Veterinary Orthopedics Market (By Product: Instrument, Screws, Implants, Others; By Application: Total Knee Replacement, Total Hip Replacement, Total Elbow Replacement, Others; By End Use: Hospitals & Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Veterinary Orthopedics market size is expected to be worth around US$ 952.96 million by 2030, according to a new report by Vision Research Reports.

The global Veterinary Orthopedics market size was valued at US$ 501.86 million in 2020 and is anticipated to grow at a CAGR of 10.4% during forecast period 2021 to 2030.

Growth Factors

Growing incidence of pet obesity and arthritis is expected to drive the growth. Moreover, increasing number of veterinary practitioners coupled with rapid technological advancements in veterinary devices are the major factors driving the market. Moreover, high prevalence of pet obesity increases the risk of osteoarthritis, which is expected to propel the market growth in near future.

Moreover, increasing number of veterinary hospitals and surgical procedures are further fueling the veterinary orthopedics market. According to the AAPA report, in U.S. around 20.8 million dogs went through surgery in 2016 and among them 5.8 million had very painful surgeries. The aforementioned reasons are expected to further boost the market growth. For instance, in July 2018, B. Braun Vet Care entered into an agreement with CP Medical to market B. Braun’s veterinary infusion therapy product in U.S. and Canada.

Report Highlights

Implants accounted for the largest market share in 2020, attributed to rise in the number of cases with severe musculoskeletal injuries or orthopedic disorders such as cruciate ligament tears and hip and elbow dysplasia. This led to the need for surgery and thus, implants.

Total knee, hip, and elbow replacement surgeries conducted on animals facilitate pain-free mobility. Plates play an important role in treating orthopedic problems in cats, dogs as well as large animals. Introduction of new and advanced implant designs by key manufacturers is further propelling the growth. These companies are also providing objective data to the surgeons to support longevity, safety, and efficacy of different types of implants.

The others segment includes TTA and TPLO implants. The others segment held the largest market share in 2018, due to several factors such as increased ability to bear weight, minimum and less painful recovery time required, and lesser number of complications associated with the implants.

Total knee replacement and total elbow replacement are also expected to showcase steady growth over the forecast period owing to the increasing number of orthopedic surgeries in canine animals. The total knee replacement segment is also expected to exhibit steady growth over the forecast period. Most animals are referred by veterinarians to undergo total knee replacement post pain rehabilitation. Osteoarthritis is one of the most common causes of knee pain. Other causes include trauma and malformation of the knee joint and cruciate ligament disorders. Animals undergoing the surgery are restored with joint mobility, thereby facilitating reduction in long-term medical management. Total hip replacement is recommended for canines with a weight of five to 170 pounds as well as for felines. This corrective surgery is the only available treatment that facilitates restoration of normalized mobility and prevents hip dysplasia.

Hospitals and clinics led the veterinary orthopedics market in 2020, attributed to rising number of procedures conducted under this facility. Availability of a wide range of treatments and surgeries in these facilities is among high impact rendering growth of this segment. Certain surgeries are only conducted in accredited veterinary hospitals and clinics, which is responsible for increasing the share of this segment.

Others segment includes research centers, emergency facilities, and various animal care centers. This segment is expected to witness lucrative growth over the forecast period owing to the technologically advanced systems under these facilities. Some of these include pet owner mobile technology and efficient information management systems. Moreover, the lucrative growth rate can attributed to increasing R&D investments and funding to develop advanced treatment options. Some of the investments are also done to enhance diagnostic procedure through development of new generation technology for diagnosis of osteoarthritis in companion animals.

Key Players

B.Braun Vet care GmbH; Veterinary Orthopedic Implants; KYON pharma Inc.; and GerMed USA among others. Some new players in the market includes Orthomed; Integra Lifesciences; and Everost Inc. among others.

Market Segmentation

• Product Outlook
• Instrument
• Implants
• Plates
• Compression Plates
• Arthrodesis Plates
• Acetabulum Plates
• Screws
• Others
• Application Outlook 
• Total Knee Replacement
• Total Hip Replacement
• Total Elbow Replacement
• Trauma Fixation
• Others
• End Use Outlook 
• Hospitals & Clinics
• Others
• Regional Outlook 
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa
• Saudi Arabia

The Veterinary Orthopedics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Veterinary Orthopedics market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Veterinary Orthopedics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Veterinary Orthopedics market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Veterinary Orthopedics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Veterinary Orthopedics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Veterinary Orthopedics by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Veterinary Orthopedics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Veterinary Orthopedics market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Veterinary Orthopedics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Veterinary Orthopedics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Veterinary Orthopedics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Veterinary Orthopedics market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Veterinary Orthopedics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Veterinary Orthopedics market. These factors have benefited the growth of the global market for Veterinary Orthopedics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Veterinary Orthopedics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Veterinary Orthopedics are as follows:

• Historic Year: 2017-2020
• Base Year: 2020
• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.