Dublin, April 18, 2019 (GLOBE NEWSWIRE) -- The "Global Veterinary Surgical Sutures Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global veterinary surgical sutures market was valued at USD 232 million in 2017, and is expected to reach USD 418.6 million by 2026, expanding at a CAGR of 6.7% from 2018 to 2026.
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.
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.
Topics Covered
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
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 %)
Chapter 3. Global Veterinary Surgical Sutures Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape
Chapter 4. Global Veterinary Surgical Sutures Market, by Type of Suture, 2016-2026 (US$ Mn)
4.1. Overview
4.2. Absorbable Surgical Suture
4.3. Non-absorbable Surgical Suture
Chapter 5. Global Veterinary Surgical Sutures Market, by End-Users, 2016-2026 (US$ Mn)
5.1. Overview
5.2. Hospitals
5.3. Clinics
Chapter 6. Global Veterinary Surgical Sutures Market, by Geography, 2016-2026 (US$ Mn)
6.1. Overview
6.2. North America Veterinary Surgical Sutures Market Analysis, 2016-2026
6.3. Europe Veterinary Surgical Sutures Market Analysis, 2016-2026
6.4. Asia Pacific Veterinary Surgical Sutures Market Analysis, 2016-2026
6.5. Latin America Veterinary Surgical Sutures Market Analysis, 2016-2026
6.6. Middle East & Africa (MEA) Veterinary Surgical Sutures Market Analysis, 2016-2026
Chapter 7. Company Profiles
7.1. Medtronic PLC
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
For more information about this report visit https://www.researchandmarkets.com/r/v481rg