Veterinary Electrosurgery Market Size, Share & Trends Analysis Report By Product, By Animal Type (Small Animal, Large Animal), By Application, By End Use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global veterinary electrosurgery market size was valued at USD 501.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. The growth in this market is attributed to factors such as increasing demand for pet health insurance, a growing number of veterinary practitioners, and a rise in the companion animal population. In 2020, Trupanion reported that over 800,000 pets were insured under the company’s policies across key markets in the U.S., Canada, and Australia. Veterinary employment is anticipated to grow by 16% from 2019 to 2029. According to data published by the American Veterinary Medical Association (AVMA), the total number of veterinarians in the U.S. was 126,138 as of 2020, an over 4% growth from 2018.

Furthermore, rising awareness regarding treatment options for animals is also expected to contribute to the growth of the market for veterinary electrosurgery. The global outbreak of the COVID-19 pandemic has had an unprecedented impact on veterinarians. From the outset of the COVID-19, the veterinary community rose to meet serious questions and challenges, transforming to serve patients and clients with creativity and commitment. The COVID-19 pandemic has continued to evolve, and conditions have varied considerably across the world. OIE has confirmed that no animals can spread this virus.

However, human-to-animal transmission has been reported in a few countries. During the COVID-19 pandemic, limited operation of veterinary clinics due to stringent lockdown norms consequently resulted in a decline in veterinary visits, thus impacting the market for veterinary electrosurgery. However, the veterinary visits have shown a V-shaped recovery during the 3rd quarter of 2020 due to the resumption of pet clinic visits and ease of norms. According to IDEXX, U.S. clinic visits increased by 6% in Q4 2020 from the last quarter, which is expected to increase the growth of the market for veterinary electrosurgery over the forecast period.

Truly incredible advances have been witnessed in the past few decades with regard to the medical practice of veterinary surgery, resulting in technological advancements in products over the years. For instance, in July 2020, Onemytis 2, a new type of electrosurgical instrument was made available in the U.K. This new unit signifies an important evolution, from analogic to digital device. Onemytis was first launched in 2014 in Italy and is broadly used in Europe mostly for ophthalmology, ENT, dermatology, and for most oncological surgeries. Onemytis has gained significant recognition from veterinary surgeons in Europe during the previous couple of years.

An increase in pet adoption is another factor to propel the growth of the market for veterinary electrosurgery over the forecast period. A lot of individuals in the U.S. got a dog in the COVID-19 pandemic. Nearly 9 million dogs have been acquired by households since the start of the pandemic bringing the total number of dogs in the country to 108 million. Besides, the revolution in veterinary medicine continues to develop by leaps and bounds. Certainly, recent years have seen emerging trends in animal health and clinical advancement, comprising changes in technology.

Veterinary surgery has advanced beyond the conventional, traditional techniques, which focused on scalpels, for a myriad of surgical applications. Latest, energy-based techniques such as electrosurgery have paved the way for faster and more efficient surgical procedures. Electrosurgical Units are becoming more widespread with both routine and sophisticated veterinary procedures. Moreover, Electrosurgical Units are used in over 80% of all surgical procedures, comprising veterinary procedures. Hence, contributes to market growth.

Product Insights

The bipolar electrosurgery instruments segment dominated the market for veterinary electrosurgery and held the largest revenue share of over 43.0% in 2021. Bipolar electrosurgery provides more concentrated energy to a very precise area of tissue. Thus, offers a substantial decrease in the risk of patient burns. Therefore, the advantages related to bipolar electrosurgery make it extensively adopted amongst practitioners while performing surgeries.

The consumables and accessories segment is probable to witness the highest CAGR in the market for veterinary electrosurgery during the forecast period. The growing demand for monopolar and bipolar electrosurgical devices will drive the usage of consumables & accessories. There are numerous small- and large-sized players such as Jorgensen, GVP Pty Ltd., and DLC Vet Pty Ltd. operating in the segment.

