Global Veterinary Electrosurgery Market Overview:
As per MRFR analysis, the Veterinary Electrosurgery Market Size was estimated at 0.83 (USD Billion) in 2022. The Veterinary Electrosurgery Market Industry is expected to grow from 0.89 (USD Billion) in 2023 to 1.5 (USD Billion) by 2032. The Veterinary Electrosurgery Market CAGR (growth rate) is expected to be around 6.04% during the forecast period (2024 - 2032).
Key Veterinary Electrosurgery Market Trends Highlighted
The Veterinary Electrosurgery Market is experiencing rapid growth due to advancements in surgical techniques and the rising demand for minimally invasive procedures. Key market drivers include the increasing prevalence of chronic diseases in animals, growing pet ownership rates, and advancements in veterinary technology. Opportunities for growth lie in the development of innovative devices and accessories, as well as the expansion into emerging markets. Recent trends include the integration of advanced technologies such as robotics and AI, the growing popularity of laparoscopic procedures, and the development of disposable and reusable instruments. To capitalize on these opportunities, manufacturers should focus on developing tailored solutions for specific surgical applications and regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Electrosurgery Market Drivers
Increasing Prevalence of Chronic Diseases in Companion Animals
The rise in chronic diseases such as cancer, heart disease, and arthritis is increasing among companion animals. Most of these diseases require surgery whereby electrosurgery be recommended. Electrosurgery is a surgical technique that is minimally invasive. The technique uses high-frequency electrical energy to cut and seal tissue. Electrosurgery is less traumatic compared to conventional surgery, and it can help minimize bleeding and pain. Therefore, as more companion animals continue to face chronic diseases, the need for veterinary electrosurgery is on the rise.
Rising Demand for Minimally Invasive Surgical Procedures
A trend that clearly emerging in veterinary medicine is the use of minimally invasive surgical procedures. Such techniques involve surgery that is less invasive than the traditional methods, and may have certain benefits such as lower levels of pain, blood loss, and reduced recovery time. One such method, relevant to the current assignment topic, is electrosurgery. It is performed similarly to both cutting and coagulation of tissues using the high-frequency electrical currents.The application of electrosurgery for spaying, neutering, and removing tumors is an example of a veterinary elective surgery. It could be anticipated that as the popularity of minimally-invasive veterinary surgery continues to grow, there will also be greater demand for veterinary electrosurgery.
Technological Advancements in Veterinary Electrosurgery Equipment
Technological advancements are constantly being made in the field of veterinary electrosurgery. These advancements are leading to the development of new and improved electrosurgery equipment that is more precise, efficient, and user-friendly. For example, some of the latest electrosurgery equipment features computer-controlled settings that allow for precise control of the electrical energy output. This helps to reduce the risk of tissue damage and complications.Technological advancements are expected to continue to drive the growth of the Veterinary Electrosurgery Market Industry.
Veterinary Electrosurgery Market Segment Insights:
Veterinary Electrosurgery Market Product Type Insights
The Veterinary Electrosurgery Market is segmented by product type into monopolar electrosurgery units, bipolar electrosurgery units, radiofrequency electrosurgery units, and other electrosurgery units. Monopolar electrosurgery units held the largest market share in 2023 and are expected to maintain their dominance throughout the forecast period, owing to their versatility and applications in a wide range of surgical procedures. The demand for bipolar electrosurgery units is increasing as they help in minimizing collateral tissue damage and providing precise hemostasis.Furthermore, radiofrequency electrosurgery units are gaining prominence as they aid in improved wound healing and reduced smoke production. The other electrosurgery units segment is expected to grow at a steady pace during the forecast period, including laser electrosurgery units and ultrasonic electrosurgery units. The Veterinary Electrosurgery Market is being driven by the rising prevalence of companion animals, increased demand for minimally invasive surgical procedures, and technological advancements in the field of electrosurgery devices.The increased adoption of electrosurgery units in veterinary hospitals and clinics is also propelling market growth. Also, the rising popularity of animal welfare and the demand for precise and efficient surgical techniques will augment market growth. The Veterinary Electrosurgery Market will register notable growth over the next five years. The market will attain a value of USD 1.1 billion by 2028, after expanding at a compound annual growth rate of 6.5% during the forecast period . The growth of the market is primarily due to the augmented adoption of advanced electrosurgery technologies, increased demand for minimally invasive surgical procedures, and the growing awareness of animal welfare.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Electrosurgery Market Power Source Insights
Segmentation of the Veterinary Electrosurgery Market by Power Source presents the information regarding the intensity and potential growth of the market. Thus, substantial changes from 2023 to 2032 have been determined in the Corded Electrosurgery Units segment which, however, still holds the dominant position in the market due to the reliability, costs, and precision. At the same time, Cordless Electrosurgery Units segment is expected to grow during the period in question because of advancements in battery technology, which makes these units more convenient for use in veterinary ambulatory and other settings.In addition, there is a growing demand observed for minimal invasive surgical procedures in veterinary treatments, and cordless units are more manoeuvrable.
