Veterinary electrosurgery market expected to hit the dollar
Portland, OR, Sept. 29, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the veterinary electrosurgery market generated $463.6 billion in 2021 and is projected to reach $866.3 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The report offers a detailed analysis of the changing trends in the market, major segments, major investment pockets, value chain, regional landscape, and competitive scenario. The report is a useful source of information for major market players, new entrants, investors and stakeholders in developing strategies for the future and taking action to strengthen their position in the market.
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Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$463.6 billion|
|Market size in 2031||$866.3 billion|
|Number of pages in the report||356|
|Segments Covered||Product, application, end user and region|
|Drivers||Increased prevalence of animal-related disorders such as obesity, cardiovascular disease, neurological disease, osteoarthritis, and dental disease in pets|
|Growing awareness of treatment options for animals|
|Increase in pet adoption|
|Increase in technological advances in veterinary electrosurgical instruments|
|Rise in demand for health insurance|
|Opportunities||Emerging healthcare market in developing countries|
|Constraints||Shortage of qualified professionals|
|High cost of pet care|
- The Covid-19 outbreak has had a positive impact on the growth of the global veterinary electrosurgery market, owing to the increase in demand for animal health insurance and increase in the number of adoptions of pets during confinement.
- Moreover, many government initiatives have been carried out to reduce the prevalence of diseases in animals, which has resulted in the growth of the market.
- Additionally, the launch of advanced animal treatment products with minimal side effects further boosted the market growth during the period.
The report offers a detailed segmentation of the global veterinary electrosurgery market based on product, application, end-user, and region. The report provides an analysis of each segment and sub-segment using tables and figures. This analysis helps market players, investors, and new entrants determine which sub-segments should be leveraged to achieve growth in the coming years.
Based on product, the bipolar electrosurgery instruments segment accounted for more than two-fifths of the overall veterinary electrosurgery market in 2021 and is expected to lead by the end of 2031. Additionally, the same segment would cite the Fastest CAGR of 7.1% throughout the forecast period. The report also deals with monopolar electrosurgery instruments, consumables and accessories segment.
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Based on applications, the general surgery segment contributed almost one-third of the global veterinary electrosurgery market in 2021 and is expected to maintain its dominance till 2031. The same segment is expected to show a CAGR of 7. 1% over the forecast period. The report also discusses the segments such as Gynecological and Urological Surgery, Dental Surgery, Ophthalmic Surgery, Orthopedic Surgery and others.
On the basis of end-user, the veterinary hospital segment captured the largest share of nearly three-fifths of the global veterinary electrosurgery market in 2021 and is expected to exhibit notable growth over the forecast period. The same segment would grow at the highest CAGR of 6.8% from 2022 to 2031. The report also analyzes segments such as veterinary clinics and others.
Based on the region, the North American market contributed about two-fifths of the overall veterinary electrosurgery market in 2021 and is expected to maintain significant growth during the forecast period. The Asia-Pacific region, on the other hand, would witness the fastest growth of 7.4% between 2022 and 2031. The other two provinces discussed in the report include Europe and LAMEA.
The major market players analyzed in the global veterinary electrosurgery market report are Avante Animal Health, B.Braun Vet Care GmbH, Burtons Medical Equipment Ltd., ByRL Medical India Pvt. Ltd., Deltronix Medical Device, Integra Lifesciences, Kwanaza Veterinary, Medtronic PLC, Olympus Corporation, Symmetry Surgical, KLS Martin and Eickemeyer GmbH.
The report analyzes these key players in the global veterinary electrosurgery market. These players have adopted various strategies such as expansion, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of each market player.
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.
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