Veterinary Surgical Instruments Market Research Report- Forecast till 2027
Veterinary Surgical Instruments Market
The industry of animal healthcare has seen strong technological advances in the last two decades. Most of these new tools and procedures have been adopted from human medical practice. These advanced technologies have not only led to better treatments, but also faster and precise diagnosis. From Ultrasounds and MRIs to the Amplatz Canine Ductal Occluder, there are various new technologies that are giving veterinary specialists a greater ability to diagnose and ultimately save sick animals globally. New technologies such as Magnetic resonance imaging, Ultrasounds, Laparoscopy, Microfracture detection, 3-D printing and Recombinant DNA.
The global Veterinary Surgical Instruments Market has been evaluated as average growing market and is expected to witness higher single digit growth in coming years. The market has been extremely fragmented with a large number of players.
While various veterinary technologies are likely to effect the industry in 2016, the biggest advancement is probable going to be the ability to print 3D objects, this rapid-prototyping procedure has been used by veterinary specialists to create animal bone models from information collected by computed tomography scans. This procedure not only helps veterinarians educate pet owners about their pet’s medical treatment or condition, but it also helps veterinary specialists to gain a solid understanding of a pets internal bone or muscle structure before going in to operate.
Major Key Players:
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.
Segment Analysis
The global Veterinary Surgical Instruments Market is segmented on the basis of types. Based on the types, the market has been segmented as scalpel handles, forceps, dressing, scissors, needle holders and retractors. Based on the applications, the market has been segmented as orthopedic, sterilization, ophthalmic, dental surgical instruments market. Based on the animals, the market has been segmented as canines, felines and large animals.
Regional Analysis
The regions among which the global Veterinary Surgical Instruments Market is projected to expand during the assessment period include Europe, Asia Pacific, South America, North America and the rest of the world (RoW).
The United States (US) in North America holds the biggest share of the global market, due to factors like favorable reimbursement scenario coupled with the presence of an organized meat and dairy industry. The growth in the collective efforts put in by renowned players for the improvement in their product portfolio, in addition to ensuring the high-quality standards of their products is expected to give a significant boost to the demand for veterinary surgical instruments in the region. To illustrate, STERIS Corporation had acquired Integrated Medical Systems Inc. in November 2014, in conjunction with privately owned businesses named Total Repair Express and Spectrum Surgical Instrument Corporation. On top of this, the surging demand for pet insurance is bring excellent business for the regional market as well. A report published by the North American Pet Health Insurance Association (NAPHIA) suggests that in 2017, over 2 million pets in the U.S. as well as Canada come under the insurance plan.
Seizing the second-largest share of the global market, Europe benefits from a considerable hike in the number of veterinary hospitals as well as practitioners along with technological advancement in surgical tools. In addition to this, affordable reimbursement scenario as well as a rapid rise in pet adoption is working in favor of the Veterinary Surgical Instruments Market in the region.
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