Veterinary Electrosurgery Market Application Insights
The Veterinary Electrosurgery Market segmentation by Application offers deep insights into the segments Surgical Procedures, Dental Procedures, and Other Applications. The Surgical Procedures segment is projected to account for the largest revenue share over the forecast period due to the increasing number of surgeries in veterinary clinics. The segment is expected to grow at a CAGR of 6.5% from 2023 to 2032, reaching a valuation of 0.58 billion USD by 2032. Dental Procedures segment held a significant market share in 2023 and is expected to maintain its dominance during the forecast period.The Other Applications segment is anticipated to exhibit a steady growth rate over the forecast period owing to the rising demand for electrosurgery in various other veterinary applications.
Veterinary Electrosurgery Market End User Insights
The Veterinary Electrosurgery Market is segmented by End User into Veterinary Hospitals, Veterinary Clinics, Veterinary Research Institutions, and Other End Users. Among these segments, Veterinary Hospitals hold the largest market share. Veterinary Hospitals are well-equipped and staffed with experienced veterinarians, making them the preferred choice for pet owners. Veterinary Hospitals accounted for 45% of the Veterinary Electrosurgery Market revenue in 2023, and are expected to continue dominating the market in the coming years.Veterinary Clinics, on the other hand, are smaller and typically offer a more limited range of services. However, they play an important role in providing affordable and accessible veterinary care to pet owners in rural and suburban areas. Veterinary Clinics accounted for 30% of the Veterinary Electrosurgery Market revenue in 2023, and are expected to grow at a CAGR of 5.5% during the forecast period. Veterinary Research Institutions are involved in the development and testing of new veterinary technologies, including electrosurgical devices.They accounted for 15% of the Veterinary Electrosurgery Market revenue in 2023, and are expected to grow at a CAGR of 6.0% during the forecast period. Other End Users, such as animal shelters and pet groomers, accounted for the remaining 10% of the Veterinary Electrosurgery Market revenue in 2023, and are expected to grow at a CAGR of 4.5% during the forecast period.
Veterinary Electrosurgery Market Regional Insights
The Veterinary Electrosurgery Market is segmented regionally into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Among these regions, North America held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The presence of well-established veterinary healthcare infrastructure, technological advancements, and a large number of veterinary clinics and hospitals contribute to the growth of this region. Europe is another significant market, driven by factors such as government initiatives supporting animal welfare, increasing awareness of pet health, and advancements in veterinary medicine.The Asia Pacific region is expected to witness substantial growth due to rising pet ownership, increasing disposable income, and growing awareness of animal healthcare. Emerging markets such as China and India are expected to drive growth in this region. South America and the Middle East and Africa are expected to experience moderate growth due to factors such as growing pet ownership, increasing urbanization, and the expansion of veterinary services.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Veterinary Electrosurgery Market Key Players And Competitive Insights:
Major players in Veterinary Electrosurgery Market industry are constantly developing new and innovative products to meet the changing needs of the market. Leading Veterinary Electrosurgery Market players are investing heavily in research and development to stay ahead of the competition. The Veterinary Electrosurgery Market is expected to witness significant growth in the coming years, owing to the increasing demand for minimally invasive surgeries and the growing adoption of advanced technologies in Veterinary Electrosurgery Market. The competitive landscape of the Veterinary Electrosurgery Market is characterized by the presence of a number of global and regional players. Some of the key players operating in the Veterinary Electrosurgery Market include B. Braun Melsungen AG, Erbe Elektromedizin GmbH, Medtronic plc, and Stryker Corporation. These players are constantly engaged in mergers and acquisitions to expand their market presence and gain a competitive edge.B. Braun Melsungen AG is a leading manufacturer of a wide range of medical devices and equipment, including veterinary electrosurgery units. The company has a global presence and a strong distribution network. B. Braun Melsungen AG is known for its high-quality products and excellent customer service. The company is constantly investing in research and development to develop new and innovative products. B. Braun Melsungen AG is expected to continue to be a major player in the Veterinary Electrosurgery Market in the coming years.Erbe Elektromedizin GmbH is another leading player in the Veterinary Electrosurgery Market. The company offers a wide range of electrosurgery units, accessories, and consumables. Erbe Elektromedizin GmbH is known for its innovative products and its commitment to quality. The company has a strong global presence and a dedicated team of sales and service professionals. Erbe Elektromedizin GmbH is expected to continue to be a major player in the Veterinary Electrosurgery Market in the coming years.
