Veterinary Electrosurgical Market worth $ 112 million by 2027
Veterinary Electrosurgical Market by Product (Bipolar Electrosurgery, Monopolar Electrosurgery, Consumables), Application (General, Dental, Orthopedic, Ophthalmic), Animals (Small, Large), End User (Veterinary Hospitals, Clinics) - Global Forecast to 2027" published by MarketsandMarkets, the global veterinary electrosurgery market is projected to reach USD 112 million by 2027 from USD 77 million in 2022, at a CAGR of 7.7%. Increasing amount of animal health expenditure, rising expenditure on vet visits,and rising growth in the companion animal population segment are some of the key factors driving the market for veterinary electrosurgical instruments.
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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).
Covetrus, Inc. (US) is the leading player in the veterinary electrosurgery market. The company operates in three product categories- supply chain services, software services, and prescription management. The company provides products for veterinarians for surgery, dentistry, grooming, nutrition and pharmacy, imaging and radiology, office supplies, and vaccines. The company serves 100,000 customers in 19 countries. In December 2020, the company created a new DACH headquarters in Dusseldorf, Germany, to concentrate on the strengths of Germany, Austria, and Switzerland-based teams and the company’s other Central European locations. This expansion has enabled the company’s combined commercial teams to service their customers and provide a reset for the German and UK businesses.
Medtronic plc (Ireland) is a medical equipment manufacturing company that operates through four business segments: Cardiovascular, Diabetes, Medical Surgical, and Neuroscience. The company offers various electrosurgical instruments and accessories through its Medical Surgical segment. The surgical innovations include surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, surgical artificial intelligence (AI) and robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology, and lung products. The company operates in 150 countries worldwide.
Symmetry Surgical, Inc. (US) delivers innovative surgical instruments and solutions. The company specializes in offering an electrosurgery portfolio and minimally invasive surgical devices. It is headquartered in Nashville and operates new product development, manufacturing, distribution, and sourcing facilities in Nashville, Louisville, Tuttlingen, and Melbourne. The company’s products are sold and supported through direct employees and a network of partners in North America, Europe, the Asia Pacific, and Latin America. In 2019, the company unveiled an expanded Energy Solution consisting of the Olsen product line and recently acquired Bovie electrosurgery. This expansion of energy solution features a range of generators, smoke evacuation products, grounding pads, electrodes, cauteries, bipolar and monopolar forceps, microneedles, and accessories.
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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.
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