Orthopedic Veterinary Implants Global Market is Projected to Reach $205 Million by 2030: Growth of Veterinary Orthopedic Procedures to Boost Demand


Dublin, June 16, 2023 (GLOBE NEWSWIRE) -- The "Orthopedic Veterinary Implants: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Orthopedic Veterinary Implants estimated at US$123.9 Million in the year 2022, is projected to reach a revised size of US$205 Million by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Veterinary Bone Plates, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$81.6 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Screws segment is readjusted to a revised 6.1% CAGR for the next 8-year period.

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 estimated at US$40.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$20 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 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 AttributeDetails
No. of Pages198
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$123.9 Million
Forecasted Market Value (USD) by 2030$205 Million
Compound Annual Growth Rate6.5%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • 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 amidst 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. FOCUS ON SELECT PLAYERS

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 among 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. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/5c6shg

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Global Market for Orthopedic Veterinary Implants

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