Covetrus, Inc. (US), Medtronic plc (Ireland) and Symmetry Surgical, Inc. (US) are leading players in Veterinary Electrosurgery Market
Covetrus, Inc. (US), Medtronic plc (Ireland), Symmetry Surgical, Inc. (US), B. Braun Vet Care GmbH (Germany), Integra LifeSciences (US), and Avante Animal Health (DRE Veterinary) (US) are the leading players in the veterinary electrosurgery market.
The global veterinary electrosurgical instruments market is projected to reach USD 112 million by 2027 from USD 77 million in 2022, at a CAGR of 7.7%. The growth of the veterinary electrosurgical instruments market is mainly driven by factors such as rising healthcare expenditure for companion animals, high demand for veterinarians, increase in number of veterinary practices, and rising animal adoption. On the other hand, rising pet care costs and high cost of veterinary electrosurgery equipment is limiting the market growth to some extent.
The global veterinary electrosurgical instruments market is consolidated at the top, with various players governing major shares in the market. Some of the major players in the market are Covetrus, Inc. (US), Medtronic plc (Ireland), Symmetry Surgical, Inc. (US), B. Braun Vet Care GmbH (Germany), Integra LifeSciences (US), Avante Animal Health (DRE Veterinary) (US), Summit Hill Laboratories (US), Burtons Medical Equipment Limited (UK), and Olympus Corporation (Japan).
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Covetrus, Inc. (US) is the leading player in the veterinary electrosurgery market. The company operates in three product categories- supply chain services, software services, and prescription management. The company provides products for veterinarians for surgery, dentistry, grooming, nutrition and pharmacy, imaging and radiology, office supplies, and vaccines. The company serves 100,000 customers in 19 countries. In December 2020, the company created a new DACH headquarters in Dusseldorf, Germany, to concentrate on the strengths of Germany, Austria, and Switzerland-based teams and the company’s other Central European locations. This expansion has enabled the company’s combined commercial teams to service their customers and provide a reset for the German and UK businesses.
Medtronic plc (Ireland) is a medical equipment manufacturing company that operates through four business segments: Cardiovascular, Diabetes, Medical Surgical, and Neuroscience. The company offers various electrosurgical instruments and accessories through its Medical Surgical segment. The surgical innovations include surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, surgical artificial intelligence (AI) and robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology, and lung products. The company operates in 150 countries worldwide.
Symmetry Surgical, Inc. (US) delivers innovative surgical instruments and solutions. The company specializes in offering an electrosurgery portfolio and minimally invasive surgical devices. It is headquartered in Nashville and operates new product development, manufacturing, distribution, and sourcing facilities in Nashville, Louisville, Tuttlingen, and Melbourne. The company’s products are sold and supported through direct employees and a network of partners in North America, Europe, the Asia Pacific, and Latin America. In 2019, the company unveiled an expanded Energy Solution consisting of the Olsen product line and recently acquired Bovie electrosurgery. This expansion of energy solution features a range of generators, smoke evacuation products, grounding pads, electrodes, cauteries, bipolar and monopolar forceps, microneedles, and accessories.
Related Reports:
Veterinary Electrosurgery Market Product (Bipolar Electrosurgery, Monopolar Electrosurgery, Consumables), Application (General, Dental, Orthopedic, Ophthalmic), Animals (Small, Large), End User (Veterinary Hospitals, Clinics) - Global Forecast to 2027
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