Veterinary Electrosurgery Market by Product (Bipolar Electrosurgery Instruments, Consumables & Accessories, Monopolar Electrosurgery Instruments), Animal (Large, Small), Application, End User - Global Forecast 2024-2030

Veterinary Electrosurgery Market by Product (Bipolar Electrosurgery Instruments, Consumables & Accessories, Monopolar Electrosurgery Instruments), Animal (Large, Small), Application, End User - Global Forecast 2024-2030

The Veterinary Electrosurgery Market size was estimated at USD 97.92 million in 2023 and expected to reach USD 101.92 million in 2024, at a CAGR 4.01% to reach USD 129.00 million by 2030.

Veterinary electrosurgery is a surgical technique that harnesses electrical energy to incise, coagulate, fulgurate, and dissect tissues during various veterinary procedures for animals such as dogs, cats, equine species, and livestock, including cattle and pigs. This technology has emerged as an essential component of modern veterinary practice due to its numerous advantages, such as reduced blood loss, improved precision, and minimized tissue trauma. Moreover, the growing prevalence of chronic disease among pet and livestock populations and increased demand for effective animal healthcare options due to rising pet populations worldwide are increasing the need for veterinary electrosurgery. However, the high cost of acquiring electrosurgical units may deter small-to-medium-sized veterinary clinics from adopting this technology. Additionally, there is a lack of skilled professionals trained in electrosurgical techniques, particularly in developing countries where access to adequate training programs is limited, restricting the growth of the veterinary electrosurgery market. Furthermore, technological advancements leading to improved efficiency and precision in electrosurgical techniques resulting in reduced recovery time for animals post-surgery are expected to create lucrative opportunities for veterinary electrosurgery.

Regional Insights

The Americas is a major market for veterinary electrosurgery owing to a high pet population requiring improved care and increasing awareness about animal healthcare. The U.S. and Canada account for an advancing market with quality veterinary healthcare facilities and many certified veterinarians. Key companies have headquarters in the region, focusing on developing innovative electrosurgical devices by investing heavily in research and development activities. Asia is experiencing rapid growth in the veterinary electrosurgery market due to its booming pet industry. Countries such as China, India, Japan, South Korea, and Australia have witnessed increased pet ownership and heightened awareness regarding animal welfare. However, there are gaps in skilled veterinarians compared to Western counterparts, thus creating opportunities for foreign firms to provide specialized training programs by partnering with local institutions. Production-wise, Asian countries are emerging as manufacturing hubs for low-cost electrosurgical devices catering mainly to regional markets. Europe has a strong presence of major players investing heavily in research and development activities to bring novel electrosurgical devices to the market. In Europe, production facilities are more inclined towards manufacturing high-quality devices that adhere to strict regulatory requirements set by European authorities, leading to premium-priced electrosurgery products targeting advanced veterinary clinics or hospitals providing specialized surgical care for animals within the region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Veterinary Electrosurgery Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing prevalence of chronic disease among pet and livestock population
• Government initiatives raising awareness about animal health worldwide

Market Restraints

• High cost associated with surgery and lack of skilled professionals

Market Opportunities

• Introduction of new and innovative veterinary electrosurgery systems
• Emergence of advanced veterinary units and improved vet insurance scenario

Market Challenges

• Risks are associated with the use of electrosurgery for animals

Market Segmentation Analysis

• Product: Adoption of bipolar electrosurgery for delicate tissue manipulation and coagulation in small animal surgeries
• Animal: High use of veterinary electrosurgery in large animals for precise cutting with minimal tissue damage and quick patient recovery rates
• Application: Increasing use of veterinary electrosurgery in gynecological & urological, and ophthalmic procedures for minimal tissue damage and better hemostasis control during surgical intervention
• End User: High preference for veterinary electrosurgery by veterinary clinics for efficient and reliable electrosurgical equipment in their daily practice

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Veterinary Electrosurgery Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Veterinary Electrosurgery Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Covetrus Inc. and Vetcor Expand Strategic Partnership with Multi-Year Agreement

Covetrus Inc., an animal-health technology and services company, entered into a multi-year strategic partnership with Vetcor, an extensive network of veterinary service locations in the US and Canada. This partnership further strengthens the existing collaboration between the two companies, establishing Covetrus Inc. as Vetcor's primary partner for in-clinic veterinary products. By partnering with Covetrus, Vetcor aims to enhance the quality of veterinary care across its service locations.

GoodVets Announces Strategic Growth Investment from General Atlantic to Fuel Continued Expansion Veterinary Care Platform

GoodVets Group LLC, a veterinary care platform, secured a strategic growth investment from global equity firm General Atlantic. The investment round also saw the participation of SkyKnight Capital, L.P. GoodVets collaborates with veterinarians to establish and operate state-of-the-art care facilities in rapidly expanding markets, with a strong focus on customer service, technology, and design. The company aims to enhance the companion animal healthcare experience while providing veterinarians autonomy and ownership rights.

Manitoba’s veterinary services districts receive CA$2 million investment

The governments of Canada and Manitoba are collaborating to invest USD 1.5 million to enhance the capacity of rural veterinary services across Manitoba. Each district will be eligible to receive up to USD 57,000 for purchasing large-animal veterinary equipment. This funding initiative aims to help clinics modernize their equipment, supporting the recruitment and retention of veterinarians in rural areas. By promoting animal health and welfare, this investment also contributes to maintaining a resilient food chain and ensuring that Manitoba is well-prepared for any potential animal disease emergencies.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Veterinary Electrosurgery Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Veterinary Electrosurgery Market, highlighting leading vendors and their innovative profiles. These include Avante Health Solutions, B. Braun SE, Beijing Jinhengwei Technology development Co., Ltd., Bergen Group of Companies, BonART CO., LTD, CONMED Corporation, Covetrus Inc., Cynosure, Delmarva 2000, Dispomed Ltd, Eickemeyer Veterinary Equipment Limited, Integra LifeSciences Holdings Corporation, Jorgensen Laboratories, LLC, Kwanza Veterinary, LED SpA, Macan Manufacturing, Medtronic PLC, New Gen Medical Systems, Olympus Corporation, Orlox Instruments, Photon Surgical Systems Ltd, Pioneer Veterinary Products Ltd, Symmetry Surgical Inc., Vetmax, LLC, XcelLance Medical Technologies Pvt. Ltd., and Xuzhou AKX Electronic Science and Technology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Veterinary Electrosurgery Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Bipolar Electrosurgery Instruments
• Consumables & Accessories
• Monopolar Electrosurgery Instruments
• Animal
• Large
• Small
• Application
• Dental Surgery
• General Surgery
• Gynecological & Urological Surgery
• Ophthalmic Surgery
• Orthopedic Surgery
• End User
• Veterinary Clinic
• Veterinary Hospital
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year