According to the latest report
published by Credence Research, Inc. “Veterinary
Surgical Sutures Market By Type Of Suture (Absorbable Surgical
Suture, Non-absorbable Surgical Suture), By End-Users (Hospitals, Clinics) -
Growth, Future Prospects, And Competitive Landscape, 2018-2026,” the global
veterinary surgical sutures market was valued at USD 232.0 Mn in 2017, and is
expected to reach USD 418.6 Mn by 2026, expanding at a CAGR of 6.7% from 2018
to 2026.
Browse the full report Veterinary
Surgical Sutures Market - Growth, Future Prospects and Competitive
Analysis, 2018-2026 report at https://www.credenceresearch.com/report/veterinary-surgical-sutures-market
Market Insights
Veterinary sutures are one of the most
preferred surgical devices in veterinary surgeries or wound closures. The
companion animals account for almost 50% of the market compared to farm
animals. The reason for this dominance is increasing trend of petting animals
in the young generation, and high awareness related to the health of companion
animals in pet owners. Growing technological developments in animal husbandry
industry have increased the profit margins of business owners due to which
requirement of farm animals is increasing which is further assisting the animal
healthcare market. Enhancement in the field of suture manufacturing process
coupled with availability of wide range of surgical sutures for veterinary
applications identified as the key factors responsible for overall growth of
veterinary surgical sutures market.
Veterinary surgical sutures can be
segmented as absorbable and non-absorbable. Absorbable surgical sutures are
further segmented as monofilament, natural, and braided. Non-absorbable
surgical sutures are sub-segmented as monofilament and braided. Absorbable
surgical sutures accounted for the largest market share in 2017, due to key
market drivers such as highly safe & minimum post-surgery complications are
reported, cost-efficient, and causes minimum wear & tear of targeted area.
Monofilament is currently the most preferred surgical suture as it causes less
damage to skin tissues and reduces the chances of post-surgery infection.
North America was observed as the
largest veterinary surgical sutures market due to high public awareness related
to safe & efficient surgical sutures, minimal invasive veterinary surgeries
promote minimum application of sutures assisting the quick recovery of animals,
and high availability & accessibility of modern healthcare infrastructure.
One of the major reasons indirectly assisting the market growth is rising
number of individuals preferring a pet animal at home and imbibing this culture
& idea in young population. According to the 2017-2018 National Pet
Owners Survey conducted by the American Pet Products Association (APPA)
suggested that, 60% of the U.S. households, or about 85 million families,
own a pet. Thus, supportive health insurance policies for pets also trigger the
veterinary surgical sutures market in the near future.
Market
Competition Assessment:
The growth of veterinary surgical
sutures is gradual and major companies present in this market are investing on
development of cost-efficient & safe veterinary surgical sutures. The key
market players in this market are Medtronic plc, B.Braun, DemeTech, KRUUSE UK
Ltd., Ethicon US, LLC, Teleflex Incorporated, Q-Close (Clinisupplies Ltd.), and
AmerisourceBergen Corporation among others.
Key Market
Movements:
- Rising awareness related to animal care
is assisting the overall veterinary diagnostic & treatment market
- Technological enhancement in veterinary
surgical sutures in terms of the design, physical properties and efforts
to minimize post-surgery side-effects
- Absorbable surgical sutures accounted for
the largest market share in overall veterinary surgical sutures market due
to several advantages over non-absorbable surgical sutures
- North America dominated the overall
veterinary surgical sutures market globally due to recorded highest number
of pet and cattle surgeries.
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Table of Content
Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Chapter 2. Executive Summary
2.1. Global Veterinary Surgical Sutures Market Portraiture
2.2. Global Veterinary Surgical Sutures Market, by Type of Suture, 2017 (US$ Mn)
2.3. Global Veterinary Surgical Sutures Market, by End-User, 2017 (US$ Mn
2.4. Global Veterinary Surgical Sutures Market, by Geography, 2017 Vs 2026 (Value %)
2.1. Global Veterinary Surgical Sutures Market Portraiture
2.2. Global Veterinary Surgical Sutures Market, by Type of Suture, 2017 (US$ Mn)
2.3. Global Veterinary Surgical Sutures Market, by End-User, 2017 (US$ Mn
2.4. Global Veterinary Surgical Sutures Market, by Geography, 2017 Vs 2026 (Value %)
Chapter 3. Global Veterinary Surgical Sutures Market: Market
Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.2.1. Increasing public awareness related to veterinary care associated with pet & farm animals
3.2.2. Supportive pet insurance policies practiced by major veterinary healthcare markets globally
3.3. Challenges
3.3.1. Lack of knowledgeable & skilled veterinarian in developing & developed countries
3.4. Opportunities
3.4.1. Rising pet culture in developing countries and supportive healthcare policies for cattle animals by governments
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape
3.6.1. Competitive Landscape, by Key Players, 2017
3.1. Market Overview
3.2. Drivers
3.2.1. Increasing public awareness related to veterinary care associated with pet & farm animals
3.2.2. Supportive pet insurance policies practiced by major veterinary healthcare markets globally
3.3. Challenges
3.3.1. Lack of knowledgeable & skilled veterinarian in developing & developed countries
3.4. Opportunities
3.4.1. Rising pet culture in developing countries and supportive healthcare policies for cattle animals by governments
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape
3.6.1. Competitive Landscape, by Key Players, 2017
Chapter 4. Global Veterinary Surgical Sutures Market, by Type of
Suture, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Absorbable Surgical Suture
4.2.1. Monofilament
4.2.2. Natural
4.2.3. Braided
4.3. Non-absorbable Surgical Suture
4.3.1. Monofilament
4.3.2. Braided
4.1. Overview
4.2. Absorbable Surgical Suture
4.2.1. Monofilament
4.2.2. Natural
4.2.3. Braided
4.3. Non-absorbable Surgical Suture
4.3.1. Monofilament
4.3.2. Braided
Chapter 5. Global Veterinary Surgical Sutures Market, by
End-Users, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Hospitals
5.3. Clinics
5.1. Overview
5.2. Hospitals
5.3. Clinics
Chapter 6. Global Veterinary Surgical Sutures Market, by
Geography, 2016 – 2026 (US$ Mn)
6.1. North America
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Latin America (LATAM)
6.5. Middle East and Africa (MEA)
Chapter 7. Company Profiles
7.1. Medtronic plc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. B.Braun
7.3. DemeTech
7.4. KRUUSE UK Ltd
7.5. Ethicon US, LLC
7.6. Teleflex Incorporated
7.7. Q-Close (Clinisupplies Ltd.)
7.8. AmerisourceBergen Corporation
7.1. Medtronic plc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. B.Braun
7.3. DemeTech
7.4. KRUUSE UK Ltd
7.5. Ethicon US, LLC
7.6. Teleflex Incorporated
7.7. Q-Close (Clinisupplies Ltd.)
7.8. AmerisourceBergen Corporation
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