Advancements in Veterinary Orthopedics Market to increase at a CAGR of around 9.4% during 2022 to 2032: Revolutionizing Animal Care and Mobility
The Veterinary Orthopedics Market refers to the market segment dedicated to the diagnosis, treatment, and prevention of musculoskeletal disorders in animals, particularly in veterinary medicine. Orthopedic conditions in animals, such as fractures, ligament tears, joint diseases, and spinal disorders, can cause pain and mobility issues, affecting their overall health and well-being.
Includes a wide range of products, services, and technologies designed to address these conditions. This may include surgical implants and instruments, joint replacement systems, orthopedic braces and supports, regenerative medicine therapies, diagnostic imaging equipment, and rehabilitation services.
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The market for veterinary electrosurgery was worth USD 471.96 million in 2021, and it is anticipated to reach USD 505 million by 2022. The market is anticipated to grow at a CAGR of 7% from 2022 to 2032, accumulating USD 993.41 Million by that time. The industry is expanding as a result of rising adoption rates and increased demand for pet health insurance.
Veterinary orthopedics has been growing steadily due to various factors. The increasing pet ownership and human-animal bond have led to greater demand for advanced veterinary care. Additionally, advancements in veterinary technology and surgical techniques have improved the diagnosis and treatment of orthopedic conditions in animals, providing more effective and specialized solutions.
Key Takeaways from the Market Study:
- The veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.
- By product, consumables and accessories segment is expected to register a CAGR of more than 15% for veterinary electrosurgery market during the forecast period.
- By animal, small animals are expected to possess 65% market share for veterinary electrosurgery market during the forecast period.
- By end use, veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.
- By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.
- U.S is projected to register a CAGR of 8% during the forecast period.
- U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.
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“Increasing investments in adopting pets along with government initiatives to maintain animal health is driving the growth of veterinary electrosurgery market,” comments an FMI analyst.
Competitive Landscape:
Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:
- In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.
- Medtronic, a key player in the veterinary electrosurgery market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the global veterinary electrosurgery market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
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The study reveals essential insights by product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables & Accessories), Animal Type (Small Animal, Large Animal), application (General Surgery, Dental Surgery, Gynecological & Urological Surgery, Orthopedic Surgery, Others), End Use (Veterinary Hospitals and Clinics, Others) & Region Forecast till 2032
Key Segments Covered in the Veterinary Electrosurgery Market
Veterinary Electrosurgery Market by Product:
- Bipolar Veterinary Electrosurgery Instruments
- Monopolar Veterinary Electrosurgery Instruments
- Veterinary Electrosurgery Consumables & Accessories
Veterinary Electrosurgery Market by Animal Type:
- Veterinary Electrosurgery for Small Animals
- Veterinary Electrosurgery for Large Animals
Veterinary Electrosurgery Market by Application:
- General Veterinary Electrosurgery
- Dental Veterinary Electrosurgery
- Gynecological & Urological Veterinary Electrosurgery
- Orthopedic Veterinary Electrosurgery
- Other Veterinary Electrosurgery Applications
Veterinary Electrosurgery Market by End Use:
- Veterinary Electrosurgery across Veterinary Hospitals And Clinics
- Veterinary Electrosurgery across Other End Users
Market Presence Across Multiple Geographical Footprints – Strong/Active/Niche/Trivial – Buy the Report! https://www.futuremarketinsights.com/checkout/15014
Veterinary Electrosurgery Market by Region:
- North America Veterinary Electrosurgery Market
- Latin America Veterinary Electrosurgery Market
- Europe Veterinary Electrosurgery Market
- Asia Pacific Veterinary Electrosurgery Market
- Middle East & Africa Veterinary Electrosurgery Market
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