(Health-NewsWire.Net, November 02, 2017 ) According to the report Veterinary Surgical Devices, published by Market Data Forecast, the North America market is projected to reach USD 383 billion by 2021, at a CAGR of 6.15% from 2016 to 2021.
With the growing 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 discovered. To help veterinarians to treat animals surgical instruments have been manufactured which are designed to perform specific actions during a operation or surgery. The amount of pet owners as well as companion animal population is growing. The number veterinary practitioners are also rising.
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North America Veterinary Surgical Devices: Drivers & Restraints Some of the factors like rising companion animal population coupled with pet insurance, rising individual awareness regarding animal health, growing animal health expenditure are driving the market forward. Also growing in number of veterinary practitioners, increase in their income levels in developed regions is going to assist in growth of the market. Conversely, limited amount of veterinarians in a lot of developing regions, high pet care costs may restrain the growth of market. Besides, rising awareness among individuals in developing regions regarding animal health provides great future potential for the market.
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North America Veterinary Surgical Devices: Segmentation By Product Introduction Sutures Foreceps Scissors Electrosurgery Instruments Cannulas Staplers and accessories Other Products By Animals Introduction Canines Felines Large Animals By Application Introduction Soft Tissue Sterilization Gynecology Orthopedic Surgery Other Applications
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North America Veterinary Surgical Devices: Overview Factors like rising companion animal population coupled with pet insurance and rising individual awareness regarding animal health is affecting the growth of this market positively. However, other factors like limited amount of veterinarians in a lot of developing regions and high pet care costs are expected to restrain the growth of this market. On the basis of Product, Sutures, Staples & accessories are holding major share in the market.
North America Veterinary Surgical Devices: Region-wise Outlook The market for Veterinary Surgical Devices in North America region is divided based on geography into United States, Canada and Mexico. United States is leading the market while Canada is at second place. Higher adoption rate coupled with favourable reimbursement policies favoured the dominance of United States. United States is expected to grow at the fastest CAGR due to increasing awareness regarding animal health and growing livestock population.
Key Questions Answered What is the current and future Veterinary Surgical Devices outlook in North America market? What trends are affecting the North America market? What is the competitive landscape and market share of major players in the Veterinary Surgical Devices space in North America market? What are the key, high growth markets that Veterinary Surgical Devices manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Veterinary Surgical Devices currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Veterinary Surgical Devices? What are the challenges and barriers that have hindered widespread adoption of Veterinary Surgical Devices?
North America Veterinary Surgical Devices: Key Players Some of the major companies dominating North America Veterinary Surgical Devices Market 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.
Reasons to buy North America Veterinary Surgical Devices Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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 Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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