Rising demand for pet health insurance, growth in the number of veterinary practitioners, and growth in the companion animal population are driving the market for veterinary electrosurgical instruments. Untapped emerging markets also present significant growth opportunities for veterinary electrosurgery market players.
[146 Pages Report] The veterinary electrosurgery market is projected to reach USD 85 million by 2024 from USD 56 million in 2019, at a CAGR of 8.5%.
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The bipolar electrosurgical instruments segment accounted for the largest share of the veterinary electrosurgical instruments market in 2018
On the basis of product, the market is segmented into bipolar electrosurgery instruments, monopolar electrosurgery instruments, and consumables accessories. The bipolar electrosurgical instruments segment accounted for the largest market share in 2018, due to the high sales price of bipolar electrosurgery instruments as compared to monopolar electrosurgical instruments and the wide adoption of bipolar instruments in animal surgeries.
Veterinary hospitals are the largest end users of the veterinary electrosurgical instruments market
On the basis of end user, the veterinary electrosurgery market is segmented into veterinary hospitals, veterinary clinics, and other end users. The veterinary hospitals segment accounted for the largest share of the market in 2018. The adoption of veterinary electrosurgical instruments is higher in veterinary hospitals owing to the higher purchasing power and the higher volume of surgeries performed in these hospitals.
General surgery forms the largest application segment of the veterinary electrosurgical instruments market
On the basis of application, the market has been segmented into general surgery, gynecological urological surgery, dental surgery, orthopedic surgery, ophthalmic surgery, and other applications. The general surgery segment accounted for the largest share of the market in 2018. This can be attributed to the large volume of general surgeries, such as soft-tissue surgeries and sterilization procedures, performed in small as well as large animals.
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Market Players
The prominent players in the veterinary electrosurgery market are Symmetry Surgical Inc. (US), Covetrus Inc. (US), Medtronic plc (Ireland), DRE Veterinary (US), B.Braun Melsungen AG (Germany), Eickemeyer Veterinary Equipment Inc. (Germany), Summit Hill Laboratories (US), Kwanza Veterinary (India), Burtons Medical Equipment Ltd (UK), Integra Lifesciences Corporation (US), LED SpA (Italy), KeeboVet Veterinary (US), Macan Manufatcuring (US), Special Medical Technology Co., Ltd. (Czech Republic), Special Medical Technology Co., Ltd. (Europe), ALSA apparecchi medicali s.r.l. (Italy), and Braun Company Ltd. (UK).
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