AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global Veterinary Surgical Instruments Market Analysis by Animal, Application, Product and Region - Forecast to 2025: A $1.33 Billion Opportunity - ResearchAndMarkets.com

March 6, 2019

DUBLIN--(BUSINESS WIRE)--Mar 6, 2019--The “Veterinary Surgical Instruments Market Analysis Report By Animal (Large, Small), By Application, By Product (Electrosurgery Instruments, Handheld Devices, Sutures & Staplers), And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The global veterinary surgical instrument market size is expected to reach USD 1.33 billion by 2025, exhibiting a CAGR of 6.8% during the forecast period.

Surging demand for pet adoption is estimated to drive the market during the forecast period. Increasing income in developing countries has also driven the market.

For instance, according to a report by the American Veterinary Medical Association, in 2017, around 46% household had multiple types of pets in the U.S.

Furthermore, key players implement strategies such as mergers and acquisitions to sustain in this competitive market. For instance, in 2014, Neogen Corporation acquired SyrVet Incorporated and Prima Tech Incorporated in a probe to expand its product portfolio.

Moreover, technological advancements in surgical devices and availability of a number of detection techniques are anticipated to create growth opportunities for the market. Some of these are micro fracture detection, laparoscopy, and 3D printing.

For instance, in October 2016, Surgical Holdings launched reusable surgical instruments for general surgeries in an attempt to cut the cost of the instruments.

Further key findings from the report suggest:

  • Handheld devices accounted for the largest revenue share in 2017, owing to their multipurpose use and ease of handling
  • On the basis of animal type, the small animal segment is projected to exhibit lucrative growth over the forecast period owing to growing incidence of pet adoption and surging demand for efficient care
  • Based on application, the dental surgery segment is poised to dominate the market throughout the forecast period due to increasing prevalence of periodontal diseases and rising demand for pet dental cure
  • North America held the dominant position in the global arena in 2017, due to favorable pet insurance policies and new product launch by companies. For instance, in February 2016, DRE Veterinary launched a new radiology unit named DRE Stationary DR X-ray System
  • Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising demand for pet adoption and growing income, especially in Japan and India
  • Some of the key companies in the market are Medtronic, DRE Veterinary, B. Braun Vet Care GmbH, and Jorgen Kruuse A/S

Topics Covered

Chapter 1 Report Scope

1.1 Segment Market Scope

1.2 Regional Scope

1.3 Estimates & Forecast Timeline

Chapter 2 Research Methodology

2.1 Model Details

2.1.1 Regression and variable analysis

2.1.2 Total addressable market (TAM)

2.2 Information Procurement

2.3 List of Primary Sources

2.4 Primary Interview Breakup

2.4.1 Data for primary interviews, by sources

2.4.2 Data for primary interviews, by region

2.5 List of Secondary Sources

Chapter 3 Report Objectives

3.1 Objectives

Chapter 4 Executive Summary

4.1 Market Summary

Chapter 5 Market Definitions

5.1 Definitions

Chapter 6 Veterinary Surgical Instrument Market: Industry Outlook

6.1 Market Variable Analysis

6.2 Market Driver Analysis

6.2.1 Increasing prevalence of pet Adoption

6.2.2 Technological advancements

6.2.3 Growing Incidence of zoonotic diseases

6.2.4 Rising number of government initiatives

6.3 Market Restraints Analysis

6.3.1 High Instrument cost

6.3.2 Lack of awareness

6.4 Business Environment Analysis Tools

6.4.1 Veterinary Surgical Instrument market - SWOT Analysis, By Factor (Political & Legal, Economic And Technological)

6.4.2 Porter’s Five Forces Analysis

Chapter 7 Regulatory & Political Forces

7.1 Regulatory Landscape

7.1.1 List of regulations, by country

7.1.2 U.S.

7.1.3 Canada

7.1.4 China

7.1.5 India

7.1.6 Mexico

7.1.7 Brazil

7.1.8 Russia

7.1.9 South Africa

7.2 Political Landscape, Current & Future Scenario

7.2.1 North America

7.2.2 Europe

7.2.3 Asia Pacific

7.2.4 Latin America

7.2.5 MEA

Chapter 8 Competitive & Vendor Landscape

8.1 Market Participation Categorization

8.1.1 Market leader

8.1.2 Innovators

8.2 Strategic Initiatives & Outcome Analysis

Chapter 9 Veterinary Surgical Instrument Market: Product Analysis

9.1 Product Business Analysis

9.2 Handheld Devices

9.3 Electrosurgery Instruments

9.4 Sutures, Staplers, and Accessories

9.5 Others

Chapter 10 Veterinary Surgical Instrument Market: Animal Type Analysis

10.1 Site Business Analysis

10.2 Large Animal

10.3 Small Animal

Chapter 11 Veterinary Surgical Instrument Market: Application Analysis

11.1 Application Business Analysis

11.2 Soft Tissue Surgery

11.3 Cardiovascular Surgery

11.4 Ophthalmic Surgery

11.5 Dental Surgery

11.6 Orthopedic Surgery

11.7 Others

Chapter 12 Veterinary Surgical Instrument market: Regional Analysis

12.1 North America

12.2 Europe

12.3 Asia Pacific

12.4 Latin America

12.5 MEA

Chapter 13 Company Profiles

13.1 Key Company Profiles

13.1.1 B. Braun Vet Care GmbH

13.1.2 Medtronic

13.1.3 Jorgen Kruuse A/S

13.1.4 Smiths Group PLC

13.1.5 Neogen Corporation

13.1.6 STERIS Instrument Management Services

13.1.7 DRE Veterinary

13.1.8 Surgical Holdings

13.1.9 GerMedUSA

13.1.10 World Precision Instruments

Chapter 14 Recommendations/Conclusion

14.1 Recommendations

14.2 Conclusion

For more information about this report visit https://www.researchandmarkets.com/research/vj6pqc/global_veterinary?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190306005701/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Animal Healthcare/Veterinary

KEYWORD:

INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL SUPPLIES VETERINARY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/06/2019 01:50 PM/DISC: 03/06/2019 01:50 PM

http://www.businesswire.com/news/home/20190306005701/en