What is Veterinary Orthopedic Devices Market Scope?
Orthopedic implants are used to treat numerous orthopedical conditions like healing broken bones and joints. With a growing variety of individuals owning companion animals the demand for the veterinary market is growing quickly. Individuals are willing to pay a lot on the health of their pets that is strengthening the demand for merchandise used for the health and well-being of the animals. Pet animals like dogs and cats typically suffer from fractures because of vehicular trauma, fights, and sports injuries. Even if injuries in animals heal quickly, within the case of broken bones orthopedical surgeries are needed for healing the bones. Depending on the type of fracture vets select the treatment type and implants. With growing approvals for orthopedical implants for animals, the veterinary orthopedical implants market is anticipated to witness enticing opportunities. With a growing variety of companion animals, the demand for veterinary orthopedical implants is anticipated to grow quickly. The growing fame of the animal sports like racing, greyhound racing, rodeos, and illegitimate sports like dog fighting and bullfighting is anticipated to extend the number of cases of orthopedical injuries in animals and successively propel the demand for orthopedical implants.
Veterinary Orthopedic Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increased Cases of Arthritis and Obesity
- Growing Number of Animal Races
- Increasing Disposable Income on the Animals
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Influencing Trends | - Increasing Adoption of the Devices for Better and Quick Results
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Restraints | - High Cost of the Orthopedic Devices
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Road Blocks / Challenges | |
Gaps & Opportunities | - The Increasing Advancement and Innovations
- Increased Research for the New Products
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The Veterinary Orthopedic Devices market study is being classified by Type (Plates [Cuttable plates, Self-compression plates, Limited contact decompression plates, Reconstruction plates, T-plates with or without curved heads, Arthrodesis plates, Acetabulum plates, Phillips plates], Screws, Jigs, Pins & Wires and Others), by Application and major geographies with country level break-up.
According to AMA, the Global Veterinary Orthopedic Devices market is expected to see growth rate of 7.2% and may see market size of USD3239.0 Million by 2027.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Veterinary Orthopedic Devices market throughout the predicted period.
MWI Veterinary Supply Co. (United States), DePuy Synthes (United States), GPC Medical Ltd. (India), Rita Leibinger GmbH & Co. KG (Germany), B. Braun Vet Care GmbH (Germany), Infiniti Medical (United States), Orthomed Ltd (United Kingdom), BioMedtrix, LLC, Veterinary Orthopedic Implants, Kyon Pharma INC (Switzerland) and Integra Lifesciences are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Veterinary Orthopedic Devices market by Type, Application and Region.
On the basis of geography, the market of Veterinary Orthopedic Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In 2019, Infiniti Medical, a USA based designer and distributor of medical devices for the veterinary market, acquired Orthomed Ltd. Through the acquisition, Infiniti Medical aims to expand its product portfolio by adding products and services from Orthomed. Orthomed Ltd is a UK-based provider of orthopedic products and systems in the veterinary industry. and On 16th April 2021, A Movora company joined the Vimian company. Vimian is a global and fast-growing group of innovation-driven companies that share a passion for making a positive impact through improving animal health. The two companies would bring a lot more in the Veterinary Orthopedic Devices market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Veterinary Orthopedic Devices, Suppliers and Distributors of Veterinary Orthopedic Devices, Venture Capitalists and Private Equity Firms and End-Use Industry
Veterinary Orthopedic Devices Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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