Product Code: MD 9106
The global veterinary surgical procedures market is projected to reach 67.8 billion in 2029 from USD 48.3 billion in 2024, at a CAGR of 7.0% between 2024 and 2029.
Scope of the Report |
Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | Procedure Type, Animal type, End user and Region |
Regions covered | Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. |
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%.
Prominent players in the veterinary surgical procedures market Ethicon, Inc. (US), Cardinal Health, Inc. (US), ICU Medical, Inc. (US), Medtronic Plc (Ireland), BD Animal Health (US), B. Braun Vet Care GmbH (Germany), Integra LifeSciences Holdings Corporation (US), STERIS Plc (Ireland), Neogen Corporation (US), Baxter International Inc. (US), Covetrus, Inc. (US), Jorgensen Laboratories, Inc. (US), Surgical Holdings Veterinary. (UK), Kshama Surgical Pvt. Ltd. (India), Eickemeyer KG. (Germany), Nonin Medical, Inc. (US), Avalon Medical (US), Infiniti Medical. (US), Dispomed ltd (Canada), World Precision Instruments. (US), Jalal Surgical (Pakistan), GerVetUSA. (US), Naugra Medical (India), Chun Tara Industries. (India), Sklar Surgical Instruments. (US)
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
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 YEARS CONSIDERED
- 1.3.3 CURRENCY CONSIDERED
- 1.4 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.2 MARKET SIZE ESTIMATION
- 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4 MARKET SHARE ESTIMATION
- 2.5 STUDY ASSUMPTIONS
- 2.6 MARKET SHARE ANALYSIS
- 2.7 LIMITATIONS
- 2.7.1 METHODOLOGY-RELATED LIMITATIONS
- 2.7.2 SCOPE-RELATED LIMITATIONS
- 2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 VETERINARY SURGICAL PROCEDURES MARKET OVERVIEW
- 4.2 ASIA PACIFIC: VETERINARY SURGICAL PROCEDURES MARKET, BY ANIMAL TYPE
- 4.3 VETERINARY SURGICAL PROCEDURES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
- 4.4 VETERINARY SURGICAL PROCEDURES MARKET, BY REGION
- 4.5 VETERINARY SURGICAL PROCEDURES MARKET: DEVELOPED MARKETS VS. EMERGING ECONOMIES
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Rising companion animal population
- 5.2.1.2 Growing demand for pet insurance and rising animal health expenditure
- 5.2.1.3 Growing number of veterinary practitioners
- 5.2.2 RESTRAINTS
- 5.2.2.1 Rising pet care costs
- 5.2.2.2 High costs of veterinary surgical equipment and procedures
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Untapped emerging markets
- 5.2.3.2 Advancements in veterinary surgery
- 5.2.4 CHALLENGES
- 5.2.4.1 Lack of animal healthcare awareness in emerging countries
- 5.2.4.2 Shortage of veterinary practitioners in developing countries
- 5.3 INDUSTRY TRENDS
- 5.3.1 GROWING SCALE OF VETERINARY BUSINESSES
- 5.3.2 TELEMEDICINE AND REMOTE MONITORING EQUIPMENT
- 5.4 ECOSYSTEM ANALYSIS
- 5.5 VALUE CHAIN ANALYSIS
- 5.6 SUPPLY CHAIN ANALYSIS
- 5.7 TECHNOLOGY ANALYSIS
- 5.7.1 KEY TECHNOLOGIES
- 5.7.1.1 Big Data and Animal Wearable Devices
- 5.7.2 COMPLEMENTARY TECHNOLOGIES
- 5.7.2.1 Navigation and Visualization Systems
- 5.7.2.2 Computer-assisted surgery (CAS)
