Veterinary Electrosurgery Market by Product (Mopolar Electrosurgery, Bipolar Electrosurgery, Consumables), Application (General, Ophthalmic, Orthopedic, Urologic, Dental surgery), Animals (Large,Small Animals), End-User, Region - Global Forecast to 2024

Growth in the number of veterinary practitioners is expected to drive the veterinary electrosurgical instruments market

The veterinary electrosurgical instruments market is projected to reach USD 85 million by 2024 from USD 56 million in 2019, at a CAGR of 8.5%. Growth in the veterinary electrosurgical instruments market is driven by the rising demand for pet health insurance, growth in the number of veterinary practitioners in developed economies, and growth in the companion animal population. However, the rising cost of pet care is expected to restrain the growth of this market in the coming years.

Consumables & accessories segment to register the highest growth during the forecast period

Based on product, the veterinary electrosurgical instruments market is segmented into bipolar electrosurgical instruments, monopolar electrosurgical instruments, and consumables & accessories. The consumables & accessories segment is expected to witness the highest CAGR in the veterinary electrosurgical instruments market during the forecast period. The increasing demand for monopolar and bipolar electrosurgical instruments will drive the use of consumables & accessories.

General surgery is the largest application segment of the veterinary electrosurgical instruments market

Based on application, the veterinary electrosurgical instruments market is segmented into general surgery, gynecological & urological surgery, dental surgery, ophthalmic surgery, orthopedic surgery, and other applications. In 2018, the general surgery segment accounted for the largest share of the veterinary electrosurgical instruments market. This can be attributed to the large volume of general surgeries, such as soft-tissue surgeries and sterilization procedures, performed in small as well as large animals.




North America will continue to dominate the veterinary electrosurgical instruments market during the forecast period

By region, the veterinary electrosurgical instruments market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America accounted for the largest share of the veterinary electrosurgical instruments market. The large share of North America can be attributed to the increasing adoption of companion animals, growing pet insurance industry, rising veterinary healthcare expenditure, and the growing number of veterinary practices.

However, the Asia Pacific market is expected to register the highest CAGR during the forecast period. Factors such as increasing consumption of meat and dairy products, the growing population of livestock animals, and rising per capita income in these countries are supporting the growth of the veterinary electrosurgical instruments market.


The breakup of primary participants is as mentioned below:
‧ By Company Type: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
‧ By Designation: C-level: 33%, Director-level: 41%, and Others: 26%
‧ By Region: North America: 34%, Europe: 29%, Asia Pacific: 21%, Latin America: 14%, and the Middle East & Africa: 2%

