According to the research report titled ‘Veterinary Surgical Instruments Market Size By Product, By Animal Type (Small & Medium Animals, Large Animals), By Application (Dental Surgery, Orthopedic Surgery, Neurosurgery, Ophthalmic Surgery), By End-use (Veterinary Clinics, Veterinary Hospitals, Research Centers & Academia), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, global veterinary surgical instruments market size is expected to surpass a valuation of USD 1.8 billion by the end of the forecast period 2019-2025.
 

Escalating demand for veterinary surgical services, increasing number of animal injuries, and rising cases of chronic animal disorders are driving global veterinary surgical instruments market growth. Moreover, rising insurance of pets in developed countries such U.K. and U.S. are favoring the industry expansion.
 

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However, high cost of veterinary surgeries and dearth of skilled professionals in developing economies is hampering the business dynamics.
 

On the basis of product type, global veterinary surgical instruments industry size from sutures and staplers segments is anticipated to hit USD 138.8 million by 2025. Growing emphasis of manufacturers towards development of cost-effective and easy-to-use instruments for wound closure, along with increasing adoption of skin staplers by veterinarians owing to benefits like superiors design and low post-operative complications are fueling the segmental growth.
 

In terms of animal type, large animals segment is slated to record a CAGR of 5.4% over the projected timeline due to growing concerns of infectious and chronic diseases in livestock.
 

Considering application scope, ophthalmic surgery segment is poised to register 5.2% CAGR through 2025, creditable to rising burden of ophthalmic diseases among small and large animals, and availability of various advanced techniques to eye treatment in animals.
 

Moving to end-user segmentation, veterinary hospitals captured 39.7% of global veterinary surgical instruments market share in 2019 and will likely accrue strong gains in the upcoming years, largely due increasing number of veterinary surgeons and hospitals.
 

On the geographical front, United States market, in 2018, generated USD 492 million in revenue and is likely to witness a notable hike over the forecast duration. Surging adoption of companion animals like dogs and cats, along with higher healthcare awareness pertaining to animal diseases are favoring the industry growth in the nation. Moreover, strong presence of prominent players such as Medtronic plc, Ethicon, and DRE Veterinary is complementing the industry outlook.
 

Meanwhile, Japan market is set to record 5.4% CAGR through 2025, creditable to increasing alliances between private and public organizations to promote animal health services, and spike in animal healthcare expenditure.
 

Top tier-players in global veterinary surgical instruments market are GerMedUSA Inc., BMT Medizintechnik GmbH, Surgical Holdings, Neogen Corp., Jorgensen Laboratories Inc., Sklar Surgical Instruments, Ethicon Inc., Jorgen Kruuse A/S, Medtronic plc, and B.Braun Vet Care.