CHICAGO, Aug. 5, 2024 /PRNewswire/ -- The
global Veterinary Surgical Procedures Market is expected to
grow from USD 48.3 billion in 2024 to
USD 67.8 billion by 2029, at a CAGR
of 7.0%. The global veterinary surgical procedures market is
experiencing significant transformation due to advancements in
surgical instruments, robotics, imaging technologies, and increased
pet ownership. Key drivers include the rise in companion animal
populations and innovations such as minimally invasive techniques
and advanced imaging, which enhance surgical efficiency and
outcomes. However, rising pet care costs and a shortage of
veterinary practitioners in developing countries present
challenges. Opportunities lie in technological advancements in
veterinary surgery, improving treatment options and reducing
recovery times. The market is segmented by procedure type, animal
type, end user, and region, with spaying/neutering procedures and
cat surgeries expected to see notable growth. Veterinary clinics
are anticipated to experience strong growth, with North America leading in market expansion due
to high pet ownership, advanced veterinary medicine, and increased
pet insurance coverage. Major players in the market include
Ethicon, Cardinal Health, Medtronic, BD Animal Health, and
others.
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Cardinal Health, Inc.: Leading Provider of Medical and
Veterinary Products
Cardinal Health, Inc., headquartered in Dublin, Ohio, is a major player in the global
healthcare sector, particularly noted for its extensive range of
medical and laboratory products. The company is a significant
supplier of veterinary surgical instruments, gloves, syringes,
catheters, and diagnostic test kits. Cardinal Health serves
approximately 90% of U.S. veterinary hospitals, over 60,000 U.S.
pharmacies, and more than 10,000 specialty physician offices and
clinics. The company's commitment to enhancing patient outcomes and
supporting medication adherence underpins its broad impact in the
U.S. and international markets.
Ethicon, Inc.: Innovator in Surgical Instruments and
Techniques
Ethicon, a subsidiary of Johnson & Johnson MedTech,
specializes in essential surgical tools including sutures,
staplers, and energy devices, with applications in veterinary
surgery. Although primarily focused on human health products,
Ethicon's innovations, such as robotic-assisted surgery tools and
advanced energy devices, are adapted for veterinary use. The
company's emphasis on minimally invasive procedures aims to improve
recovery times and reduce pain, supported by ongoing research and
development in laparoscopic and robotic surgical technologies.
BD Animal Health: Global Leader in Diagnostic and Delivery
Systems
BD (Becton, Dickinson and Company) is a leading global medical
technology company with a strong presence in animal health through
its BD Animal Health division. Known for its expertise in medical
devices, BD offers diagnostic tools such as blood analysis systems
and microbiology solutions for animals. Additionally, the company
provides advanced delivery systems for vaccines and medications,
ensuring precise dosing and minimizing discomfort. BD Animal
Health's global footprint and adaptability to regional veterinary
needs highlight its significant role in enhancing animal health
care.
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Procedure Type Segmentation: Spaying/Neutering
Dominates
In 2023, the veterinary surgical procedures market was segmented
into spaying/neutering, dental procedures, soft tissue surgeries,
orthopedic surgeries, ophthalmic surgeries, neurological surgeries,
and other specialized surgeries. The spaying/neutering segment
holds the largest market share, driven by its benefits in
eliminating ovarian and uterine cancers in females and preventing
infections such as pyometra, which can be life-threatening. This
high impact on animal health is expected to further propel the
growth of this segment.
Animal Type Segmentation: Small Animals Lead
The market is divided into small animals and large animals.
Small animals account for the largest share of the veterinary
surgical procedures market. Surgeries on small animals benefit from
specialized equipment and techniques designed for their specific
anatomy and size. This specialization, particularly in delicate
procedures like neurosurgery and ophthalmic surgery, supports the
segment's growth.
Regional Insights: North
America at the Forefront
The veterinary surgical procedures market is segmented into
North America, Europe, and Asia
Pacific. In 2023, North
America held the largest market share, with the U.S. and
Canada leading due to their
well-equipped veterinary hospitals and emphasis on advanced medical
care. Compared to established markets like Europe, the Asia
Pacific region often offers lower labor costs, making it an
appealing option for companies aiming to optimize manufacturing
expenses.
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Related Reports:
Veterinary Diagnostic Market
Veterinary Imaging Market
Veterinary Reference Laboratory Market
Veterinary Infectious Disease Diagnostics Market
Antimicrobial Susceptibility Testing Market
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Procedures Companies and Veterinary Surgical Procedures
Market Share
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