Veterinary Electrosurgery Market Thumbnail Image

2022

Veterinary Electrosurgery Market

Veterinary Electrosurgery Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables and Accessories), by Application (General Surgery, Gynecological and Urological Surgery, Dental Surgery, Ophthalmic Surgery, Orthopedic Surgery, Others), by End User (Veterinary Hospitals, Veterinary Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Select an option
Author's: Vikita Thakur | Roshan Deshmukh
Publish Date:

Get Sample to Email

Veterinary Electrosurgery Market Research, 2031

The global Veterinary Electrosurgery Market size was valued at $463.6 million in 2021 and is projected to reach $866.3 million by 2031, growing at a CAGR of 6.4% from 2022 to 2031. Veterinary electrosurgical devices are used for surgical cutting or controlling bleeding by causing coagulation at the surgical site. Electrosurgery devices such as electrodes, probes, coagulators, and other devices use high-frequency alternating currents to perform their respective functions. There are two types of electrosurgery devices that are used: electrocautery and high-frequency electrosurgery. Electrosurgery instruments are available in two forms: monopolar and bipolar. There are two main types of electrosurgery. Monopolar electrosurgery is used to cut through tissue and to cauterize blood vessels. It has various different requirements for proper function. Electricity comes from the electro-surgical generator (ESG). An active electrode is then put through the patient's body. A large sheet of metal is placed under the dog as a grounding plate to collect and return the energy to the ESG. Bipolar electrosurgery is basically the same except instead of a grounding plate, one end of a tool such as scissors or forceps is the return electrode. Electrosurgery is an effective treatment option for animals with tumors. Electrosurgery has been commonly used in surgical procedures for over 60 years, and it is used in over 80% of all human surgical procedures in almost all surgical specialties. It is estimated that electrosurgery energy devices are used in over 41 million procedures per year.

Veterinary Electrosurgery Market

The key factors that drive the growth of the market are increasing surgical procedures on pets such as dental surgeries, cataract surgeries, spaying, hip dysplasia, and wound repair. For instance, according to a report published by the World Health Organization, it is found that around 2.0 million surgical methods are used on animals every year to protect them from diseases. Moreover, an increasing number of skilled practitioners who are enabled to perform these surgeries and have expertise related to these devices boosts the growth of the market.

Furthermore, a rise in technological advancements in the instruments, a rise in the demand for animal health insurance, and an increase in the number of adoptions of animals are the key factos that contributing to the growth of  Veterinary Electrosurgery Market size in forecast period. Many government initiatives are conducted to reduce disease prevalence among animals, which leads to the growth of the market. The launch of advanced products for the treatment of animals with minimal side effects will drive the market's growth. However, the dearth of skilled professionals and high pet care costs hamper the market's growth. Conversely, the emerging healthcare market in developing countries is expected to provide the Veterinary Electrosurgery Market opportunity during the forecast period.

 In addition, the market is segmented on the basis of product, application, end-user, and region. By product, the market is segmented into bipolar electrosurgery instruments, monopolar electrosurgery instruments, and consumables and accessories. By application, the market is segmented into general surgery, gynecological and urological surgery, dental surgery, ophthalmic surgery, orthopedic surgery, and other. By end user the market is segmented into veterinary hospitals, veterinary clinics and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Product Segment review

By Product, the veterinary electrosurgery market is segmented into bipolar electrosurgery instruments, monopolar electrosurgery instruments, and consumables and accessories. In 2021, the bipolar electrosurgery segment accounted for the largest share of the market. The dominance of this segment can be attributed to the rise in the prevalence of skin cancer in animals and other related disorders and the increase in adoption of companion animals increases the demand of bipolar electrosurgery instruments such as electrosurgery pencils, laparoscopy tools, and forceps.

The monopolar electrosurgery instruments segment is anticipated to grow at a significant rate during the forecast period. Owing to the number of companion animals and their adoption rate have increased significantly over the world.  The COVID-19 pandemic also plays an important role in the increase in the number of companion animal adoption due to loneliness and the need for company during the pandemic.

Veterinary Electrosurgery Market by Product

Application Segment Review

By application, the Veterinary Electrosurgery Industry is segmented into general surgery, gynecological and urological surgery, dental surgery, ophthalmic surgery, orthopedic surgery, and others, the general surgery segment exhibited the highest growth in 2021, and is anticipated to lead during the forecast period, owing to the increase in demand for soft tissue surgical procedures are the key factors that drive the Veterinary Electrosurgery Market growth during the forecast period.

The gynecological and urological segment is anticipated to grow at a significant rate during the forecast period. owing to the increase in the number of gynecological and urological procedures conducted by veterinary practitioners due to rise in the prevalence of the disease.

Veterinary Electrosurgery Market by Application

End User Segment Review

By end user, the veterinary electrosurgery market is segmented into veterinary hospitals, veterinary clinics, and others, the veterinary hospital's segment exhibited the highest growth in 2021, and is anticipated to lead during the forecast period, owing to the rise in awareness among pet owners regarding animal healthcare and the increase in the number of veterinary hospitals visited by pet owners due to the rise in the prevalence of skin cancer and other various diseases among companion animals are the key factors that drive the growth of the market.

