Global Surgical Instruments Market
The global Surgical Instruments market was valued at USD 784.32 billion in 2016 and is projected to reach USD 1387.10 billion by 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.
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
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
2.1.3 Other Small Animals
2.2 Large Animals
2.2.2 Other Large Animals
3. By Product:
3.1 Sutures, Staplers, and Accessories
3.2 Handheld Devices
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
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.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Surgical Instrumentsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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