Global Veterinary Orthopedic Implant Market Report 2019: Market Foreseen To Reach USD 137.5 MN By 2025
Posted On November 04, 2019
A report published by Value Market Research; a market research company, announces that the Global Veterinary Orthopedic Implant Market which had a market value of USD 85.6 MN in 2018 has been projected to attain USD 137.5 MN by 2025 along with a CAGR of 7% between 2019 and 2025. Animals suffer from several orthopedic conditions which affect their bones, joints and tissues leading to abnormality in their movement. The treatment of these conditions requires various types of surgical procedures, implants and drugs in case of severe cases. The rise in animal racing competitions, animal adoption rates, increase in the number of veterinary doctors and healthcare centres has further led to the growth of the global veterinary orthopedic implant market. The transition from the traditional invasive techniques to minimal invasive techniques and the innovation and growth of veterinary healthcare ventures has progressively impacted the growth of the veterinary orthopedic implant market.
Orthopedic implants are devices that are used to replace or provide support to the damaged bones or joints. They are assembled using materials such as stainless steel and titanium alloys to provide strength and plastic coatings which serve the purpose of artificial cartilages. Orthopedic implants are also used widely in the joint replacement surgery which involves the removal of the damaged joint with a brand-new joint called prosthesis.
The report “Global Veterinary Orthopedic Implant Market Report By Type (Veterinary Bone Plates, Screws, Pin, Wires And Staples And Others), By Application (Animal Hospital, Research Institution, And Others), By Animal (Dog, Cat And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2017-2024” covers the forecast and analysis for the veterinary orthopedic implants systems market on a global and regional level along with an in-depth view of the competitive outlook and potential growth opportunities.
The global veterinary orthopedic implant market has been segmented by type into Veterinary Bone Plates, Screws, Pins, Wires and Staples out of which it has been established that Veterinary Bone Plates is the leading segment owing to its wide-usage in sport injuries and accidents.
By application the global veterinary orthopedic implant market has been categorised into Animal Hospitals and Research Institutions where Animal Hospitals are the leading category application-wise. This lead can be attributed to the emergence of multiple service options, new devices and tie-ups with healthcare companies in order to enhance health care and services.
The Global Veterinary Orthopedic Implant Market is differentiated based on animal type as dog, cat and other animals out of which dogs are the animals that are identified as the prominent species that require the services of the Global Veterinary Orthopedic Market.
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa are the regions that are involved in the analysis on the Global Veterinary Orthopedic Implant Market and North America has been recognised as the leading segment regionally on the basis of the study that has been conducted owing to high amount of adoption of companion animals, an increase in expenditure on pets and ever-increasing amount of veterinary hospitals and healthcare clinics in the region.
The Report Segments Global Veterinary Orthopedic Implant Market –
Veterinary Bone Plates
Pin, Wires And Staples
Middle East & Africa
Players Profiled In The Report:
B.Braun Vet Care, BioMedtrix, Bluesao, DePuySynthes Vet, IMEX Veterinary, Innoplant Medizintechnik, KYON, MWI Veterinary Supply Co., Orthomed UK, Scil animal care and Securos Surgical, Sophiatech and Veterinary Orthopedic Implants are listed as the key players of the Global Veterinary Orthopedic Implant Market.
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