Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Veterinary Surgical Sutures market.
Trusted Business Insights presents an updated and Latest Study on Veterinary Surgical Sutures Market 2019-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Veterinary Surgical Sutures market during the forecast period (2019-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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The report covers forecast and analysis for the veterinary surgical sutures market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the veterinary surgical sutures market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the veterinary surgical sutures market on a global level.
As per the report, the global demand for veterinary surgical sutures market was valued at approximately USD 256 million in 2018 and is expected to generate revenue of around USD 397.9 million by end of 2025, growing at a CAGR of around 6.5% between 2019 and 2025.
Sutures are a type of stitches or series of stitches which are used to secure the edges of surgical or traumatic wounds. Suture is a filament of material which is used to bind the tissue edges & give artificial support to the wound while it heals. Veterinary surgical sutures are used after the surgery of the animal. It is considered one of the most important and preferred surgical instruments or devices while carrying out surgeries or closure of wounds.
According to the data provided by GFK SE survey, about 55% of the total consumers own a pet. Also, according to the data provided by APPA (American Pet Products Association), about 68% of the total household in the U.S. owns a pet. There is a rapid increase in the number of the population which owns a pet. The growing awareness about the health-related issues among the owners of the companion animals or pets is mainly fueling the growth of the veterinary surgical sutures market. Increaseing technological advancements in the market for animal healthcare, technological development in the surgical sutures which are used, and its benefit of minimizing post-surgery efforts is fueling the growth of the global veterinary surgical sutures market.
The market for veterinary surgical sutures is distributed on the basis of type of suture, animal type, application, and end user. Based on the type of suture, the market for veterinary surgical sutures is divided into absorbable & non-absorbable surgical sutures. Non-absorbable surgical sutures segment is further divided into natural, braided, and microfilament. Absorbable segment dominated the market in the year 2017. On the basis of animal type, the market is segmented into large animal and small animal. The application segment of the veterinary surgical sutures market is fragmented into soft tissue surgery, gynecology & urology surgery, orthopedic surgery, and others. Based on the end user, the veterinary surgical sutures market is segmented into hospitals and veterinary clinics.
North America is anticipated to dominate the market for veterinary surgical sutures owing to the high adoption of pets, majorly in the U.S., and awareness about the surgical procedures for pets. The early introduction of developed products of veterinary sutures and presence of major players in this region is also fueling the growth of the veterinary surgical sutures market in North America. Awareness about the effective and easy surgical sutures among the population and rise in penetration of minimally-invasive surgeries which promotes use of sutures is also driving the growth of North America.
The major players involved in the global market are Medtronic PLC, DemeTech, B.Braun, Ethicon U.S., Q-Close, KRUUSE UK Ltd., Teleflex Inc., AmerisourceBergen Corporation, UNIFY sutures, and Vitrex Surgical.
Global Veterinary Surgical Sutures Market: Type of Suture Segment Analysis
Global Veterinary Surgical Sutures Market: Animal Type Segment Analysis
Global Veterinary Surgical Sutures Market: Application Segment Analysis
Soft Tissue Surgery
Gynecology & Urology Surgery
Global Veterinary Surgical Sutures Market: End-User Segment Analysis
Global Veterinary Surgical Sutures Market: Regional Segment Analysis
Middle East and Africa
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