At 6.2% CAGR Veterinary Orthopedic Treatment Market to Reach $US 153,612 Million in 2025

The global veterinary orthopedic treatment market is segmented into procedure, animal type and region. Based on procedure, the market is categorized into cruciate ligament tear, patellar luxation, hip dysplasia, elbow dysplasia, bone fracture, and osteoarthritis management. Based on animal type, the market is differentiated into dog, cat, and other animal types. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The global veterinary orthopedic treatment market was valued at $94,708 million in 2017 and is projected to reach $153,612 million at a CAGR of 6.2% from 2018 to 2025. Increase in ownership of companion animals, growth in demand for pet insurance, rise in animal healthcare expenditure, and surge in cases of obesity in pets drive the growth of the veterinary orthopedic treatment market. However, lack of animal health awareness and high cost of surgeries are expected to hamper the market growth. Conversely, advancement in therapeutic and diagnostic products and no requirement of government approvals for veterinary devices are anticipated to provide lucrative growth opportunities for the key players.

List of key players profiled in the report are Adobe Animal Hospital, Allandale Veterinary Hospital, Boca Park Animal Hospital, Broadleys Veterinary Hospital, Goddard Veterinary Group, Mars, Incorporated, Northwest Veterinary Specialists, The Animal Medical Center, School of Veterinary Medicine (University of Pennsylvania) and Upper Canada Animal Hospital.

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Veterinary Orthopedic Treatment Key Market Segments covered in this report: By Procedure (Cruciate Ligament Tear, Patellar Luxation, Hip Dysplasia, Elbow Dysplasia, Bone Fracture and Osteoarthritis Management), By Animal Type (Dog, Cat and other animal types), and By Region (America, Europe, UK, Asia-Pacific and LAMEA)

Related Report:

Veterinary Diagnostics Market by Product (Clinical chemistry, Molecular diagnostics, Haematology, Diagnostic imaging, Immunodiagnostics), by Animals (Companion animals and Food producing animals), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2015-2020)

The Global Veterinary Diagnostics Industry has seen an exemplary shift in the past few years with the emergence of new and technologically advanced products, which had an optimistic impact on the overall growth of the market. Veterinary diagnostic products are as complex as they are difficult to manufacture.

Global market for Immunodiagnostics is expected to grow at a higher CAGR due to the increase in the number of foodborne diseases affecting the animals and the need to perform various tests has increased gradually. In turn, the market for Molecular diagnostics is expected to grow at a higher than that of Immunodiagnostics due to the wide scope it provides over the likes of immunodiagnostics.

VCA Inc., Heska Corporation, Abaxis, Inc., VIRBAC, IDEXX Laboratories, Inc., Life Technologies Corporation, Bio-Rad Laboratories Inc., Prionics AG, and Pfizer, Inc. are some the major companies catering this industry.

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