Animal Type Insights

The small animals segment dominated the market for veterinary electrosurgery and held the largest revenue share of over 64.0% in 2021. The dominant share captured by small animals is a consequence of increasing pet healthcare spending, specifically in the developed regions. The increasing incidence of obesity, diabetes, cancer and other major diseases where surgery remains a major option is one of the major drivers for the market.

The body size and other anatomic peculiarities of large animals require an extremely specialized product range. Players who cater to such product demand are KARL STORZ, DRE Veterinary, Symmetry Surgical, and others. The usage of electrosurgical techniques in the veterinary practice can upsurge practice efficiency, and decrease procedure times, which in turn reduces the facility cost-to-serve, thus, boosting the adoption of electrosurgery devices.

Application Insights

The general surgery segment dominated the market and held the dominant share of over 25.0% in 2021, owing to the large volume of these types of surgeries, such as soft-tissue surgeries, etc. Early spaying of female cats and dogs can help protect them from some serious health complications later in life, for example, uterine infections and breast cancer.

According to Banfield Pet Hospital’s 2020 report on Veterinary Emerging Topics, pet obesity in the U.S. has become an epidemic. Obesity leads to comorbid conditions, such as osteoarthritis, which often require surgical interventions. The increasing prevalence of chronic diseases in animals and the rising number of surgeries performed on animals are driving the overall segment growth.

End-use Insights

The veterinary hospitals and clinics segment held the largest revenue share of over 82.0% in 2021, owing to the availability of a wide range of treatment options in these facilities. Moreover, the use of advanced instruments for diagnostics purposes in veterinary hospitals has increased, which is adding to the growth in the market’s revenue.

Research institutes are also a big force behind the development and usage of these surgeries. The functions which are governed by the research institutes in relation to the animal diagnosis are deployment, identification, and development of new surgery methods or procedures for research and monitoring purposes of newly emerging or existing diseases in animals.

Regional Insights

North America dominated the market and accounted for the largest market share of over 32.0% in 2021, followed by Europe. There has been substantial growth in veterinary healthcare expenditure in the region, which is likely to accelerate the growth of the market. Furthermore, the existence of healthcare programs and a rise in the number of initiatives to promote animal health are factors anticipated to increase the growth potential in this region.

In Asia Pacific, the market is growing at a faster rate and is expected to grow rapidly during the forecast period. Increased disposable income, rise in middle-class households, and acceptance of pet animals are some of the key factors expected to boost the growth of the veterinary electrosurgery market in the region.

Key Companies & Market Share Insights

The market is fragmented with many big and small industry players. Key players are adopting business strategies including diverse product offerings, business expansion, joint ventures, regional expansion, and new product launches to gain market share. For instance, DRE Veterinary signed an agreement with Avante Health Solutions in January 2019, for strengthening its geographic presence by selling its electrosurgical instruments through Avante’s distribution network. Likewise, For instance, in August 2018, Symmetry Surgical Inc. acquired Bovie Medical to improve its portfolio of veterinary electrosurgical instruments. Some of the prominent players in the veterinary electrosurgery market include:

• Symmetry Surgical Inc.

• KARL STORZ

• DRE Veterinary

• B. Braun Melsungen AG

• Medtronic

• Summit Hill Laboratories

• Kwanza Veterinary

• Burtons Medical Equipment Ltd.

• EICKEMEYER

• Macan Manufacturing

Veterinary Electrosurgery Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global veterinary electrosurgery market report on the basis of product, animal type, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Bipolar Electrosurgery Instruments

  • Monopolar Electrosurgery Instruments

  • Consumables & Accessories

• Animal Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Small Animal

  • Large Animal

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • General Surgery

  • Dental Surgery

  • Gynecological & Urological Surgery

  • Orthopedic Surgery

  • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Veterinary Hospitals And Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

    • Saudi Arabia