Industry Outlook
Veterinary orthopedic implants market accounted for a market value of US$ 1,882.0 Mn in 2017 and projected to grow at a CAGR of 7.0% during the forecast period from 2018 to 2026. 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 is the rising trend of petting animals in developed as well as developing countries, and high awareness related to veterinary surgeries & trauma care in developed countries. Veterinary orthopedic implants are specifically used in case of a chronic injury that caused the fracture, most of the times this injury is caused due to road accidents, sports accidents, and physical abuse from humans.
Market Synopsis
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"Bioabsorbable plates expected to increase the market growth of 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 growth such as the rising prevalence of orthopedic injuries and diseases in pets, and market entry of bioabsorbable plates expected to increase its adoption over metal plates. The Xorption TTA is a bioabsorbable implant manufactured by EVEROST, Inc. that possess good biocompatibility results. Thus, such products are frequently being launch in the market and anticipated to assist the overall growth of veterinary orthopedic implants.
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"Increasing trend of petting animals in Asia Pacific and high awareness related to veterinary healthcare in pet owners will assist the 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 & 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 that it ranks third globally for dog ownership around 27.4 million pet dogs, while 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 of the animals are at high risk due to which veterinary orthopedic implants market will maintain its growth throughout the forecast period.
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Historical & Forecast Period
The veterinary orthopedic implants market analyzed considering current market trends for base year 2017 and based on future trends CAGRs calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
This report on veterinary orthopedic implants market comprises elaborative analysis along with qualitative and quantitative data associated with the major market dynamics (drivers, opportunities & restraints) assisting or affecting the market along with region-specific and country-specific market trends. Comprehensive information of the global veterinary orthopedic implants market given in the report by segmenting the market based on product type, and geography. The key purpose of publishing this in-depth research study is to assist the industry stakeholders to take crucial business decisions and efficiently implement strategies in the veterinary orthopedic implants market.
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Product Type Segment (2016–2026; US$ Mn)
• Plates
o Compression Plates
o L – Plates
o T – Plates
o Arthrodesis Plates
o Acetabulum Plates
o Bending Iron
o Others
• Screws
• Pins & Wires
• Jigs
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (U.S., Canada)
• Europe (U.K., Germany, Rest of Europe)
• Asia Pacific (Japan, China, South Korea, Rest of APAC)
• Latin America (Brazil, Mexico, Rest of LATAM)
• Middle East and Africa (GCC, Rest of MEA)
|
This report also covers qualitative information related to veterinary orthopedic implants market segments along with key market trends, market drivers, opportunities, and restraints, to attain the actual understanding of global veterinary orthopedic implants market. Furthermore, the key companies investigated in this study 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 answered in this report
- Which is the trending veterinary orthopedic implants type in the market & Why?
- What are the recent market strategies adopted and executed by major market players present in veterinary orthopedic implants market?
- Which are the most attractive markets (regions and countries) dominating and significantly growing throughout the forecast period in 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 veterinary orthopedic implants market and strategies of major companies present in this industry?
