Veterinary Surgical Instruments Market Estimated to Reach USD 1.28 Billion Revenue by 2023

PUNE, India, June 15, 2017 /PRNewswire/ -- Market Research Future has a Half Cooked Research Report on Veterinary Surgical Instruments Market. The Global Market for Veterinary Surgical Instruments is growing continuously and expected to grow at a CAGR of 6.4% from 2014 to 2023.

Market Overview:

The Global Veterinary Surgical Instruments Market was around US$ 726.3 million in 2015 and is expected to reach US$ 1.28 billion by 2023.

The Global Veterinary Surgical Instruments Market has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly in the near future. Veterinary is concerned with prevention, diagnosis and treatment of diseases in animals. It also deals with the treatment and cure for the injuries. Increasing awareness about animal health is driving the market for veterinary surgical instrument market. Growing number of veterinarian and veterinary clinics are major drivers of the market. Veterinary surgical instruments are used in general care, surgery, and treatment. About 75% of veterinarians are working in private hospitals or pet clinics. Changing disease pattern, diversity, and number of animal species needs different surgical approach. Pet ownership is trend in urban area and it is growing continuously. Pet grooming and other health related issues are growing which is good factor for growth of veterinary surgical instruments. Farmers are also getting more aware about the health of their cattle which is good sign for the growth of the market. Veterinary instrument manufacturers are developing new instruments along with traditional ones to provide more usable product in the market. Veterinary instruments are used in orthopedic surgery, oncologic surgery, and dental surgery and so on. The type of surgery may vary depending on type of animal. Availability of skilled veterinary professionals, advanced healthcare facilities and infrastructure are key market drivers in most of the North American and European countries while lack of knowledge about diseases, lack of availability of skilled veterinarians and veterinary facilities, slow adoptability of new technology are prohibiting the growth for the market.

Global Veterinary Surgical Instruments Market Players:

There are plenty of large and small market players which operate in this market all over the globe. Some of them are B. Braun Vet Care GmbH (Germany), Eickemeyer Veterinary Equipment Inc. (Canada), Jørgen KRUUSE A/S (Denmark), MEDICON eG (Germany), MEDTRONIC (Republic of Ireland), Sklar Surgical Instruments (USA), Surgical Holdings. (UK), Whittemore Enterprises. (US)

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Regional Analysis:

Depending on geographic region, Veterinary Surgical Instruments Market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa.

Considering the global scenario of the market, Europe is believed to be the largest market for Veterinary Surgical Instruments. Due to increasing demand of meat and milk products in European countries are driving the growth for the market. There are around 2,43,000 veterinarians and about 350 million cattle in Europe, which means there is 0.38 veterinarians per 1000 population. Changing disease pattern and increasing awareness about animal health is driving the growth for the Europe veterinary surgical instruments market. Many NGO's and government are working to improve the healthcare for animals. Moreover the North America market is also growing and second largest market for Veterinary Surgical Instruments. Increasing pet ownership and growing awareness about livestock diseases are driving the growth in North America veterinary surgical instruments market. Top class healthcare facilities and innovative approach towards new medical practices are major market drivers in North America.  Veterinary surgical instruments manufacturers are investing money in R&D to develop new and innovative product for market. Availability of skilled veterinarian are another major factor for the growth of the market. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Veterinary Surgical Instruments during the forecasted period. Rising demand and awareness are key market drivers in Asia-Pacific region. Veterinary healthcare market size is huge and this market has high potential for growth. Farming is main profession in most of the Asian countries thus they have cattle in there farm, increasing diseases and growing awareness are leading the growth for the market in this region. Increasing number of veterinarian is also key factor for the growth of the market. Rest of the World is likely to have a limited but steady growth in the market. Lack of access to veterinary healthcare, lack of skilled veterinary professionals, lack of knowledge about diseases are prohibiting the growth of the market in this region.

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Commenting on the report, an analyst from Market Research Future (MRFR)'s team said: The market for Veterinary Surgical Instruments is growing moderately and expected to continue its growth similarly in near future. Veterinary Surgical Instruments are useful during the surgery or operation of animal. These instruments mainly are of two types based on their use such as general use and specifically used during surgery. Increasing demand for veterinary treatment is driving the growth for the market. Veterinary instrument manufacturers are also developing new products and expanding their service network which is good sign for the market. Increasing consumer awareness is also one of the key factor in driving the growth for Veterinary Surgical Instruments Market.

Market Segmentation:

Veterinary Surgical Instruments market has been segmented on the basis of type which comprises Scalpel handles, Forceps, Dressing and tissue forceps, Scissors, Needle holders, Retractors, and Others. On the basis of application, the market is segmented into Orthopedic, Sterilization, Ophthalmic, Dental, and others. On the basis of animal market segmented into Canines, Felines, and Large Animals.

Browse Related Report:

Veterinary Imaging Market Information, by Type (Radiology, Ultrasound, CT Scan, Endoscopy, Magnetic Resonance Imaging (MRI)), Application (Orthopedic, Dental, Oncology, Cardiology), Type of Animal (Canines, Felines), and End User (Veterinary Hospitals and Clinics, Research Centers) - Forecast to 2023

https://www.marketresearchfuture.com/reports/veterinary-imaging-market-2919

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SOURCE Market Research Future