According to Custom Market Insights (CMI), The global Veterinary Orthopedic Implants Market was estimated at USD 5.41 billion in 2021 and is anticipated to reach around USD 7.12 billion by 2030, growing at a CAGR of roughly 7.9% between 2022 and 2030.
The global Veterinary Orthopedic Implants Market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
Veterinary Orthopedic Implants Market: Overview
After the COVID-19 pandemic, veterinary orthopedic implants are again witnessing a very high growth globally. Advances in veterinary implants and surgery are likely to be witnessed in the post-COVID world. As an example, the developments in imaging technologies are most probably to reduce the complexities involved in animal diagnosis. Commercially, the rise in the pet population and the desire to maintain good health consistently are expected to propel market growth in the coming years. The emergence of specialty surgical facilities and the wider use of stainless steel for veterinary orthopedic implants is projected to have a significant impact on market developments.
Browse the full “Veterinary Orthopedic Implants Market Size, Trends and Insights By Product (Tibial Plateau Levelling Osteotomy, Advanced Locking Plate System, Total Knee Replacement Implants, Others), By End-User (Hospitals, Clinics, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/veterinary-orthopedic-implants-market/
Increase in concern for the well-being of animals and pets
The veterinary orthopedic implants Market is propelled by the rising demand for animal shelters and growing concern for the well-being of animals and pets. On the other hand, there are plenty of professional opportunities for students completing veterinary curriculum & courses. Growth in medical technology for animal surgery and implants is projected to have a significant influence on the market growth.
An increase in imaging services for animal diagnosis is one of the notable factors. Besides, an increasing number of pet owners of dogs and cats is witnessed all across the globe. Also, the high spending on comfort for pets is projected to enlarge the market demand for orthopedics implants. On contrary, the growing cases of osteoarthritis in animals, especially dogs are anticipated to fuel market growth in the coming years. Commercially, the rolling out of the latest products through mergers, and collaborations is helping the market developments.
The veterinary orthopedic implants market is categorized into component and end-user. By component, the total knee replacement market was estimated to be the largest segment in the Veterinary Orthopedic Implants Market and is expected to be the largest segment throughout 2022-2030. A rising number of knee replacement surgeries in pets is expected to contribute to the segment’s growth. Also, the use of the latest technology is supporting the growth of this segment. By end-user, the clinic’s segment is estimated to hold the largest market share throughout the forecast period. The increase in medical visits for routine check-ups is accelerating the growth of the market.
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Asia Pacific region to dominate the Veterinary Orthopedic Implants Market
The Asia Pacific is estimated to be the leading region in the global veterinary orthopedic implants market. The region possesses numerous veterinary clinics for animals and pets that hold accountability for the well-being of these animals. Additionally, the presence of qualified veterinaries and the availability of low-cost treatments are major factors in regional growth. Overall, the rise in startup culture for animal welfare, NGO support, and availability of a robust medical infrastructure are some of the growth factors pumping the Asia Pacific market growth.
Key Players Insights
Our market analysis of the veterinary orthopedic implants market also involves a separate section dedicated to major players operating in the market. Our analysts offer an understanding of the financial statements of all the key participants, together with their product portfolio and SWOT analysis. Moreover, the report also offers a competitive landscape chapter, including strategic key development, market share, as well as global market ranking analysis of the players mentioned. Additionally, we offer our clients with leverage to modify the list of players mentioned in our report as a part of our free customization.
Some of the prominent players in the orthopedic implants market are
- Fusion Implants
- B. Braun Vet Care
- KYON Pharma
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