Key Companies in the Veterinary Electrosurgery Market Include:
- Erbe Elektromedizin GmbH
- Stryker
- Johnson Johnson
- Conmed Corporation
- Terumo Medical Corporation
- Olympus Corporation
- Medtronic
- Surgivet
- Martin Veterinary Supply, Inc
- Cusa Dental
- Ellman International, Inc
- Bovie Medical Corporation
- Smith Nephew
- Valleylab
- B Braun Melsungen AG
Veterinary Electrosurgery Market Industry Developments
The global veterinary electrosurgery market is expected to witness steady growth over the forecast period, driven by rising demand for minimally invasive surgical procedures in veterinary medicine, increasing prevalence of chronic diseases in animals, and technological advancements in electrosurgery devices. The market is expected to reach a valuation of USD 1.5 billion by 2032, expanding at a CAGR of 6.04% during the forecast period.Recent news developments in the market include the launch of new products, such as the Vétérinaire lectrochirurgie VET-EMS by Erbe Elektromedizin GmbH, and strategic partnerships between key players to expand market reach. For instance, in 2023, B. Braun Melsungen AG entered into a distribution agreement with Sonopet Corporation to distribute Sonopet's line of ultrasonic surgical aspirators and electrosurgical generators in select European markets.
Veterinary Electrosurgery Market Segmentation Insights
Veterinary Electrosurgery Market Product Type Outlook
- Monopolar Electrosurgery Units
- Bipolar Electrosurgery Units
- Radiofrequency Electrosurgery Units
- Other Electrosurgery Units
Veterinary Electrosurgery Market Power Source Outlook
- Corded Electrosurgery Units
- Cordless Electrosurgery Units
Veterinary Electrosurgery Market Application Outlook
- Surgical Procedures
- Dental Procedures
- Other Applications
Veterinary Electrosurgery Market End User Outlook
- Veterinary Hospitals
- Veterinary Clinics
- Veterinary Research Institutions
- Other End Users
Veterinary Electrosurgery Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
0.83 (USD Billion) |
| Market Size 2023 |
0.89 (USD Billion) |
| Market Size 2032 |
1.5 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.04% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Erbe Elektromedizin GmbH, Stryker, Johnson Johnson, Conmed Corporation, Terumo Medical Corporation, Olympus Corporation, Medtronic, Surgivet, Martin Veterinary Supply, Inc, Cusa Dental, Ellman International, Inc, Bovie Medical Corporation, Smith Nephew, Valleylab, B Braun Melsungen AG |
| Segments Covered |
Product Type, Power Source, Application, End User, Regional |
| Key Market Opportunities |
Increased demand for minimally invasive surgeries Growing prevalence of veterinary diseases Technological advancements in electrosurgery devices Rising awareness of animal welfare Expanding pet insurance coverage |
| Key Market Dynamics |
Rising prevalence of companion animals Technological advancements Increasing demand for minimally invasive surgeries Growing awareness about animal welfare Expanding veterinary infrastructure |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Veterinary Electrosurgery Market size was valued at USD 0.89 billion in 2023 and is expected to grow at a CAGR of 6.04% from 2024 to 2032, reaching a value of USD 1.5 billion by 2032.
North America held the largest share of the market in 2023, accounting for over 35% of the global revenue. Asia Pacific is expected to witness the fastest growth rate over the forecast period, due to the increasing adoption of veterinary electrosurgery in emerging markets such as China and India.
Veterinary electrosurgery is used in a variety of surgical procedures, including spaying and neutering, tumor removal, and wound debridement. It is also used in laparoscopic and endoscopic procedures.
Key market trends include the increasing popularity of minimally invasive surgical procedures, the rising demand for veterinary services in emerging markets, and the development of new and innovative electrosurgical devices.
Key market players include Bovie Medical Corporation, Erbe Elektromedizin GmbH, MTW Medizintechnik GmbH, and SW Surgical Instruments GmbH.
Challenges include the high cost of equipment, the need for specialized training for veterinarians, and concerns about the safety of the devices.
Opportunities include the development of new and improved electrosurgical devices, the increasing adoption of minimally invasive surgical procedures, and the rising demand for veterinary services in emerging markets.
Key growth drivers include the increasing number of veterinary procedures, the rising demand for minimally invasive surgical techniques, and the growing awareness of the benefits of electrosurgery
Key factors influencing the growth include the increasing adoption of minimally invasive surgical techniques, the rising demand for veterinary services in emerging markets, and the development of new and innovative electrosurgical devices.
Major challenges include the high cost of equipment, the need for specialized training for veterinarians, and concerns about the safety of the devices.
