(PharmaNewsWire.Com, November 02, 2017 ) According to the report Veterinary Surgical Devices, published by Market Data Forecast, the Latin America market is projected to reach USD 125.48 billion by 2021, at a CAGR of 6.93% from 2016 to 2021.
With the growing companion animal population and growing concern regarding pets the market is predicted to grow steadily. Over time, many different kinds of surgical instruments and tools have been discovered. To help veterinarians to treat animals surgical instruments have been manufactured which are designed to perform specific actions during a operation or surgery. The amount of pet owners as well as companion animal population is growing. The number veterinary practitioners are also rising.
Latin America Veterinary Surgical Devices: Drivers & Restraints Some of the factors like rising companion animal population coupled with pet insurance, rising individual awareness regarding animal health, growing animal health expenditure are driving the market forward. Also growing in number of veterinary practitioners, increase in their income levels in developed regions is going to assist in growth of the market. Conversely, limited amount of veterinarians in a lot of developing regions, high pet care costs may restrain the growth of market. Besides, rising awareness among individuals in developing regions regarding animal health provides great future potential for the market.
Latin America Veterinary Surgical Devices: Overview Factors like rising companion animal population coupled with pet insurance and rising individual awareness regarding animal health is affecting the growth of this market positively. However, other factors like limited amount of veterinarians in a lot of developing regions and high pet care costs are expected to restrain the growth of this market. On the basis of Product, Sutures, Staples & accessories are holding major share in the market.
Latin America Veterinary Surgical Devices: Region-wise Outlook The market for Veterinary Surgical Devices in Latin America region is divided based on geography into Argentina, Brazil, Mexico and Rest of Latin America. Brazil has the largest share in the market while Argentina is at second place. Higher pet adoption rate has favoured the dominance of Brazil. Argentina is expected to grow at the fastest CAGR due to rising awareness regarding animal health and increasing livestock population.
Key Questions Answered What is the current and future Veterinary Surgical Devices outlook in Latin America market? What trends are affecting the Latin America market? What is the competitive landscape and market share of major players in the Veterinary Surgical Devices space in Latin America market? What are the key, high growth markets that Veterinary Surgical Devices manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Veterinary Surgical Devices currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Veterinary Surgical Devices? What are the challenges and barriers that have hindered widespread adoption of Veterinary Surgical Devices?
Latin America Veterinary Surgical Devices: Key Players Some of the major companies dominating Latin America Veterinary Surgical Devices Market are 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.
Reasons to buy Latin America Veterinary Surgical Devices Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: 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, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
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