Veterinary Surgical Instruments Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.32 Billion |
| Market Size (2029) | USD 1.84 Billion |
| CAGR (2024 - 2029) | 6.87 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Veterinary Surgical Instruments Market Analysis
The Veterinary Surgical Instruments Market size is estimated at USD 1.32 billion in 2024, and is expected to reach USD 1.84 billion by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).
The market is expected to grow due to increased animal adoption and health expenditure. Also, the emergence of various animal diseases, associated surgical procedures, and technological advancements are among the key trends that may trigger market growth.
The global adoption of pets is increasing significantly, with pets becoming an essential part of households worldwide. Pet owners are placing greater emphasis on their pets' well-being. This heightened concern has driven the demand for veterinary surgical instruments, for the management and treatment of chronic diseases. For instance, according to the Pet Ownership Statistics 2024, pet ownership in the United States has jumped significantly over the past three decades. As of 2024, 66% of US households (86.9 million homes) own a pet. Thus, high pet adoption is expected to increase demand for mobile veterinary services such as grooming, which is anticipated to boost the market’s growth during the forecast period.
Further, the high prevalence of zoonotic diseases, which impact animals on a vast scale, is expected to elevate the demand for veterinary surgical instruments, thereby boosting market growth. For instance, in October 2022, the Centers for Disease Control and Prevention stated that one in every 25 packages of chicken was contaminated with Salmonella in the United States. Thus, the high burden of chronic diseases in animals is expected to increase demand for care and treatment and is likely to contribute to market growth over the forecast period.
Also, with rising technological advancements and increased expenditure on animal healthcare, devices, and instruments have become better, safer, and more precise. Adopting key strategies to advance surgical animal care is also expected to boost the market. For instance, in April 2022, Orthomed partnered with Osso VR to bring RoVR surgical training to the animal health market. This first-of-its-kind training technology allows veterinarians to practice procedures anytime, anywhere in virtual reality (VR). Such technological integration is expected to improve surgical procedures' efficiency, increasing the number of surgeries performed and, thus, driving the market.
Moreover, the increasing launches of surgery programs are anticipated to increase the need for surgical instruments that are used for examining and performing surgeries on veterinary animals. For instance, in September 2023, the University of Florida College of Veterinary Medicine launched an open heart surgery program for dogs which offers a complex procedure known as mitral valve repair. This is anticipated to fuel market growth over the forecast period.
Thus, due to the increase in animal adoption and the rise in strategic activities by the key players, the segment is expected to grow over the study period. However, the increasing animal health costs and stringent regulations for approving such devices are factors expected to restrain market growth.
Veterinary Surgical Instruments Market Trends
Companion Animals Segment is Expected to Register Significant Market Growth Over the Forecast Period
A companion animal is kept primarily for a person's company or entertainment rather than as a working animal, livestock, or laboratory animal. A growing number of households worldwide are adopting and keeping companion animals as part of the family. Therefore, pet parents desire the best possible health for their pets. Species suitable to be companion animals include dogs, cats, horses, rabbits, ferrets, birds, and guinea pigs.
The companion animal segment is expected to grow significantly due to the increasing prevalence of chronic diseases, pet adoption, and strategic initiatives. For instance, as per the Pets in Australia survey conducted in 2022, the Australian pet population was estimated to be 28.7 million after the COVID-19 pandemic, with 6.9 million households with a pet. Hence, the high number of companion animal adoptions is expected to propel the market's growth.
Also, an increase in chronic disease in companion animals that require surgery is expected to promote market growth. For instance, according to the article published in May 2022 in PubMed, the lifetime prevalence of malignant tumors increased with increasing dog size class compared to toy and small dogs. The age-adjusted prevalence for medium, standard, large, and giant dogs were 1.65, 2.92, 3.67, and 2.99, respectively. Such a high burden of cancer cases in companion animals is expected to increase surgical interventions and, therefore, contribute to market growth over the forecast period.
Therefore, the segment is expected to grow over the forecast period due to increased companion animal adoption and the surge in chronic diseases and surgical procedures in animals.
North America Anticipated to Hold a Significant Market Share Over the Forecast Period
North America is expected to witness significant growth, owing to the rising adoption of companion animals and increased expenditure on animal healthcare. The United States is expected to retain its significant market share due to factors like rising pet adoption and increasing per capita animal healthcare expenditure. Additionally, the rise in the prevalence of various animal diseases and injuries is a major factor expected to fuel market growth.
The increasing pet health spending in the United States is expected to increase demand for pet veterinary surgical instruments, which is likely to contribute to the market’s growth. For instance, according to the North American Pet Health Insurance Association, USD 136.8 billion was spent on pets in the United States in 2022. Hence, all these factors create high growth opportunities for veterinary surgical instruments in North America.
The increasing adoption of pet animals across the region is anticipated to fuel the need for veterinary procedures, propelling market growth. For instance, according to 2023 data published by Shelter Animals Count, about 54% of cats and 46% of dogs were adopted in the United States in 2023, registering an increase of 2% compared to 2022. The increasing number of pet adoptions and heightened awareness among pet owners about pet health drive the necessity for regular health checkups. This, in turn, fuels the demand for surgical instruments in veterinary healthcare facilities, propelling market growth.