The veterinary clinic segment is expected to witness considerable market growth during the forecast period, owing to the increasing humanization of pets, as an increasing number of pet owners are accepting pets as family members and a rise in the prevalence of animal diseases that require a surgical procedure for treatment.

Veterinary Electrosurgery Market by End User

Region Segment Review

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a majority of the veterinary electrosurgery market share in 2021 and is anticipated to remain dominant during the forecast period. Owing to the increase in the healthcare expenditure on animals in this region and the presence of major players in the country for the development of technologically advanced electrosurgical devices and the strategies they adopt.

Asia-Pacific was the second largest contributor to the veterinary electrosurgery market in 2021 and is expected to register the fastest CAGR during the forecast period, owing to a rise in the prevalence of animal-related diseases and an increase in the number of companion animal pet adoption and an emerging economy.

Veterinary Electrosurgery Market by Region

The key players that operate in the veterinary electrosurgery market are Avante animal health, B.Braun Vet Care GmbH, Burtons Medical Equipment Ltd., ByRL Medical India Pvt. Ltd., Deltronix Medical Device, Integra Lifesciences, Kwanaza Veterinary, Medtronic PLC, Olympus Corporation, Symmetry Surgical, KLS Martin and Eickemeyer GmbH

 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the veterinary electrosurgery market analysis from 2021 to 2031 to identify the prevailing veterinary electrosurgery market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the veterinary electrosurgery market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global veterinary electrosurgery market trends, key players, market segments, application areas, and market growth strategies.

Veterinary Electrosurgery Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 866.3 million

Growth Rate
Growth Rate

CAGR of 6.4%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

356

Veterinary Electrosurgery Market By Product
By Product
  • Bipolar Electrosurgery Instruments
    • Type
      • Bipolar Electrosurgical Pencils
      • Bipolar Laparoscopy Instrument
      • Bipolar Forceps
      • Others
  • Monopolar Electrosurgery Instruments
    • Type
      • Monopolar Electrosurgical Pencils
      • Monopolar laparoscopy Instrument
      • Monopolar Forceps
      • Others
  • Consumables and Accessories
Veterinary Electrosurgery Market By Application
By Application
  • General Surgery
  • Gynecological and Urological Surgery
  • Dental Surgery
  • Ophthalmic Surgery
  • Orthopedic Surgery
  • Others
Veterinary Electrosurgery Market By End User
By End User
  • Veterinary Hospitals
  • Veterinary Clinics
  • Others
Veterinary Electrosurgery Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest Of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest Of LAMEA)
Key Market Players
Key Market Players

Symmetry Surgical, ByRL Medical India Pvt, Ltd, Deltronix Medical Device, Kwanza Veterinary, KLS Martin, Burtons Medical Equipment Ltd., Integra Lifesciences, Avante Animal Health, Olympus Corporation, B.Braun Melsungen AG, Medtronic plc, Eickemeyer

Analyst Review

This section provides various opinions of top-level CXOs on the veterinary electrosurgery market. In accordance to several interviews conducted, the veterinary electrosurgery market is expected to witness a significant growth in the future, owing to increase in demand for pet health insurance, rise in awareness regarding treatment options for animals, and surge in number of pet adoption.

According to the perspectives of CXOs, veterinary electrosurgery market is expected to witness a steady growth in the future. Rise in number of pet adoption in the developed countries, the increase in prevalence of health-related diseases in animals, and the growth in healthcare expenditures are the key factors that drive the growth of the market. In addition, rise in technological advancement and increase in number of key players who develop technological advanced electrosurgery device propel the growth of the market. However, high cost of devices and lack of awareness are expected to hamper the growth of the market up to some extent during the forecast period.

On the contrary, growth in demand for such medical devices and rise in economies of the developing countries such as India and China are expected to provide lucrative opportunities for the growth of the veterinary electrosurgery market in future.

Further, North America is expected to witness highest growth, in terms of revenue, owing to advanced healthcare facilities provided by government & private authorities and surge in R&D facilities for the approval and development of novel medical devices in the region are the factors that propel the growth of the market.

Asia-Pacific was the second largest contributor to the market in 2021, and is expected to register the fastest CAGR during the forecast period, owing to rise in number of pet adoption in emerging countries such as China, India, & Japan and the surge in the prevalence of animal disease such as skin cancer.

Author Name(s) : Vikita Thakur | Roshan Deshmukh
Frequently Asked Questions?

The upcoming trends are increasing surgical procedures on pets such as dental surgeries, cataract surgeries, spaying, hip dysplasia, and wound repair

The market value of the Veterinary Electrosurgery market in 2021 was $463.6 Million

North America is the largest regional market for Veterinary Electrosurgery

The total market value of the Veterinary Electrosurgery market is $ 866.3 million in 2031

Avante animal health, B.Braun Vet Care GmbH, Burtons Medical Equipment Ltd., ByRL Medical India Pvt are the top companies to hold the market share in Veterinary Electrosurgery

The base year for the report is 2021

Yes, companies are profiled in the veterinary Electrosurgery market the report

No, value chain analysis is provided in the Veterinary Electrosurgery market report

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Veterinary Electrosurgery Market

Global Opportunity Analysis and Industry Forecast, 2021-2031