Veterinary Electrosurgery Market Size, Share & Trends Report

Veterinary Electrosurgery Market Size, Share & Trends Analysis Report By Product, By Application, By Animal Type, By End User, By Region, And Segment Forecasts, 2020 To 2027

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The global veterinary electrosurgery market is anticipated to witness significant growth over the forecast period of 2020-2027, owing to increasing demand for pet health insurance, number of veterinary practitioners in the developed economies, and rise in the adoption of companion animals. According to a data published by the American Veterinary Medical Association (AVMA), the total number of veterinarians in the US was 113,394 as of 2018. Furthermore, rising awareness regarding treatment options for animals is also expected to contribute to the market growth.

Based on the products of veterinary electrosurgery, the market is segmented into monopolar electrosurgical instruments, bipolar electrosurgical instruments, and consumables & accessories. Rising R&D investment by market players to launch technologically advanced devices is estimated to garner the largest market share.

On the basis of application, the veterinary electrosurgery market is sub segmented into general surgery, orthopedic surgery, urological surgery, ophthalmic surgery, dental surgery, and others. Increasing prevalence of chronic diseases in animals and rising number of surgeries performed on animals is driving the market growth. As per the Australian & American Veterinary Dental Society in 2017, approximately 70% of the cats and 80% of the dogs are likely to develop gum diseases at the age of 3 years.

Based on the animal type, the market is classified small animals and large animals. Rising awareness among the government organizations responsible for animal healthcare, rising ownership, especially for small animals and the growing demand for high quality animal healthcare is anticipated to drive the market growth. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), 6.5 million companion animals are admitted in the animal shelters of the U.S., each year.

Based upon the end user, the veterinary electrosurgery market is divided into veterinary clinics, veterinary hospitals, and others. Growing number of specialty veterinary hospitals as well as clinics is anticipated to drive the market growth.

North America held the dominant regional share owing to the rising adoption of companion animals, growing veterinary healthcare expenditure, and increasing number of veterinary practices. According to a data published by the AVMA, a total of 73,373 private practices were registered in the U.S. in 2018. However, Asia Pacific is likely to experience significant growth over the forecast period due to growing awareness regarding animal welfare and increasing pet population in the region. As per the statistics published by the Waldenwood Group Pty Ltd, the dog population of India was 10,200,000 in 2016.

The major veterinary electrosurgery market players include Symmetry Surgical Inc., Covetrus Inc., Medtronic, DRE Veterinary, Summit Hill Laboratories, Integra Lifesciences Corporation, KeeboVet Veterinary, Burtons Medical Equipment Ltd, Eickemeyer Veterinary Equipment Inc., and macan Manufacturing, among others. These players are involved in new product launch, agreements, and collaborations. 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.

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