(PharmaNewsWire.Com, November 01, 2017 ) The North America Veterinary Surgical Devices Market was worth USD 284.24 million in 2016 and estimated to be growing at a CAGR of 6.15%, to reach USD 383.08 million by 2021. With the increasing companion animal population and growing concern regarding pets, the market is exhibiting great growth potential.
A number of pet owners as well as companion animal population is on the rise. The number veterinary practitioners are also increasing. To help these veterinarians to treat animals surgical instruments have been manufactured which are designed to perform specific actions during a surgery or operation. Over time, many different kinds of surgical instruments and tools have been invented.
Market Conditions: Major factors driving the growth of the market are increasing individual awareness regarding animal health, rising animal health expenditure, growing companion animal population coupled with pet insurance. Also increase in the number of veterinary practitioners, the rise in their income levels in developed regions is going to assist in the growth of the market. On the other hand, deficiency of veterinarians in many developing regions, high pet care costs may hamper the growth of the market. Additionally, increasing awareness among individuals in developing regions regarding animal health provides great future potential for the market.
North America Veterinary Surgical Devices Market Segmentation: • By Product: Introduction, Sutures, Foreceps, Scissors, Electrosurgery Instruments, Cannulas, Staplers and Accessories and Other Products • By Animals: Introduction, Canines, Felines and Large Animals • By Application: Introduction, Soft Tissue, Sterilization, Gynecology, Orthopedic Surgery and Other Applications • By Geography: Introduction, United States and Canada
USA is leading the market while Canada is at second place. Higher adoption rate and favourable reimbursement policies favoured the dominance of USA. USA is expected to grow at the fastest CAGR due to increasing awareness regarding animal health and increasing livestock population. Product wise Sutures, Staples & accessories are holding the major share in the market.
Key Players: Some of the key players dominating this market include • B.Braun Vet Care GmbH • Medtronic Plc. • Ethicon Inc. • JORGEN KRUSSE A/S • Jorgensen Laboratories • Smiths Group Plc. • Neogen Corporation • Integra LifeSciences Holding Corporation • STERIS Corporation • DRE Veterinary • GerMedUSA Inc. • Surgical Holdings • Sklar Surgical Instruments • World Precision Instruments Inc. • Surgical Direct.
About MarketDataForecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact: Abhishek Shukla International Business Development Manager Market Data Forecast Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
