRE Veterinary, Jorgen Kruuse A/S, Ethicon, Inc., , Smiths Group, Plc., Integra Lifesciences Holding Corporation and Surgical Holdings.

Key Market Movements:

  • Rising prevalence of foot and mouth disease worldwide
  • Increasing demand for animal derived food and significant adoption of companion animals
  • Technological advancement in surgical instruments employed in veterinary surgical procedures

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59591

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type

  • Handheld Devices
    • Forceps
    • Scalpels
    • Surgical Scissors
    • Hooks & Retractors
  • Electrosurgery Instruments
  • Sutures & Staplers
  • Others

By Application Type

  • Cardiovascular Surgery
  • Soft Tissue Surgery
  • Dental Surgery
  • Ophthalmic Surgery
  • Orthopedic Surgery
  • Others

By Geography Segment

· North America (the U.S., Rest of North America)

· Europe (U.K., Germany, France, Rest of Europe)

· Asia Pacific (China, Japan, India, Rest of Asia Pacific)

· Rest of the World (the Middle East & Africa, Latin America)

Key questions answered in this report

  • What are the latest mergers and strategic collaboration taking place in veterinary surgical instruments market?
  • What are the drivers, restraints and opportunities pertaining to veterinary surgical instruments market
  • Which major players are participating in the veterinary surgical instruments market?
  • What is the performance of dental surgery in veterinary surgical instruments market?
  • What will be the market size and CAGR for Electrosurgery instruments during the forecast period from 2018 to 2026?
  • What are the major contributing factors determining market growth in developed regions such as North America and Europe?

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59591

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