Industry Outlook

Veterinary orthopedic implants market accounted for projected to grow at a CAGR of 7.0% during the forecast period from 2023 to 2030. Veterinary healthcare market has grown rapidly in the last decade and is expected to maintain its significant pace in the near future. The major factors responsible for this growth is the rising trend of petting animals in developed as well as developing countries, and high awareness related to veterinary surgeries & trauma care in developed countries. Veterinary orthopedic implants are specifically used in case of a chronic injury that caused the fracture, most of the times this injury is caused due to road accidents, sports accidents, and physical abuse from humans.

"Bioabsorbable plates expected to increase the market growth of veterinary orthopedic market and reduce the market share of metal plates"

During the forecast period from 2023 to 2030, plates accounted for the largest market share in the overall veterinary orthopedic implants market due to key market drivers assisting the market growth such as the rising prevalence of orthopedic injuries and diseases in pets, and market entry of bioabsorbable plates expected to increase its adoption over metal plates. The Xorption TTA is a bioabsorbable implant manufactured by EVEROST, Inc. that possess good biocompatibility results. Thus, such products are frequently being launch in the market and anticipated to assist the overall growth of veterinary orthopedic implants.

"Increasing trend of petting animals in Asia Pacific and high awareness related to veterinary healthcare in pet owners will assist the significant market growth"

The Asia Pacific is the fastest growing veterinary orthopedic implants market due to key driving factors such as increasing humanization of pets in developing & developed countries, increasing adoption of pets coupled with high awareness related to pet healthcare, and supportive activities carried out by government and non-government animal healthcare organizations. China is currently the largest market for pet healthcare and according to the National Bureau of Statistics of China records that it ranks third globally for dog ownership around 27.4 million pet dogs, while U.S. (55.3 million) tops the list and Brazil (35.7 million) owns the second position. Thus, the overall animal healthcare market is growing significantly and due to the rising prevalence of injuries and diseases, most of the animals are at high risk due to which veterinary orthopedic implants market will maintain its growth throughout the forecast period.

This report also covers qualitative information related to veterinary orthopedic implants market segments along with key market trends, market drivers, opportunities, and restraints, to attain the actual understanding of global veterinary orthopedic implants market. Furthermore, the key companies investigated in this study based on major market attributes such as business strength, product portfolio, and the latest market strategies. The report also provides an attractive investment proposition for the detailed geographical research carried out based on PESTEL analysis. Major companies profiled in the report comprise DePuy Synthes, Rita Leibinger GmbH & Co. KG, Everost Inc., MWI Veterinary Supply Co., GPC Medical Ltd., B. Braun Vet Care GmbH, Integra LifeSciences, and BioMedtrix, LLC among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Veterinary Orthopedic Implants market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Veterinary Orthopedic Implants market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Veterinary Orthopedic Implants market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Veterinary Orthopedic Implants market?
• Which is the largest regional market for Veterinary Orthopedic Implants market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Veterinary Orthopedic Implants market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Veterinary Orthopedic Implants market worldwide?