Veterinary Electrosurgery Market is estimated at US$ 993.41 Mn by 2032

The global Veterinary Electrosurgery Market is predicted to be worth US$ 471.96 million in 2021 and US$ 505 million by 2022. The market is expected to reach US$ 993.41 million by 2032, expanding at a CAGR of 7% from 2022 to 2032.

Furthermore, development in veterinary surgery has always followed in the footsteps of human surgery. Innovative techniques of surgeries to make them less painful is driving the growth of the market.

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In addition, the proliferation of government administrations associated with animal healthcare and even distinct animal healthcare organizations will surge the demand for treatments across developing nations. These organizations focus on animals in sanctuaries and zoos. This, in turn, will boost the market growth.

On the contrary, the time taken for approvals for medication and instruments required for surgeries is derailing the progress of the market. In addition, the constant emergence of newer ailments amongst animals is a continuous challenge faced by the veterinary electrosurgery market.

Key Takeaways from the Market Study

The veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.
By product, consumables and accessories segment is expected to register a CAGR of more than 15% for veterinary electrosurgery market during the forecast period.

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By animal, small animals are expected to possess 65% market share for veterinary electrosurgery market during the forecast period.
By end use, veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.
By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.
U.S is projected to register a CAGR of 8% during the forecast period.
U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.

"Increasing investments in adopting pets along with government initiatives to maintain animal health is driving the growth of veterinary electrosurgery market," comments an FMI analyst.

Competitive Landscape

Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:

In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.
Medtronic, a key player in the veterinary electrosurgery market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.

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Key Segments Covered in the Veterinary Electrosurgery Market

Veterinary Electrosurgery Market by Product:

Bipolar Veterinary Electrosurgery Instruments
Monopolar Veterinary Electrosurgery Instruments
Veterinary Electrosurgery Consumables & Accessories

Veterinary Electrosurgery Market by Animal Type:

Veterinary Electrosurgery for Small Animals
Veterinary Electrosurgery for Large Animals

Veterinary Electrosurgery Market by Application:

General Veterinary Electrosurgery
Dental Veterinary Electrosurgery
Gynecological & Urological Veterinary Electrosurgery
Orthopedic Veterinary Electrosurgery
Other Veterinary Electrosurgery Applications

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Veterinary Electrosurgery Market by End Use:

Veterinary Electrosurgery across Veterinary Hospitals And Clinics
Veterinary Electrosurgery across Other End Users

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.