Veterinary Electrosurgery Market by Product (Bipolar, Monopolar, Consumables), Application (General, Gynecology, Dental, Orthopedic, Ophthalmic), Animals, End User (Vet. Hospital, Clinic), Key Stakeholder & Buying Criteria, Unmet Need - Forecast to 2028

Veterinary Electrosurgery Market by Product (Bipolar, Monopolar, Consumables), Application (General, Gynecology, Dental, Orthopedic, Ophthalmic), Animals, End User (Vet. Hospital, Clinic), Key Stakeholder & Buying Criteria, Unmet Need - Forecast to 2028

The veterinary electrosurgery market is valued at an estimated USD 85 million in 2023 and is projected to reach USD 120 million by 2028, at a CAGR of 7.3% during the forecast period. The veterinary electrosurgery market is propelled by the increasing need for precision in animal surgeries. Advanced electrosurgical technology allows veterinarians to perform procedures with reduced tissue damage and enhanced coagulation, resulting in quicker recoveries and lower complication rates. The growing pet population, coupled with a surge in specialized veterinary care, drives the market. Additionally, technological advancements such as AI integration, safety enhancements, and specialized instrument development are key drivers, ensuring electrosurgery's prominence in veterinary medicine for delivering superior surgical outcomes.

“The bipolar instruments segment is projected to witness the highest growth in the veterinary electrosurgerymarket, by products, during the forecast period.”

The veterinary electrosurgery market can be broadly classified into monopolar instruments, bipolar instruments, and consumables & accessories, depending on the product. The veterinary electrosurgery market by product was dominated by the bipolar instruments segment in 2022. The bipolar veterinary electrosurgery market thrives due to demand for precise, localized tissue control in animal surgeries. Technology advancements, including AI integration and improved safety features, drive its growth, ensuring safer and more efficient surgical procedures in veterinary medicine.

“The small animals segment, by product type, has the highest rate during the forecast period.”

Small animals and large animals make up the veterinary electrosurgery market by animal type. In 2022, the market for veterinary electrosurgery was dominated by the small animals category. The growing pet population, coupled with technological advancements like AI integration and safety enhancements, drives the adoption of electrosurgery for better outcomes in small animal surgeries.

“Asia Pacific market to witness the highest growth during the forecast period.”

During the forecast period, APAC is anticipated to grow at the fastest rate. The major factors promoting the growth of the veterinary electrosurgery market in this region are the growing number of animal population, rising per capita income, growing investments in the animal healthcare industry by key players, increasing demands for advanced technologies, and expansion of private sector veterinary hospitals in various countries in the Asia Pacific.

A breakdown of the primary participants (supply-side) for the veterinary electrosurgery market referred to for this report is provided below:

By Company Type: Tier 1: 42%, Tier 2: 35%, and Tier 3: 23%

By Designation: C-level Executives: 28%, Directors: 35%, and Others: 37%

By Region: North America: 33%, Europe: 24%, Asia Pacific: 18%, Latin America: 10%; Middle East: 10%; Africa: 5%

The prominent players operating in the veterinary electrosurgery market are Medtronic (Ireland), B. Braun (Germany), Integra LifeSciences (US), Olympus Corporation (Japan), Covetrus, Inc. (US), Symmetry Surgical, Inc. (US), Avante Animal Health (DRE Veterinary) (US), Summit Hill Laboratories (US), Burtons Medical Equipment Limited (UK), Eickemeyer (Germany), KLS Martin (Germany), Macan Manufacturing (US), XcelLance Medical Technologies Pvt. Ltd. (India), Alsa Apparecchi Medicali SRL (Italy), and Kentamed Ltd. (Europe).

Research Coverage:

The market study covers the veterinary electrosurgery market across various segments. It aims at estimating the market size and the growth potential of this market across different segments by product, application, animal type, end-user, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall veterinary electrosurgery market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

This report provides insights into the following pointers:

Analysis of key drivers (Rising demand for pet health insurance and increasing animal health expenditure, Rising number of veterinary practitioners in developed economies, Growth in the companion animal population), restraints (Rising pet care costs, High cost of veterinary electrosurgery equipment), opportunities (Untapped emerging markets) and challenges (Low animal health awareness in emerging markets, Shortage of veterinary practitioners in developing economies) influencing the growth of the veterinary electrosurgery market

Market Penetration: Comprehensive information on product portfolios offered by the top players in the global veterinary electrosurgery market. The report analyzes this market by product, application, animal type, end user, and region.

Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global veterinary electrosurgery market.

Market Development: Comprehensive information on the lucrative emerging markets by product, application, animal type, end user, and region.

Market Diversification: Exhaustive information about new products and services, growing geographies, recent developments, and investments in the global veterinary electrosurgery market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, product and service offerings, and capabilities of leading players in the global veterinary electrosurgery market.