Veterinary Electrosurgical Market is projected to reach USD 112 million by 2027 from USD 77 million in 2022, at a CAGR of 7.7%. The growth of the veterinary electrosurgical instruments market is mainly driven by factors such as rising healthcare expenditure for companion animals, high demand for veterinarians, increase in number of veterinary practices, and rising animal adoption. On the other hand, rising pet care costs and high cost of veterinary electrosurgery equipment is limiting the market growth to some extent.

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Browse in-depth TOC on "Veterinary Electrosurgical Market”

224 – Tables

38 – Figures

235 – Pages

Key Player

Major players in the veterinary electrosurgery market are Covetrus, Inc. (US), Medtronic (Ireland), Symmetry Surgical, Inc. (US), B. Braun Vet Care GmbH (Germany), Integra LifeSciences (US), Avante Animal Health (DRE Veterinary) (US), Summit Hill Laboratories (US), Burtons Medical Equipment Limited (UK), Olympus Corporation (Japan), Eickemeyer (Germany), KLS Martin (Germany), Macan Manufacturing (US), XcelLance Medical Technologies Pvt. Ltd. (India), ALSA APPARECCHI MEDICALI SRL (Italy), KENTAMED Ltd. (Europe), Promise Technology Co. Ltd. (China), Shanghai Huifeng Medical Instrument Co. Ltd. (China), Kwanza Veterinary (India), KeeboVet Veterinary Ultrasound Equipment (US), LED SpA (Italy), Special Medical Technology Co. Ltd. (Europe), Beijing Taktvoll Technology Co., Ltd. (China), Nanjing Shouliang Med-Technology Co., Ltd. (China), Alan Electronic Systems Pvt. Ltd. (India), and Deltronix Medical Devices (Brazil).

Driver: Growth in Companion Animal Population

A surge in the overall companion animal population and adoption rate has been witnessed globally. According to several studies, having a companion animal is associated with positive health benefits, such as reduced cardiac arrhythmias, normalization of blood pressure, decreased anxiety, greater psychological stability, and improved well-being. Companion animal ownership has increased significantly due to loneliness and the need for companionship in the COVID-19 pandemic. The increasing pet population is expected to drive the demand for pet care products and increase the daily visits to clinics and services, which, in turn, will support the growth of dependent industries such as veterinary electrosurgery.

The advancing risk of obesity, cardiovascular diseases, neurological diseases, osteoarthritis, and dental diseases in companion animals is another critical factor driving the demand for veterinary electrosurgical instruments worldwide.

Restraint: Rising pet care costs

Pet ownership rates have increased over the last ten years, so have pet care costs. In the last ten years, pet care costs have increased significantly. The high expenditure is mainly due to the availability of advanced monitoring, diagnostic, and therapeutic procedures in veterinary practices, which, though effective, come with high price tags. Advanced products & procedures play a significant role in treatments; however, the cost of materials and equipment used in these procedures is very high.

The rising number of consultations increases the costs of pet care with veterinary specialists, thereby driving the growth of the overall market. Moreover, the lower income in this profession compared to other advanced-degree professions such as dentistry and law pressurizes veterinary professionals to increase their fees. High pet care costs directly impact the number of visits by pet owners to veterinary facilities, thereby restraining the growth of this market.

Opportunity: Untapped Emerging Markets

Companion animal ownership has grown significantly across the globe. This is particularly evident in emerging markets in the Asia Pacific and Latin American countries due to urbanization and an increase in disposable incomes, which have expanded access to animal healthcare and enabled owners to spend more on pet care.

The Asia Pacific, Middle Eastern, and Latin American regions are relatively untapped markets for companies compared to Europe and North America. With the surge in the companion animal population and rising animal health expenditure, emerging APAC and Latin American countries are expected to offer significant growth opportunities for the players in the veterinary electrosurgery market

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North America accounted for the largest share of the veterinary electrosurgical instruments market in 2021

In 2021, North America accounted for the largest share the veterinary electrosurgery market, Market growth in this region is characterized by the increasing demand for companion health services, increasing per capita animal health expenditure, and increasing pet insurance industry.

Report link: Veterinary Electrosurgical Market

TABLE OF CONTENTS:

1 INTRODUCTION (Page No. - 31)

• STUDY OBJECTIVES
• MARKET DEFINITION AND SCOPE
• CURRENCY
• STAKEHOLDERS
• SUMMARY OF CHANGES

• RESEARCH METHODOLOGY (Page No. - 36)
  • RESEARCH DATA
  • MARKET SIZE ESTIMATION
  • MARKET BREAKDOWN & DATA TRIANGULATION
  • MARKET RANKING ANALYSIS
  • STUDY ASSUMPTIONS

• EXECUTIVE SUMMARY (Page No. - 48)

FIGURE 11 VETERINARY ELECTROSURGERY MARKET, BY PRODUCT, 2022 VS. 2027 (USD MILLION)

FIGURE 12 Veterinary Electrosurgical Instruments Market, BY APPLICATION, 2022 VS. 2027 (USD MILLION)

FIGURE 13 Veterinary Electrosurgical Instruments Market, BY ANIMAL TYPE, 2022 VS. 2027 (USD MILLION)

FIGURE 14 VETERINARY ELECTROSURGERY MARKET, BY END USER, 2022 VS. 2027 (USD MILLION)

FIGURE 15 GEOGRAPHICAL SNAPSHOT OF THE VETERINARY ELECTROSURGERY MARKET

• PREMIUM INSIGHTS (Page No. - 52)
  • VETERINARY ELECTROSURGERY INSTRUMENTS MARKET OVERVIEW

FIGURE 16 GROWTH IN THE COMPANION ANIMAL POPULATION AND RISING PET HEALTH EXPENDITURE DRIVE THE MARKET GROWTH

• NORTH AMERICA: VETERINARY ELECTROSURGERY MARKET, BY PRODUCT AND COUNTRY (2021)
• Veterinary Electrosurgical Instruments Market: GEOGRAPHIC GROWTH OPPORTUNITIES

• MARKET OVERVIEW (Page No. - 56)
  • INTRODUCTION
  • MARKET DYNAMICS

TABLE 3 VETERINARY ELECTROSURGERY INSTRUMENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

• INDUSTRY TRENDS
• TECHNOLOGY ANALYSIS

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