Veterinary Electrosurgery Devices Market Trends

Veterinary Electrosurgery Devices Market Trends

Pet insurance provides financial coverage for veterinary expenses, including surgeries and procedures. The rising demand for pet health insurance is expected to increase surgical volume, thereby boosting the demand for veterinary electrosurgery devices.
 

• For instance, the State of the Industry report by the North American Pet Association, published in May 2023, showed that the gross written premium for insured dogs accounted for 87% of the total volume in the U.S. in 2022, compared to 88.4% in 2021. As demand for pet health insurance grows, more pet owners will have access to comprehensive healthcare for their animals.
   
• This increased access to veterinary care, including elective procedures such as electrosurgery, is expected to drive the demand for veterinary electrosurgery devices, equipment, and services during the forecast period.
   

Moreover, growing animal healthcare expenditure, technological advancements, an increasing number of veterinarians, government support, and strategic expansions by major players further propel market demand.