Veterinary Electrosurgery Market Latest Advancements And Business Opportunities up to 2032
The global veterinary electrosurgery market size is estimated at US$ 471.96 Million in 2021 and is expected to secure US$ 505 Million by 2022. The market is projected to procure US$ 993.41 Million by 2032 while expanding at a CAGR of 7% during the forecast period from 2022 to 2032.
What are the Key Factors Propelling the Veterinary Electrosurgery Market?
Increasing awareness regarding treatment options for animals is playing a key role in the overall growth of veterinary electrosurgery market. The global COVID-19 pandemic affected veterinarians in more ways than one. From the outset of the COVID-19, the veterinary community came across serious questions and challenges. This led to the transformation of the veterinary electrosurgery market. Veterinarians planned to serve patients and clients with creativity and commitment. The COVID-19 pandemic has continued to evolve, and conditions have varied considerably across the world. Moreover, OIE has confirmed that no animals can spread this virus.
However, human-to-animal transmission has been reported in a few countries. During the COVID-19 pandemic and stringent lockdown, limited operation of veterinary clinics norms consequently resulted in a decline in veterinary visits. This, in turn, affected the market for veterinary electrosurgery. However, the veterinary visits have shown a V-shaped recovery during the 3rd quarter of 2020
According to IDEXX, U.S. clinic visits increased by 6% in Q4 2020 from the last quarter, which is expected to increase the growth of the market for veterinary electrosurgery over the forecast period. All these factors are contributing towards the growth of veterinary electrosurgery market.
What are the Major Trends in the Global Veterinary Electrosurgery Market?
Veterinary surgery has advanced beyond the conventional, traditional techniques. Electrosurgical Units are becoming more widespread with both routine and sophisticated veterinary procedures. Latest, energy-based techniques such as electrosurgery have paved the way for faster and more efficient surgical procedures.
Moreover, Electrosurgical Units are used in over 80% of all surgical procedures, comprising veterinary procedures. This, in turn, contributes to market growth. Furthermore, truly incredible advances have been witnessed in the past few decades with regard to the medical practice of veterinary surgery, resulting in technological advancements in products over the years.
What Challenges are in Store for Veterinary Electrosurgery Market?
Although veterinary electrosurgery is a constantly developing and evolving, the market is facing certain difficulties. The time taken for approval of medicines and instruments is affecting the overall development of market. In addition, the spread of newer diseases between animals due to unknown reasons constantly puts pressure on the veterinary electrosurgery market. This, in turn, derails the progress of the market.
What is the Intensity of the Competition in the Veterinary Electrosurgery Market?
Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, KARL STORZ, DRE Veterinary, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:
- Burtons Medical Equipment Ltd, a key market player is not only focusing on manufacturing instruments needed for veterinary electrosurgery but also on repairing the same.
Key Segments Covered in the Veterinary Electrosurgery Market
Veterinary Electrosurgery Market by Product:
- Bipolar Veterinary Electrosurgery Instruments
- Monopolar Veterinary Electrosurgery Instruments
- Veterinary Electrosurgery Consumables & Accessories
Veterinary Electrosurgery Market by Animal Type:
- Veterinary Electrosurgery for Small Animals
- Veterinary Electrosurgery for Large Animals
Veterinary Electrosurgery Market by Application:
- General Veterinary Electrosurgery
- Dental Veterinary Electrosurgery
- Gynecological & Urological Veterinary Electrosurgery
- Orthopedic Veterinary Electrosurgery
- Other Veterinary Electrosurgery Applications
Veterinary Electrosurgery Market by End Use:
- Veterinary Electrosurgery across Veterinary Hospitals And Clinics
- Veterinary Electrosurgery across Other End Users
For more Information @ https://www.futuremarketinsights.com/reports/veterinary-electrosurgery-market
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