- 5.8 PORTER'S FIVE FORCES ANALYSIS
- 5.8.1 THREAT OF NEW ENTRANTS
- 5.8.2 THREAT OF SUBSTITUTES
- 5.8.3 BARGAINING POWER OF SUPPLIERS
- 5.8.4 BARGAINING POWER OF BUYERS
- 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.9 KEY STAKEHOLDERS & BUYING CRITERIA
- 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.9.2 BUYING CRITERIA
- 5.10 REGULATORY LANDSCAPE
- 5.10.1 REGULATORY ANALYSIS
- 5.10.1.1 US
- 5.10.1.2 Europe
- 5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.11 PATENT ANALYSIS
- 5.11.1 PATENT PUBLICATION TRENDS FOR VETERINARY SURGICAL PROCEDURES
- 5.11.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS
- 5.12 TRADE ANALYSIS
- 5.12.1 TRADE ANALYSIS FOR VETERINARY SURGICAL INSTRUMENTS AND EQUIPMENT
- 5.13 PRICING ANALYSIS
- 5.13.1 AVERAGE PRICE, BY PROCEDURE
- 5.13.2 AVERAGE PRICE TREND, BY REGION
- 5.14 REIMBURSEMENT ANALYSIS
- 5.14.1 COVERAGE FOR VETERINARY SURGICAL PROCEDURES
- 5.15 KEY CONFERENCES & EVENTS, 2024-2025
- 5.16 UNMET NEEDS/END-USER EXPECTATIONS
- 5.17 IMPACT OF AI ON VETERINARY SURGICAL PROCEDURES MARKET
- 5.18 CASE STUDY ANALYSIS
- 5.18.1 ETHICON: ADVANCEMENTS IN VETERINARY SURGICAL INSTRUMENTS ENHANCING SURGICAL OUTCOMES
- 5.18.2 CARDINAL HEALTH: EXPANSION OF PRODUCT OFFERINGS PROVIDING COMPREHENSIVE SOLUTIONS FOR VETERINARY SURGICAL PROCEDURES
- 5.18.3 BD ANIMAL HEALTH: INITIATIVES TO MEET RISING NEED FOR ADVANCED VETERINARY SURGICAL PRODUCTS
- 5.19 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- 5.20 ADJACENT MARKETS
- 5.21 INVESTMENT & FUNDING SCENARIO
6 VETERINARY SURGICAL PROCEDURES MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.1.1 SPAYING/NEUTERING
- 6.1.1.1 Rising pet ownership to drive market
- 6.1.2 DENTAL PROCEDURES
- 6.1.2.1 Rising oral health awareness and advancements in veterinary dental care techniques to propel growth
- 6.1.3 SOFT TISSUE SURGERY
- 6.1.3.1 Rising awareness and growing use of advanced imaging techniques to support market growth
- 6.1.4 ORTHOPEDIC SURGERY
- 6.1.4.1 Rising incidence of orthopedic conditions and genetic disorders to support demand growth
- 6.1.5 OPHTHALMIC SURGERY
- 6.1.5.1 High success rate of surgeries and increasing disease prevalence to drive market
- 6.1.6 NEUROLOGICAL SURGERIES
- 6.1.6.1 Rising pet population to drive incidence of target disorders
- 6.1.7 OTHER SPECIALIZED SURGERIES
7 VETERINARY SURGICAL PROCEDURES MARKET, BY ANIMAL TYPE
- 7.1 INTRODUCTION
- 7.2 SMALL ANIMALS
- 7.2.1 DOGS
- 7.2.1.1 Wide adoption and high population to drive market growth
- 7.2.2 CATS
- 7.2.2.1 Rising feline disease prevalence to propel growth
- 7.2.3 RODENTS
- 7.2.3.1 Increasing use of rodents in research and academic institutions to drive growth
- 7.3 LARGE ANIMALS
- 7.3.1 GROWING DEMAND FOR MILK AND MEAT PRODUCTS TO DRIVE MARKET
8 VETERINARY SURGICAL PROCEDURES MARKET, BY END USER
- 8.1 INTRODUCTION
- 8.2 VETERINARY HOSPITALS
- 8.2.1 RISING PET CARE EXPENDITURE TO SUPPORT MARKET GROWTH
- 8.3 VETERINARY CLINICS
- 8.3.1 RISING NUMBER OF PRIVATE CLINICAL PRACTICES TO DRIVE MARKET
- 8.4 OTHER END USERS
9 VETERINARY SURGICAL PROCEDURES MARKET, BY REGION
