Market Analysis and Insights: Global Veterinary Electrosurgery Market
Global veterinary electrosurgery market is set to witness a substantial CAGR of 8.15% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising awareness about animal health and increasing number of veterinary practices are the factor for the growth of this market.
Market Definition: Global Veterinary Electrosurgery Market
Eletrosurgery is a surgery in which surgeons uses a heat-generating electrical device so they can burn or vaporize tissue so they can remove it easily and decrease the halt bleeding. Electrocautery and high frequency electrosurgery are two of the common types of the electrosurgery. They are widely used to treat different skin cancer and other skin problems such as warts, moles and actinic keratones. They are widely used in application such as general surgery, orthopedic surgery, ophthalmic surgery, ophthalmic surgery and other.
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Global veterinary electrosurgery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary electrosurgery market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing demand for pet health insurance will drive the market growth in the forecasted period
- Rising companion animal population will also accelerate the growth of this market
- Growing number of practitioner acts as a market driver
- Rising per capita income will also contribute as a major factor driving this market growth
- Increasing pet care cost will restrain the market growth
- Lack of awareness about veterinary electrosurgery will also hinder the market growth
Segmentation: Global Veterinary Electrosurgery Market
- Bipolar Electrosurgical Instruments
- Monopolar Electrosurgical Instruments
- Consumables & Accessories
- General Surgery
- Gynecological & Urological Surgery
- Dental Surgery
- Ophthalmic Surgery
- Orthopedic Surgery
- Other Applications
By Animal Type
- Small Animals
- Large Animals
- Veterinary Hospitals
- Veterinary Clinics
- Other End Users
- North America
- Rest of Europe
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Key Developments in the Market:
- In January 2019, Fluke medical announced the launch of their QA-ES III Electrosurgical Analyzer which is specially designed for the testing and ensures proper performance and safety electrosurgical units. The Electrosurgical Analyzer Fluke Biomedical QA-ES III tests all features of the critical electrosurgical unit (ESU), including precision strength, current, frequency, crest factor, and load resistance
- In September 2018, Symmetry announced that they have acquired electrosurgical division of Bovie Medical. This acquisition will help the company to provide high quality products to their customers. The company will be adding the Bovie to their existing electrosurgical devices portfolio
Key Market Competitors:
Few of the major competitors currently working in the global veterinary electrosurgery market are SYMMETRY SURGICAL INC, Covetrus, DRE Veterinary, Medtronic, Eickemeyer Veterinary Equipment Ltd, Summit Hill Laboratories, Burtons Medical Equipment Ltd, LED SpA., KeeboVet Veterinary Ultrasound Equipment, OLYMPUS CORPORATION, Macan Manufacturing, Jorgensen Labs, Special Medical Technology Co., Ltd., Kentamed, PROMISE TECHNOLOGY CO., LTD, trewavis.com, B. Braun Melsungen AG, KLS Martin Group, EMED., Kwanza Veterinary among others.
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Research Methodology: Global Veterinary Electrosurgery Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global veterinary electrosurgery market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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