The global veterinary surgical procedures market is projected to reach USD 67.8 billion in 2029 from USD 48.3 billion in 2024, at a CAGR of 7.0% between 2024 and 2029.
The market is anticipated to grow as a result of development continuous advancements in medical devices. Chronic diseases like kidney diseases, liver diseases and cancer are becoming increasingly common globally.
These conditions often require surgical intervention, leading to a higher demand for surgical procedures, including suction instruments which is expected to drive the market growth.
On the other hand, advanced veterinary surgical procedures, particularly those with features advanced surgical types of equipment, can be expensive for hospitals and surgical centers to purchase which is expected to limit market growth to a certain extent.
Additionally, most animal shelters and animal rescue facilities encourage and sometimes necessitate spaying or neutering to prevent overpopulation and reduce the number of homeless animals in their care. Low-cost or free spay/neuter programs from different municipalities and non-profit organizations increase accessibility of the procedure for many more. Neutering males eliminates testicular cancer and reduces the risk of prostate issues which is expected to drive the market growth.
The market is anticipated to grow as a result of development continuous advancements in medical devices. Chronic diseases like kidney diseases, liver diseases and cancer are becoming increasingly common globally.
These conditions often require surgical intervention, leading to a higher demand for surgical procedures, including suction instruments which is expected to drive the market growth.
On the other hand, advanced veterinary surgical procedures, particularly those with features advanced surgical types of equipment, can be expensive for hospitals and surgical centers to purchase which is expected to limit market growth to a certain extent.
Based on the procedure type, the spaying/neutering segment is expected to grow by the highest CAGR in the veterinary surgical procedures market.
Suction removes blood, fluids, and debris from the surgical site, allowing the surgeon a clear view of the underlying anatomy. Spaying female pets significantly reduces their risk of mammary tumors and eliminates the chance of uterine and ovarian cancers, especially if done before the first heat cycle. Knowing the benefits of spaying and neutering, which include reducing the risk of certain cancers and behavioral problems, an increasing number of pet owners are choosing these procedures.Additionally, most animal shelters and animal rescue facilities encourage and sometimes necessitate spaying or neutering to prevent overpopulation and reduce the number of homeless animals in their care. Low-cost or free spay/neuter programs from different municipalities and non-profit organizations increase accessibility of the procedure for many more. Neutering males eliminates testicular cancer and reduces the risk of prostate issues which is expected to drive the market growth.
The dog segment in animal type segment is expected to grow with the highest CAGR in the veterinary surgical procedures market.
Veterinary medicine has made significant advancements in recent years. New surgical techniques and technologies have made it possible to perform more complex surgeries on dogs, with a higher rate of success and faster recovery times. More people are owning pets than ever before, and they are also willing to spend more money on their pet's health care. This makes surgery a more viable option for a wider range of conditions which is expected to drive the market growth.Based on the end user, Veterinary hospitals segment is expected to grow by the highest CAGR in the veterinary surgical procedures market.
Veterinary surgical procedures offer a multitude of advantages in hospitals and clinics, contributing to a safer, more efficient, and potentially less invasive surgical environment also veterinary surgical procedures are a cornerstone of modern surgical practice, promoting a safe, efficient, and potentially less invasive surgical experience for both animals and healthcare providers. Betterments in veterinary medicine and new surgical methods make more conditions easier and more effective to treat, increasing the demand for surgical interventions. As people start to consider their pets as family, they are more willing to make investments in their health, including choosing surgical solutions for various diseases. Another important factor is the rise in the number of pet insurance covers available, making veterinary surgeries more affordable and accessible which is expected to drive the veterinary surgical procedures market.Asia Pacific to grow with the highest CAGR in the veterinary surgical procedures market during the forecast period.
People in Asia are increasingly keeping companion animals like dogs and cats. This rise in pet ownership creates a larger pool of animals that might require surgery at some point in their lives. As economies in many Asian countries develop, people have more money to spend on their pets' well-being. This includes preventative care and surgical procedures when necessary. Also there's a growing awareness of animal health and welfare in Asia. Pet owners are becoming more informed about the benefits of veterinary which is expected to drive the market growth in Asia Pacific region.A breakdown of the primary participants (supply-side) for the veterinary surgical procedures market referred to for this report is provided below:
- By Company Type: Tier 1 - 50%, Tier 2 - 35%, and Tier 3 - 15%
- By Designation: C-level - 35%, Director Level - 40%, and Others - 25%
- By Region: North America - 35%, Europe - 20%, Asia Pacific - 10%, Latin America - 20%, Middle East & Africa - 15%.
Research Coverage:
The report analyzes the veterinary surgical procedures market and aims at estimating the market size and future growth potential of this market based on various segments such as type,c usability, application, end user and region. The report also includes a competitive analysis of the key players in this market along with their company profiles, product/service offerings, recent developments, and key market strategies.Reasons to Buy the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall veterinary surgical procedures market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.This report provides insights into the following pointers:
- Analysis of key drivers (growth in the companion animal population, growing demand for pet insurance and rising animal health expenditure, growing number of veterinary practitioners), restraints (rising pet care costs, high costs of veterinary surgical equipment and procedures), opportunities (untapped emerging markets, advancements in veterinary surgery) and challenges (lack of animal healthcare awareness in emerging countries, shortage of veterinary practitioners in developing countries)
- Market Penetration: It includes extensive information on product portfolios offered by the major players in the global veterinary surgical procedures market. The report includes various segments in market procedure type, animal type, end user and region
- Product Enhancement/Innovation: Comprehensive details about new product launches and anticipated trends in the global veterinary surgical procedures market.
- Market Development: Thorough knowledge and analysis of the profitable rising markets procedure type, animal type, end user and region
- Market Diversification: Comprehensive information about newly launched product and services, expanding markets, current advancements, and investments in the global veterinary surgical procedures market.
- Competitive Assessment: Thorough evaluation of the market shares, growth plans, offerings of product and services, and capacities of the major competitors in the global veterinary surgical procedures market.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Veterinary Surgical Procedures Market, by Type
7 Veterinary Surgical Procedures Market, by Animal Type
8 Veterinary Surgical Procedures Market, by End-user
10 Introduction
11 Competitive Landscape
12 Company Profiles
13 Appendix
List of Tables
List of Figures
Companies Mentioned
- Ethicon, Inc. (Johnson & Johnson)
- Cardinal Health, Inc.
- Medtronic plc
- B. Braun Vet Care GmbH (B. Braun Melsungen Ag)
- Bd Animal Health
- Icu Medical, Inc.
- Steris plc
- Integra Lifesciences Holdings Corporation
- Neogen Corporation
- Baxter International, Inc.
- Covetrus, Inc.
- Jorgensen Laboratories
- Surgical Holdings Veterinary
- Kshama Surgical Pvt. Ltd.
- Eickemeyer Kg
- Nonin Medical, Inc.
- Avalon Medical
- Infiniti Medical
- Sklar Surgical Instruments
- Dispomed Ltd.
- World Precision Instruments
- Jalal Surgical
- Gervetusa
- Naugra Medical
- Chun Tara Industries
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 264 |
Published | August 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 48.3 Billion |
Forecasted Market Value ( USD | $ 67.8 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |