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HomePet Industry NewsPet Insurance NewsGrowth of Veterinary Orthopedic Procedures to Boost Demand

Growth of Veterinary Orthopedic Procedures to Boost Demand

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Global Market for Orthopedic Veterinary Implants

Global Market for Orthopedic Veterinary Implants

Global Market for Orthopedic Veterinary Implants

Dublin, June 16, 2023 (WORLD NEWSWIRE) — The “Orthopedic Veterinary Implants: Global Strategic Business Report” report has actually been contributed to Research StudyAndMarkets.com’s offering.

The worldwide market for Orthopedic Veterinary Implants approximated at US$123.9 Million in the year 2022, is predicted to reach a modified size of US$205 Million by 2030, growing at a CAGR of 6.5% over the analysis duration 2022-2030.

Veterinary Bone Plates, among the sections evaluated in the report, is predicted to tape-record a 6.8% CAGR and reach US$81.6 Million by the end of the analysis duration.

Taking into account the continuous post pandemic healing, development in the Screws section is adjusted to a modified 6.1% CAGR for the next 8-year duration.

The U.S. Market is Estimated at $40.6 Million, While China is Forecast to Grow at 8.1% CAGR

The Orthopedic Veterinary Implants market in the U.S. is approximated at US$40.6 Million in the year 2022. China, the world’s second biggest economy, is anticipated to reach a forecasted market size of US$20 Million by the year 2030 tracking a CAGR of 8.1% over the analysis duration 2022 to 2030.

Among the other notable geographical markets are Japan and Canada, each projection to grow at 5.4% and 6.1% respectively over the 2022-2030 duration. Within Europe, Germany is anticipated to grow at roughly 6% CAGR.

Select Competitors (Total 31 Featured) –

  • B. Braun Melsungen AG

  • BioMedtrix, LLC

  • BlueSAO

  • Johnson & Johnson

  • STERIS Animal Health

  • IMEX Veterinary Inc.

  • Innoplant Medizintechnik GmbH

  • Integra LifeSciences Corporation

  • Jindal Medi Surge, Inc.

  • KYON AG

  • Mercury Orthopedics and Design, Inc.

  • New Generation Devices (NGD)

  • Orthomed (UK) Ltd

  • Rita Leibinger GmbH & Co. KG

  • AmerisourceBergen Corporation

  • Veterinary Orthopedic Implants Inc

Key Attributes:

Report Attribute

Details

No. of Pages

198

Forecast Period

2022 – 2030

Estimated Market Value (USD) in 2022

$123.9 Million

Forecasted Market Value (USD) by 2030

$205 Million

Compound Annual Growth Rate

6.5%

Regions Covered

Global

Key Topics Covered:

I. APPROACH

II. EXECUTIVE SUMMARY

1. MARKET SUMMARY

  • Impact of COVID-19 Pandemic and Looming Global Recession

  • 2020 Marked as a Year of Disruption & Transformation

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022

  • Pandemic Disrupts Animal Health Industry

  • Pet Care Industry Faces Challenging Times in the middle of the Pandemic

  • COVID-19 Outbreak Impacts Veterinarian Professionals

  • Orthopedic Veterinary Implants – Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • An Introduction to Veterinary Orthopedic Implants

  • Global Market Prospects & Outlook

  • Developed Regions Lead Global Market, Developing Economies to Spearhead Future Growth

  • Competition

  • World Brands

  • Recent Market Activity

2. CONCENTRATE ON SELECT GAMERS

3. MARKET TRENDS & DRIVERS

  • Growth of Veterinary Orthopedic Procedures to Boost Demand for Orthopedic Implants

  • Rising Incidence of Arthritis & Bone Injuries in Animals Necessitate Orthopedic Procedures, Driving Market Growth

  • Rise in Obesity amongst Animals Raises Need for Orthopedic Surgeries

  • Rising Ownership of Pet and Companion Animals to Positively Impact Market Growth

  • Global Pet Population: Number of Dogs and Cats in Million for the Years 2018 and 2021

  • Global Pet Dog Population: Number of Pet Dogs by Select Countries (in Million) for 2021

  • Global Pet Cat Population: Number of Pet Cats by Select Countries (in Million) for 2021

  • Population of Pet Owners in China: Percentage Share of People Living with Dogs, Cats, Aquatic Animals, Rodents and Reptiles for 2020

  • Pet Humanization Trend to Boost Market Prospects

  • Increase in Animal Healthcare Spending Augurs Well for Veterinary Orthopedic Implants Market

  • Animal Healthcare Market Worldwide: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024

  • Rise in Animal Racing Competitions and Resultant Rise in Injuries Enhances Demand for Implant Procedures

  • Common Injuries in Race Horses: % of Fatal Injuries and % of Non-Fatal Career Ending Injuries (NFCEI) by Injured System

  • Additive Manufacturing Expands Opportunities for Orthopedic Implants

  • Additive Manufacturing of Fracture Fixation Implants

  • The Rise of Bioabsorbable Implants in Veterinary Orthopedic Surgery

  • Technology Advancements and Development of Novel Orthopedic Implants to Boost Market Prospects

  • Proposed BMG Systems to Facilitate Equine Long Bone Fracture Repair

  • Advancements in Orthopedics Promotes Market Prospects

  • Market to Benefit from Expanding Insurance Coverage and Availability of Trained Veterinary Professionals

  • Global Pet Insurance Market by Sales Channels (in %): 2020

  • Challenges Confronting Orthopedic Veterinary Implants Market

4. INTERNATIONAL MARKET POINT OF VIEW

III. MARKET ANALYSIS

IV. COMPETITORS

For more info about this report check out https://www.researchandmarkets.com/r/5c6shg

About Research StudyAndMarkets.com
Research StudyAndMarkets.com is the world’s leading source for worldwide marketing research reports and market information. We supply you with the latest information on worldwide and local markets, essential markets, the leading business, brand-new items and the latest patterns.

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