Veterinary Surgical Instruments Market size is expected to reach USD 1.33 billion by 2025
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<strong>Veterinary</strong> <strong>Surgical</strong> <strong>Instruments</strong> <strong>Market</strong> <strong>size</strong><br />
<strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>USD</strong> <strong>1.33</strong> <strong>billion</strong> <strong>by</strong> <strong>2025</strong><br />
“<strong>Veterinary</strong> <strong>Surgical</strong> <strong>Instruments</strong> <strong>Market</strong> Analys<strong>is</strong><br />
Report By Animal (Large, Small), By Application, By<br />
Product (Electrosurgery <strong>Instruments</strong>, Handheld<br />
Devices, Sutures & Staplers), And Segment<br />
Forecasts, 2018 - <strong>2025</strong>.”<br />
The global veterinary surgical instrument market <strong>size</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>USD</strong> <strong>1.33</strong> <strong>billion</strong> <strong>by</strong><br />
<strong>2025</strong>, exhibiting a CAGR of 6.8% during the forecast period. Surging demand for pet adoption <strong>is</strong><br />
estimated <strong>to</strong> drive the market during the forecast period. Increasing income in developing countries<br />
has also driven the market. For instance, according <strong>to</strong> a report <strong>by</strong> the American <strong>Veterinary</strong> Medical<br />
Association, in 2017, around 46.0% household had multiple types of pets in the U.S. Furthermore,<br />
key players implement strategies such as mergers and acqu<strong>is</strong>itions <strong>to</strong> sustain in th<strong>is</strong> competitive<br />
market. For instance, in 2014, Neogen Corporation acquired SyrVet Incorporated and Prima Tech<br />
Incorporated in a probe <strong>to</strong> expand its product portfolio.<br />
Moreover, technological advancements in surgical devices and availability of a number of detection<br />
techniques are anticipated <strong>to</strong> create growth opportunities for the market. Some of these are micro<br />
fracture detection, laparoscopy, and 3D printing. For instance, in Oc<strong>to</strong>ber 2016, <strong>Surgical</strong> Holdings<br />
launched reusable surgical instruments for general surgeries in an attempt <strong>to</strong> cut the cost of the<br />
instruments.<br />
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Further key findings from the report suggest:<br />
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Handheld devices accounted for the largest revenue share in 2017, owing <strong>to</strong> their<br />
multipurpose use and ease of handling<br />
On the bas<strong>is</strong> of animal type, the small animal segment <strong>is</strong> projected <strong>to</strong> exhibit lucrative growth<br />
over the forecast period owing <strong>to</strong> growing incidence of pet adoption and surging demand for<br />
efficient care<br />
Based on application, the dental surgery segment <strong>is</strong> po<strong>is</strong>ed <strong>to</strong> dominate the market<br />
throughout the forecast period due <strong>to</strong> increasing prevalence of periodontal d<strong>is</strong>eases and<br />
r<strong>is</strong>ing demand for pet dental cure<br />
North America held the dominant position in the global arena in 2017, due <strong>to</strong> favorable pet<br />
insurance policies and new product launch <strong>by</strong> companies. For instance, in February 2016,<br />
DRE <strong>Veterinary</strong> launched a new radiology unit named DRE Stationary DR X-ray System<br />
Asia Pacific <strong>is</strong> anticipated <strong>to</strong> witness lucrative growth during the forecast period due <strong>to</strong> r<strong>is</strong>ing<br />
demand for pet adoption and growing income, especially in Japan and India<br />
Some of the key companies in the market are Medtronic, DRE <strong>Veterinary</strong>, B. Braun Vet Care<br />
GmbH, and Jorgen Kruuse A/S.<br />
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Table of Contents:<br />
Chapter 1 Report Scope<br />
1.1 Segment <strong>Market</strong> Scope<br />
1.2 Regional Scope<br />
1.3 Estimates & Forecast Timeline<br />
Chapter 2 Research Methodology<br />
2.1 Model Details<br />
2.1.1 Regression and variable analys<strong>is</strong><br />
2.1.2 Total addressable market (TAM)<br />
2.2 Information Procurement<br />
2.3 L<strong>is</strong>t of Primary Sources<br />
2.3.1 Purchased database:<br />
2.3.2 GVR's internal database<br />
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2.4 Primary Interview Breakup<br />
2.4.1 Data for primary interviews, <strong>by</strong> sources<br />
2.4.2 Data for primary interviews, <strong>by</strong> region<br />
2.5 L<strong>is</strong>t of Secondary Sources<br />
Chapter 3 Report Objectives<br />
3.1 Objectives<br />
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