Description

Veterinary Orthopedics Market Dynamics

 

The market is driven by increase in adaptation of pets and growing animal health expenditure worldwide. In addition, advancements in veterinary orthopedic devices and growing animal sports like horse racing is expected to boost the market over the forecast period. Moreover, the initiatives such as “One Health” to collaborate the physicians, osteopathic physicians, dentists, veterinarians, nurses and other scientific-health and environmentally related discipline are promoting the innovations in all healthcare segments, projected to positively affect the growth of the market during the forecast period. Furthermore, technologies such as 3D printing of animal implants and other novel technologies expected to boost market growth. However, high cost of the devices and surgeries are expected to hamper the market growth over the forecast period.

 

Market Scope: Global Veterinary Orthopedics Market

 

The Market is segmented based on type, end user and geography

By type

By end user

  • Veterinary Hospitals
  • Veterinary Clinics
  • Others

By region,

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa (MEA)

 

Regional Analysis: Global Veterinary Orthopedics Implants Market

North America veterinary orthopedic devices market is anticipated to grow at significant rate owing to increase in animal adaptation rates in households and owners willing to spend on animal health. According to the American Pet Product Association (APPA) about 68% of the U.S. households has companion animals in 2016 and showing continuous growth from past years. Europe veterinary orthopedics market is expected to have the notable growth rate owing to the presence of key market players, new product launches and growing number and growing pet care insurance in the region. Asia Pacific veterinary orthopedic devices market is projected to have lucrative growth opportunity over the forecast period due to the increase in adaptation of animals and disposable income.

 

Competition Assessment:

  • Braun Holding GmbH & Co. KG (Germany)
  • Veterinary Orthopedic Implants, Inc. (U.S.)
  • Johnson &Johnson (DePuySynthes) (U.S.)
  • IMEX Veterinary, Inc. (U.S.)
  • BioMedtrix (U.S.)
  • KönigseeImplantate GmbH (Germany)
  • Everost (U.S.)

 

Notable Market Developments:

  • In March 2012, Integra Life sciences launched the Integra Miltex veterinary orthopedic line which includes screws, plates, lateral suturing products and instruments that used in repair of ligaments and broken or fractured bones in pet animals.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2019) and forecast (2020 to 2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

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