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.
Market Dynamics
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.
Segments Overview
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.
By Product
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.
By Application
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.
By End User
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.
By Region
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.
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 | USD 866.3 million |
 Growth Rate | CAGR of 6.4% |
 Forecast period | 2021 - 2031 |
 Report Pages | 356 |
 By Product |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | Eickemeyer, Integra Lifesciences, Olympus Corporation, Deltronix Medical Device, ByRL Medical India Pvt, Ltd, B.Braun Melsungen AG, Burtons Medical Equipment Ltd., Symmetry Surgical, Avante Animal Health, Medtronic plc, KLS Martin, Kwanza Veterinary |
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.
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
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