Launching products that facilitate surgical procedures in the country and adopting key strategies, such as partnerships, investments, and expansions, are expected to boost market growth. For instance, in April 2022, Vimian Group acquired two product portfolios of veterinary surgical instruments and orthopedic implants in the United States. The acquisition marked its entry into a new product category with veterinary surgical instrumentation and expanded Vimian's portfolio of high-quality orthopedic implants for companion animals.
Thus, due to the increase in the number of animals and the rise in surgical procedures in animals, the market studied is expected to grow in the region over the study period.
Veterinary Surgical Instruments Industry Overview
The market studied is semi-consolidated with the presence of several players. The key global players manufacture most veterinary surgical instruments. Market leaders with more funds for research and a better distribution system established their position in the market studied. Major players in the market include Kshama Surgical, Integra LifeSciences, Medtronic, and B. Braun SE.
Veterinary Surgical Instruments Market Leaders
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Integra LifeSciences
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B. Braun SE
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Keystone Vet
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Kshama Surgical
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Medtronic
*Disclaimer: Major Players sorted in no particular order
Veterinary Surgical Instruments Market News
- August 2023: the Freelance Surgical Veterinary Division unveiled its latest innovation: the VetPower Surgical Power Tool system. Boasting a wide array of interchangeable attachments, this system effortlessly caters to a range of surgical procedures.
- February 2023: TheraVet, a pioneering company in the management of osteoarticular diseases in pets, signed an exclusive distribution agreement with Vetpharma, a company in the marketing of veterinary products. This agreement represents a significant step forward for distributing the BIOCERA-VET product range, now available on five continents.
Veterinary Surgical Instruments Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing R&D Expenditure and Product Innovation for Animal Healthcare
4.2.2 Rise in Pet Ownership
4.2.3 Increasing Incidences of Zoonotic Diseases
4.3 Market Restraints
4.3.1 Increasing Cost of Pet Care
4.3.2 Stringent Regulatory Policies
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD)
5.1 By Product
5.1.1 Sutures and Staplers
5.1.2 Handheld Instruments
5.1.3 Electro-surgery Instruments
5.1.4 Other Products
5.2 By Animal
5.2.1 Companion Animals
5.2.2 Farm Animals
5.3 By Application
5.3.1 Soft- tissue surgery
5.3.2 Dental surgery
5.3.3 Orthopedic surgery
5.3.4 Ophthalmic surgery
5.3.5 Other Applications
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun SE
6.1.2 Kshama Surgical
6.1.3 Integra LifeSciences
6.1.4 Medtronic
6.1.5 Accesia
6.1.6 ICU Medical (Smiths Medical)
6.1.7 Dentalaire International
6.1.8 SAI Infusion Technologies
6.1.9 GerVetUSA
6.1.10 Rajindra Surgical Industries
6.1.11 Keystone Vet
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Veterinary Surgical Instruments Industry Segmentation
As per the scope of the market, veterinary surgical instruments are used to perform surgery on animals. The veterinary surgical instruments market is segmented by product, animal, application, and geography. By product, the market is segmented as sutures and staplers, handheld instruments, electro-surgery instruments, and other products. By animal, the market is segmented as companion animals and farm animals. By application, the market is segmented as soft-tissue surgery, dental surgery, orthopedic surgery, ophthalmic surgery, and other applications. By geography, the market is segmented as North America, Europe, Asia-Pacific, Rest of the World. The report offers the value (USD) for the above segments.
| By Product | |
| Sutures and Staplers | |
| Handheld Instruments | |
| Electro-surgery Instruments | |
| Other Products |
| By Animal | |
| Companion Animals | |
| Farm Animals |
| By Application | |
| Soft- tissue surgery | |
| Dental surgery | |
| Orthopedic surgery | |
| Ophthalmic surgery | |
| Other Applications |
| By Geography | ||||||||
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| Rest of the World |
Veterinary Surgical Instruments Market Research FAQs
How big is the Veterinary Surgical Instruments Market?
The Veterinary Surgical Instruments Market size is expected to reach USD 1.32 billion in 2024 and grow at a CAGR of 6.87% to reach USD 1.84 billion by 2029.
What is the current Veterinary Surgical Instruments Market size?
In 2024, the Veterinary Surgical Instruments Market size is expected to reach USD 1.32 billion.
Who are the key players in Veterinary Surgical Instruments Market?
Integra LifeSciences, B. Braun SE, Keystone Vet, Kshama Surgical and Medtronic are the major companies operating in the Veterinary Surgical Instruments Market.
Which is the fastest growing region in Veterinary Surgical Instruments Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Veterinary Surgical Instruments Market?
In 2024, the North America accounts for the largest market share in Veterinary Surgical Instruments Market.
What years does this Veterinary Surgical Instruments Market cover, and what was the market size in 2023?
In 2023, the Veterinary Surgical Instruments Market size was estimated at USD 1.23 billion. The report covers the Veterinary Surgical Instruments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Surgical Instruments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Veterinary Surgical Instruments Industry Report
Statistics for the 2024 Veterinary Surgical Instruments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Surgical Instruments analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Veterinary Surgical Instruments Market Report Snapshots
