The global veterinary surgical instruments market is slated to experience a robust growth period owing to rising pet ownership, especially from shelters, which entails a variety of benefits. For example, adopting a pet from an animal shelter saves them from cruelty and harsh conditions in mass breeding facilities. From a more practical point of view, adoption can help in curbing pet overpopulation. For example, each year millions of kittens and puppies are euthanized because of lack of shelter homes.
However, recent years have witnessed a rise in adoption rate of companion animals. For instance, the American Pet Products Association (APPA) estimates that around 44% of American households have dogs as pets and 35% have cats as pets. Furthermore, the APPA approximates that in 2015-2016, 85.8 million cats and 78 million dogs were owned in the US. Increasing purchase and adoption of companion animals is one of the main factors driving the global veterinary surgical instruments market growth during the forecast period.
Some of the key players in the global veterinary surgical instruments market, as covered by the Fortune Business Insights, include:
- Surgical Holdings
- EICKEMEYER VETERINARY EQUIPMENT LTD.
- STERIS plc
- World Precision Instruments
- Integra LifeSciences
- DRE Veterinary
World Precision Instruments Develops Percussion Hammer, Amps up Competition
Recently, World Precision Instruments innovated the Taylor Percussion Hammer which can be used neurological examinations to detect peripheral nervous system disorders in animals. Similarly, DRE Veterinary developed an easily portable and moveable anesthesia machine specifically designed for veterinary surgeries called the DRE Premier XP. Such innovations are expected to intensify competition in the global veterinary surgical instruments market during the forecast period.
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