Global Veterinary Surgical Devices Market Analysis Highlights the Impact of COVID-19 2020-2024| Rising Number of Surgical Procedures to Boost Market Growth

The global veterinary surgical devices market size and it is poised to grow by USD 350.54 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

·         Based on segmentation by product, which is the leading segment in the market?
Large animals is the leading segment in the market.

·         What is a major trend in the market?
Rising demand for pet insurance is one of the key trends in the market.

·         At what rate is the market projected to grow?
Growing at a CAGR of almost 7%, the market growth will accelerate during the forecast period of 2020-2024.

·         Who are the top players in the market?
Avante Health Solutions, B. Braun Melsungen AG, Heska Corp., Integra LifeSciences Holdings Corp., Johnson & Johnson Services Inc., Jørgen Kruuse AS, Medtronic Plc, Neogen Corp., Smiths Group Plc, and STERIS Plc are some of the major market participants.

·         What are the key market drivers?
The rising number of surgical procedures has been instrumental in driving the growth of the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Avante Health Solutions, B. Braun Melsungen AG, Heska Corp., Integra LifeSciences Holdings Corp., Johnson & Johnson Services Inc., Jørgen Kruuse AS, Medtronic Plc, Neogen Corp., Smiths Group Plc, and STERIS Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The rising number of surgical procedures has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Veterinary Surgical Devices Market 2020-2024: Segmentation

Veterinary Surgical Devices Market is segmented as below:

·         Type

o    Large Animals

o    Small Animals

·         Geographic Landscape

o    Asia

o    Europe

o    North America

o    ROW

Veterinary Surgical Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The veterinary surgical devices market report covers the following areas:

·         Veterinary Surgical Devices Market Size

·         Veterinary Surgical Devices Market Trends

·         Veterinary Surgical Devices Market Industry Analysis

This study identifies the rising demand for pet insurance as one of the prime reasons driving the veterinary surgical devices market growth during the next few years.