The veterinary orthopedic implants market had a market value of US$ 1,882.0 million in 2017 and is expected to grow at a CAGR of 7.0% between 2018 and 2026. The veterinary healthcare market has grown rapidly in the last decade and is expected to maintain its significant pace in the near future. The major factors responsible for this growth are the rising trend of petting animals in developed as well as developing countries and the high awareness related to veterinary surgeries and trauma care in developed countries. Veterinary orthopedic implants are specifically used in cases of a chronic injury that caused the fracture; most of the time, this injury is caused by road accidents, sports accidents, or physical abuse from humans.
Bioabsorbable plates are expected to increase the market growth of the veterinary orthopedic market and reduce the market share of metal plates
During the forecast period from 2018 to 2026, plates accounted for the largest market share in the overall veterinary orthopedic implants market due to key market drivers assisting the market's growth, such as the rising prevalence of orthopedic injuries and diseases in pets and the entry of bioabsorbable plates on the market, which are expected to increase their adoption over metal plates. The Xorption TTA is a bioabsorbable implant manufactured by Everost, Inc. that has good biocompatibility results. Thus, such products are frequently being launched in the market and are anticipated to assist in the overall growth of veterinary orthopedic implants.
A growing trend of petting animals in the Asia Pacific, as well as high awareness of veterinary healthcare among pet owners, will contribute to significant market growth
The Asia Pacific is the fastest-growing veterinary orthopedic implants market due to key driving factors such as increasing humanization of pets in developing and developed countries, increasing adoption of pets coupled with high awareness related to pet healthcare, and supportive activities carried out by government and non-government animal healthcare organizations. China is currently the largest market for pet healthcare, and according to the National Bureau of Statistics of China records, it ranks third globally for dog ownership with around 27.4 million pets, while the U.S. (55.3 million) tops the list and Brazil (35.7 million) owns the second position. Thus, the overall animal healthcare market is growing significantly, and due to the rising prevalence of injuries and diseases, most animals are at high risk, due to which the veterinary orthopedic implants market will maintain its growth throughout the forecast period.
Periods of History and Forecast
The veterinary orthopedic implants market was examined using current market trends for the base year of 2017, and CAGRs were calculated based on future trends for the forecast period of 2018 to 2026.
Report Scope by Segments
This report on the veterinary orthopedic implants market comprises an elaborative analysis along with qualitative and quantitative data associated with the major market dynamics (drivers, opportunities, and restraints) assisting or affecting the market, along with region-specific and country-specific market trends. The report provides comprehensive information on the global veterinary orthopedic implants market by segmenting the market based on product type and geography. The key purpose of publishing this in-depth research study is to assist industry stakeholders in making crucial business decisions and efficiently implementing strategies in the veterinary orthopedic implants market.
This report also covers qualitative information related to veterinary orthopedic implant market segments along with key market trends, market drivers, opportunities, and restraints to attain an actual understanding of the global veterinary orthopedic implants market. Furthermore, the key companies investigated in this study were based on major market attributes such as business strength, product portfolio, and the latest market strategies. The report also provides an attractive investment proposition for the detailed geographical research carried out based on PESTEL analysis. Major companies profiled in the report comprise DePuy Synthes, Rita Leibinger GmbH & Co. KG, Everost Inc., MWI Veterinary Supply Co., GPC Medical Ltd., B. Braun Vet Care GmbH, Integra LifeSciences, and BioMedtrix, LLC, among others.
Key questions are answered in this report.
Which is the trending veterinary orthopedic implant type in the market and why?
What are the recent market strategies adopted and executed by major market players present in the veterinary orthopedic implants market?
Which are the most attractive markets (regions and countries) dominating and significantly growing throughout the forecast period in the veterinary orthopedic implants market?
Which are the major countries contributing to the overall growth of veterinary orthopedic implants in the near future?
How is the global competitive environment in the veterinary orthopedic implants market, as well as the strategy of major players in this industry, shaping up?
Frequently Asked Questions:
The market for Veterinary Orthopedic Implants Market is expected to reach US$ 1,882.0 Mn by 2026.
The Veterinary Orthopedic Implants Market is expected to see significant CAGR growth over the coming years, at 7.0%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
KG, Everost Inc., MWI Veterinary Supply Co., GPC Medical Ltd., B. Braun Vet Care GmbH, Integra LifeScience are some of the major players in the global market.
