Global Orthopedic Veterinary Implants Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Orthopedic Veterinary Implants market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Orthopedic Veterinary Implants Market is valued at USD 93.8 Million in 2018 and expected to reach USD 153.1 Million by 2025 with the CAGR of 7.3% over the forecast period. Rising Adoption Rate of Pet Animals and Awareness Regarding Advanced Veterinary Techniques are the Key Factors Driving for the Growth of Orthopedic Veterinary Implants Market
Scope of Orthopedic Veterinary Implants Market Report:
Orthopedic implants are the branch of medicine that are used to treat disorders related to bones and joints. Rising pet ownership is the key driving factor to increase the number of veterinary hospitals, clinics, and centers which indirectly boosting the market growth of orthopedic veterinary implants market. Moreover, rising disposable income increase the spending on animals health by the pet owners which support the demand for veterinary products used for the well-being of the animals. Pet animals such cats, and dogs generally have fractures due to fights, trauma because of vehicles, and sports injuries which increase the demand for orthopedic based treatment and are increasing the growth for orthopedic veterinary implants market. Nowadays, animals sports are very trending which leads to a sports injury. Although animalâ€™s injuries heal quickly, however, for some cases of broken bones required surgeries for healing. Depending on the type of fracture implants and treatment type are decided on. Growing animalâ€™s orthopedic implants approvals will increase the growth of the market which is expected to rise at a high rate over the forecast years.
According to the American Pet Product Association (APPA), in the U.S. around 94-95 Mn households owned cats in 2017 as compared to 70-71 Mn in 2000.
Likewise, the dog population has increased from 21-22 Mn in 2000 to 89-90 Mn in 2017. According to the survey conducted by the Animal Health Europe Survey in 2017, between 2012 and 2016 around 9-10% of pet animals population has been increased in the Europe region. This growing adoption rate of pet animals is one of the key factors driving the growth of the veterinary orthopedic implant market. Additionally, the growing popularity of animal sports like dog or bullfighting, horse or greyhound racing is likely to upsurge the orthopedic injuries in animals which expected to boost the veterinary orthopedic implants market.
However, the high-cost surgeries may hinder the market growth of veterinary orthopedic implants especially, in undeveloped and emerging regions. Orthopedic veterinary implants market report is segmented on the basis of product type, end-user, and region & country level. Based upon product type, orthopedic veterinary implants market is classified into advanced locking plate system, tibial plateau leveling osteotomy implants, tibial tuberosity advancement implants, total elbow replacement, total hip replacement, total knee replacement, and trauma fixations. On the basis of end-user, market is classified into veterinary hospitals, veterinary clinics, veterinary surgical centers, and others.
The regions covered in this Orthopedic Veterinary Implants market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Orthopedic Veterinary Implants is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Orthopedic Veterinary Implants Market Report- The major players operating in the orthopedic veterinary implants market are Johnson & Johnson, B. Braun Melsungen AG, BioMedtrix, LLC, Veterinary Orthopedic Implants, Inc., KYON Veterinary Surgical Products, Inc., Orthomed (UK) Ltd, IMEX Veterinary, Securos Surgical, Integra lifesciences, and Others
Increasing Number of Companion Animal Population is the Major Driving Factors for the Growth of this Market- The rising number of companion animals such as domestic pets like cats, dogs, hamsters, horses, cows, and other service animals is growing rapidly, worldwide. The increasing adoption of pet animals is expected to fuel market growth over the forecast years. Moreover, rising awareness among owners regarding the maintenance of animal health is expected to drive the market growth. Rising initiatives by the governmental organization to ban the animalâ€™s sports such as dog or bullfights and provide advanced facilities for the treatment is expected to boost the market growth. However, lack of insurance policies for surgeries may increase the out of pocket expenses and may restrict the market growth. The high cost of implant-based surgeries also expected to hamper the market growth. Especially in emerging countries like China and India, many people are unaware of the veterinary facilities and implant procedures. There is a large number of underserved animals and pet owners who are unaware of advanced veterinary techniques. Also, there lack skilled veterinary surgeons in some of the countries due to which animals as left untreated, which is a major challenge faced by most of the undeveloped regions and are responsible for restricting the market growth for orthopedic veterinary implants market.
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Orthopedic Veterinary Implants Market.
Key Benefits for Orthopedic Veterinary Implants Market Reports
â€¢ Global market report covers in-depth historical and forecast analysis.
â€¢ Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
â€¢ Global market report helps to identify opportunities in market place.
â€¢ Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Orthopedic Veterinary Implants Market Segmentation:-
By Product Type:
â€¢Advanced Locking Plate System
â€¢Tibial Plateau Leveling Osteotomy Implants
â€¢Tibial Tuberosity Advancement Implants
â€¢Total Elbow Replacement
â€¢Total Hip Replacement
â€¢Total Knee Replacement
â€¢Veterinary Surgical Centers
â€¢ North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
North America is expected to dominate the Orthopedic Veterinary Implants Market.- Geographically, Orthopedic Veterinary Implants Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is projected to be the leading market for orthopedic veterinary, owing to the high adoption rate of pet animals, increasing spending on the pet, and the existence of a high number of veterinary hospitals and clinics in the region. Europe is estimated to be the second most prominent market. Rising skilled veterinarians and R&D spending, especially on animal health, are expected to propel the market growth. The Asia Pacific market is likely to show moderate growth but expected to show high growth over the forecast years due to rising disposable income, shifting trend towards animal adoption and pet animals especially in the countries like Australia and Japan, where having pet animal is considered to be high status in the society. According to the research, 63% of pet ownership are observed to be Australia, which is the highest rates, worldwide.
Orthopedic Veterinary Implants Market Key Players:
â€¢ Johnson & Johnson
â€¢ B. Braun Melsungen AG
â€¢ BioMedtrix, LLC
â€¢ Veterinary Orthopedic Implants, Inc.
â€¢ KYON Veterinary Surgical Products, Inc.
â€¢ Orthomed (UK) Ltd
â€¢ IMEX Veterinary
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Orthopedic Veterinary Implants Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Orthopedic Veterinary Implants market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Orthopedic Veterinary Implants market.
Chapter 2: Evaluating the leading manufacturers of the global Orthopedic Veterinary Implants market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Orthopedic Veterinary Implants market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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