January 02, 2020
According to the research report titled ‘U.S. 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), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the U.S. veterinary surgical instruments market is expected to cross USD 650 million by the year 2025.
Increasing public awareness regarding animal health, in tandem with growing occurrence of zoonotic diseases are driving the U.S. veterinary surgical instruments market growth. Surging expenditure in animal healthcare owing to state-of-the-art medical facilities for pets and livestock is also aiding the market expansion. There has been an increase in utilization of advanced dental devices by various veterinarians to treat periodontal diseases across the country. This factor, in tandem with rising prevalence of trauma surgeries and soft tissue injuries are stimulating the U.S. veterinary surgical instruments industry outlook.
Rising number of cases pertaining to intraocular hemorrhage, retinal detachment, and cataract among animals are also contributing to the surging demand of veterinary ophthalmic surgery device across the United States. Although growing inclination towards pet insurance policies fuel the business scenario, but high costs of veterinary surgeries will hinder the market growth.
The report cites that scalpels segment held 12.8% share of U.S. veterinary surgical instruments market in 2018. These blades are available in several shapes and sizes as per the surgical procedure requirement. Moreover, easy availability of disposable and re-usable scalpels is fueling the growth of the segment.
In terms of animal type, U.S. veterinary surgical instruments market from large animal segment is expected to grow by 4.7% during the estimated timeframe. Growing occurrence of chronic diseases causes monetary loss to farmers. Rising need to prevent and treat various zoonotic infections will impel the segmental growth.
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According to the report, veterinary hospitals end-use segment held 41.2% revenue share in 2018, owing to shifting consumer preference for these settings for treatment of farm animals. Additionally, availability of advanced treatment procedures and easy access to veterinary experts are also driving the growth of the segment.
The prominent companies operating in the U.S. veterinary surgical instruments market are Neogen Corp., B. Braun VetCare, Jørgen Kruuse A/S, and Jorgensen Laboratories among others.
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