The global Veterinary Electrosurgery Market in terms of revenue was estimated to be worth $85 million in 2023 and is poised to reach $120 million by 2028, growing at a CAGR of 7.3% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The market is driven by the demand for precise, minimally invasive surgeries in animals. Advancements in electrosurgical technology, including AI integration and improved safety features, contribute to its growth. The pet population growth and specialized veterinary care also boost market expansion.
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Veterinary Electrosurgery Market Key Players
Prominent companies in this market include 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).
The bipolar electrosurgical instruments segment of the veterinary electrosurgery industry accounted for the largest share.
Driving factors in the bipolar veterinary-electrosurgery market and technology include the demand for precise and minimally invasive animal surgeries. Technological advancements, including AI integration and enhanced safety features, fuel market growth. Additionally, the expansion of pet ownership and livestock farming in emerging markets has driven the need for advanced surgical tools that provide superior hemostasis and tissue sealing capabilities. As a result, the market is witnessing a shift towards bipolar instruments, reflecting their efficiency and effectiveness in addressing the evolving needs of the industry.
The veterinary clinics segment accounted for the largest share in the veterinary electrosurgery industry.
Veterinary clinics are witnessing a surge in demand for electrosurgery due to several key trends and drivers. The growing awareness about the benefits of minimally invasive procedures in animal healthcare has fueled the adoption of electrosurgery devices in veterinary clinics. These devices offer precise incisions, reduced blood loss, and faster recovery times, aligning with the increasing emphasis on animal welfare. Moreover, advancements in technology have led to the development of user-friendly and versatile electrosurgery equipment, making them accessible and easy to use for veterinarians. Additionally, the rising prevalence of various animal health disorders and the need for efficient surgical solutions further propel the dominance of electrosurgery in the veterinary market.
Small animals segment accounted for the largest share and are expected to grow at the highest rate in the veterinary electrosurgery industry.
The veterinary electrosurgery market is experiencing a growing dominance in the realm of small animals due to several key trends and drivers. First, the increasing pet ownership rates worldwide have led to a higher demand for advanced surgical procedures, pushing the need for precise and minimally invasive techniques offered by electrosurgery. Additionally, advancements in technology have made electrosurgery more accessible and user-friendly, further fueling its adoption among veterinarians specializing in small animal care. Moreover, the rising awareness of the importance of pet healthcare and the willingness of pet owners to invest in their pets' well-being are driving the growth of the small animal segment in the market.
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North America is expected to account for the largest share of the veterinary electrosurgery industry.
The veterinary electrosurgery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa. In 2022, the North American region accounted for the largest share of the market. Government initiative to boost the adoption of advanced technology like veterinary electrosurgery, increased healthcare expenditure, and rise in animal healthcare research, is expected to boost the market in this region. Additionally, North America's strong research and development capabilities foster innovation in the sector.
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