A recent report published by Infinium Global Research on the veterinary electrosurgery market provides in-depth analysis of segments and sub-segments in the global as well as regional veterinary electrosurgery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional veterinary electrosurgery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global veterinary electrosurgery market. According to the report, the global veterinary electrosurgery market is projected to grow at a CAGR of 8.1% over the forecast period of 2019-2025.
Veterinary electrosurgery uses high-frequency alternating current to cut, fulgurate, coagulate, dissect, or ablate tissue. Companies operating in the veterinary electrosurgery market are focusing on investment in research and development. The leading players are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share in the global veterinary electrosurgery market. Technological advancement propels the adoption of veterinary electrosurgery.
The growing number of veterinary practitioners drives the growth of the veterinary electrosurgery market. There are around 1.8 million veterinary practitioners worldwide. The rising demand for pet health insurance contributes to the growth of the veterinary electrosurgery market. The increasing companion animal population stimulates the growth of the veterinary electrosurgery market. The surge in per capita income in developing countries contributes to the growth of the veterinary electrosurgery market. Technological development propels the growth of the veterinary electrosurgery market. On the other side, rising pet care costs hinder the growth of the veterinary electrosurgery market. Moreover, increasing the adoption of veterinary electrosurgery in untapped emerging markets creates several opportunities for the growth of the veterinary electrosurgery market.
Based on geography, the global veterinary electrosurgery market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have a dominant share in the global veterinary electrosurgery market. The increasing pet insurance industry and rising veterinary healthcare expenditure in North America drive the growth of the veterinary electrosurgery market in North America. Americans spend around $50 billion per annum on their pets. Asia-Pacific is expected to grow in the global veterinary electrosurgery market with a significant CAGR over the forecast period. The growing population of livestock animals and rising per capita income in the Asia-Pacific region contributes to the growth of the veterinary electrosurgery market in Asia-Pacific. Europe is showing growth in the global veterinary electrosurgery market.
The report on the global veterinary electrosurgery market covers segments such as product, application, animals, and end-user. On the basis of product, the sub-markets include mopolar electrosurgery, bipolar electrosurgery, and consumables. On the basis of application, the sub-markets include general, orthopaedic, ophthalmic, urologic, and dental surgery. On the basis of animals, the sub-markets include large, and small. On the basis of end-user, the sub-markets include veterinary hospitals, veterinary clinics, and other end-users.
The report provides profiles of the companies in the market such as Covetrus Inc., Symmetry Surgical Inc., Medtronic plc, Kwanza Veterinary, Integra LifeSciences Holdings Corporation, LED SpA, Special Medical Technology Co. Ltd., Macan Manufacturing, Summit Hill Laboratories, B. Braun Melsungen AG, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of veterinary electrosurgery market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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