The Veterinary Orthopedic Implants Global Market Report 2023 by The Business Research Company, provides veterinary orthopedic implants market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Veterinary Orthopedic Implants Global Market Report 2023, the market size grew from $0.22 billion in 2022 to $0.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the veterinary orthopedic implants is expected to grow from $0.32 billion in 2027 at a CAGR of 7.2%.
The increase in the incidence of obesity and arthritis increases the demand for veterinary orthopaedic implants market. Obesity is a condition where the weight of the pet affects the pet’s health to a point where it results in the weakening of bones, whereas arthritis in pets results in loss of strength in bones. Obesity and arthritis may also result in fractures, and other bone-joint-related issues and both conditions result in adversely affect the overall health of the pet, consequently leading to shortening lifespan.
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The veterinary orthopedic implants market is segmented:
1) By Product Type: Advanced Locking Plate System, Tibial Plateau Leveling Osteotomy Implants, Tibial Tuberosity Advancement Implants, Total Elbow Replacement, Total Hip Replacement, Total Knee Replacement, Trauma Fixations
2) By Animal: Dog, Cat, Other Animals
3) By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Surgical Centers
Major Players:
- KYON Pharma Inc.
- Veterinary Orthopedic Implants Inc.
- BioMedtrix LLC.
- IMEX Veterinary Inc.
- Orthomed Ltd.
The companies in the veterinary orthopaedic implants market are investing in 3D printing techniques for creating veterinary orthopaedic implants. 3D printing in the veterinary orthopaedics market is being used for creating printed bone models, surgical guides, and titanium implants. The use of 3D printing reduces the surgical time, and cost and removes the engineering complexities in orthopaedic procedures. Following the trend, many dogs with bone deformities have been treated by Langford Veterinary Services, a UK-based provider of veterinary services, through its collaboration with CBM. The collaboration enabled CBM to create 3D printed models of animal implants using titanium Ti6AI4V EL material. The MRI or CT scans are sent from Langford Veterinary Services in Bristol to CBM, then produces 3D printed models using Arcam EBM Q10plus machine. CBM is a U.K based company focused on advanced research, product development, and batch manufacturing facility. Thus, the use of 3D printing is one of the latest trends in the veterinary orthopaedic implants market and will contribute to the growth of the veterinary orthopaedic market.
The veterinary orthopedic implants market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Veterinary Orthopedic Implants Market Characteristics
4. Veterinary Orthopedic Implants Market Product Analysis
5. Veterinary Orthopedic Implants Market Supply Chain
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21. Key Mergers And Acquisitions In The Veterinary Orthopedic Implants Market
22. Market Background: Metal Products Market
23. Recommendations
24. Appendix
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