The North America Veterinary Surgical Devices Market was worth USD 342.86 million in 2022 and is estimated to be growing at a CAGR of 6.15%, to reach USD 462.09 million by 2027.
The North American Pet Health Insurance Association (NAPHIA) compensated nearly 2 million pets in the United States and Canada in 2017, an average 17.0% increase over the previous year. Veterinary surgical devices are mainly used in animal surgery. Recently, this market is growing, especially in developed countries. As the population increases, the demand for livestock rises. Pet ownership is also increasing around the North American area. However, the increase in livestock and pets increases the risk of animals becoming infected. Some of these diseases are zoonotic and can harm humans. This factor has contributed to growth in the North American veterinary surgery devices market. As technology advances and animal health spending increases, equipment and appliances become better, safer, and more accurate.
The increasing incidence of periodontal disease in pets and the need for better treatment drive the opportunity in North America Veterinary Surgical Devices Market. As of 2018, approximately 49.6% of companion animals' teeth are reported broken in the United States. Also, the demand for periodontal surgery and advanced oral surgery is increasing. The availability of appropriate postoperative pain management treatment options further increases the need for surgical intervention and increases veterinary surgical instruments' demand. Besides, obesity-related health conditions such as osteoarthritis, heart disease, dental problems, and diabetes are improving. In these situations, surgical intervention is required. Breakthroughs in veterinary practice and surgical instruments, such as the development of orthopedic and prosthetic devices and the detection of microfractures in horse racing, coupled with the use of simulated models in orthopedic surgery, require surgical tools, which is increasing the growth potential of the North America Veterinary Surgical Devices Market.
The cost of animal health can still be a burden due to the high cost of surgery, which is the restraint of the North America Veterinary Surgical Devices Market's growth.
The strict approval of such equipment by authorities increases the cost of manufacturing. It prevents companies from entering the market, which is acting as a challenging factor in the North America Veterinary Surgical Devices Market.
This research report on the North America Veterinary Surgical Devices Market has been segmented & sub-segmented into the following categories:
Regionally, the USA is leading the market while Canada is in second place. Higher adoption rates and favorable reimbursement policies favored the dominance of the USA. The USA 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 the major share in the market.
Some of the key players dominating the North America Veterinary Surgical Devices 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. and Surgical Direct.
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