Orthopedic Veterinary Implants Market Segmented By Total Knee Replacement, Total Hip Replacement, Trauma Fixations, Tibial Tuberosity Advancement Implants, Tibial Plateau Leveling Osteotomy Implants, Advanced Locking Plate System, Total Elbow Replacement Type
Industry: Healthcare
Published Date: June-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 132
Report ID: PMRREP22939
The Global Orthopedic Veterinary Implants Market value is projected to exceed US$ 3,539 million by the year 2026 at a CAGR of 9%. The most common cause of lameness and discomfort in animals is an orthopedic illness. Various orthopedic operations for animals are available at several specialist surgical facilities. Stainless steel veterinary orthopedic implants are widely utilized in various veterinary orthopedic surgeries. Veterinary orthopedic implants come in a variety of sizes to accommodate various orthopedic disease indications. The developments in imaging technologies for animals have eased the diagnosis of veterinary orthopedic illnesses, favorably boosting the global veterinary orthopedic implants market. Furthermore, the rising pet owner population and their desire to spend on their health are driving the growth of the global veterinary orthopedic implants market.
| Attribute | Key Insights |
|---|---|
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Orthopedic Veterinary Implants Market Size (2022) |
US$ 2,504.7 Mn |
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Projected Market Value (2026) |
US$ 3,539 Mn |
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Global Market Growth Rate (2022-2026) |
9% CAGR |
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Share in parent market |
7.8% |
The Orthopedic Veterinary Implants Market is expected to have a CAGR of 9% over the forecast period. The major factors driving the growth of the Orthopedic Veterinary Implants market are an increase in the prevalence of orthopedic disorders in animals and the willingness of pet owners to spend on animal health. Apart from this, an increase in the pet parent population and the rising awareness about pet care and animal care are expected to fuel the market growth.
“Increased Prevalence of Orthopedic Problems in Pets”
Obesity is the major cause of joint problems in dogs. This can lead to a variety of orthopedic issues, including arthritis and hip dysplasia pain. In addition, young dogs are more prone to fractures than adults. Furthermore, the increasing awareness about pet care and the willingness of pet parents to spend on veterinary orthopedic procedures is expected to support market growth.
“Improving Veterinary Healthcare Infrastructure”
Increased investment in veterinary healthcare infrastructure to improve pet health is expected to drive market growth. Various governments and non-profit organizations around the world are investing in veterinary healthcare infrastructure. Veterinary facilities are equipped with trained healthcare workers and cutting-edge infrastructure. Furthermore, rising awareness regarding pet and animal healthcare is likely to fuel the growth of the Orthopedic Veterinary Implants Market.
“High Cost of Orthopedic Veterinary Implants”
The cost of veterinary treatments and Orthopedic Veterinary Implants is very high, and there are no reimbursement policies available, therefore this factor is anticipated to hinder the growth of the Orthopedic Veterinary Implants Market in developing and underdeveloped countries.
The Orthopedic Veterinary Implants market is slightly fragmented and consists of significant major players that dominate the market. Major players in the market are emphasizing stronger product portfolios by launching new product line-ups regularly.
| Attribute | Details |
|---|---|
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Forecast Period |
2022-2026 |
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Historical Data Available for |
2013-2021 |
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Market Analysis |
US$ Mn/Bn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
By Product |
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Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
Orthopedic Veterinary Implants Market by By Product type
Orthopedic Veterinary Implants Market By End User
Orthopedic Veterinary Implants Market by Region
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In 2022, the Orthopedic Veterinary Implants Market stands at USD 2,504.7 million, and it is expected to reach USD 3,539 million by 2026 at a CAGR of 9%.
Orthopedic Veterinary Implants Market exhibited a 7.8% CAGR between 2013 and 2021.
High cost of the Orthopedic Veterinary Implants is the key restraint in the Orthopedic Veterinary Implants Market.
Increased prevalence of orthopedic problems and an increase in the awareness about pet care and animal care are the key factors driving the growth of the market.
Vet Implants, KYON Pharma Inc., Everost Inc., BioMedtrix, LLC, and Integra LifeSciences, are among the top players in the market.
