ALBANY, New York, March 17, 2020 /PRNewswire/ -- In the veterinary orthopedic implant market, robust growth is forecasted owing to multiple factors. A prominent reason supporting this growth is an increase in pet ownership. Besides, as pet role expands from playthings to companions, their health is gaining prominence.
As per Transparency Market Research, "From 2018 to 2026, the global veterinary orthopedic implants market will chart growth at 7.1%, compounded annually, pushing the market worth up to USD 0.16 bn. by the end of the stated period. Increase in adoption of companion animals is fueling growth in the market in a major way."
Gain incisive insights and business intelligence on veterinary orthopedic implant market for the period 2018-2026 in the comprehensive research study prepared by Transparency Market Research, Read Detailed TOC of the Report - https://www.transparencymarketresearch.com/report-toc/53937
Key Findings of Global Veterinary Orthopedic Implant Market
- Veterinary plates and screws to dominate market in the product type segment owing to wide use in sports injuries and accidents
- Veterinary Hospital and Clinics to demonstrate significant growth in the end-user segment owing to availability of multiple services, promising quality care
- North America to lay claim to a massive market share over the forecast period owing to a massive increase in pet adoption over the past few years
For a detailed analysis of veterinary orthopedic implant market by product, end-user, and region, visit - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=53937
Key Drivers of Growth in the Global Veterinary Orthopedic Implant Market
Growth in global veterinary orthopedic implant market is an outcome of an interplay between a number of trends and drivers, notes Transparency Market Research. A synopsis is provided below:
- Increase in incidence of pet obesity is leading to multiple health issues, driving demand for orthopedic implants and pain rehabilitation
- Osteoarthritis in pets is on an upward rise; studies suggest obesity might have a role to play
- Growing awareness regarding osteoarthritis in pets will underscore growth in the market over the forecast period
- Significant surge in pet ownership will help global veterinary orthopedic implant market chart a higher growth trajectory
Key Impediments in Growth of Global Veterinary Orthopedic Implant Market
Despite positive projections, certain restrains would hamper growth in the global veterinary orthopedic implant market. As per Transparency Market Research, high cost of surgeries is a notable one. It would impact market penetration, particularly in emerging economies.
Regional Analysis of Global Veterinary Orthopedic Implant Market
- Growing expenditure on pet healthcare, and increasing number of pet owners to help North America be a prominent regional market
- Increase in Research and Development activities, and growth in number of veterinarians to propel growth in European region
- Asia Pacific (APAC) to witness high CAGR owing to rapidly growing trend of pet adoption and increase in livestock population
Analyze veterinary orthopedic implant market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Veterinary Orthopedic Implant Market
- Analysis of Vendor Landscape of global veterinary orthopedic implant market by Transparency Market Research carries a comprehensive profiling of key players
- Key players in the global veterinary orthopedic implant market include B. Braun Melsungen AG, Johnson & Johnson, Veterinary Orthopedic Implants, Inc., BioMedtrix, LLC, KYON Veterinary Surgical Products, IMEX Veterinary, Inc., Orthomed (UK) Ltd, and Securos Surgical
- As per study, synergistic alliances to be key strategic manoeuvre to garner larger market share and better foothold over the forecast period
- Veterinary Plates and Screws
- Joint Replacement Implants
- Hip Replacement Implants
- Knee Replacement Implants
- Veterinary Hospitals and Clinics
- Research Institutes
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Animal Health Care Market - The global animal healthcare market is likely register a revenue of US$41.9 bn by the end of 2019. In terms of product, the market could find feed additives securing a lion's share by the same year. By region, North America is projected to dominate the market with its larger share.
Hip Replacement Implants Market - The global hip replacement implants market was valued at approximately US$ 7.0 Bn in 2017 and is anticipated to expand at a CAGR of over 3.5% from 2018 to 2026 to reach a value of approximately US$ 9.0 Bn by 2026. The global hip replacement implants market is driven by a rise in demand for hip replacement procedures, increase in government expenditure for the advancement of health care, rise in the incidence of trauma/accidental injuries, and increase in the prevalence of hip-related disorders.
Animal Blood Plasma Products and Derivatives Market - The rising demand for these plasma products and derivatives has changed the dynamics of this market, which accounted for US$1.04 bn in 2015. Analysts estimate the opportunity in this market to increase at a CAGR of 7.10% between 2016 and 2024 and reach a value of US$1.92 bn by the end of 2024.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research