Market forecast (2024-2032):

The Veterinary Surgical Procedures market is expected to generate a revenue of USD 49.1 billion in 2024, with a revenue of USD 85.00 billion in 2032 to register a CAGR of 7.1%.

Veterinary surgery techniques in companion animals are revolutionizing the industry rapidly and benefitting manufacturers greatly. The increasing demand for veterinary surgical interventions is basically associated with the growth in pet ownership worldwide, other than improvement in surgical skills, particularly the employment of surgical instruments and equipment. Novel surgical instruments, robots, and imaging technologies created in this field, similar to 3D printing and virtual reality training for vets, have increased treatment success rates and efficiency.

The COVID-19 epidemic has damaged the market of veterinary surgical instruments through the lockdown, making it difficult to reach clinics, and has affected animal surgeries. For instance, according to a report released in September 2021 by the American Veterinary Medical Association, veterinary clinics had tremendous challenges for the 18 months subsequent to the COVID-19 pandemic. As veterinary clinics were functional as key businesses in the initial months of the outbreak, they only saw critical cases. A drop in demand for surgical equipment due to the lock-down of veterinary clinics had a serious influence on market growth. However, it is expected that growing pet adoption and increased awareness about animal welfare in the next few years would drive the growth of the market.

The increasing adoption of animals and spending on healthcare are estimated to fuel the growth of the market. Some key driving factors of the market growth can be rising cases of various diseases in animals, associating surgical procedures, and technological advancements.

Due to a variety of other factors, coupled with the favourable economic climate, a disproportionate pet ownership share falls to the developed world. According to the American Pet Products Association's 2021–2022 National Pet Owners Survey, over 70% of all American families, or 90.5 million houses, own a pet, including 45.3 million cats and 69 million dogs. The same source reports that, on an average, a dog visit can cost about USD 242 annually in the country, and for cats, this can be around USD 178.

An instruments and gadgets turn good, safer, and more accurate with increasing technical breakthroughs. Rising costs associated with animal healthcare and important techniques to improve surgical animal care will also increase market share. For example, Ort homed and OSSO VR teamed up in April 2022 to bring ROVR surgical training to the animal health business. This innovative training tool enables veterinarians to exercise procedures in virtual reality from everywhere at any time. The expected benefit of integration of this technology is going to increase efficiency of surgical procedures, hence increasing number of surgeries performed, hence market growth.

Market Dynamics: Market Drivers

Growth in the Companion Animal Population

• A number of interlinked factors over recent years seem to have raised the population of companion animals the world over. Indeed, there has been a rise in urbanization and denser living spaces, which tend to encourage smaller pets, like cats and tiny breed dogs. Furthermore, it appears that other social changes in views regarding pets being considered animal’s means that more ownership is encouraged because pets these days are increasingly regarded as family members. On the other hand, the economic prosperity of most regions has improved dog affordability to more people and families at the same time. This has, in turn, been fuelled further by the general influence of social media and popular culture, which purport animals as companions which bring about better lives each day and also present emotional support. The pet population has also increased through the process of adoption and rescue operations, all of which are the result of increased awareness of matters regarding animal welfare. This trend reiterates the relevance of pets in a new society and extends attention to the advantages posed to human-animal connections.

Market Opportunity

Advancements in Veterinary Surgery

• It’s quite similar to that of changes in human healthcare, innovation in veterinary surgery has greatly contributed to the spectrum of new possibilities for treating animals. Specifically, because of advances such as laparoscopy and minimally invasive procedures, combined with advanced diagnostic imaging modalities like MRI and CT, veterinarians are now far better placed to diagnose and treat a variety of disorders in pets. These advances have enabled surgeries to be performed more accurately, through smaller incisions, and thus also benefit animals undergoing procedures by reducing pain, accelerating recovery, and minimizing complications. Besides, newest anaesthesia protocols and monitoring systems in place have improved surgical safety by decreasing the risks associated with the delivery of anaesthesia. Similar technological advances in the form of joint replacement surgeries and better fracture repair have also benefited dogs in this area of orthopaedic surgery, letting them regain mobility and improve their quality of life.

