The Veterinary Orthopedic Implants Market should see a stand-out year in 2020 | Fortune Business Insights(TM)

As per a survey conducted by the American Pet Products Association (APPA), around 68% of the U.S. households own a pet. It is estimated that approximately US$ 75.38 Bn will be spent on animal care in 2019. The growing population of pet owners is a primary factor driving the global veterinary orthopedic implants market. The information is shared by Fortune Business Insights, in a report, titled "Veterinary Orthopedic Implants Market Size, Share and Global Trend By Product Type (Tibial Plateau Levelling Osteotomy Implants, Advanced Locking Plate System, Total Elbow Replacement Implants, Total Knee Replacement Implants), By Application (Bone fractures, Osteoarthritis, Elbow dysplasia, Hip dysplasia, Patellar luxation), By End Users (Veterinary Hospitals, Veterinary Clinics), and Geography Forecast till 2026."

The report covers:

o Global Veterinary Orthopedic Implants Market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast timeframe.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.

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Leading Players operating in the Veterinary Orthopedic Implants Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o DePuy Synthes,
o B. Braun Melsungen AG,
o Fusion Implants,
o Integra LifeSciences,
o Orthomed (UK) Ltd,
o BioMedtrix LLC,
o Veterinary Orthopedic Implants,
o EVEROST INC.,
o KYON Pharma, Inc.

BioMedtrix Partnered with Laboratories Macrimasa-Vet to Increase its Sales and Support New Customers
"The rising incidence of osteoarthritis and bone fractures among animals is likely to augment demand for veterinary orthopedic surgical procedures," stated a lead analyst at Fortune Business Insights. "Pet owners across the world are increasingly becoming aware of the animal health and are willing to spend on surgical interventions, thus increasing the veterinary orthopedic implants market revenue," he added. A veterinary medical device company called Veterinary Orthopedic Implants, Inc. launched a new Elite TPLO plate in June 2018. This plate is available in different sizes and is contoured to match the proximal surface.
Companies are planning to focus on different strategies to strengthen their market foothold. Such strategies are likely to help companies broaden their product portfolio and increase the availability of veterinary orthopedic implants and veterinary medicine globally. For instance, in February 2019, Orthomed UK launched a medium-sized MMP OrthoFoam Wedge to simplify the surgical technique among dogs. This MMP wedge is a revolution of TTA system used for canine cruciate diseases. Biomedtrix announced its collaboration with Laboratories Macrimasa-Vet in January 2019. The collaboration aims at strengthening Biomedtrix's product portfolio and distribution of products such as I-Loc IM Fixator, Universal Hip, and TPLO Curve in Spain.

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Key Segmentation:

By Product Type
o Tibial Plateau Levelling Osteotomy (TPLO) Implants
o Tibial Tuberosity Advancement (TTA) Implants
o Advanced Locking Plate System (ALPS)
o Total Elbow Replacement (TER) Implants
o Total Knee Replacement Implants
o Others
By Application
o Bone fractures
o Osteoarthritis
o Elbow dysplasia
o Hip dysplasia
o Patellar luxation
o Others
By End Users
o Veterinary Hospitals
o Veterinary Clinics
o Others
By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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