The Global Veterinary Orthopedic Implants Market is expected to reach USD 95 million in 2018 and expected to grow at a CAGR of 6.8% during the forecast period. According to the Association for Pet Obesity Prevention, 54% of dogs and 59% of cats within the U.S. suffered from overweight or obesity in 2016, which can cause some sort of orthopedic disease in them. Moreover, key players within the market are involved in strategic partnerships and collaborations, so as to expand their presence in a large geographical area. Such factors enhance the expansion of the market.
The veterinary orthopedic implants market is going to witness an upsurge in its business due to various driving factors; the chief factor being the increased number of companion animals including horses & service animals and pet animals. The rise in the animal racing competitions has also boosted the veterinary orthopedic implants market.
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Key Factors Impacting the Growth of Veterinary Orthopedic Implants Market:
- A growing number of companion animals.
- The growing fame of animal sports like racing, racing, rodeos, and illegitimate sports.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. MWI Veterinary Supply Co.
2. DePuy Synthes
3. GPC Medical Ltd.
4. Rita Leibinger GmbH & Co. KG
5. B. Braun Vet Care GmbH
The population of companion animals like cats and dogs has witness a rapid increase in the past decade moreover the willingness of the owners to spend on the health of their pets is expected to drive revenue growth of the veterinary orthopedic implants market over the forecast period.
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.
Regional Outlook:
North America is estimated to be the leading market within the global veterinary orthopedic implants market in 2018. The rising number of households owning companion animals within the U.S. and growing healthcare expenditure on companion animals is predicted to propel the growth of the veterinary orthopedic implants during this region. Europe is estimated to be the second most lucrative marketplace for veterinary orthopedic implants manufacturers.
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The Asia Pacific is predicted to witness high growth within the veterinary orthopedic implants market due to a growing number of veterinary hospitals and clinics. Latin America and MEA regions also are expected to witness high revenue growth over the forecast period due to growing public expenditure in veterinary hospitals aimed towards affordable healthcare for livestock.
Market Segmentation:
Based on the Product Type
- Plates
- Screws
- Jigs
- Pins & Wires
- Others
Based on the Application
- Veterinary Hospitals
- Veterinary Clinics
Reasons to Buy This Report:
- Market size estimation of the veterinary orthopedic implants market on a regional and global basis
- Unique research Usage for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
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Veterinary Orthopedic Implants Market:WiseGuyReports.com adds “Global Veterinary Orthopedic Implants Market Size, Status and Forecast 2020-2026” reports to its database.Executive SummaryThe veterinary orthopedic implants market consists of sales of veterinary orthopedic implants and related services.
Veterinary orthopedic implants are used by veterinary surgeons for bone fixation surgeries, treating bone fractures in animals and are usually made of metals like pure commercial titanium (Ti) or titanium alloys, stainless steel, cobalt-chromium (Co-Cr) alloys.
It is expected to grow at a compound annual growth rate (CAGR) of 7.64% and reach $131.71 million by 2023.The veterinary orthopedic implants market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa.
North America is expected to be the largest for the period 2019-2025.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5272801-veterinary-orthopedic-implants-market-global-report-2020-30The veterinary orthopaedic implants market covered in this report is segmented by product type into advanced locking plate system, tibial plateau leveling osteotomy implants, tibial tuberosity advancement implants, total elbow replacement, total hip replacement, total knee replacement, trauma fixations.
Obesity is a condition where the weight of the pet affects the pet's health to a point where it results in weakening of bones, whereas arthritis in pets results in loss of strength in bones.
Obesity and arthritis may also result in fractures and other bone-joint related issues and both the conditions result in adversely affecting the overall health of the pet, consequently leading to shorten lifespan.
Veterinary Orthopedic Implants Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the veterinary orthopedic implants industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected veterinary orthopedic implants market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/veterinary-orthopedic-implants-market-global-report The Veterinary Orthopedic Implants Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global veterinary orthopedic implants market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The Veterinary Orthopedic Implants Global Market Report 2021 covers veterinary orthopedic implants market drivers, veterinary orthopedic implants market trends, veterinary orthopedic implants market growth rate, veterinary orthopedic implants market major players, player-adopted strategies in the market, and veterinary orthopedic implants market size.
The global veterinary orthopedic implants market is expected to grow from $0.09 billion in 2020 to $0.1 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%.
