Canine Orthopedics Market Demand, Growth Analysis Forecast 2022-2028

According to Precision Business Insights (PBI), the latest report, the market value of the canine orthopedics market is expected to be valued at USD 248.5 million in 2022 which is expected to grow at a CAGR of 8.8% over 2022-2028. The primary factors that drive the market are increasing ownership of pet dogs, the presence of key players, increasing acceptance of dog insurance policies, and increasing number of orthopedic surgeries.

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Implant to Dominate the Canine Orthopedics Market:
Based on product type, the implant holds the highest market share. The major factor for the rise of this segment is the increasing prevalence of orthopedic problems in pet animals. Implants are of various types such as plates, screws, and others. Increasing cases of fractures in juvenile pets can drive the growth of the global canine orthopedics market. Apart from this, traumas and cruciform ligament repairs are some of the common processes that require implants which can also drive the growth of the market.

North America Canine Orthopedics Market:
North America, followed by Europe, leads the global canine orthopedics market due to the increasing prevalence of obesity in pets. North America leads the global market due to entrenched healthcare infrastructure for pets, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of canine orthopedics in this region. Apart from this, the major factor that drives the market in this region are increased disorders in pets such as joint and hip problems which require immediate implants.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Canine Orthopedics market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In january 2022, Movora launched a new distribution centre in US for distribution of products including orthopedic implants. In June 2022, TheraVet launched BIOCERA-VET Product which is used to manage osteoarticular disease in pets.

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The canine orthopaedics market is segmented based on, product type, application, end users, and region.
Based on the product type, the market is segmented into the following:
• Instruments
• Implants
• Plates
• Screws
• Other

Based on the application type, the market is segmented into the following:
• TPLO
• TTA
• Joint Replacement
• Trauma
• Others

Based on the end users, the market is segmented into the following:
• Hospitals & Clinics
• Other

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the Canine Orthopedics market report are B. Braun Melsungen AG, Movora, STERIS, DePuy Synthes (Johnson & Johnson), AmerisourceBergen Corporation, Arthrex, Inc., Orthomed (UK) Ltd (Infiniti Medical), Veterinary Instrumentation, Fusion Implants, and Narang Medical Limited.

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