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The veterinary surgical instruments are designed based on their functions that include holding, pulling, clamping, cutting, crushing, and closing a wound. Surgical instruments are classified into different types based on their design and function. They are made of austenitic or martensitic stainless steel.
Austenitic stainless steel is commonly used to make retractors and suction tips. All surgical instruments need to be inspected for pitting, corrosion, and rustAs per National Pet Owners Survey Statistics 2019-2020, coducted by the American Pet Products Association, Inc., around 84.9 million homes own pets in U.S. Increasing number of per owners and increasing number of pet injuries are some of the factors driving the growth of the global veterinary surgical instruments market.
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Growing pet insurance coverage leading to increased adoption of companion animals, growing incidence of veterinary diseases and technological advancements in surgical instruments are some of the factors anticipated to contribute to the growth of the veterinary surgical instruments market. For instance, according to a report by the Australian and American Veterinary Dental Societies, in 2017, more than 70.0% of cats and 80.0% of dogs developed gum diseases at the age of three.
The increasing number pet suffering serious gum diseases is subsequently leading to rise in number of dental surgeries. This is one of the factor expected to drive the demand for veterinary surgical instruments and anticipated to boost the market growth. Moreover, mounting cases of soft tissue injuries and trauma surgeries among pets, technological advancements in the veterinary surgical instruments and increased animal healthcare expenditure are some of the factors expected to drive the growth of the global veterinary surgical instruments market.
On the flip side, the lack of animal health awareness, stringent regulatory guidelines associated with safety, efficacy, and accuracy of the veterinary surgical instruments and shortage of skilled veterinarians in emerging countries are some of the factors restraining the global veterinary surgical instruments market growth.
The major companies covered in the global veterinary surgical instruments market report include STERIS plc., DRE Veterinary, B. Braun Melsungen AG, World Precision Instruments., Surgical Holdings., Integra LifeSciences, GerMedUSA, EICKEMEYER VETERINARY EQUIPMENT LTD. and other prominent players.
As per the current veterinary surgical instruments market trends, electrosurgery among the product type accounted for largest market share in the global veterinary surgical instruments market owing to better precision and reduced haemorrhage. The increasing preference of minimally invasive surgeries is one of the major reason for the growth of the electrosurgery segment.
The global veterinary surgical instruments market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the region, North America dominated the global veterinary surgical instruments market in 2018. Rising animal healthcare expenditure, growing number of veterinary practitioners, increase in number of adoption of companion animal and rising penetration of pet insurance and a well-established animal healthcare market are some of the factors expected to project the growth of the global veterinary surgical instruments market. Europe is anticipated to grow at a significant CAGR due to increased animal healthcare expenditure. According to a report by the European External Action Service (EEAS) in 2016, the European government invested USD 4.7 million in animal healthcare expenditure. Asia Pacific and Latin America is anticipated to grow at a significant CAGR during the forecast period of 2019-2026. The market in Latin America, is projected to register moderate CAGR during 2019-2026.
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