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According to the latest report published by Credence Research, Inc. "Veterinary Orthopedic Implants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026," the market for veterinary orthopedic implants was valued at USD 1,882.0 million in 2017 and is expected to reach USD 3,482.4 million by 2026, expanding at a CAGR of 7.0 percent from 2018 to 2026.Market Insights
Pet population has grown significantly since a decade due to which demand for veterinary orthopedic implants is increasing due to trauma injuries and diseases. Dogs and cats have been the most common pets in every household. However, demand for veterinary orthopedic implants is also high in other animals such as buffalo, cows, and horse. Currently, in veterinary treatment the majority of implants are made of metal and present for lifetime due to which these animals have short lifespan. In rare cases, metal implants are removed during veterinary treatment due to complications such as infection, tissue damage, or loosening. However, in tibial tuberosity advancement (TTA) procedures, bioabsorbable veterinary implants are being introduced on the market recently. Bioabsorbable implants are expected to support the overall growth of the market for veterinary implants in the near future, according to market experts.
Browse the full report Veterinary Orthopedic Implants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/veterinary-orthopedic-implants-market
In year 2017, plates segment dominated the market due to key driving factor such as increasing trauma injuries to long bones in animals can be treated with plates because they give more stability and support. Key factors responsible for the growth of overall veterinary orthopedic implants are rising cases of veterinary orthopedic trauma injury, increasing trend in petting animals, and supportive veterinary health insurance policies in developed and developing countries.
North America was identified as the largest veterinary orthopedic implants market due to key driving factors such as increasing number of pet population, organized pet health insurance policies, and high awareness related to veterinary treatment in pet owners. Demand for skilled veterinary practitioners is also increasing which is depicts the overall potential of veterinary treatment market in the near future. According to the North American Pet Health Insurance Association (NAPHIA), North America’s pet health insurance sector experienced growth in 2017 gross written premium of policies reached US$ 1.2 billion which was recorded as a 23% increase compared to 2016.
Market Competition Assessment:
The growth of veterinary orthopedic implants is at significant pace as the demand for veterinary orthopedic implants is increasing and competition in overall market is at peak due to market entry of companies with novel products. The key veterinary orthopedic implant manufacturers present in the market are DePuy Synthes, Rita Leibinger GmbH & Co. KG, Everost Inc., MWI Veterinary Supply Co., GPC Medical Ltd., B. Braun Vet Care GmbH, Integra LifeSciences, and BioMedtrix, LLC among others.
Key Market Movements:
Rising cases of trauma injuries and prevalence of orthopedic diseases is expected to increase the demand for veterinary orthopedic implants market
Incessant technological developments in the veterinary orthopedic implants due to mounting demand of efficient veterinary orthopedic implants and prevent post-surgery complications in animals
Bioabsorbable implants will assist the overall growth of the market throughout the forecast period due to presence of several advantages over metal implants
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ToC:
Chapter 1. Preface
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Chapter 2. Executive Summary
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Chapter 3. Global Veterinary Orthopedic Implants Market: Market Dynamics and Future Outlook
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Chapter 4. Global Veterinary Orthopedic Implants Market, by Type of Product, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Plates
4.2.1. Compression Plates
4.2.2. L – Plates
4.2.3. T – Plates
4.2.4. Arthrodesis Plates
4.2.5. Acetabulum Plates
4.2.6. Bending Iron
4.2.7. Others
4.3. Screws
4.4. Pins & Wires
4.5. Jigs
Chapter 5. Global Veterinary Orthopedic Implants Market, by Geography, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. North America Veterinary Orthopedic Implants Market Analysis, 2016 – 2026
5.2.1. North America Veterinary Orthopedic Implants Market, by Type of Product, 2016–2026 (US$ Mn)
5.2.2. North America Veterinary Orthopedic Implants Market, by Country, 2016 – 2026 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe Veterinary Orthopedic Implants Market Analysis, 2016 – 2026
5.3.1. Europe Veterinary Orthopedic Implants Market, by Type of Product, 2016–2026 (US$ Mn)
5.3.2. Europe Veterinary Orthopedic Implants Market, by Country, 2016 – 2026 (US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Rest of Europe
5.4. Asia Pacific Veterinary Orthopedic Implants Market Analysis, 2016 – 2026
5.4.1. Asia Pacific Veterinary Orthopedic Implants Market, by Type of Product, 2016–2026 (US$ Mn)
5.4.2. Asia Pacific Veterinary Orthopedic Implants Market, by Country, 2016 – 2026 (US$ Mn)
5.4.2.1. Japan
5.4.2.2. China
5.4.2.3. Rest of APAC
5.5. Latin America Veterinary Orthopedic Implants Market Analysis, 2016 – 2026
5.5.1. Latin America Veterinary Orthopedic Implants Market, by Type of Product, 2016–2026 (US$ Mn)
5.5.2. Latin America Veterinary Orthopedic Implants Market, by Country, 2016 – 2026 (US$ Mn)
5.5.2.1. Brazil
5.5.2.2. Mexico
5.5.2.3. Rest of Latin America
5.6. Middle East & Africa (MEA) Veterinary Orthopedic Implants Market Analysis, 2016 – 2026
5.6.1. Middle East & Africa Veterinary Orthopedic Implants Market, by Type of Product, 2016–2026 (US$ Mn)
5.6.2. Middle East & Africa Veterinary Orthopedic Implants Market, by Region, 2016 – 2026 (US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA
Chapter 6. Company Profiles
6.1. MWI Veterinary Supply Co.
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. Key Developments
6.2. DePuy Synthes
6.3. GPC Medical Ltd.
6.4. Rita Leibinger GmbH & Co. KG
6.5. B. Braun Vet Care GmbH
6.6. Scil animal care
6.7. IMEX Veterinary
6.8. Orthomed UK
6.9. Sophiatech
6.10. INNOPLANT Medizintechnik
6.11. BioMedtrix
Browse the full report Veterinary Orthopedic Implants Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/veterinary-orthopedic-implants-market
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