10 INTRODUCTION
- 10.1 NORTH AMERICA
- 10.1.1 US
- 10.1.1.1 Presence of major players & providers and availability of advanced products to drive growth
- 10.1.2 CANADA
- 10.1.2.1 Growing pet ownership and advancements in healthcare technology to boost market
- 10.2 EUROPE
- 10.2.1 GERMANY
- 10.2.1.1 Germany to hold largest market share in Europe
- 10.2.2 UK
- 10.2.2.1 Rising demand for and increasing availability of veterinary surgical instruments to aid market growth
- 10.2.3 FRANCE
- 10.2.3.1 Well-established healthcare system to support market growth
- 10.2.4 ITALY
- 10.2.4.1 Growing livestock population and awareness of animal health to drive demand
- 10.2.5 SPAIN
- 10.2.5.1 Increasing animal healthcare expenditure to drive market
- 10.2.6 REST OF EUROPE
- 10.3 ASIA PACIFIC
- 10.3.1 JAPAN
- 10.3.1.1 Rising demand for imported breeds to drive market for companion animals
- 10.3.2 CHINA
- 10.3.2.1 High-quality veterinary services and practices to boost market growth
- 10.3.3 INDIA
- 10.3.3.1 Rising awareness of animal health and increasing livestock animal population to support growth
- 10.3.4 AUSTRALIA
- 10.3.4.1 Technological advancements and innovations in veterinary medicine to support market growth
- 10.3.5 SOUTH KOREA
- 10.3.5.1 Rising pet population to drive market
- 10.3.6 REST OF ASIA PACIFIC
- 10.4 LATIN AMERICA
- 10.4.1 BRAZIL
- 10.4.1.1 Brazil to dominate veterinary surgical procedures market in Latin America
- 10.4.2 MEXICO
- 10.4.2.1 Rising demand for animal-derived food products to support market growth
- 10.4.3 REST OF LATIN AMERICA
- 10.5 MIDDLE EAST & AFRICA
- 10.5.1 GCC COUNTRIES
- 10.5.1.1 Rising prevalence of chronic diseases to drive market
- 10.5.2 REST OF MIDDLE EAST AND AFRICA
11 COMPETITIVE LANDSCAPE
- 11.1 OVERVIEW
- 11.2 KEY PLAYER STRATEGY/RIGHT TO WIN
- 11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN VETERINARY SURGICAL PROCEDURES MARKET
- 11.3 REVENUE ANALYSIS
- 11.4 MARKET SHARE ANALYSIS
- 11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 11.5.1 STARS
- 11.5.2 EMERGING LEADERS
- 11.5.3 PERVASIVE PLAYERS
- 11.5.4 PARTICIPANTS
- 11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 11.5.5.1 Company footprint
- 11.5.5.2 Type footprint
- 11.5.5.3 Animal type footprint
- 11.5.5.4 End-user footprint
- 11.5.5.5 Region footprint
- 11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 11.6.1 PROGRESSIVE COMPANIES
- 11.6.2 RESPONSIVE COMPANIES
- 11.6.3 DYNAMIC COMPANIES
- 11.6.4 STARTING BLOCKS
- 11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 11.7 VALUATION & FINANCIAL METRICS
- 11.8 BRAND/PRODUCT COMPARISON
- 11.9 R&D ASSESSMENT OF KEY PLAYERS
- 11.10 COMPETITIVE SCENARIO
- 11.10.1 PRODUCT LAUNCHES
- 11.10.2 DEALS
- 11.10.3 EXPANSIONS
12 COMPANY PROFILES
- 12.1 KEY PLAYERS
- 12.1.1 ETHICON, INC. (JOHNSON & JOHNSON)
- 12.1.1.1 Business overview
- 12.1.1.2 Products offered
- 12.1.1.3 Recent developments
- 12.1.1.3.1 Product launches & approvals
- 12.1.1.3.2 Deals
- 12.1.1.4 MnM view
- 12.1.1.4.1 Right to win
- 12.1.1.4.2 Strategic choices
- 12.1.1.4.3 Weaknesses & competitive threats
- 12.1.2 CARDINAL HEALTH, INC.
