What is Veterinary Electrosurgery?
The global veterinary electrosurgery market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Moreover, the rising number of pets worldwide and increasing awareness for animal care are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a slight decline in growth during FY 2020 due to the COVID-19 pandemic & lockdown measures but it is again expected to rise at a healthy pace after the second half of FY 2021.
The market study is broken down by Type (Monopolar Electrosurgery, Bipolar Electrosurgery and Consumables & Accessories), by Application (General Surgery, Ophthalmic Surgery, Orthopedic Surgery, Urological Surgery, Dental Surgery and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on providing enhanced products & solutions in order to cater to the market's demands to remain competitive in the market. The recent industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down for the majority of the time in FY 2020. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Veterinary Electrosurgery market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ALSA MEDICAL APPARATUS SRL (Italy), B. Braun Melsungen AG (Germany), Burtons Medical Equipment Ltd (United Kingdom), Braun & Co. Limited (United Kingdom), Covetrus (United States), DRE Veterinary (United States), Eickemeyer (Germany), Integra LifeSciences Corporation (United States), KeeboVet (United States), Kwanza Veterinary (India), LED SpA (Italy), Macan Manufacturing (United States), Medtronic (Ireland), Special Medical Technology Co. Ltd. (Czech Republic), Summit Hill Laboratories (United States) and SYMMETRY SURGICAL INC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Veterinary Electrosurgery market by Type, Application and Region.
On the basis of geography, the market of Veterinary Electrosurgery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Veterinary Hospitals will boost the Veterinary Electrosurgery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In September 2020, Medtronic announced that it has signed an agreement to acquire Avenu Medical, a privately held medical device company based in California.
Market Trend
- Awareness for Special Pet Care Among Animal Owners
Market Drivers
- The Growing Demand for Pet/Animal Care Propelled by Rising Number of Diseases & Disorders in Animals/Pets
- Increasing Number of Animals Worldwide
Opportunities
- Opportunities Across Asia Pacific Region
Restraints
- Increasing Pet Care Costs
Challenges
- Lack of Awareness Among Emerging Regions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.