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The global veterinary surgical instruments market is estimated to reach USD 1,029.0 Million by 2021 from USD 748.4 Million in 2016, grow at a CAGR of 6.6% during the forecast period.
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Veterinary Surgical Instruments Market by Product, Animal, Application - Forecast to 2021 The global veterinary surgical instruments market is estimated to reach USD 1,029.0 Million by 2021 from USD 748.4 Million in 2016, grow at a CAGR of 6.6% during the forecast period. The increasing demand for veterinary surgical instruments is driven by the rising companion animal population coupled with the growing demand for pet insurance, the rising animal health awareness levels along with the increasing animal healthcare expenditure. In addition, the growth in the number of veterinary practitioners and the growth in the number of soft tissue injuries and trauma surgeries among pets are responsible for driving the overall growth of this market. The emerging regions such as Asia-Pacific offer an added potential due to the large livestock population in this region and the rising disposable incomes in this region. Years considered for this report •2015 – Base Year •2016 – Estimated Year •2021 – Projected Year Download FREE Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=212886010 In 2015, North America dominated the veterinary surgical instruments market followed by Europe, Asia-pacific, and Rest of the World. Increasing number of companion animals, rising animal healthcare expenditure, increasing awareness about animal
diseases, growing number of veterinary practitioners and their income levels, and growth in the pet insurance market are factors driving the growth of this market. On the other hand, the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period. This can be mainly attributed to the rising livestock population, growing pet adoption, increasing awareness about animal health, progressive urbanization, and growing per capita animal health expenditure in this region. The global veterinary surgical instruments market is characterized by the presence of a large number of players. Amidst intense market competition, major players are continuously focusing on achieving higher market shares through new product launches, and collaborations and agreements in the market. The global market is fragmented in nature, with a large number of companies continuously trying to mark their presence. The market is led by B. Braun Vet Care GmbH (Germany), Medtronic Plc (Ireland), Ethicon Inc. (U.S.), and JORGEN KRUSSE A/S (Denmark). Other players in this market are Jorgensen Laboratories (U.S.), Smiths Group Plc (U.K.), Neogen Corporation (U.S.),Integra LifeSciences Holdings Corporation (U.S.), STERIS Corporation (U.S.), DRE Veterinary (U.S.), GerMedUSA, Inc. (U.S.), Surgical Holdings (U.K.), Sklar Surgical Instruments (U.S.), World Precision Instruments, Inc. (U.S.), Surgical Direct (U.S.), Antibe Therapeutics Inc. (Canada), and iM3 (U.S.). To Know More @ https://www.marketsandmarkets.com/Market-Reports/veterinary- surgical-instrument-market-212886010.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging
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