- 12.1.2.1 Business overview
- 12.1.2.2 Products offered
- 12.1.2.3 Recent developments
- 12.1.2.4 MnM view
- 12.1.2.4.1 Right to win
- 12.1.2.4.2 Strategic choices
- 12.1.2.4.3 Weaknesses & competitive threats
- 12.1.3 MEDTRONIC PLC
- 12.1.3.1 Business overview
- 12.1.3.2 Products offered
- 12.1.3.3 Recent developments
- 12.1.3.3.1 Deals
- 12.1.3.3.2 Expansions
- 12.1.3.4 MnM view
- 12.1.3.4.1 Right to win
- 12.1.3.4.2 Strategic choices
- 12.1.3.4.3 Weaknesses & competitive threats
- 12.1.4 B. BRAUN VET CARE GMBH (B. BRAUN MELSUNGEN AG)
- 12.1.4.1 Business overview
- 12.1.4.2 Products offered
- 12.1.4.3 Recent developments
- 12.1.4.3.1 Deals
- 12.1.4.3.2 Expansions
- 12.1.4.4 MnM view
- 12.1.4.4.1 Right to win
- 12.1.4.4.2 Strategic choices
- 12.1.4.4.3 Weaknesses & competitive threats
- 12.1.5 BD ANIMAL HEALTH
- 12.1.5.1 Business overview
- 12.1.5.2 Products offered
- 12.1.5.3 Recent developments
- 12.1.5.4 MnM view
- 12.1.5.4.1 Right to win
- 12.1.5.4.2 Strategic choices
- 12.1.5.4.3 Weaknesses & competitive threats
- 12.1.6 ICU MEDICAL, INC.
- 12.1.6.1 Business overview
- 12.1.6.2 Products offered
- 12.1.6.3 Recent developments
- 12.1.6.3.1 Product approvals
- 12.1.6.3.2 Deals
- 12.1.7 STERIS PLC
- 12.1.7.1 Business overview
- 12.1.7.2 Products offered
- 12.1.7.3 Recent developments
- 12.1.7.3.1 Deals
- 12.1.7.3.2 Expansions
- 12.1.8 INTEGRA LIFESCIENCES HOLDINGS CORPORATION
- 12.1.8.1 Business overview
- 12.1.8.2 Products offered
- 12.1.8.3 Recent developments
- 12.1.9 NEOGEN CORPORATION
- 12.1.9.1 Business overview
- 12.1.9.2 Products offered
- 12.1.9.3 Recent developments
- 12.1.10 BAXTER INTERNATIONAL, INC.
- 12.1.10.1 Business overview
- 12.1.10.2 Products offered
- 12.1.10.3 Recent developments
- 12.1.11 COVETRUS, INC.
- 12.1.11.1 Business overview
- 12.1.11.2 Products offered
- 12.1.11.3 Recent developments
- 12.1.12 JORGENSEN LABORATORIES
- 12.1.12.1 Business overview
- 12.1.12.2 Products offered
- 12.2 OTHER PLAYERS
- 12.2.1 SURGICAL HOLDINGS VETERINARY
- 12.2.2 KSHAMA SURGICAL PVT. LTD.
- 12.2.3 EICKEMEYER KG
- 12.2.4 NONIN MEDICAL, INC.
- 12.2.5 AVALON MEDICAL
- 12.2.6 INFINITI MEDICAL
- 12.2.7 SKLAR SURGICAL INSTRUMENTS
- 12.2.8 DISPOMED LTD.
- 12.2.9 WORLD PRECISION INSTRUMENTS
- 12.2.10 JALAL SURGICAL
- 12.2.11 GERVETUSA
- 12.2.12 NAUGRA MEDICAL
- 12.2.13 CHUN TARA INDUSTRIES
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS