Global Veterinary Surgical Instruments Market Analysis By Product [Handheld Devices (Forceps, Scalpels, Surgical Scissors, Hooks & Retractors, Others), Electrosurgery Instruments, Sutures, Staplers, Other Products], By Animal Type (Large Animal, Small Animal), By Application (Soft Tissue Surgery, Cardiovascular Surgery, Ophthalmic Surgery, Dental Surgery, Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Veterinary Surgical Instruments Market size is expected to be worth around USD 2.2 Billion by 2033, from USD 1.2 Billion in 2023, growing at a CAGR of 6.4% during the forecast period from 2024 to 2033.

The veterinary surgical instruments market is a multifaceted domain, influenced by a convergence of factors across companion animal hospitals, equine practices, large veterinary clinics, research bodies, and governmental veterinary services. This diversity is underscored by evolving trends in pet adoption, livestock management, and veterinary research endeavors.

According to Shelter Animals Count, approximately 6.5 million cats and dogs entered shelters in the United States in 2023, with 4.8 million finding new homes. This indicates a vibrant landscape for pet adoption, further amplified by the American Society for the Prevention of Cruelty to Animals (ASPCA), which notes a consistent annual influx of 6.3 million animals into shelters, spotlighting a sustained demand for veterinary care. Furthermore, the pet industry’s valuation, pegged at $246 billion, accentuates the market’s expansiveness, propelled by pet ownership trends, particularly among millennials.

Regulatory frameworks instituted by authorities such as the Food and Drug Administration (FDA), European Medicines Agency (EMA), and the National Medical Products Administration (NMPA) play a crucial role in maintaining the integrity and safety of veterinary surgical instruments. These regulations engender confidence among veterinary professionals and pet owners alike, thereby nurturing market growth.

For instance, North America’s market prominence is partly attributed to comprehensive pet insurance coverage, catering to over 2.5 million pets in the U.S. and Canada as of 2018. The prevalence of periodontal diseases in pets, affecting over 70% of cats and dogs by age three, necessitates dental surgeries, further driving the demand for precise surgical instruments, such as electrosurgery tools preferred for their accuracy and minimized bleeding.

Innovation within the sector is robust, as entities strive to unveil novel surgical solutions. This is complemented by strategic collaborations aimed at enhancing operational efficiencies and expanding product portfolios. Investment in research and development is significant, with the European animal health industry allocating approximately €400 million annually. Similarly, the United States Department of Agriculture (USDA) invested over $300 million in 2021 towards animal health programs, underscoring a commitment to advancing veterinary care.

Despite the wealth of available data, detailed insights into government investments and the frequency of surgical procedures remain elusive in public domains. Yet, organizations like the American Veterinary Medical Association (AVMA), the World Organization for Animal Health (OIE), and the Food and Agriculture Organization (FAO) provide indirect yet invaluable insights into veterinary medicine trends and animal health expenditures. These figures offer a nuanced understanding of the market dynamics, highlighting the critical role of veterinary surgical instruments in advancing animal health and welfare.

Key Takeaways

• Projected growth of the Veterinary Surgical Instruments Market from USD 1.2 billion in 2023 to USD 2.2 billion by 2033, with a CAGR of 6.4%.
• Handheld devices led the product segment in 2023, capturing over 38% of the market due to their crucial role in surgeries.
• The large animal segment dominated in 2023, comprising over 52% of the market, driven by increased focus on livestock health and productivity.
• Electrosurgery instruments noted for their precision, marked significant adoption, reflecting a trend towards advanced surgical methodologies in veterinary care.
• In 2023, 66% of U.S. households owned pets, contributing to a veterinary care and product sales revenue of $38.3 billion.
• The high costs associated with veterinary surgical procedures present a significant restraint, potentially limiting access to and frequency of surgical interventions.
• Advancements in minimally invasive and laser surgeries offer growth opportunities by improving outcomes and recovery times for animals.
• North America led the global market in 2023 with a 37.7% share, fueled by high pet ownership rates and advanced healthcare infrastructure.

Product Analysis

In 2023, the segment for Handheld Devices claimed a leading position within the Veterinary Surgical Instruments Market, holding over 38% of the market share. This segment includes indispensable tools such as forceps, scalpels, surgical scissors, hooks, and retractors. Their dominant presence in the market is attributed to their essential role in a wide array of veterinary surgeries. The durability and precision of these instruments, alongside their necessity in routine surgical procedures, have cemented their importance in veterinary practices.

The Electrosurgery Instruments segment followed closely, marking a significant footprint in the market. These devices, which utilize electric currents for cutting and coagulating tissue, are lauded for their precision and reduced trauma to patients. This technology’s benefits, including minimized blood loss during surgeries, have bolstered its adoption. The growing preference for these instruments reflects the veterinary sector’s shift towards more advanced surgical methods.

Lastly, the segments for Sutures and Staplers, along with Other Products, are pivotal in the market for their roles in wound management and support during surgeries. Sutures and staplers are crucial for their efficacy in promoting healing and reducing post-surgery complications. The Other Products category, which includes a variety of supporting tools and innovations, highlights the market’s dynamic nature. As veterinary surgical practices evolve, the demand for specialized and technologically advanced instruments is anticipated to grow, shaping future market trends.

Animal Type Analysis

In 2023, the Veterinary Surgical Instruments Market witnessed the Large Animal segment securing a leading position by claiming over 52% of the market share. This dominance is attributed to the escalated investments in veterinary healthcare for large animals, alongside a heightened awareness among livestock owners about animal health.

Furthermore, the increasing demand for dairy and meat products has underscored the importance of maintaining the health and productivity of farm animals. Specialized surgical tools designed for large animals, which require durable and complex instruments, also contributed to this segment’s growth.

On the flip side, the Small Animal segment displayed considerable growth, driven by the rising trend of pet ownership and the consequent boost in veterinary care services. Pets, especially dogs and cats, necessitate frequent visits for surgeries ranging from routine procedures to complex operations, thereby elevating the demand for advanced surgical instruments.

The segment’s growth is further fueled by technological innovations in surgical tools, enhancing precision and minimally invasive techniques. As the market evolves, key players are focusing on strategic alliances to broaden their product offerings and tap into new technological advancements, catering to the intricate needs of veterinary surgical procedures.

Application Analysis

In 2023, the Dental Surgery segment hold dominating position within the Veterinary Surgical Instruments Market, securing a share exceeding 33%. This segment’s prominence is largely owed to an uptick in dental ailments among pets and heightened awareness among owners about pet dental care. Innovations in veterinary dental procedures, such as periodontal therapy and advanced endodontics, have played a critical role in this segment’s expansion, underscoring the evolving nature of veterinary dental care.

The Soft Tissue Surgery and Cardiovascular Surgery segments have demonstrated notable growth, driven by the escalating demand for surgeries related to pets’ digestive and respiratory systems, and the surge in cardiovascular diseases among animals, respectively. The adoption of minimally invasive surgical methods has particularly boosted the Soft Tissue Surgery segment, enhancing recovery times and surgical outcomes. Meanwhile, advancements in surgical tools and methods have propelled the Cardiovascular Surgery segment, reflecting the sector’s technological progression.

The Ophthalmic Surgery segment, focusing on treatments for eye conditions such as cataracts and glaucoma, has also seen substantial growth. This is attributed to advancements in surgical instruments and procedures improving the success rates of ophthalmic surgeries. Moreover, the “Other Applications” category, which includes a broad array of surgeries from orthopedic to neurosurgery, highlights the market’s versatility. The continual innovation across all segments, coupled with a growing emphasis on animal health, underscores the dynamic and expanding nature of the Veterinary Surgical Instruments Market.

Key Market Segments

Product

• Handheld Devices
  • Forceps
  • Scalpels
  • Surgical Scissors
  • Hooks & Retractors
  • Others
• Electrosurgery Instruments
• Sutures
• Staplers
• Other Products

Animal Type

• Large Animal
• Small Animal

Application

• Soft Tissue Surgery
• Cardiovascular Surgery
• Ophthalmic Surgery
• Dental Surgery
• Other Applications

Drivers

Increasing Pet Ownership and Expenditure on Animal Healthcare

The substantial growth of the Global Veterinary Surgical Instruments Market is largely driven by the significant increase in pet ownership and corresponding expenditure on animal healthcare. As of 2023, the American Pet Products Association (APPA) reports that 66% of U.S. households, or 86.9 million homes, have pets. This represents a marked rise from 56% in 1988, underscoring a deepening bond between humans and pets, with pets increasingly considered integral members of the family.

The financial commitment to pet healthcare has likewise surged, with total U.S. pet industry expenditures reaching $147 billion in 2023, and projected to increase to $150.6 billion by 2024. Veterinary care and product sales accounted for $38.3 billion of the 2023 expenditure, a testament to the high value placed on pet health and wellness​.

This rising pet ownership trend, coupled with the willingness of pet owners to invest in their pets’ health, signifies a robust demand for veterinary services, including surgical procedures. The expansion in the veterinary surgical instruments market is thus a direct reflection of the broader acknowledgment of the critical role of health and wellness in the animal companion sector. The ongoing commitment to maintaining high standards of pet care, as evidenced by steady increases in spending on veterinary care and products, suggests a sustained growth trajectory for the veterinary surgical instruments market​.

Restraints

High Cost of Veterinary Surgical Procedures

One major restraint facing the Global Veterinary Surgical Instruments Market is the high cost associated with veterinary surgical procedures. These costs can be prohibitive for some pet owners, potentially limiting the frequency and willingness to opt for surgical interventions unless absolutely necessary. Additionally, the investment in advanced surgical instruments and technologies can be significant for veterinary practices, affecting the affordability and accessibility of these services.

These expenses include not just the surgery itself but also pre- and post-operative care, medication, and sometimes long-term management of the pet’s condition. For instance, common procedures such as spaying or neutering can cost between $35 to $500 depending on various factors including the pet’s age and health condition, while more complex orthopedic surgeries, like a total hip replacement, can range from $3,000 to $7,000​​. Moreover, the cost for emergency veterinary care can quickly accumulate, with a typical emergency visit potentially totaling between $475 to $1,080, not including the cost for treatment which depends on the pet’s condition​.

