Veterinary Surgical Instrument Market Size, Share & Trends Analysis
Report and Segment Forecast, 2025| Grand View Research, Inc
“The global veterinary surgical instruments market size was valued at USD 797.6
million in 2017. It is projected to witness a CAGR of 6.8% during the forecast
period.”
The global Veterinary Surgical Instrument Market size is expected to reach USD 1.33 billion by 2025, according to a new
report by Grand View Research, Inc., exhibiting a CAGR of 6.8% during the forecast period. Surging demand for pet
adoption is estimated to drive the market during the forecast period. Increasing income in developing countries has also
driven the market. For instance, according to a report by the American Veterinary Medical Association, in 2017, around
46.0% household had multiple types of pets in the U.S. Furthermore, key players implement strategies such as mergers
and acquisitions to sustain in this competitive market. For instance, in 2014, Neogen Corporation acquired SyrVet
Incorporated and Prima Tech Incorporated in a probe to expand its product portfolio.
Moreover, technological advancements in surgical devices and availability of a number of detection techniques are
anticipated to create growth opportunities for the market. Some of these are micro fracture detection, laparoscopy, and
3D printing. For instance, in October 2016, Surgical Holdings launched reusable surgical instruments for general
surgeries in an attempt to cut the cost of the instruments.
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https://www.grandviewresearch.com/industry-analysis/veterinary-surgical-instruments-market
Further key findings from the report suggest:
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