(PharmaNewsWire.Com, January 20, 2018 ) The Europe Veterinary Surgical Devices Market was worth USD 194.48 million in 2016 and estimated to be growing at a CAGR of 6.2%, to reach USD 262.72 million by 2021. With the increasing companion animal population and growing concern regarding pets the market is forecasted to grow steadily.
The amount of pet owners as well as companion animal population is on the rise. The number veterinary practitioners are also increasing. To help these veterinarians to treat animals surgical instruments have been manufactured which are designed to perform specific actions during a surgery or operation. Over time, many different kinds of surgical instruments and tools have been invented.
The factors driving the growth of market are rising animal health expenditure, growing companion animal population coupled with pet insurance, increasing individual awareness regarding animal health. Also increase in number of veterinary practitioners, rise in their income levels in developed regions is going to assist in growth of the market. Nevertheless, limited number of veterinarians in many developing regions, expensive pet care costs may hamper the growth of market. Additionally, increasing awareness among individuals in developing regions regarding animal health provides great future potential for the market.
The Europe market for Veterinary Surgical Devices is segmented based on Product, Animal and Application. Based on Products – Sutures, Foreceps, Scissors, Electrosurgery Instruments, Cannulas, Staplers and accessories and others. Based on Animals – Canines, Felines and Large Animals. Based on Applications – Soft tissue, Sterilization, Gynecology, Orthopedic Surgery.
Based on Geographical analysis the market is separated into regions of U.K., Germany, France, Italy and Spain. U.K. is leading the market while Germany is at second place. Higher adoption rate and favourable reimbursement policies favoured the dominance of U.K.. Germany is expected to grow at the fastest CAGR due to increasing awareness regarding animal health and increasing livestock population. Product wise Sutures, Staples & accessories are holding major share in the market.
Some of the key players dominating this market include B.Braun Vet Care GmbH, Medtronic Plc., Ethicon Inc., JORGEN KRUSSE A/S, Jorgensen Laboratories, Smiths Group Plc., Neogen Corporation, Integra LifeSciences Holding Corporation, STERIS Corporation, DRE Veterinary, GerMedUSA Inc., Surgical Holdings, Sklar Surgical Instruments, World Precision Instruments Inc., Surgical Direct.
Scope of the report
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of application and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
