Market Overview:The global Surgical Instrumentsmarket was valued at USD 784.32billion in 2016 and is projected to reach USD 1387.10billionby 2025, growing at a CAGR of 6.54% from 2017 to 2025.
Surgical instruments are in high demand due to increased number of surgeries and increasing stringency towards quality of treatment being given by healthcare centers. The market is expected to grow at a high CAGR during the forecast period.
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Market Dynamics:
1. Market Drivers
1.1 Increasing Companion Animals Market
1.2 Rising Demand for Pet Health Insurance
1.3 Increasing Number of Veterinary Practitioners in Developed Countries
2. Market Restraints
2.1 Shortage of Skilled Veterinarians
Market Segmentation:
1. By Application:
1.1 Soft Tissue Surgery
1.2 Sterilization Surgery
1.3 Gynecological and Urological Surgery
1.4 Dental Surgery
1.5 Orthopedic Surgery
1.6 Ophthalmic Surgery
1.7 Other Surgeries
2. By Type of Animal:
2.1 Small Animals
2.1.1 Canines
2.1.2 Felines
2.1.3 Other Small Animals
2.2 Large Animals
2.2.1 Equines
2.2.2 Other Large Animals
3. By Product:
3.1 Sutures, Staplers, and Accessories
3.2 Handheld Devices
3.2.1 Forceps
3.2.2 Scalpels
3.2.3 Surgical Scissors
3.2.4 Hooks & Retractors
3.2.5 Trocars & Cannulas
3.3 Electrosurgery Instruments
3.4 Other Surgical Instruments
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
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The major players in the market are as follows:
1. B. Braun Vet Care GmbH
2. Medtronic PLC.
3. Ethicon Inc.
4. JørgenKruuse A/S
5. Jorgensen Laboratories
6. Neogen Corporation
7. Smiths Group PLC.
8. DRE Veterinary
9. Integra Lifesciences Holdings Corporation
10. Steris Corporation
11. Germed USA, Inc.
12. Surgical Holdings
13. Sklar Surgical Instruments
14. IM3 Inc.
15. Antibe Therapeutics Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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