The prominent players in the veterinary electrosurgical instruments market are Symmetry Surgical Inc. (US), Covetrus Inc. (US), DRE Veterinary (US), B. Braun Melsungen AG (Germany), Medtronic (Ireland), Eickmeyer (US), Summit Hill Laboratories (US), Kwanza Veterinary (India), Burtons Medical Equipment Ltd. (UK), Integra Lifesciences Corporation (US), LED SpA, and Keebovet Veterinary (US).
Research Coverage:
The report analyzes the veterinary electrosurgical instruments market and aims at estimating the market size and future growth potential of this market based on various segments such as product, animal type, application, end user, and region. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights into:
‧ Market Penetration: Comprehensive information on the product portfolios of the top players in the veterinary electrosurgical instruments market. The report analyzes this market by product, animal type, application, end user, and region
‧ Market Development: Comprehensive information on the lucrative emerging markets, by product, animal type, application, end user, and region
‧ Market Diversification: Exhaustive information about products, growing geographies, recent developments, and investments in the veterinary electrosurgical instruments market
‧ Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of leading players in the veterinary electrosurgical instruments market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE MARKET STUDY 17
1.4 CURRENCY 18
1.5 STAKEHOLDERS 18
1.6 LIMITATIONS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
2.1.1 SECONDARY RESEARCH 19
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY RESEARCH 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Breakdown of primaries 21
2.1.2.3 Key industry insights 22
2.2 MARKET SIZE ESTIMATION 22
2.3 DATA TRIANGULATION APPROACH 24
2.4 MARKET SHARE ESTIMATION 25
2.5 ASSUMPTIONS FOR THE STUDY 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET OVERVIEW 30
4.2 REGIONAL MIX: VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET (2019–2024) 31
4.3 ASIA PACIFIC: VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET SHARE,
BY PRODUCT (2018) 32
4.4 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET: DEVELOPED VS. DEVELOPING MARKETS 33
4.5 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 34
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5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.1.1 MARKET DRIVERS 36
5.1.1.1 Rising demand for pet health insurance 36
5.1.1.2 rising number of practitioners in developed Economies 37
5.1.1.3 Growth in Companion animal population 38
5.1.2 MARKET RESTRAINTS 39
5.1.2.1 Rising pet care costs 39
5.1.3 MARKET OPPORTUNITIES 39
5.1.3.1 Untapped emerging markets 39
5.1.4 MARKET CHALLENGES 39
5.1.4.1 Low animal health awareness in emerging markets 39
6 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET, BY PRODUCT 40
6.1 INTRODUCTION 41
6.2 BIPOLAR ELECTROSURGICAL INSTRUMENTS 42
6.2.1 BIPOLAR ELECTROSURGICAL INSTRUMENTS IS THE SECOND LARGEST MARKET 42
6.3 MONOPOLAR ELECTROSURGICAL INSTRUMENTS 43
6.3.1 WIDE USE IN LAPAROSCOPIC PROCEDURES AND AVAILABILITY OF ADVANCED INSTRUMENTS HAVE SUPPORTED MARKET GROWTH 43
6.4 CONSUMABLES & ACCESSORIES 44
7 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET, BY APPLICATION 46
7.1 INTRODUCTION 47
7.2 GENERAL SURGERY 48
7.2.1 A LARGE NUMBER OF GENERAL SURGICAL PROCEDURES PERFORMED WORLDWIDE TO SUPPORT MARKET GROWTH 48
7.3 GYNECOLOGICAL & UROLOGICAL SURGERY 49
7.3.1 RISING AWARENESS ABOUT GYNECOLOGICAL & UROLOGICAL DISEASES AND INCREASING VETERINARY HEALTHCARE EXPENDITURE—MAJOR
GROWTH DRIVERS 49
7.4 DENTAL SURGERY 51
7.4.1 ELECTROSURGICAL EQUIPMENT ARE USED TO MINIMIZE BLEEDING DURING DENTAL SURGERIES 51
7.5 OPHTHALMIC SURGERY 53
7.5.1 AVAILABILITY OF TECHNOLOGICALLY ADVANCED ELECTROSURGICAL INSTRUMENTS FOR OPHTHALMIC SURGERIES TO DRIVE MARKET GROWTH 53
7.6 ORTHOPEDIC SURGERY 54
7.6.1 HIGH PREVALENCE OF ORTHOPEDIC DISORDERS TO RESULT IN THE INCREASED ADOPTION OF ELECTROSURGICAL INSTRUMENTS 54
7.7 OTHER APPLICATIONS 55
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8 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET, BY ANIMAL TYPE 56
8.1 INTRODUCTION 57
8.2 SMALL ANIMALS 58
8.2.1 RISING COMPANION ANIMAL POPULATION TO SUPPORT MARKET GROWTH 58
8.3 LARGE ANIMALS 59
8.3.1 GROWING AWARENESS OF ANIMAL HEALTH IN THE LIVESTOCK INDUSTRY TO DRIVE MARKET GROWTH 59
9 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET, BY END USER 61
9.1 INTRODUCTION 62
9.2 VETERINARY HOSPITALS 63
9.2.1 CONSOLIDATION OF VET HOSPITALS IS A KEY TREND IN THIS MARKET SEGMENT 63
9.3 VETERINARY CLINICS 64
9.3.1 GROWING NUMBER OF VETERINARY PRACTICES IS DRIVING THE GROWTH OF THIS SEGMENT 64
9.4 OTHER END USERS 66
10 VETERINARY ELECTROSURGICAL INSTRUMENTS MARKET, BY REGION 68
10.1 INTRODUCTION 69
10.2 NORTH AMERICA 70
10.2.1 US 73
10.2.1.1 The US dominates the veterinary electrosurgical instruments market in North America 73
10.2.2 CANADA 77
10.2.2.1 Increasing awareness of pet health to support market growth
in Canada 77
10.3 EUROPE 79
10.3.1 UK 83
10.3.1.1 Increase in pet ownership to drive market growth 83
10.3.2 GERMANY 86
10.3.2.1 Germany is the fastest-growing market for veterinary electrosurgical instruments in Europe 86
10.3.3 FRANCE 89
10.3.3.1 Growing companion animal population & increasing demand for pet care products & services will support the growth of the veterinary electrosurgical instruments market 89
10.3.4 ITALY 92
10.3.4.1 Growing pet population and product availability through large-scale outlets are supporting market growth in Italy 92
10.3.5 SPAIN 94
10.3.5.1 Increasing animal healthcare expenditure is a major factor driving market growth in Spain 94
10.3.6 REST OF EUROPE 97
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10.4 ASIA PACIFIC 99
10.4.1 CHINA 102
10.4.1.1 China dominates the Asia Pacific veterinary electrosurgical instruments market 102
10.4.2 JAPAN 104
10.4.2.1 Rising demand for imported pet breeds is expected to drive the veterinary electrosurgical instruments market in Japan 104
10.4.3 INDIA 106
10.4.3.1 India is an untapped market with huge growth potential 106
10.4.4 REST OF ASIA PACIFIC 108
10.5 LATIN AMERICA 111
10.6 MIDDLE EAST & AFRICA 113
11 COMPETITIVE LANDSCAPE 116
11.1 INTRODUCTION 116
11.2 COMPETITIVE SITUATIONS AND TRENDS 116
11.2.1 MERGERS AND ACQUISITIONS 116
11.2.2 PARTNERSHIPS 117
11.2.3 OTHER DEVELOPMENTS 117
11.3 COMPETITIVE LEADERSHIP MAPPING 117
11.3.1 VISIONARY LEADERS 118
11.3.2 DYNAMIC DIFFERENTIATORS 118
11.3.3 EMERGING COMPANIES 118
12 COMPANY PROFILES 120
(Business overview, Products offered, Recent developments, MNM view)*
12.1 SYMMETRY SURGICAL, INC. 120
12.2 COVETRUS, INC. 122
12.3 DRE VETERINARY 124
12.4 B. BRAUN MELSUNGEN AG 126
12.5 MEDTRONIC PLC 128
12.6 EICKEMEYER VETERINARY EQUIPMENT, INC. 130
12.7 SUMMIT HILL LABORATORIES 131
12.8 KWANZA VETERINARY 132
12.9 BURTONS MEDICAL EQUIPMENT, LTD. 133
12.10 INTEGRA LIFESCIENCES HOLDINGS CORPORATION 134
12.11 LED SPA 136
12.12 KEEBOVET VETERINARY ULTRASOUND EQUIPMENT 137
*Business overview, Products offered, Recent developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX 138
13.1 INSIGHTS OF INDUSTRY EXPERTS 138
13.2 DISCUSSION GUIDE 139
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 143
13.4 AVAILABLE CUSTOMIZATIONS 145
13.5 RELATED REPORTS 145
13.6 AUTHOR DETAILS 146