Veterinary Surgical Instruments Market Development Strategies Targeting Unmet Needs in South America and Asia Pacific Region by 2023

Market Synopsis of Veterinary surgical instruments Market:

Veterinary surgical instruments are used for the surgery procedure in animals. The global veterinary surgical equipment market is expected to reach US$ 2760.6 million in 2023 growing at a CAGR of 6.3% during the forecast period 2017-2023.

Market dynamics of Veterinary Surgical Instruments Market:

The veterinary surgical equipment market is chiefly driven by several favourable long term trends which includes the growing demand for animal products such as meat and milk, increasing awareness about animal care by bodies such as PETA, increasing stringency of regulations in developed regions, and others. However the growing animal insurance, rising animal health expenditure, and growth in the number of animals especially companion animals adoption are the critical driving factors of the markets.

Technological factors such as increased R&D expenditure, development of better and stronger materials etc. have made substantial contributions in relieving veterinary practice of the vice of poor quality products. Economic factors such as rising demand for animal products such as meat, milk etc., organized nature of the milk and meat industry, in U.S. and Europe which gives them high buying power, falling cost of veterinary equipment etc. The rising number of veterinary hospitals and animal welfare regulations and laws are also benefitting the market.

The market restraints are lack of awareness and knowledge gap in developing and poor regions regarding animal health and rising cost of pet care etc.

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Segmentation of the veterinary surgical equipment market

The global veterinary surgical instruments market is segmented on the basis of types, applications, and animal type.

The global veterinary surgical equipment market by types is divided into scalpel handles, forceps, dressing and tissue forceps, scissors, needle holders and retractors. Scissors market is commanding the largest market share in 2016, followed by needle holders.

Global veterinary surgical instruments market by application comprises of orthopaedic, sterilization, ophthalmic, and dental. Dental application holds the largest market share of followed by Ophthalmic.

Regional analysis of veterinary surgical equipment market

US accounts for the maximum market share due to organised and flourishing animal products industry, especially the meat and dairy industry. Europe occupies the second position led by Germany, France, Sweden and others. The South American nations of Argentina, Paraguay, and Uruguay etc. also have large markets. However there is a definite shift of veterinary surgical instruments market to Asia pacific region. The Asia Pacific region will be led by China and India.

Developing countries in Asia Pacific such as Indonesia, Cambodia, China, and India will hold a significant share of Asia Pacific veterinary surgical instruments market. The presence of large population with unmet needs and the growing practice of veterniary will drive the growth of the markets during the review period. Thus, the developing countries have potential to grow in this region due to less competition.

Key players of Global Veterinary surgical instruments Market:

Key players profiled in the report are Eickemeyer Veterinary Equipment Inc., Jørgen KRUUSE A/S, Surgical Holdings, Sklar Instruments, Whittemore Enterprises, Inc., Medtronics, B. Braun and others.

Product development is a strong strategy which must take into account the needs of the end users and markets. The veterinary surgical instruments is moving towards a miniaturisation phase. The development of advanced biocompatible materials such as absorbable sutures is driving the market for veterinary surgical instruments. The rising use of stainless steel has been coupled with the increasing use of Titanium prosthetics for orthopaedic. Titanium windpipes are another addition used for treating breathing problems in small animals such as dogs and cats. Having a larger and diverse product portfolio is a must in the market. Thus ccompanies spending a higher than average share on R&D expenses usually are well positioned and develop a diverse product portfolio and pipeline of products. The market is very fragmented which has put pressure on pricing. Thus product differentiation has gained attention leading to mergers and acquisitions. For example, Henry Schein acquired veterinary instrumentation, with an eye to its product portfolio and achieving dominance in the U.K. veterinary surgical instruments market.

Major Table of Contents for Veterinary Surgical Instruments Market- Global Forecast to 2023:

1 Report Prologue

2 Introduction

2.1 Research Objective

2.2 Assumptions & Limitations

2.2.1 Assumptions

2.2.2 Limitations

3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

…TOC Continued

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