Veterinary Orthopedics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The veterinary orthopedics market is segmented By Type (Implants, Instruments, Screws), By Application and Geography.

Market Snapshot

veterinary orthopedics market overview
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.5 %
veterinary orthopedics market

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Market Overview

The Veterinary Orthopedics market is expected to register a CAGR of 7.5% during the forecast period. This is attributing to the rising number of pet owners & veterinary practitioners, a growing number of government initiatives, increasing incidence of obesity. In addition, increasing the number of animal hospitals and rising demand for effective animal care will also contribute to the revenue growth of the market. As per the American Veterinary Medical Association, in 2017 pet owners in the United States spends around 15 billion on veterinary surgeries and it also said that number of veterinarians has increased from the past years. Moreover, sports activities conducted for pets in the United States will also have a high chance of injuries thus results in promoting the growth of the market. Furthermore, with the growing adoption of pets, technological advancements in veterinary orthopedic devices and increasing government initiatives associated with animals will also fuel the veterinary orthopedics market.

Scope of the Report

As per the scope, Veterinary Orthopedics deals with the diseases and injuries related to bones, joints, ligaments, tendons and others. The veterinary Orthopedics market is Segmented By Type, End-User and Geography.

By Type
Implants
Instruments
Screws
Others
By Application
Total hip replacement
Total knee replacement
Total elbow replacement
Trauma fixation
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Implants segment in Veterinary Orthopedics market is Estimated to Witness a Healthy Growth in Future.

Implants are estimated to witness healthy growth in the future attributed to an increasing number of cases with musculoskeletal injuries or orthopedic in animals. Some of the disorders such as cruciate ligament tears and hip and elbow dysplasia are common and results in need of surgeries which will further promote the growth of implants. Moreover increasing incidences of obesity in animals will also result in high chances of osteoarthritis which further promotes the growth of veterinary orthopedics surgeries. The growing demand of surgeries is the major factor for the segment growth. Furthermore, , an increasing number of companion animals and the rising numbers of animal racing competition is also a key driving factor for veterinary orthopedics implant growth.

 pet orthopedics

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Veterinary Orthopedics market due to increasing pet care expenditure, rising incidences of obesity, technological advancements, presence of major animal players and rising government initiatives. As per the Association for Pet Obesity Prevention (APOP), a report is published, 2017 wherein 56% of dogs and 59 % of cats are found to be obese in the United States. These disorders have a high risk of joint diseases, cancer and chronic diseases which will be leading to propel the growth of the veterinary orthopedics market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

veterinary orthopedics market growth by region

Competitive Landscape

The Veterinary Orthopedics market is fragmented competitive and consists of several major players. Some of the companies which are currently dominating the market are BioMedtrix, LLC , Veterinary Orthopedic Implants, KYON PHARMA, INC., B. Braun Melsungen AG, EVEROST INC, Integra lifesciences, GerMedUSA, and Johnson & Johnson

Major Players

  1. BioMedtrix, LLC

  2. Veterinary Orthopedic Implants

  3. KYON PHARMA, INC.

  4. B. Braun Melsungen AG

  5. Integra lifesciences

BioMedtrix, LLC, Veterinary Orthopedic Implants, KYON PHARMA, INC., B. Braun Melsungen AG, EVEROST INC,  Integra lifesciences,  GerMedUSA, Johnson & Johnson

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Number of Pet Owners & Veterinary Practitioners

      2. 4.2.2 Growing Number of Government Initiatives

      3. 4.2.3 Increasing Incidence of Obesity

    3. 4.3 Market Restraints

      1. 4.3.1 High Surgery and Pet Care Cost

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Implants

      2. 5.1.2 Instruments

      3. 5.1.3 Screws

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Total hip replacement

      2. 5.2.2 Total knee replacement

      3. 5.2.3 Total elbow replacement

      4. 5.2.4 Trauma fixation

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 BioMedtrix, LLC

      2. 6.1.2 Veterinary Orthopedic Implants

      3. 6.1.3 KYON PHARMA, INC.

      4. 6.1.4 B. Braun Melsungen AG

      5. 6.1.5 EVEROST INC

      6. 6.1.6 Integra lifesciences

      7. 6.1.7 GerMedUSA

      8. 6.1.8 Johnson & Johnson

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Frequently Asked Questions

The Veterinary Orthopedics market market is studied from 2018 - 2026.

The Veterinary Orthopedics market is growing at a CAGR of 7.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

BioMedtrix, LLC, Veterinary Orthopedic Implants, KYON PHARMA, INC., B. Braun Melsungen AG, Integra lifesciences are the major companies operating in Veterinary Orthopedics market.

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