New Study : Global Veterinary Orthopedic Treatment Market (2025) - Adobe Animal Hospital, Allandale Veterinary Hospital, Boca Park Animal Hospital, Broadleys Veterinary Hospital and Other Top Key Players Included

"Veterinary Orthopedic Treatment Market by Procedure and Animal Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025", According to a new report published by Allied Market Research. 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.

Orthopedic conditions affect the bones, joints, or muscles of an animal and cause delirium, limited mobility, instability, and abnormal movements. Veterinary orthopedic conditions such as hip dyspepsia, cruciate ligament tears, and others are treated with certain medications for pain management and surgery. Treatment procedures also include the use of various devices.

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Growth of the world's veterinary orthopedic treatment market is accelerating due to increased ownership of companion animals, increased demand for pet insurance, increased animal health spending, and increased obesity in pets. However, the cost of surgery is high and there is a lack of awareness of animal health, which hinders market growth. Conversely, it provides growth opportunities for key personnel without the development of therapeutic and diagnostic products and government approval requirements for animal devices.

Elbow-forming disorders accounted for the largest portion in 2017 due to increased ownership of companion animals and increased accidental pet trauma. In addition, the fracture sector is expected to have the highest average annual growth rate from 2018 to 2025 and is expected to continue to dominate over the forecast period.

On the basis of animal type dog segment accounted for the largest share in 2017, owing to increase in ownership of dogs as pets globally. Furthermore, the cat segment is expected to grow at the highest CAGR from 2018 to 2025.

Based on region, North America occupied the largest share in 2017 and is expected to provide lucrative market opportunities during the forecast period.

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Key findings of the Veterinary Orthopedic Treatment Market :

• The elbow dysplasia segment accounted for more than one-fourth share of the global veterinary orthopedic treatment market in 2017.
• The cat segment is expected to grow at highest CAGR of 7.5% from 2017 to 2025.
• The dog segment accounted for more than three-fourths share of the global veterinary orthopedic treatment market in 2017.
• North America accounted for one-third share of the global market in 2017.
• LAMEA is expected to provide lucrative market growth opportunities from 2017 to 2025.

North America was the leading revenue contributor to the global veterinary orthopedic treatment market in 2017 and is expected to dominate the market during the forecast period. This is attributed to increase in obesity among pets in this region. However, Asia-Pacific is expected to grow at the highest CAGR of 6.8% during the study period, due to rise in ownership of companion animals in countries such as China and Australia.

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