Veterinary Surgical Instruments Market Size, Share & Trends Analysis Report By Product (Handheld Devices, Electrosurgery Instruments), By Animal Type, By Application (Soft Tissue Surgery, Cardiovascular Surgery), By Region, And Segment Forecasts, 2023 - 2030

Veterinary Surgical Instruments Trends

The global veterinary surgical instruments market size was valued at USD 1.09 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. Increasing surgical procedures on pets in developing countries is expected to drive market growth over the forecast period. The most common products of surgical procedures on pets are dental, cataract, hip dysplasia, spay or neuter, and wound repair. According to German Research Statistics (2019), around 2.1 million surgical procedures were performed on animals in 2019. An increasing number of practitioners and technological advancements for these instruments are the major factors driving the market for veterinary surgical instruments. According to the American Veterinary Medical Association (AVMA), 124,069 veterinary practitioners were present in the U.S. as of 2022, compared to 110,531 in 2017. An increase in veterinary hospitals and clinics is further driving market growth.

Moreover, rising demand for animal health insurance, increasing adoption of companion animals, government initiatives to prevent zoonotic diseases, and new product innovation are anticipated to positively impact the growth of the market for veterinary surgical instruments. The North American Pet Health Insurance Association (NAPHIA) announced that North America’s pet insurance sector exceeded USD2.83 billion USD at year-end 2021, and industry growth more than doubled over the past four years (2018 – 2021).

Increasing incidences of periodontal problems in pets and demand for better treatment options are driving the demand for veterinary surgeries. In mixed populations of working dogs and pets, tooth fracture prevalence in dogs has been historically reported between 2.6% and 27%. Moreover, increased demand for periodontal and advanced oral surgeries has been witnessed. The availability of proper post-operative pain management treatment options is further boosting the demand for surgical intervention, subsequently driving the demand for veterinary surgical instruments.

In addition, health conditions associated with obesity are increasing, which include osteoarthritis, heart disease, dental problems, and diabetes. These conditions require surgical intervention. Major breakthroughs in veterinary practices and surgical instruments, such as advancements in orthotics and prosthetics and microfracture detection in racehorses, coupled with the adoption of simulation models in orthopedic surgeries, fuel the demand for surgeries for these conditions.

Regional Insights

North America dominated the market with the largest revenue share of 37.9% in 2022. The rise in collective efforts taken by key players to improve their product portfolio and ensure high-quality standards is projected to boost the demand for veterinary surgical instruments in the region. For instance, in August 2018, Symmetry Surgical Inc. acquired Bovie Medical in order to improve its portfolio of veterinary electrosurgical instruments. In addition, the rising demand for pet insurance boosts market growth. According to a report published by the North American Pet Health Insurance Association (NAPHIA), more than 2.5 million pets in the U.S. and Canada were under an insurance plan as of 2018.

In addition, pet humanization and increased awareness of animal welfare are expected to fuel the Asia Pacific market over the forecast period. Japan accounted for a significant share of the regional market due to the rapid adoption of new techniques such as advanced diagnostic services and the increasing geriatric pet population. Several dogs and cats are living to a mean age of 12 to 13 years in Japan. Increasing cases of chronic disorders in animals is fueling the demand for surgical intervention. The aforementioned factors are expected to fuel the demand for veterinary surgical instruments in the coming years.

Product Insights

The handheld devices segment dominated the market and accounted for the largest revenue share in 2022. Handheld devices are further sub-segmented into scalpels, forceps, hooks and retractors, surgical scissors, and others. Technological advancements for these surgical instruments and increasing expenditure on animal healthcare are expected to boost segment growth. For instance, In 2022, Americans spent USD 136.8 billion on their pets, up 10.68% from USD 123.6 billion in 2021. Dog owners spend an average of USD 730 million a year on their dogs.

The electrosurgery instruments segment is expected to grow at the fastest CAGR during the forecast period due to advantages such as accuracy, easy handling, high sensitivity, and rapid healing by electrode pencils. The increasing adoption of bipolar electrosurgery instruments is also expected to drive the growth of the segment. Key industry players are taking initiatives such as mergers, acquisitions, partnerships, and collaborations in order to gain a higher market share.

Animal Type Insights

The large animal segment dominated the market and accounted for the largest revenue share of 67.3% in 2022 owing to the increasing prevalence of chronic diseases of equine animals, awareness among government animal healthcare organizations, and rising expenditure on animal healthcare in developing countries. The World Health Organization (WHO) is engaging in various activities to address health threats at the human-animal-ecosystem interface including antimicrobial resistance, food-borne zoonosis, and food safety. This is expected to drive the need for better treatment facilities equipped with veterinary surgical instruments for companion animals.

The small animal segment is expected to grow at the fastest CAGR of 7.6% during the forecast period due to the increasing small animal ownership and demand for efficient animal care. According to a report by the Humane Society of the United States, around 60.2 million U.S. households had at least one dog as of 2017. The increasing rate of cranial cruciate ligament (CCL) surgeries in dogs is also expected to drive segment growth.

Application Insights

The dental surgery segment dominated the market and accounted for the largest revenue share in 2022, owing to increasing awareness among pet owners regarding the dental health of their pets. Moreover, increasing incidences of periodontal diseases and technological advancements in dental devices and instruments drive the growth of this segment. According to a report by the Australian and American Veterinary Dental Society, in 2020, more than 70.0% of cats and 80.0% of dogs develop gum disease at the age of three.

The orthopedic surgery segment is expected to witness lucrative growth over the forecast period due to the increasing number of animal hospitals and rising demand for orthopedic implants. For households with cats, mean annual expenditures on veterinary visits were USD 189 in 2020 and USD 321 in 2022. The mean cost of an annual wellness visit for a dog and a cat was USD 168 and USD 141 in 2016, USD 195 and USD 133 in 2020, and USD 192 and USD 169 in 2022. Initiatives by key industry players for advanced treatment options in veterinary orthopedics are fueling segment growth. For instance, in June 2018, Veterinary Orthopedic Implants launched TPLO Plate for better orthopedic implant surgeries in pets.

Key Companies & Market Share Insights

The market is highly competitive, with a large number of manufacturers accounting for a majority of the market share. Product launches, approvals, strategic acquisitions, and innovations are just a few of the important business strategies used by market participants to maintain and grow their global reach. For instance, Vimian Group, in 2022, acquired two product portfolios of surgical instruments used for veterinary care and orthopedic implants used in the U.S. This acquisition has allowed the group to enter a new product category with veterinary surgical instrumentation and expand its portfolio.

Veterinary Surgical Instrument Market Report Scope

Global Veterinary Surgical Instruments Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global veterinary surgical instruments market report based on product, animal type, application, and region:

• Product Outlook (Revenue in USD Million, 2018 - 2030)

  • Handheld Devices

    • Forceps

    • Scalpels

    • Surgical Scissors

    • Hooks & Retractors

    • Others

  • Electrosurgery Instruments

  • Sutures, Staplers, And Accessories 

  • Others

• Animal Type Outlook (Revenue in USD Million, 2018 - 2030)

  • Large Animal

  • Small Animal

• Application Outlook (Revenue in USD Million, 2018 - 2030)

  • Soft Tissue Surgery 

  • Cardiovascular Surgery

  • Ophthalmic Surgery

  • Dental Surgery 

  • Orthopedic Surgery

  • Others

• Regional Outlook (Revenue in USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait