Global Veterinary Electrosurgery Market is expected to grow at a CAGR of 8.5% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Veterinary Electrosurgery Market By Type (Bipolar Electrosurgical Instruments, Monopolar Electrosurgical Instruments, Consumables & Accessories, And Others), Applications (General Surgery, Dental Surgery, Ophthalmic Surgery, Gynecological & Urological Surgery, Orthopedic Surgery, And Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 To 2027.
The Global Veterinary Electrosurgery Market is expected to grow from USD 56 million in 2019 to USD 107 million by 2027, at a CAGR of 8.5% during the forecast period 2020-2027. North America accounts for the largest market share, and it is expected to dominate this market further. The factors attributing to the growth of this market are the large population of companion animals in this region, medical infrastructure, presence of key market players, and increasing demand for pet insurance. Europe is the second-largest market. Asia-Pacific is expected to witness highest growth rate owing to factors such as increasing adoption of pet animals and the large population of livestock animals, growing number of practitioners, increasing disposable income in emerging economies, technological innovation and increasing health awareness.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Some of the key players in the veterinary electrosurgery market are Covetrus, Symmetry Surgical Inc, Eickemeyer Veterinary Equipment Ltd, DRE Veterinary, Medtronic, LED SpA., KeeboVet Veterinary Ultrasound Equipment, OLYMPUS CORPORATION, Summit Hill Laboratories, Burtons Medical Equipment Ltd, Special Medical Technology Co., Ltd., Kentamed, PROMISE TECHNOLOGY CO., LTD, Macan Manufacturing, Jorgensen Labs, B. Braun Melsungen AG, Emed, Kwanza Veterinary, and KLS Martin Group.
By the type of products, the market is segmented into bipolar electrosurgical instruments, monopolar electrosurgical instruments, consumables & accessories, and others. The consumables & accessories segment is expected to grow at a significant growth rate in the upcoming years. Based on the type of applications, the market is segmented into general surgery, dental surgery, ophthalmic surgery, gynaecological & urological surgery, orthopaedic surgery, and others. The general surgery segment is the most dominant and accounts for the largest market share in this segment. This is because of a large volume of general surgeries, which includes sterilization procedures and soft-tissue surgeries, these are performed in both small and large animals. On the basis of the type of animals the market is segmented into small animals and large animals. Based on the type of end-user applications, the market is segmented into veterinary hospitals, veterinary clinics, and others.
In January 2019, Fluke medical launched ‘QA-ES III Electrosurgical Analyzer’. It is a specially designed medical equipment which tests and ensures proper safety and performance of electrosurgical units. The Electrosurgical Analyzer ‘QA-ES III’ has the ability to test all features of the critical electrosurgical unit (ESU), such as current, precision strength, crest factor, frequency, and load resistance.
In September 2018, Symmetry acquired the electrosurgical business of Bovie Medical. This strategic move will help the company to provide high-quality products to their consumers. The company will add the Bovie’s medical equipment’s to its existing electrosurgical devices portfolio and help in expanding their market share.
About the report:
The global Veterinary Electrosurgery market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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