The Veterinary Surgical Devices Market size in Latin America was worth USD 109.07 million in 2022 and estimated to be growing at a CAGR of 6.93% to reach USD 152.47 million by 2027. With the increasing companion animal population and growing concern regarding pets, the market is predicted to grow steadily.
Over time, many different kinds of surgical instruments and tools have been invented. To help veterinarians to treat animals’ surgical instruments have been manufactured which are designed to perform specific actions during a surgery or operation. The amount of pet owners, as well as the companion animal population, is on the rise. The number of veterinary practitioners is also increasing.
Some of the factors like growing companion animal population coupled with pet insurance, increasing individual awareness regarding animal health, and rising animal health expenditure drive the market forward. Also, the increase in the number of veterinary practitioners and the rise in their income levels in developed regions will assist in the market's growth. Conversely, a limited number of veterinarians in many developing regions and high pet care costs may hamper the market's growth.
Besides, increasing awareness among individuals in developing regions regarding animal health provides great future potential.
This research report on the Latin America Veterinary Surgical Devices Market has been segmented & sub-segmented into the following categories:
Regionally, Brazil is leading the market while Argentina is in second place. The higher adoption rate and the Higher pet adoption rate has favored the dominance of Brazil. Argentina 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 a major share in the market.
Promising companies leading the LATAM Veterinary Surgical Devices Market profiled in this report are 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.
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