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Veterinary Surgical Instruments Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-11 

Veterinary Surgical Instruments Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Escalating growth in number of veterinary hospitals and veterinary surgeons across the globe is estimated to drive veterinary surgical instruments market outlook over 2019-2025. Moreover growing sensitivity to animals, social media promoting animal companionship and higher spending power are factors fueling the current trend of pet ownership, which will positively impact veterinary surgical instruments industry expansion.

As per a report by the AVMA (American Veterinary Medical Association), around 1,07,995 veterinarians were practicing in the United States in 2016 and the number has grown to 1,10,53 by 2017. With increasing number of veterinary surgeons and hospitals, the usage of surgical instruments is bound to increase and will hence boost the industry growth over the forecast timeline.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3700

Global market insights estimates that veterinary surgical instruments market size to surpass $1.8 billion by 2025. 

Economic growth in developing countries is complemented by an increase in consumption of animal protein. Livestock makes a significant contribution to agriculture GDP. Changes in livestock production and consumption is leading to emergence of new pathogens which are spreading from animals to humans on a global level. Healthy animals are closely related to humans and their environment.

In the U.S., 190 million motor vehicles hit the road every day, and one million animals get struck by vehicles which include cars, trucks, motorbikes, and buses. The number of animal accidents are growing every year. With increasing animal accidents, requirement for veterinary surgeries is also growing, along with the demand for veterinary surgery instruments .

Staplers and sutures segment is projected to gain high revenue share in the coming years. In 2018, staplers and sutures segment accounted for $97.2 million in the veterinary surgical instruments market share owing to their wide application in all types of surgeries performed on livestock, wild and companion animals. Moreover, the segment growth can be credited to demand for orthopedic implants owing to rising accidental injuries among animals.

Some of the greatest changes in pet ownership trends are due to technology and the advent of online purchasing. However, most of the growth is also because of cultural changes. As millennials are entering adulthood, they are embracing pet-owning/pet companionship and they are taking this pet-loving lifestyles to a far greater extent than the generations receding them did.

As per American Pet Products Association, it has been predicted that 74-96 million cats and 70-80 million dogs are owned in the U.S. Approximately 30%-37% have a cat and 37%-47% of all households in the U.S. have a dog.

An increasing number of pet lovers in China are enthusiastically adopting exotic animals which range from wild animals to reptiles. This is somewhat driven by easier transnational logistics and trade. The Chinese pet market share is predicted to surpass $44.67 billion by 2023.

As an end-use segment, veterinary hospitals will contribute to a CAGR of 5.3% over 2019-2025, due to the increasing need for veterinary hospitals and veterinary practitioners. Rising fondness for pets along with availability of skilled surgeons in these facilities will positively influence veterinary hospitals business growth.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/veterinary-surgical-instruments-market                                              

Partial Chapter of the Table of Content 

Chapter 5. Veterinary Surgical Instruments Market, By Animal Type

5.1. Key segment trends

5.2. Small & medium animals

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Large animals

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 6. Veterinary Surgical Instruments Market, By Application

6.1. Key segment trends

6.2. Dental surgery

6.2.1. Market size, by region, 2014 – 2025 (USD Million)

6.3. Orthopedic surgery

6.3.1. Market size, by region, 2014 – 2025 (USD Million)

6.4. Neurosurgery

6.4.1. Market size, by region, 2014 – 2025 (USD Million)

6.5. Ophthalmic surgery

6.5.1. Market size, by region, 2014 – 2025 (USD Million)

6.6. Others

6.6.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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