PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1755353
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1755353
The Global Veterinary Surgical Instruments Market was valued at USD 1.6 billion in 2024 and is estimated to grow at a CAGR of 7.1% to reach USD 3.1 billion by 2034, driven by the significant increase in awareness of animal health conditions. As pet ownership rises and pet care becomes more specialized, the demand for veterinary surgical instruments has surged. Furthermore, the growing number of veterinary surgeries across various specialties, including ophthalmology, orthopedics, and dentistry, contributes to the demand for tools designed specifically for these procedures.
Another important factor influencing market growth is the rise of collaborations between veterinary clinics, hospitals, and surgical instrument manufacturers. These partnerships help improve access to advanced surgical tools and instruments. The growing focus on animal healthcare spending, particularly in developed countries, and the rising incidence of zoonotic diseases are expected to accelerate market expansion. Additionally, the increasing prevalence of dental issues in pets, combined with innovations in prosthetics, orthopedics, and microfracture detection drives the need for surgeries. Surgical tools, such as forceps, scalpels, and sutures, are essential in performing these procedures, and their demand is projected to increase significantly.
Market Scope | |
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Start Year | 2024 |
Forecast Year | 2025-2034 |
Start Value | $1.6 Billion |
Forecast Value | $3.1 Billion |
CAGR | 7.1% |
In 2024, electro-surgery instruments commanded the largest market share, valued at USD 420.9 million. The growing adoption of bipolar electrosurgery instruments, known for their precision and ease of use, contributes to this segment's growth. The development of modern electrosurgical tools incorporating radio frequency, laser, and ultrasonic energy sources enhances the precision and efficiency of veterinary surgeries. These tools improve tissue management, reduce bleeding, and speed up recovery times, making them highly sought after across veterinary practices.
The companion animal sector held the largest market share in 2024, accounting for 60.9% attributed to the increasing number of pet owners and the growing tendency for pet owners to invest in comprehensive healthcare for their pets, including surgical services. Pet insurance is also playing a significant role in driving this demand, as it allows pet owners to afford sophisticated treatments and surgeries. Additionally, rising disposable incomes, especially in developing nations encourage more spending on pet healthcare, further boosting market growth.
North America Veterinary Surgical Instruments Market held 43.1% share in 2024. The U.S. is expected to continue leading the market, driven by an increasing number of veterinary clinics, a high adoption rate of companion animals, and a shift toward minimally invasive surgeries like laparoscopy and endoscopy. These less invasive techniques require specialized tools and are becoming more popular due to quicker recovery times. Furthermore, rising expenditure on pet care products fosters market growth.
Major players in the Global Veterinary Surgical Instruments Industry include BMT Medizintechnik, Medtronic, Avante Animal Health (Avante Health Solutions), Integra LifeSciences, GerMedUSA, Sklar Instruments, Jorgen Kruuse (Henry Schein), Vimian Group, Neogen Corporation, Ethicon (Johnson & Johnson), Smiths Medical, Arthrex, STERIS, Jorgensen Laboratories, and B. Braun Vet Care. To strengthen their presence in the veterinary surgical instruments market, companies focus on enhancing product offerings and expanding their technological capabilities. Many players invest in developing advanced electrosurgical instruments that integrate digital systems such as touchscreen interfaces to ensure precise energy delivery during surgeries. Additionally, partnerships with veterinary clinics and hospitals are being formed to access specialized instruments. Companies are also emphasizing the development of specialized tools for emerging fields like orthopedic and dental surgeries, which are witnessing rising demand.