Veterinary Electrosurgery Market Segmentation & Competitive Landscape Report to 2030

Veterinary Electrosurgery Industry 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.

Gather more insights about the market drivers, restrains and growth of the Global Veterinary Electrosurgery Market

U.S. veterinary electrosurgery market size, by product, 2020 - 2030 (USD Million)

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.

Browse through Grand View Research's Animal Health Industry Research Reports.

  • Veterinary Point Of Care Diagnostics Market - The global veterinary point of care diagnostics market was valued at USD 1.74 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2023 to 2030.
  • Veterinary Medicine Market - The global veterinary medicine market size was estimated at USD 44.59 billion in 2022 and is expected to expand at a lucrative compound annual growth rate (CAGR) of 8.2% over the forecast period.

 Market Share Insights

  • January 2019: For strengthening its geographic presence by selling its electrosurgical instruments through Avante’s distribution network.
  • August 2018: Symmetry Surgical Inc. acquired Bovie Medical to improve its portfolio of veterinary electrosurgical instruments.

Key Companies profiled:

Some prominent players in the global veterinary electrosurgery market include

  • Symmetry Surgical Inc.
  • KARL STORZ
  • DRE Veterinary
  • Braun Melsungen AG
  • Medtronic
  • Summit Hill Laboratories
  • Kwanza Veterinary
  • Burtons Medical Equipment Ltd.
  • EICKEMEYER
  • Macan Manufacturing

Order a free sample PDF of the Veterinary Electrosurgery Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more