U.S. Veterinary Surgical Instruments Market - By Product (Sutures & Staplers, Forceps, Scalpels, Surgical Scissors, Hooks & Retractors, Trocars & Cannulas, Electro-Surgery Instruments), By Animal, By Application, By End-use & Forecast, 2023-2032

U.S. Veterinary Surgical Instruments Market Size

U.S. Veterinary Surgical Instruments Market size held a valuation of over USD 453.5 million in 2022 and is anticipated to grow at over 5.5% CAGR from 2023 to 2032. Driven by increasing expenditure towards healthcare for animals, especially pets.
 

Increasing awareness around pet health as well as pet care has elevated the demand for life-saving veterinary surgical procedures in the country. A majority of growth occurred during the COVID-19 pandemic, where many Americans were adopting companion animals to keep them company during the lockdowns.
 

Elevated costs of veterinary surgeries may hinder market expansion

While animal care has been gaining traction in the U.S. veterinary surgical instruments market may be limited due to the high expense of veterinary surgeries. Many pets and livestock require spaying and neutering surgery, hip dysplasia surgery, oral surgery, and such, with costs varying greatly between different animals as well as procedures. In light of the recent COVID-19 related economic hardships faced by people in the country, studies have shown the many owners are more inclined towards relinquishing their ownership if they cannot afford to provide their pets with the medical care they need.
 

U.S. Veterinary Surgical Instruments Market Analysis

Based on product, the U.S. veterinary surgical instruments market is classified into trocars & cannulas, sutures & staplers, surgical scissors, forceps, hooks & retractors, scalpels, and electro-surgery instruments. Among these, the surgical scissors segment is expected to exceed USD 186 million by 2032. Given the wide-scale availability of different types of surgical scissors, with varying shapes and sizes. The product also boasts of an extensive range of applications across all manner of veterinary surgeries, whether simple or complex, which further augments their demand in veterinary facilities.
 

U.S. veterinary surgical instruments market from small and medium animals segment is slated to register over 5.5% CAGR from 2023 to 2032, driven by the rapidly rising millennial pet ownership. As per a 2021 national pet owners survey conducted by American Pet Products Association, millennials account for a third of pet owners demographic in the country. Smaller pets can be easily accommodated in smaller dwellings such as apartments, and are cheaper to care for, like in terms of surgery, which is shaping overall segment outlook.
 

Based on application, the market is bifurcated into dental surgery, orthopedic surgery, ophthalmic surgery, and neurosurgery. The dental surgery segment accounted for almost 29.5% of the market share in 2022. According to DVM Multimedia, 80% of dogs and 70% of cats are estimated to suffer from some type of dental disease by the age of 3 years. Dental conditions account for the largest number of illnesses in pets. With many owners now becoming more aware of pet healthcare and the importance of oral care, the segment is likely to foresee considerable progress.

U.S. veterinary surgical instruments market from veterinary clinics segment held USD 249 million in 2022. This is owing to the rising number of vet clinics in the country. The better patient outreach offered by these clinics to pet owners is also expected to drive industry revenue. It is anticipated that rising pet ownership and animal health awareness would drive more visits to vets in terms of annual check-ups and monthly visits.
 

U.S. Veterinary Surgical Instruments Market Share

Some of the key players in the industry are :

• Medtronic plc
• Jorgen KRUSSE A/S (Henry Schein)
• B. Braun Vet Care
• Neogen Corporation
• Ethicon
• Sklar Surgical Instruments
• Jorgensen Labs
• BMT Medizintechnik GmbH
• Vimian Group
• GerMedUSA

The industry has witnessed a number of acquisitions and mergers lately.
 

COVID-19 Impact

The market was seriously affected by the COVID-19 pandemic globally, as surgical visits of animals went down drastically due to the social distancing and lockdown restrictions. Moreover, the postponement of vet visits by owners during the pandemic further saw fewer veterinary surgeries being performed during the period, acutely impacting the market negatively. However, considering that pet ownership grew tremendously during the pandemic, the industry is likely to witness a strong bounce back phase fueled by first-time owners.
 

The U.S. veterinary surgical instrument market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments:

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By Product

• Sutures
• Staplers
• Forceps
• Scalpels
• Surgical Scissors
• Hooks & Retractors
• Trocars & Cannulas
• Electro-surgery Instruments
• Others

By Animal Type

• Small & Medium Animals
• Large Animals

By Application

• Dental Surgery
• Orthopedic Surgery
• Neurosurgery
• Ophthalmic Surgery
• Others

By End-use

• Veterinary Clinics
• Veterinary Hospitals
• Research Centers & Academia