Amid the COVID-19 crisis, the global market for Veterinary Surgical Instruments estimated at US$880.2 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027.Sutures, Staplers & Accessories, one of the segments analyzed in the report, is projected to grow at a 6.3% CAGR to reach US$386 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Handheld Devices segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 40.7% share of the global Veterinary Surgical Instruments market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.3% CAGR for the Period of 2020-2027
The Veterinary Surgical Instruments market in the U. S. is estimated at US$238.3 Million in the year 2020. The country currently accounts for a 27.08% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$268.2 Million in the year 2027 trailing a CAGR of 8.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$268.2 Million by the year 2027.
Electro-surgery Instruments Segment Corners a 17.8% Share in 2020
In the global Electro-surgery Instruments segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$118 Million in the year 2020 will reach a projected size of US$157 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$170.7 Million by the year 2027, while Latin America will expand at a 5.6% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of our report. The 388-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Antibe Therapeutics, Inc.
- B. Braun Vet Care GmbH
- Dre Veterinary, Inc.
- Ethicon US LLC
- Germed USA, Inc.
- Im3 Inc.
- Integra Life Sciences Corporation
- Jorgen Kruuse A/S
- Jorgensen Laboratories
- Medtronic PLC
- Neogen Corporation
- Sklar Instruments
- Smiths Group PLC
- Steris Corporation
- Surgical Direct
- Surgical Holdings
- World Precision Instruments
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Surgical Instrument - An Overview
Technological Advancements in Veterinary Handheld Instruments
Rapid Growth of Veterinary Pain Management Market
Growing Focus on Health Maintenance and Management in Veterinary Industry
Telehealth in Veterinary Industry Witnessing Rapid Change
Equine Surgical Equipment - Gaining Favor
Global Competitor Market Shares
Veterinary Surgical Instruments Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Veterinary Forceps to Witness Impressive Growth in the Coming Years
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Veterinary Surgical Instruments Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Veterinary Surgical Instruments Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 46
- ANTIBE THERAPEUTICS
- B. BRAUN VET CARE GMBH
- DRE VETERINARY
- ETHICON US
- GERMED USA
- INTEGRA LIFESCIENCES CORPORATION
- JORGENSEN LABORATORIES
- JØRGEN KRUUSE A/S
- MEDTRONIC PLC
- NEOGEN CORPORATION
- STERIS CORPORATION