Market Restraining Factors

Rising Pet Care Cost

• Increasing cost of pet care, a financial struggle is looming over pet owners the world over. The trend upward in cost is attributed to several sources. The developments that have been made in veterinary medicine and technology are providing pets with a standard of health care that was earlier given only to humans. This development brings with itself better results but at an increased cost. Furthermore, the quality of pet food and nutrition has improved. This is good in that more is known about what an animal requires nutritionally, but it also raises the cost for the owner. Finally, pets are more and more regarded as a member of the family, and owners are more and more willing to spend money for high-end services and goods, which raises costs.

Market Segmentation Analysis

The market scope is segmented because of by Procedure Type, by Animal Type, by End User.

By Procedure Type

Based on the Procedure Type of the market is segmented into Spaying/Neutering, Dental Procedures, Soft Tissue Surgeries, Orthopaedic Surgeries, Ophthalmic Surgeries, Neurological Surgeries, Other Specialized Surgeries.

Among all the types of procedures mentioned, spaying/neutering has traditionally held the largest position in the global veterinary surgical procedures market. The following are the reasons for this dominance. Spaying and neutering are standard preventive surgeries carried out to manage the population of pets and avoid unwanted offspring. They are arguably the most popular operations conducted in veterinary practices worldwide, and their execution is enhanced by extensive public awareness and advocacy for pet population management. Due to much emphasis from diverse programs of adopting pets and the community at large, these procedures are always in high demand.

Also spaying/neutering procedures are quite uncomplicated in comparison to other specific surgeries; hence, the cost is low and the recovery time is much quicker. Since the mentioned procedures are simple, inexpensive, and more convenient, they are considered very common and acceptable to the public. Moreover, many veterinary clinics offer the procedures at more affordable rates, which make the offer attractive; others offer the procedures in form of subsidized programs.

Other segments like orthopaedic and soft tissue surgeries, are also dominant market shares, they are rather more complicated and costly, therefore less frequent compared to routine procedures. Neurological or ophthalmic specialized procedures are rarer in comparison to other areas because of complexity, higher requirement of technology, and skills. Thus spaying/neutering accounts for the greatest volume in the market since it is, by nature, a routine type of surgery and quite extensive in pet care.

By Animal Type

Based on the Animal Type of the market is segmented into Small Animals, {Dogs, Cats, Rodents}, Large Animals.

The small animal segment cat and dog has been ruling the global veterinary surgical procedures market. This may be attributed to the fact that most of the households across the globe, especially in developed regions like North America and Europe, have pets. In comparison with large animals, small animals, more precisely dogs and cats, are kept as pets by a higher percentage of the population and, therefore, demand more veterinary services.

The trend towards pet humanization, whereby pets are treated as part of the family, represents a critical driver for this segment. Indeed, pet owners are more readily willing to invest in sophisticated medical treatments, including surgical procedures, for small pets. Furthermore, the increase in veterinary clinics and specialty hospitals handling only small animals improved access to good-quality surgical care and helped boost market growth.

The share of the large animal segment, including horses and cattle, is smaller because there are relatively few such animals kept as pets, and their care differs a lot, often bordering on livestock management and big animal health. While large animals are indispensable in agriculture and in equestrian sports, their surgical needs are not as frequent as the routine and emergency surgeries performed on small companion animals. It is this disparity in frequency and type of care required that gives the small animal segment the lion's share in the veterinary surgical procedures market.

