As per this study the Global Veterinary Orthopedic Implant Market was valued USD 370.09 MN (by revenue) in 2021 and is anticipated to reach USD 575.11 MN by 2028 with a CAGR of 6.5%.
Orthopedic implant refers to medical devices used to restore the function of the damaged bone structure. It also acts as support for damaged bone or structure with injured or missing bone. These include screws, plates, pins, rods and others made from surgical stainless steel coated with plastic coating. Orthopedic implants are used in animals in case of bone fracture, arthritis and other orthopedic surgeries.
Market Dynamics
Rising case of pet ownership, growing pet population, increased awareness and spending on animal healthcare are the factors driving the market growth. Rising cases of bone fractures, arthritis, injuries, and other disorders is further fueling the market growth. Rising R&D for development of bio absorbable implant in veterinary orthopedic surgeries is presumed to foster the market demand in forecasting period. Increased cases of traffic accidents, falling from heights, animal fights are further boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of veterinary orthopedic implant.
Market Segmentation
The broad veterinary orthopedic implant market has been sub-grouped into type, application and animal. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Veterinary Bone Plates
- Screws
- Pin, Wires And Staples
- Others
By Application
- Animal Hospital
- Research Institution
- Others
By Animal
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for veterinary orthopedic implant in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Veterinary Orthopedic Implant Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the veterinary orthopedic implant market include B.Braun Vet Care, BioMedtrix, Bluesao, DePuy Synthes Vet, IMEX Veterinary, INNOPLANT Medizintechnik, KYON, MWI Veterinary Supply Co., NGD, Orthomed UK, Scil animal care, Securos Surgical, Sophiatech and Veterinary Orthopedic Implants. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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