The Veterinary Orthopedic Devices Market Size is valued at 455.8 Million in 2022 and is predicted to reach 826.2 Million by the year 2031 at an 6.9 % CAGR during the forecast period for 2023-2031.
Veterinary orthopedic devices are used to treat several orthopedic conditions, including healing broken bones and joints in animals that might restrict their mobility and cause abnormal movement. Growth in the companion animal population, rising demand for pet insurance, an increasing number of veterinary practitioners in developed economies, and growing disease control & disease prevention measures are some of the key factors driving the veterinary orthopedic devices market. For instance, as per the American Veterinary Medical Association (AMVA), around 110,000 veterinary practitioners were practicing in the U.S in 2017 as compared to around 107,000 in 2016.
Furthermore, increasing ownership of companion animals and the willingness of pet owners to spend on the health of their pets create a considerable demand for orthopedics devices and subsequent market demand. On the other side, the high cost of surgeries and lack of animal health awareness may restrain the market's growth.
Market Segmentation
The Global Veterinary orthopedic devices market is segmented on the basis of product, animal type, end-users, and region. The market is divided into pins, screws, screwdrivers, trocars, veterinary bone plates, and others based on the product. On the basis of animal type, the market is divided into dog, cat, horse, and others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. North America accounted for the largest share of the market in 2019, followed by Europe and the Asia Pacific. On the other hand, the Asia Pacific is projected to have the highest growth rate during the forecast period
Competitive Landscape
Some of The Key Players in The Veterinary Orthopedic Devices Market:
- Orthomed (UK) Ltd
- Securos Europe GmbH
- Veterinary Implants Direct
- scil animal care company GmbH
- NGD (NEW GENERATION DEVICES)
- Jeil Medical Corporation
- Gruppo Bioimpianti
- Eickemeyer Veterinary Equipment Ltd.
- Génia
- Vygon Vet
- KYON AG
- Other Prominent Players
The Veterinary Orthopedic Devices Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 455.8 Million |
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Revenue Forecast In 2031 |
USD 826.2 Million |
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Growth Rate CAGR |
CAGR of 6.9 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million, Volume (Unit), and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, By Animal Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Orthomed (UK) Ltd, Securos Europe GmbH, Veterinary Implants Direct, SCIL animal care company GmbH, NGD (NEW GENERATION DEVICES), Jeil Medical Corporation, Gruppo Bioimpianti, Eickemeyer Veterinary Equipment Ltd., Génia, Vygon Vet, KYON AG, and Others |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
