Global Veterinary Orthopedics Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global Veterinary Orthopedics Market Overview :
“The global Veterinary Orthopedics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Orthopedics is the branch of surgery that is concerned with conditions involving the musculoskeletal system. Pets such as cats and dogs usually suffer from injuries like fractures due to fights, vehicular trauma, etc. Although animal injuries ted to heal quickly, broken bones and joints require orthopedic surgery to ensure proper rehabilitation.
Global Veterinary Orthopedics Market Dynamics :
Some of the key factors driving the global veterinary orthopedics market’s growth are increasing pet adoption rates and rising incomes in developing countries. The demand for veterinary orthopedics services has been increasing due to rising technological advancements and the growing number of veterinary practitioners.
Moreover, the increasing demand for efficient animal care is another factor expected that expected to fuel the global veterinary orthopedics market’s growth over the coming years. In addition, The increasing number of pet care clinics and animal hospitals is also contributing to market growth. Another factor driving the market is increasing obesity in pets. According to a report by the Association for Pet Obesity Prevention (APOP), 59% of cats and 56% of dogs were found to be obese in the US.
Obesity in animals increases the risk of cancer, joint diseases, diabetes mellitus, and other chronic conditions. The rising number of initiatives by governments to promote animal health is expected to further drive market growth over the next ten years. However, high costs with respect to the advancements in pet care and the increase of nescient pet owners are expected to restrain market growth over the years to come. Continuous research & development and innovations regarding pet care are projected to create growth opportunities for key players in the global market over the foreseeable future.
Global Veterinary Orthopedics Market Segment Analysis:
The implants segment continues to account for the highest revenue share when compared to the other product segments and this is projected to continue over the forecast period. This can be attributed to the increase in the number of cases with severe orthopedic disorders or musculoskeletal injuries including cruciate ligament tears and elbow dysplasia.
The hospitals & clinics segment is expected to continue to account for the majority revenue share over the next ten years. This can be attributed to the increasing number of procedures conducted in hospitals and clinics. Moreover, the growth of this segment can be attributed to the availability of a wide range of surgeries and treatments in hospitals and clinics.
Global Veterinary Orthopedics Market Regional Analysis:
The veterinary orthopedics market in North America is projected to account for the majority revenue share over the coming years. This can be attributed to the presence of key players and the expansion strategies implemented by them in the region. The Asia Pacific region is projected to index the fastest revenue growth over the forecast period.
Global Veterinary Orthopedics Market Segmentation:
- Compression Plates
- Arthrodesis Plates
- Acetabulum Plates
- Hospitals and Clinics
- Total Knee Replacement
- Total Hip Replacement
- Total Elbow Replacement
- Trauma Fixation
- North America
- Asia Pacific
- South America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Braun Vet care GmbH
- Veterinary Orthopedic Implants
- KYON pharma Inc.
- GerMed USA
- Integra Lifesciences
- Everost Inc.
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