Veterinary Orthopedic Implants Market to See Booming Growth 2021-2028 | B. Braun Vet Care GmbH, BioMedtrix, LLC, IMEX Veterinary, Inc., Innoplant Medizintechnik GmbH

Global Veterinary Orthopedic Implants Market

Global Veterinary Orthopedic Implants Market, by Product Type (Total Elbow Replacement, Tibial Plateau Leveling Osteotomy Implants, Trauma Fixations, Total Hip Replacement, Tibial Tuberosity Advancement Implants, Total Knee Replacement and Others), by Animal Type (Cat, Dog and Others), by Material (Titanium, Stainless Steel, and Others), by End User (Veterinary Ambulatory Services, Veterinary Hospitals and Veterinary Clinics), and by Region (Latin America, Europe, Asia Pacific, North America, Africa, and Middle East). According to a recent report published by Coherent Market Insights, the market is projected to be worth US$ 255.1 million in 2020, with a CAGR of 5.9% over the forecast period (2020-2027).

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The increasing launch of novel veterinary orthopedic implants by key market players is expected to drive the global veterinary orthopedic implants market development. Orthomed (UK) Ltd, for example, released a medium-sized Modified Maquet Procedure (MMP) OrthoFoam wedge in February 2019. The medium MMP wedge is 30 mm long and has a 7.5 mm advancement, making it suitable for most Springers, Staffies, and similar-sized dogs.

Sophia Locking System, for example, was introduced by Platon Japan Co., Ltd. in October 2019. Increased under-neck resistance and diagonal locking are two new features of this 1.5 screw system.

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Key Takeaways:

Due to product launches, the global veterinary orthopaedic implants market is projected to develop at a CAGR of 5.9% over the forecast period (2020-2027).

Because of the introduction of advanced products in the industry, the Tibial Plateau Leveling Osteotomy Implants segment is projected to hold a significant revenue share in 2027. Veterinary Orthopedic Implants, Inc., for example, released its new Elite tibia-plateau-leveling osteotomy (TPLO) plate in 2018. The anatomical contours of this locking TPLO plate fit the proximal tibial surface. The new Elite TPLO plate comes in a variety of sizes: 1.5, 2.0, 2.4, 2.7, 3.5S, 3.5, 3.5B, and 3.5 JUMBO.

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