DUBLIN, July 25, 2022 /PRNewswire/ — The “global veterinary electrosurgery market by product (bipolar electrosurgery, monopolar electrosurgery, consumables), application (general, dental, orthopedic, ophthalmic), animal (small, large), end user (animal hospitals, clinics), and the Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offer.
The Global Veterinary Electrosurgical Instruments Market is expected to reach: USD 112 million by 2027 from USD 77 million in 2022, with a CAGR of 7.7%. The growth of this market can be largely attributed to the rising demand for pet health insurance, the increasing number of veterinarians in developed economies, improved animal health standards and the availability of advanced electrosurgical instruments.
The bipolar electrosurgical instruments segment accounted for the largest share of the veterinary electrosurgical instruments market in 2021.
On the basis of products, the veterinary electrosurgical market is segmented into bipolar electrosurgical instruments, monopolar electrosurgical instruments, and consumables and accessories. The large share of the bipolar electrosurgical instrument segment is attributed to the high retail price of bipolar electrosurgical instruments compared to monopolar electrosurgical instruments and the wide adoption of bipolar instruments in veterinary surgery.
General surgery accounted for most of the market in 2021.
On the basis of application, the electrosurgery veterinary surgery market is segmented into general surgery, gynecological and urological surgery, dental surgery, ophthalmic surgery, orthopedic surgery and other applications. The large share of the general surgery market segment is largely due to the increasing number of surgical procedures in the veterinary field and increasing expenditure on animal health care.
Small animals have the largest share in the market, by animal species
Based on the animal type, the market is segmented into small animals and large animals. The large share of the small animal segment can be attributed to increasing expenditure on companion animal health and the increasing incidence of age-related diseases in companion animals.
Veterinary clinics have the largest share of the market, per end user
On the basis of end users, the veterinary electrosurgery market is segmented into veterinary hospitals, veterinary clinics and other end users. The high share of veterinary clinics can be attributed to the high demand for veterinarians combined with the increasing number of private veterinary practices and the growing demand for emergency care.
The APAC is witnessing the highest growth during the forecast period.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period of 2022-2027. Increasing pet adoption, increasing awareness about animal health, growing animal health expenditure per capita are some of the key factors expected to drive the growth of the veterinary electrosurgical instrument market in the United States. Asia-Pacific region.
Rising demand for pet health insurance and rising animal health spending
Rising number of veterinarians in developed economies
Growth in the companion animal population
Growth in the companion animal population and rising pet health expenditures are driving market growth
Bipolar electrosurgical instruments accounted for the largest share of the North American market in 2021
China to record the highest growth rate from 2022 to 2027
North America to dominate the market until 2027
Developing markets to register higher growth rates over the forecast period
Main topics covered:
2 Research methodology
4 Premium Insights
5 Market overview
6 Veterinary Electrosurgical Instruments Market Segment by Type:
7 Veterinary Electrosurgical Instruments Market by Application:
8 Veterinary Electrosurgical Instruments Market by Species:
9 Veterinary Electrosurgical Instruments Market, by End User
10 Veterinary Electrosurgery Market, by Regions:
11 Competitive Landscape
12 company profiles
Alan Electronic Systems Pvt. Ltd.
Alsa Apparecchi Medicali Srl
Avante Animal Health (Dre Veterinary)
B. Braun Vet Care GmbH
Beijing Taktvoll Technology Co. Ltd.
Burtons Medical Equipment Limited
Deltronix Medical Devices
Integra Life Sciences
Keebovet Veterinary Ultrasound Equipment
Nanjing Shouliang-Med Technology Co. Ltd.
Promise Technology Co. Ltd.
Shanghai Huifeng Medical Instrument Co.,Ltd Ltd.
Special Medical Technology, Co. Ltd.
Summit Hill Laboratories
Symmetry Surgical, Inc.
Xcellance Medical Technologies Pvt. Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/g33uq4
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SOURCE Research and markets