Regional Snapshots

By region, it offers insights: the markets in North America, Europe, Asia-Pacific, Latin America, and MEA. Of the regions in the global veterinary surgical procedures market, North America has always held the leading share. This can be attributed to a large number of pet owners, a well-established veterinary infrastructure, and high spending on animal healthcare. There are plenty of veterinary clinics and specialty hospitals in both the United States and Canada, which are well-endowed with the latest surgical technologies. In addition, pet insurance penetrates significantly in North America, thereby providing access to expensive surgical procedures that fuel market growth. High disposable income and a strong focus on pet wellness make North America hold a leading position in the market.

Europe also commands a significant market share because of its high standard of veterinary care and strong culture of pet ownership. Mature veterinary practices, coupled with sophisticated surgical options, are characteristic in countries like Germany, the UK, and France. The focus on animal welfare and preventive care in Europe underpins the continued demand for sophisticated surgical procedures.

 The fastest-growing market for this segment is expected to belong to the Asia-Pacific region. Several factors drive this growth. First of all, with increasing urbanization and resultant rising disposable incomes in countries such as China and India, the number of pet owners has increased significantly. Also, better veterinary infrastructure and raised awareness about animal health stimulate demand for surgical procedures in this area. Further, expansion in services coupled with increasing investments in animal healthcare technology is also driving the veterinary services market. While the current market share of the Asia-Pacific region is lower compared to North America and Europe, the dynamic growth potential in this region depicts a changing market landscape that now offers ample expansion and development opportunities.

List of Companies Profiled:

• Ethicon, Inc. (Johnson & Johnson)
• Cardinal Health, Inc.
• Medtronic Plc
• Braun Vet Care Gmbh (B. Braun Melsungen Ag)
• BD Animal Health
• ICU Medical, Inc.
• Steris Plc
• Integra Lifesciences Holdings Corporation
• Neogen Corporation
• Baxter International, Inc
• Covetrus, Inc.
• Jorgensen Laboratories
• Surgical Holdings Veterinary
• Kshama Surgical Pvt. Ltd.
• Eickemeyer Kg
• Nonin Medical, Inc.
• Avalon Medical
• Infiniti Medical
• Sklar Surgical Instruments
• Dispomed Ltd.
• World Precision Instruments
• Jalal Surgical
• Gervetusa
• Naugra Medical
• Chun Tara Industries

Key Industry Developments

In January 2024, Cardinal Health acquired Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization, for USD 1.2 Billion. The acquisition helped the company enhance its specialty strategy by providing new capabilities that strengthen the link between downstream and upstream services.

In January 2024, BD and Techcyte announced a strategic collaboration to offer AI-based digital cervical cytology systems for pap testing.

In March 2023, Medtronic announced a partnership with Cosmo Pharmaceuticals and NVIDIA to integrate NVIDIA's AI technologies into the GI Genius intelligent endoscopy module. The GI Genius is the first FDA-cleared, AI-assisted colonoscopy tool designed to help physicians detect polyps that can lead to colorectal cancer.

In February 2023, TheraVet, a pioneering company in the management of osteoarticular diseases in pets, signed an exclusive distribution agreement with Vetpharma, a company in the marketing of veterinary products. This agreement represents a significant step forward for distributing the BIOCERA-VET product range, now available on five continents.

Report Coverage

The report will cover the qualitative and quantitative data on the global Veterinary Surgical Procedures Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Regional Analysis

North America accounted for the highest Veterinary Surgical Procedures% market share in terms of revenue in the Veterinary Surgical Procedures market and is expected to expand at a CAGR of Veterinary Surgical Procedures% during the forecast period. This growth can be attributed to the growing adoption of Veterinary Surgical Procedures. The market in APAC is expected to witness significant growth and is expected to register a CAGR of Veterinary Surgical Procedures% over upcoming years, because of the presence of key Veterinary Surgical Procedures companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Veterinary Surgical Procedures Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Veterinary Surgical Procedures Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Veterinary Surgical Procedures Market valued?
• Which region has the largest share in 2024 for the global Veterinary Surgical Procedures Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Veterinary Surgical Procedures Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Veterinary Surgical Procedures Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: