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Veterinary Electrosurgery Market Size, Historical Growth, Analysis, Opportunities And Forecast To 2027
The global veterinary electro surgery market is anticipated to expand at a substantial CAGR during forecast period, between 2020 and 2027. Rise in the demand for pet insurance and increase in the adoption of companion animals are driving the demand for veterinary electro surgeries.
Veterinary electrosurgical instruments use high frequency electric currents while performingthe surgery. These instruments are used for cutting the tissues and controlling the bleeding by causing coagulation at the surgical site.
Market Trends, Drivers, Restraints and Opportunities
• Increasing number of surgeries on pets has led to the rise in the demand for veterinary electrosurgery.
• Rising adoption of technologically advanced products for surgeries drives the demand for veterinary electrosurgery instruments.
• Increasing incidences of periodontal problems in pets and demand for better treatment options are driving the demand for veterinary electrosurgery instruments.
• Rising prevalence of infectious diseases in companion animals is expected to drive the demand for veterinary electrosurgery ...
... instruments.
• High costs of instruments are expected to hamper the adoption of the veterinary electrosurgery instruments.
Scope of the Report
The report on the global veterinary electrosurgerymarket includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Veterinary electrosurgery Market Segment Insights:
The bipolar electrosurgery instruments segment to hold a significant market share
In the terms of products, the veterinary electro surgery market can be segmented into bipolar electrosurgery instruments, monopolar electro surgery instruments, and consumables & accessories. The bipolar electrosurgery instruments segment is projected to grow at a significant pace during the forecast period due to wide adoption of bipolar instruments in animal surgeries.
Large animals segment held substantial share of the market in 2019
Based on animal types, the market can be fragmented into small animals and large animals. The large animals segment holds a significant share of the market and is projected to expand at a rapid pace during the forecast period. Rise in the adoption of companion animals and increasing awareness among the consumers regarding health of pets is anticipated to drive the demand for veterinary electrosurgery instruments. Moreover, rising demand for animal health insurance, increasing adoption of companion animals, and growing number of government initiatives to prevent zoonotic diseases, and product innovation are anticipated to drive the growth of the market for veterinary electrosurgical instruments.
Dental surgery segment to grow during the forecast period
On the basis of applications, the market can be segregated into general surgery, gynaecological &urological surgery, dental surgery, ophthalmic surgery, orthopaedic surgery, and other applications. The growth of the dental surgery segment is attributed to the increasing incidences of periodontal diseases that use veterinary electrosurgery devices for dental procedures.
Veterinary hospitals segment to grow at a rapid pace
On the basis of end-users, the veterinary electrosurgery market can be fragmented into veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment is expected to hold a significant share of the market during the forecast period. The adoption of veterinary electrosurgical instruments is high in veterinary hospitals owing to the high purchasing power of pet owners and high number of surgeries being performed in hospitals.
North America dominates the global market
In terms of regions, the global veterinary electrosurgery market can be categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounts for a considerable share of the global market. The US is expected to constitute a significant share of the market, owing to increase in veterinary healthcare expenditure and growing number of veterinary practices in the country.
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