Would Veterinary Electrosurgical Devices Industry 2021 perform vital role In the Upcoming Years?

 The veterinary electrosurgery market is projected to reach USD 85 million by 2024 from USD 56 million in 2019, at a CAGR of 8.5%. Rising demand for pet health insurance, growth in the number of veterinary practitioners, and growth in the companion animal population are driving the market for veterinary electrosurgical instruments. Untapped emerging markets also present significant growth opportunities for veterinary electrosurgery market players.

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Veterinary electrosurgical devices are used for surgical cutting or controlling the bleeding by causing coagulation at the surgical site. Electrosurgery devices such as electrodes, probes, coagulators, and other devices use high-frequency alternating current to perform their respective functions.

There are two type electrosurgeries: electrocautery and high frequency electrosurgery. Electrosurgery instruments are available in two forms: monopolar and bipolar

Rising adoption of pet animals is expected to boost the demand for surgeries of animals over the period of forecast. For instance, as per the report by the American Veterinary Medical Association (AVMA) in 2017, around 68% of the household has pets in the US. Thus, the rising adoption of pet animals is driving the veterinary electrosurgery market.

Increasing expenditure of animal healthcare is leading to the growth of veterinary surgeries, thus driving the growth of veterinary electro surgery market. For instance, as per the American Pet Products Association's 2017-18 National Pet Owners Survey, about USD 474 and USD 245 was spent annually on veterinary surgical services for dogs and cats, respectively in 2017. Thus, the high expenditure on pet care and veterinary services is driving the market.