Veterinary Forceps Market
Number of pages: 100 | Report Format: PDF | Published date: May 09, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 48.0 million |
|
Revenue Forecast in 2031 |
US$ 71.95 million |
|
CAGR |
4.60% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Type, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global veterinary forceps market was valued at US$ 48.0 million in 2022 and is expected to register a revenue CAGR of 4.60% to reach US$ 71.95 million by 2031.
Veterinary Forceps Market Fundamentals
Veterinary forceps are instruments used in veterinary medicine to grasp, hold, and manipulate tissues or objects during surgical procedures. They come in various shapes and sizes depending on their intended use and are made of high-quality stainless steel to ensure durability and resistance to corrosion. Some common types of veterinary forceps include hemostatic forceps, tissue forceps, dressing forceps, toothed forceps, and alligator forceps.
The research study on the veterinary forceps market overview thoroughly analyzes the market, along with the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion. The research also analyses how the COVID-19 pandemic has affected society.
This report is an important tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide an in-depth veterinary forceps market forecast to the industry stakeholders.
[75675]
Veterinary Forceps Market Dynamics
The growing trend of pet ownership is driving the demand for veterinary services and equipment, including forceps. As more people adopt pets, higher demand for veterinary care and medical procedures drives the market for veterinary forceps. Developing new and advanced veterinary forceps with improved designs and materials drives the market. Additionally, the use of advanced materials such as titanium and carbon fiber in forceps and innovations in the design of forceps are improving their durability, functionality, and ease of use. The rise in veterinary clinics and hospitals also drives the demand for veterinary forceps. As more veterinary practices are established, the demand for surgical instruments such as forceps also increases. Besides, the growing awareness and focus on animal welfare drive the demand for high-quality and specialized veterinary equipment, including forceps. As animal welfare becomes a top priority, there is a higher demand for veterinary instruments that are safe and effective for use on animals.
Advanced veterinary forceps made with new and innovative materials such as titanium and carbon fiber can be expensive, limiting their adoption by some veterinary practices, especially in underdeveloped countries. This can restrain market growth and limit the availability of these advanced products. In some regions, there may be limited access to veterinary services, which can limit the demand for veterinary forceps. This can be due to a shortage of veterinarians, infrastructure, or limited financial resources. A range of alternative veterinary equipment can be used in place of forceps, such as scissors or clamps. This can create competition for forceps and limit their adoption by some veterinary practices. The veterinary forceps market is subject to strict regulatory requirements that can increase the cost and time required for product development and approval. This can limit the number of new products that enter the market and slow down-market growth. The use of veterinary forceps carries the risk of animal and veterinarian injury. This can lead to safety concerns and may limit the adoption of forceps by some veterinary practices.
Veterinary Forceps Market Ecosystem
Veterinary Forceps Market, by Type
Veterinary Forceps Market, by End User
Veterinary Forceps Market by Type
[96766]
The hemostatic forceps segment accounts for a prominent revenue share in the global market. Hemostatic forceps are versatile instruments that can be used in a wide range of surgical procedures to control bleeding. They are used in procedures such as spays, neuters, and tumor removal. This versatility has helped to drive the adoption of hemostatic forceps in the veterinary market. Bleeding complications are common in veterinary surgery, particularly in complex procedures. Hemostatic forceps help to reduce the risk of bleeding complications. The hemostatic forceps segment has seen the development of advanced products, such as titanium and carbon fiber forceps, which offer improved durability, functionality, and ease of use. There is a growing focus on animal welfare in the veterinary industry, which has driven the adoption of surgical instruments that are safe and effective for use on animals.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as type, end user, and region. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential veterinary forceps market growth opportunities.
Veterinary Forceps Market by Region
The global veterinary foreceps market has been segmented based on region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America has many pet owners, which drives the demand for veterinary services and equipment such as forceps. The region's high pet ownership rate is due to increasing disposable income, changing lifestyles, and a growing awareness of the benefits of pet ownership. The veterinary infrastructure in North America is well-developed, with many veterinary clinics and hospitals. This provides a ready market for veterinary forceps and other equipment. North America is home to some of the world's leading veterinary equipment manufacturers, constantly developing new and innovative products. This has helped to drive the adoption of advanced veterinary forceps in the region. The regulatory environment for veterinary equipment in North America is relatively favorable, encouraging the development and adoption of new products. This has helped to drive the growth of the veterinary forceps market in the region. North America has a strong and stable economy, which has provided a favorable environment for the growth of the veterinary forceps market. The region's strong economic growth has helped to increase pet ownership rates and drive demand for veterinary services and equipment.
Based on the regions, the global veterinary forceps market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding veterinary forceps market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Competitive Landscape
The prominent players operating in the veterinary forceps market are:
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
Veterinary forceps are instruments used in veterinary medicine to grasp, hold, and manipulate tissues or objects during surgical procedures.
North America accounts for the largest revenue share in the global veterinary forceps market.
The global veterinary forceps market is estimated to grow at a revenue CAGR of 4.6% from 2023 to 2031.
Increasing demand for pet ownership is a prominent trend in global veterinary forceps.
A growing focus on animal welfare is a major opportunity in the global veterinary forceps market.
The high cost of advanced veterinary forceps and competition from alternative veterinary equipment are the major restraining factors hamper overall market growth.
Orthomed Ltd., Sklar Surgical Instruments, MAI Animal Health, and other notable players are some of the major market players in the global veterinary forceps market.
Hemostatic forceps segment accounts for the highest revenue share in the global market
Europe accounts for the second-largest veterinary forceps market size during the forecast period from 2023 to 2031
*Insights on financial performance are subject to the availability of information in the public domain