Veterinary Orthopedic Implants Market 2020 Size, Status Analysis -H KYON Pharma, Inc., Veterinary Orthopedic Implants Inc., BioMedtrix, LLC

This report on the global Veterinary Orthopedic Implants Market Research Report 2020 is detailed research that helps answer business questions related to competitive intelligence, market analysis, and market trends. It also highlights each of the prominent factors responsible for the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.

According to the study, the global veterinary orthopedic implants market was worth $98.11 million in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.64% and reach $131.71 million by 2023.

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Key Players:

H KYON Pharma, Inc., Veterinary Orthopedic Implants Inc., BioMedtrix, LLC, IMEX Veterinary Inc., Orthomed (UK) Ltd, Securos Surgical, B.Braun Vet Care, Bluesao and DePuy Synthes Vet, request sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

The veterinary orthopedic implants market consists of sales of veterinary orthopedic implants and related services. Veterinary orthopedic implants are used by veterinary surgeons for bone fixation surgeries, treating bone fractures in animals and are usually made of metals like pure commercial titanium (Ti) or titanium alloys, stainless steel, cobalt-chromium (Co-Cr) alloys. The orthopedic implants are also used as a support structure for healing fractures and reconstructive surgeries. Orthopedic implants include screws, plates, pins, and wires which are used in the surgeries performed on animals.

The veterinary orthopedic implants market covered in this report is segmented by product type into advanced locking plate system, tibial plateau leveling osteotomy implants, tibial tuberosity advancement implants, total elbow replacement, total hip replacement, total knee replacement, trauma fixations. It is also segmented by animals into dog, cat, others, and by end-user into veterinary hospitals, veterinary clinics, veterinary surgical centers.

The increase in the incidence of obesity and arthritis increases the demand for veterinary orthopedic implants market. Obesity is a condition where the weight of the pet affects the pet's health to a point where it results in weakening of bones, whereas arthritis in pets results in loss of strength in bones. Obesity and arthritis may also result in fractures and other bone-joint related issues and both the conditions result in adversely affecting the overall health of the pet, consequently leading to shortening lifespan. Thus, the increase in incidents of obesity and arthritis increases the demand for veterinary orthopedic implants. As reported by Banfield Pet Hospital in the U.S, in 2017, 31 per 100 cases suffered from obesity and 450 per 10,000 suffered from arthritis in dogs. Further, 34 per 100 cases suffered from obesity and 90 per 10,000 suffered from arthritis in cats. Thus, the increase in health conditions affecting the bones of pets such as obesity and arthritis positively affects the growth of the veterinary orthopedic market.

The high cost of orthopedic surgery inhibits the growth of the veterinary orthopedic implants market. The surgery cost includes the equipment, X-ray, and consumables among others, which many of the households cannot afford. For instance, in the USA, a typical examination of the problem costs around $400 and the cost of orthopedic surgery ranges from $1,500 to $4,000. Thus, the high cost of orthopedic surgery restricts the growth of the veterinary orthopedic market.

Markets Covered:

1) By Product Type: Advanced Locking Plate System; Tibial Plateau Leveling Osteotomy Implants; Tibial Tuberosity Advancement Implants; Total Elbow Replacement; Total Hip Replacement; Total Knee Replacement; Trauma Fixations;
2) By Animal: Dog; Cat; Others;
3) By End-User: Veterinary Hospitals; Veterinary Clinics; Veterinary Surgical Centers

Market Segment by Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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