Dublin, June 16, 2023 (GLOBE NEWSWIRE) -- The "Orthopedic Veterinary Implants: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Orthopedic Veterinary Implants estimated at US$123.9 Million in the year 2022, is projected to reach a revised size of US$205 Million by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.
Veterinary Bone Plates, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$81.6 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Screws segment is readjusted to a revised 6.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $40.6 Million, While China is Forecast to Grow at 8.1% CAGR
The Orthopedic Veterinary Implants market in the U.S. is estimated at US$40.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$20 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Select Competitors (Total 31 Featured) -
- B. Braun Melsungen AG
- BioMedtrix, LLC
- BlueSAO
- Johnson & Johnson
- STERIS Animal Health
- IMEX Veterinary Inc.
- Innoplant Medizintechnik GmbH
- Integra LifeSciences Corporation
- Jindal Medi Surge, Inc.
- KYON AG
- Mercury Orthopedics and Design, Inc.
- New Generation Devices (NGD)
- Orthomed (UK) Ltd
- Rita Leibinger GmbH & Co. KG
- AmerisourceBergen Corporation
- Veterinary Orthopedic Implants Inc
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 198 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $123.9 Million |
| Forecasted Market Value (USD) by 2030 | $205 Million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Pandemic Disrupts Animal Health Industry
- Pet Care Industry Faces Challenging Times amidst the Pandemic
- COVID-19 Outbreak Impacts Veterinarian Professionals
- Orthopedic Veterinary Implants - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Veterinary Orthopedic Implants
- Global Market Prospects & Outlook
- Developed Regions Lead Global Market, Developing Economies to Spearhead Future Growth
- Competition
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growth of Veterinary Orthopedic Procedures to Boost Demand for Orthopedic Implants
- Rising Incidence of Arthritis & Bone Injuries in Animals Necessitate Orthopedic Procedures, Driving Market Growth
- Rise in Obesity among Animals Raises Need for Orthopedic Surgeries
- Rising Ownership of Pet and Companion Animals to Positively Impact Market Growth
- Global Pet Population: Number of Dogs and Cats in Million for the Years 2018 and 2021
- Global Pet Dog Population: Number of Pet Dogs by Select Countries (in Million) for 2021
- Global Pet Cat Population: Number of Pet Cats by Select Countries (in Million) for 2021
- Population of Pet Owners in China: Percentage Share of People Living with Dogs, Cats, Aquatic Animals, Rodents and Reptiles for 2020
- Pet Humanization Trend to Boost Market Prospects
- Increase in Animal Healthcare Spending Augurs Well for Veterinary Orthopedic Implants Market
- Animal Healthcare Market Worldwide: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
- Rise in Animal Racing Competitions and Resultant Rise in Injuries Enhances Demand for Implant Procedures
- Common Injuries in Race Horses: % of Fatal Injuries and % of Non-Fatal Career Ending Injuries (NFCEI) by Injured System
- Additive Manufacturing Expands Opportunities for Orthopedic Implants
- Additive Manufacturing of Fracture Fixation Implants
- The Rise of Bioabsorbable Implants in Veterinary Orthopedic Surgery
- Technology Advancements and Development of Novel Orthopedic Implants to Boost Market Prospects
- Proposed BMG Systems to Facilitate Equine Long Bone Fracture Repair
- Advancements in Orthopedics Promotes Market Prospects
- Market to Benefit from Expanding Insurance Coverage and Availability of Trained Veterinary Professionals
- Global Pet Insurance Market by Sales Channels (in %): 2020
- Challenges Confronting Orthopedic Veterinary Implants Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/5c6shg
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