Veterinary electrosurgery is the application of a radio frequency with alternating polarity of electric current to coagulate, or cut the biological tissue. Veterinaryelectrosurgical devices are used to make precise cuts and further controlling blood loss by coagulationat the surgical site during procedures. There are two type electrosurgeries: electrocautery and high frequency electrosurgery. Electrosurgery instruments are available in two forms: monopolar and bipolar. The electrosurgical methodincludes,the tissue should be heated by electric current or a probe is used, which is heated for electrocautery.

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 being used in over 41 million procedures per year.

Market scope and structure analysis:

COVID-19 scenario analysis:

The coronavirus pandemic is having a huge impact on businesses and has already caused an unprecedented collapse of economic activities. The COVID-19 impact is straining the healthcare systems globally. The rapidly increasing demand for healthcare facilities and healthcare workers may leave only a few healthcare systems to fulfill the increasing demand during the pandemic situation.

The COVID-19 pandemic cases are because of direct or indirect contact between humans. There has been no evidence or confirmation that animals can spread COVID-19 to humans. The myth animals can spread the virus to humans has increased the number of abandoned pets. Furthermore, COVID-19 has weakened the supply chain and has created shortage of animal health products such as nutritional feed as well as vaccines globally. The animal health industry has been impacted largely as many manufacturers in animal health industry are left with a significantly reduced workforce. Also, stringent government policies such as restrictions of import of raw materials from China is expected to hamper the animal health market.

Healthcare facilities are stocking up the animal related health products, considering the high demand. This is expected to further create financial strain on the market due to procurement inefficiencies and wasted speeding. Due to the pandemic situation, many hospitals and veterinary clinics are overstocking the products.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Increasing surgical procedureson pets such as dentalsurgeries, cataract surgeries, spaying, hip dysplasia and wound repair, aredriving the growth of the veterinary electrosurgery market. According to a reportpublished by the WHO, it is found that almost 2.0 million surgical methods were used on animals to protect them from diseases. Also, increasing number of skilled practitioners who are enabled to perform these surgeries and have an expertise related to these devices will drive the growth of the market. Furthermore, technological advancements in the instruments is contributing to the growth of the veterinary electrosurgery market.

Rise in the demand for animal health insurance and increase in adoption of animals will drive the market growth. Many government initiatives are conductedto reduce diseaseprevalenceamong animals which lead to growth of veterinary electrosurgery market.Also, launch of advanced productsfor the treatment of animals with minimal side effects will drive the market growth.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global veterinary electrosurgery market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the veterinary electrosurgery market research report:

• Who are the leading market players active in the Veterinary Electrosurgery Market?
• Whatcurrent trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What can be the challenges for Veterinary Electrosurgery Market in future?
• What are the projections for the future that would help in taking further strategic steps?