Reports and data
The increase in the animal population, new product launches and strategic collaboration
NEW YORK, NY, UNITED STATES, Oct. 8, 2021 /EINPresswire.com/ – Reports and Data recently released a new report entitled Global Veterinary Electrosurgery Market Research report, which provides radically insightful information about the veterinary electrosurgery industry. Market with 2021 offers as base year and 2027 as forecast period. The report offers important statistical data such as market value, market share, sales network and sales channels as well as revenue generation. The report further divides the Veterinary Electrosurgery Market into different segments and analyzes them on a global and regional level, providing details on the key factors that are positively influencing its sales growth. The report also provides country-by-country segmentation and growth analysis to provide a better understanding of the regional reach of the market.
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According to the latest analysis of reports and data, the global Veterinary Electrosurgery market was valued at $ 54.42 million in 2019 and is projected to reach $ 104.71 million by 2027, at a CAGR of 8.4%.
Electrosurgery is a treatment method that uses electrical currents to cut, coagulate the tissue and control bleeding more conveniently, especially in hard-to-reach places, the procedure is also used in animal surgery as it ensures increased precision and minimally invasive treatment . Electrosurgery is an effective treatment option for animals with tumors. The increasing demand for health insurance for pets, especially in developed countries, the availability of qualified and experienced doctors for the treatment, the awareness of the people for better medical care for the animal and the accessibility of animal care centers and hospitals are driving the growth of the market. The rise in the pet population and the rise in people’s disposable income for their pets continues to fuel market growth. However, the high cost of pet care and treatment and people’s lack of awareness of veterinary electrosurgery are the main factors hindering the growth of the market.
The report is produced through extensive primary and secondary research that is verified and validated by industry experts, research analysts and professionals. The report is designed to help readers and users improve their business performance by providing insightful data about the business area such as recent technology development, product advancements, and strategic business adoption. The report also provides a comprehensive analysis of the competitive landscape as well as business overviews, expansion plans and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product and brand promotions, government and corporate deals and partnerships.
The top companies in the market include:
Symmetry Surgical Inc. (USA), Covetrus Inc. (USA), DRE Veterinary (USA), B. Braun Melsungen AG (Germany), Medtronic (Ireland), Eickmeyer (USA), Summit Hill Laboratories (USA), Kwanza Veterinary ( India), Burtons Medical Equipment Ltd. (UK), Integra Lifesciences Corporation (USA), LED SpA and Keebovet Veterinary (USA) are the major players in the veterinary electrosurgery market.
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Effects of Covid-19 on the market:
The recent outbreak of COVID-19 disease caused by a novel strain of coronavirus has caused some unique upheaval in the veterinary market. According to the surveys and interviews we regularly conduct, many manufacturers point to subdued demand for products in the coming months due to the stalled global economy and massive disruptions in the supply chain. Due to the impending lockdown in many countries, pet and livestock keepers are expected to bring their animals to veterinarians for treatment. However, the recent case of a tiger at the Bronx Zoo in New York City that tested positive for COVID-19 (reported by the New York Times on April 6, 2021) is changing our understanding of the disease. COVID-19 could also be transmitted from person to animal, as demonstrated in this case where the tiger was infected by a zoo keeper. It remains to be seen whether the symptoms will develop more intensely than in humans. If this trend continues, surgery could also be required, which could increase the demand for electrosurgical equipment. In addition, the lockdown has created a huge shortage of equipment due to supply chain disruptions, which could have a negative impact on the electrosurgery market in the short term. As China slowly brings facilities back online, the focus is shifting from a question of supply (production) to demand as the more general structural impact of the coronavirus outbreak spreads. Key markets likely to face sales freezes include China, Europe and North America, although virtually every area faces some demand distortion in the coming months.
Increasing focus on developing vaccines to fight the COVID-19 pandemic and focus on preventive medicine to contain future epidemics and pandemics, the increasing number of product approvals for drugs and therapeutics, and the rapid digital transformation in the pharmaceutical and healthcare industries are some key factors which are expected to boost sales growth over the forecast period. With social distancing norms in place and the growing focus on telemedicine, digital technologies have been adopted faster that enable healthcare professionals to efficiently manage patient health. One of the most important drivers of the pharmaceutical and healthcare industries is the rapid integration of artificial intelligence in key areas such as research and development, patient care, commercialization, and drug research and development. It has also resulted in a reduction in healthcare spending and improved systems efficiency, which is expected to further contribute to future sales growth of the market.
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Also, to provide a better understanding of the competitive landscape, the report includes a comprehensive SWOT analysis and Porter’s Five Forces analysis. In addition, feasibility studies and ROI analyzes are dealt with. The report is segmented based on the types of products offered in the market, application spectrum, and key regions of the Veterinary Electrosurgery Market.
Product Outlook (Revenue, Million USD; 2017-2027)
• Bipolar electrosurgical instruments
• Monopolar electrosurgical instruments
• Consumables
• Equipment
Application Outlook (Revenue, Million USD; 2017-2027)
• General operation
• Dental surgery
• Gynecological surgery
• Urological surgery
• eye surgery
• Orthopedic surgery
• Other uses
End Use Outlook (Revenue, Million USD; 2017-2027)
• Veterinary clinics
• Veterinary clinics
• Other
Key regions examined in the report:
• North America (USA, Canada, Mexico)
• Europe (UK, Italy, Germany, France, rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
• Latin America (Chile, Brazil, Argentina, rest of Latin America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, rest of MEA)
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Thank you for reading our report. To find out more about the customization of the report or any further questions about the report, please contact us. Our team will ensure that the report fits your needs well.
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About reports and data
Reports and Data is a market research and advisory firm that provides syndicated research reports, bespoke research reports, and advisory services. Our solutions focus solely on your purpose of locating, addressing, and analyzing changes in consumer behavior across demographics and industries, and helping customers make smarter business decisions. We offer market research studies that ensure relevant and fact-based research across a wide variety of industries including healthcare, technology, chemistry, energy, and energy. We are constantly updating our research offerings to ensure that our customers are informed about the latest trends in the market. Reports and Data has a strong base of experienced analysts from various specialist areas.
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October 08, 2021 at 3:39 pm GMT
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