Opportunities

Advancements in Veterinary Surgical Techniques

Advancements in veterinary surgical techniques have emerged as a significant driver for the market growth of veterinary surgical instruments. The introduction of minimally invasive surgeries, laser surgeries, and robot-assisted procedures has revolutionized the field, offering improved outcomes, shorter recovery times, and reduced discomfort for animals.

These innovations not only enhance the efficiency and effectiveness of veterinary surgeries but also motivate more pet owners to opt for surgical care for their pets. Consequently, there is an elevated demand for advanced surgical instruments.

Trends

Growing Focus on Animal Welfare and Regulatory Compliance

The global market for veterinary surgical instruments is witnessing significant advancements, particularly in the realm of surgical precision and animal welfare. One notable innovation is the development of custom-fitted, 3D-printed titanium hip implants, exemplified by the treatment of Dexter, a German shorthaired pointer.

These implants, tailored from CT scans, not only promise a perfect fit but also offer the prospect of extended, healthier lives for animals suffering from hip disorders. This trend underscores a move towards personalized surgical solutions, ensuring higher standards of care and compliance with regulatory expectations. Such advancements are indicative of the industry’s commitment to enhancing the quality of veterinary surgical practices.

Regional Analysis

In 2023, North America emerged as a frontrunner in the Veterinary Surgical Instruments Market, capturing over 37.7% of the market share and boasting a market value exceeding USD 0.4 billion. This significant market dominance can be attributed to several key factors. Firstly, North America’s well-established healthcare infrastructure, particularly in the realm of veterinary services, has embraced cutting-edge technological advancements in surgical instruments. This proactive adoption of innovative tools has propelled the demand for advanced veterinary surgical procedures.

Moreover, the region exhibits a notably high rate of pet ownership, reflecting a growing trend towards pet humanization and increased expenditure on pet healthcare. As a result, there is a parallel surge in demand for veterinary surgical procedures, subsequently driving the market for surgical instruments.

Additionally, North America’s stringent regulatory environment ensures the quality and safety standards of veterinary surgical instruments. Compliance with these regulations fosters consumer trust and confidence, thereby encouraging the widespread adoption of advanced surgical tools.

Furthermore, the presence of key market players in North America, along with their extensive distribution networks and strategic collaborations, further fuels market growth by effectively meeting diverse consumer needs.

Looking ahead, North America is poised to maintain its leading position in the Veterinary Surgical Instruments Market. However, emerging markets in regions such as Asia-Pacific and Europe present promising growth opportunities due to rising pet adoption rates and increasing awareness of veterinary care. Market players should thus adapt their strategies to capitalize on these evolving trends while continuously enhancing their product offerings to meet consumer demands.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

In the competitive landscape of the Veterinary Surgical Instruments Market, there are several key players that hold significant positions. One such player is Medtronic Plc, a renowned company in the medical device industry that has extended its expertise to the veterinary sector. With a global presence and a reputation for quality and innovation, Medtronic Plc offers advanced surgical solutions to veterinary practices worldwide.

B. Braun SE is also a major contender, bringing its expertise in medical and surgical equipment to the veterinary market. Known for its commitment to precision and reliability, B. Braun SE provides a diverse portfolio of surgical instruments tailored to the unique needs of veterinary surgeons.

Neogen Corporation, specializing in animal safety and diagnostics, plays a significant role in the market by offering a range of specialized surgical tools designed to enhance surgical outcomes in veterinary practices. GerMedUSA, recognized for its high-quality surgical instruments, serves as another key player, providing reliable and durable instruments trusted by veterinarians.

Finally, Surgical Holdings, a leading manufacturer of surgical instruments, contributes to the veterinary market with its extensive product range and commitment to excellence. These key players compete based on factors such as product quality, innovation, pricing, and distribution networks, adapting their strategies to meet the changing needs of veterinary professionals and pet owners worldwide.

Market Key Players

• Medtronic Plc
• B. Braun SE
• Neogen Corporation
• GerMedUSA
• Surgical Holdings
• Sklar Surgical Instruments
• Integra LifeSciences
• Ethicon US LLC
• Jorgen Kruuse A/S
• DRE Veterinary
• World Precision Instruments

Recent Developments

• November 2023: GerMedUSA showcased a variety of new and improved veterinary surgical instruments at the Fetch dvm360® Conference. The event, held in Long Beach, California, featured a selection of specially designed color-coated kits and packs, enhancing options for veterinary practices. These products are part of GerMedUSA’s ongoing efforts to provide durable and efficient tools tailored to both small and large animal care.
• Second Quarter 2024: Integra LifeSciences reported an 11.3% reported growth in total revenues for its Codman Specialty Surgical segment, which includes veterinary surgical instruments. This growth highlights the segment’s strong performance, although the company overall saw a mixed financial quarter with some areas experiencing lower growth or declines due to supply backorders and other operational challenges.

Report Scope