Press release
The Orthopedic Veterinary Implants Market to Stay onto the Innovation Curve
Orthopedic Veterinary Implants Market 2022-2030
The Orthopedic Veterinary Implants Market is bound to grow robustly in the years to come. With smart technology and 5G being increasingly adopted, the healthcare vertical is witnessing a paradigm shift. These technologies can thus increase the convenience quotient (CQ), as abysmal disruption happens in the patients' lives. This convenience quotient would be the trend running in the healthcare vertical shortly.
A recent report by Grey2K USA suggests that more than 14,000 injuries were reported at Greyhound racing in the U.S. between 2008 and 2016. These injuries mainly included broken legs, crushed skulls, seizures, paralysis, and broken backs. According to the American Veterinary Medical Association (AVMA), the percent of dogs and cats owned by households is 36.5% and 30.4%, respectively.
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While this clearly depicts the increasing need for medical services and treatment for pets, the demand for orthopedic veterinary implants is set to see remarkable rise in the near future. Increasing focus on pet health insurance is also identified as an important factor driving the market for orthopedic veterinary implants. The global orthopedic veterinary implants market will exhibit a robust CAGR of over 8% during the forecast period (2020 - 2030).
Key Players:
The report has profiled some of the important players prevalent in the global like - Vet Implants, scil animal care company GmbH, KYON Pharma, Inc., Everost Inc., BioMedtrix, LLC, Integra LifeSciences, RITA LEIBINGER MEDICAL GmbH & Co. KG, B.Braun Melsungen AG, DePuy Synthes (Sub. Johnson & Johnson Services, Inc.), Intrauma S.p.A., Surgical Holdings, Ortho Max Manufacturing Company Pvt. Ltd. Novartis AG and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Orthopedic Veterinary Implants Market.
Key Takeaways - Orthopedic Veterinary Implants Market Study
Accounting for over a fourth of market value shares, tibial plateau levelling osteotomy (TPLO) implants will remain the most preferred product type owing to their ability to stabilize the stifle joint after rupture of cranial cruciate ligament.
Trauma fixations with the application of intramedullary nails, bone plates, and bone screws are extensively used for the treatment of bone fractures.
Increased availability of veterinary practitioners, rise in surgical procedures, and heightened number of injuries in pets are factors expected to increase the number of visits to pet clinics and hospitals.
North America is expected to be significant revenue generator in the orthopedic veterinary implants market owing to increase in number of surgical procedures arising from obesity-related diseases such as arthritis and sports-related dislocation of hips and bones.
Significant product launches are boosting the orthopedic veterinary implants market growth.
For instance, in October 2019, Veterinary Orthopedic Implants launched HyProtect antimicrobial coated implants.
Innovative product specifications and rise in pet care expenditure for surgical procedures are significantly favoring market growth and is expected to provide lucrative opportunities to manufacturers during the forecast period.
Strategic Partnerships - Winning Imperative for Market Participants
Manufacturers in emerging countries are focusing on strategic collaboration or alliance with regional players as well as local distributors to increase their footprint. For example, BioMedtrix collaborated with Laboratorios Macrimasa-Vet in January 2019 for distribution of its TPLO Curve, Universal Hip (including Micro & Nano Hip), I-Loc IM Fixator in Spain.
In March 2016, DePuy Synthes (part of the Johnson & Johnson) entered into an exclusive strategic alliance with Value Stream Partners, LLC to design, develop and implement programs for hip and knee replacements.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Orthopedic Veterinary Implants Market Manufacturers
Orthopedic Veterinary Implants Market Distributors/Traders/Wholesalers
Orthopedic Veterinary Implants Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Orthopedic Veterinary Implants Market - Report Highlights
A detailed overview of parent market of Orthopedic Veterinary Implants Market
Changing Orthopedic Veterinary Implants Market dynamics in the industry
In-depth segmentation of the Orthopedic Veterinary Implants Market
Historical, current, and projected Orthopedic Veterinary Implants Market size regarding volume and value
Recent industry trends and developments in Orthopedic Veterinary Implants Market
Competitive landscape of the Orthopedic Veterinary Implants Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Orthopedic Veterinary Implants Market performance
Must-have information for Orthopedic Veterinary Implants Market players to sustain and enhance their market footprint
Key Questions Answered in the Orthopedic Veterinary Implants Market Report
How is the Orthopedic Veterinary Implants Market expected to grow over the projected period?
What direction is the Orthopedic Veterinary Implants Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Orthopedic Veterinary Implants Market in future?
What are the key market drivers in the Orthopedic Veterinary Implants Market?
What are significant opportunities and improvement areas for Orthopedic Veterinary Implants Market manufacturers?
What are the key developments and trends taking over the Orthopedic Veterinary Implants Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Orthopedic Veterinary Implants Market?
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