Industry Outlook
Veterinary surgical sutures market accounted for a market value of US$ 264.13 million in 2019 and projected to grow at a CAGR of 6.7% during the forecast period from 2021 to 2029. Increasing pet ownership in developed and developing countries is one of the major drivers assisting the growth of veterinary surgical sutures market as pet owners are more concern about pet injuries and diseases. According to a survey conducted by American Pet Products Association’s cat owners pay about $196 in routine care and about $400 on surgical visits and dog owners spend about $235 annually and $551 on surgical visits. Less than 15% of the pet owners are insured. Spread of covid 19 across 215 countries has had a large impact on the pet care market. Total visits to veterinarian clinics indicated a sharp dip.
Absorbable surgical sutures have huge market demand due to high efficiency, safety, and considered as accost efficient option over non-absorbable surgical suture
Absorbable surgical sutures further sub-segmented as monofilament, natural, and braided; thus, a wide range of product options assists doctor’s convenience. The absorbable monofilaments are made of polydioxanone, natural sutures created with animal gut, and braided sutures are made of polyglycolic acid, & polyglactic acid. The key market drivers responsible for growth of veterinary surgical sutures market are rising prevalence of veterinary diseases due to developed diagnostic techniques, and high public awareness related to animal diseases & injuries.
Asia Pacific identified as the fastest growing veterinary surgical sutures market during the forecast period due to increasing trend of petting animals
Asia Pacific is growing significantly throughout the forecast period due to key market drivers such as developing veterinary diagnostic technologies & its increasing adoption, rising public awareness related to veterinary diseases and treatment options, and mounting number of specialty veterinary hospitals & clinics. China & Japan are the major veterinary surgical sutures market due to improved healthcare facilities, high awareness related to pet healthcare, and humanization of pets is growing significantly. One of the major factor assisting the veterinary surgeries to grow significantly is the rising trend of pet insurance in some major Asian countries such as Japan & China.
Historical & Forecast Period
The veterinary surgical sutures market analyzed considering current market trends for base year 2020 and based on future trends CAGRs calculated for the forecast period from 2021 to 2029.
Report Scope by Segments
This report covers in-depth analysis of veterinary surgical sutures market comprising analytical and descriptive information coupled with major market dynamics such as opportunities, drivers, & restraints that affects overall market positively or negatively. An exhaustive information related to market drivers, challenges & opportunities based on country-level and regional segmentation. This report covers detailed information related to the global veterinary surgical sutures market including segments such as types of sutures, end-users, and geography. The report also covers competitive landscape of the major manufacturers present in veterinary surgical sutures market covering in-depth information associated with competitive environment of the market and the current strategies & products launches assisting or affecting the market.
The key manufacturers involved in the market studied based on financial data, product portfolio, current press releases, and major market strategies. This report also covers attractive investment proposition studied based on extensive geographical PESTEL analysis. Major players included in the report are Medtronic plc, B.Braun, DemeTech, KRUUSE UK Ltd., Ethicon US, LLC, Teleflex Incorporated, Q-Close (Clinisupplies Ltd.), and AmerisourceBergen Corporation among others.
Key questions answered in this report
This product will be delivered within 2 business days.
Veterinary surgical sutures market accounted for a market value of US$ 264.13 million in 2019 and projected to grow at a CAGR of 6.7% during the forecast period from 2021 to 2029. Increasing pet ownership in developed and developing countries is one of the major drivers assisting the growth of veterinary surgical sutures market as pet owners are more concern about pet injuries and diseases. According to a survey conducted by American Pet Products Association’s cat owners pay about $196 in routine care and about $400 on surgical visits and dog owners spend about $235 annually and $551 on surgical visits. Less than 15% of the pet owners are insured. Spread of covid 19 across 215 countries has had a large impact on the pet care market. Total visits to veterinarian clinics indicated a sharp dip.
Absorbable surgical sutures have huge market demand due to high efficiency, safety, and considered as accost efficient option over non-absorbable surgical suture
Absorbable surgical sutures further sub-segmented as monofilament, natural, and braided; thus, a wide range of product options assists doctor’s convenience. The absorbable monofilaments are made of polydioxanone, natural sutures created with animal gut, and braided sutures are made of polyglycolic acid, & polyglactic acid. The key market drivers responsible for growth of veterinary surgical sutures market are rising prevalence of veterinary diseases due to developed diagnostic techniques, and high public awareness related to animal diseases & injuries.
Asia Pacific identified as the fastest growing veterinary surgical sutures market during the forecast period due to increasing trend of petting animals
Asia Pacific is growing significantly throughout the forecast period due to key market drivers such as developing veterinary diagnostic technologies & its increasing adoption, rising public awareness related to veterinary diseases and treatment options, and mounting number of specialty veterinary hospitals & clinics. China & Japan are the major veterinary surgical sutures market due to improved healthcare facilities, high awareness related to pet healthcare, and humanization of pets is growing significantly. One of the major factor assisting the veterinary surgeries to grow significantly is the rising trend of pet insurance in some major Asian countries such as Japan & China.
Historical & Forecast Period
The veterinary surgical sutures market analyzed considering current market trends for base year 2020 and based on future trends CAGRs calculated for the forecast period from 2021 to 2029.
Report Scope by Segments
This report covers in-depth analysis of veterinary surgical sutures market comprising analytical and descriptive information coupled with major market dynamics such as opportunities, drivers, & restraints that affects overall market positively or negatively. An exhaustive information related to market drivers, challenges & opportunities based on country-level and regional segmentation. This report covers detailed information related to the global veterinary surgical sutures market including segments such as types of sutures, end-users, and geography. The report also covers competitive landscape of the major manufacturers present in veterinary surgical sutures market covering in-depth information associated with competitive environment of the market and the current strategies & products launches assisting or affecting the market.
The key manufacturers involved in the market studied based on financial data, product portfolio, current press releases, and major market strategies. This report also covers attractive investment proposition studied based on extensive geographical PESTEL analysis. Major players included in the report are Medtronic plc, B.Braun, DemeTech, KRUUSE UK Ltd., Ethicon US, LLC, Teleflex Incorporated, Q-Close (Clinisupplies Ltd.), and AmerisourceBergen Corporation among others.
Key questions answered in this report
- Which is the most preferred veterinary surgical suture type in the market & Why?
- What is the impact of covid19 on the revenues and growth of the market?
- What are the current market strategies applied by the key market players & competitive analysis specific to veterinary surgical sutures market?
- Which are the key geographical markets (regions and countries) in veterinary surgical sutures market?
- Which is the largest and fastest growing veterinary surgical sutures types globally?
- How is the competitive landscape of veterinary surgical sutures market and strategies of key players present in this industry?
- Which is the major end-user of surgical sutures & Why?
This product will be delivered within 2 business days.
Table of Contents
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Veterinary Surgical Sutures (VSS) Market: Market Dynamics and Future Outlook
Chapter 4. Global Veterinary Surgical Sutures (VSS) Market, by Type of Suture, 2019-2029(US$ Mn)
Chapter 5. Global Veterinary Surgical Sutures (VSS) Market, by End-Users, 2019-2029(US$ Mn)
Chapter 6. Global Veterinary Surgical Sutures (VSS) Market, by Geography, 2019-2029(US$ Mn)
Chapter 7. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- Medtronic plc
- B.Braun
- DemeTech
- KRUUSE UK Ltd.
- Ethicon US LLC
- Teleflex Incorporated
- Q-Close (Clinisupplies Ltd.)
- AmerisourceBergen Corporation
