InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Veterinary Orthopedic Devices Market By (Product (Pins, Screws, Screwdrivers, Trocars, Veterinary Bone Plates, And Others Based on The Product), Animal Type (Dog, Cat, Horse, And Others) – Market Outlook and Industry Analysis 2030”
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As the companion animal industry grows, a rising number of veterinary clinics are performing orthopedic surgery and using orthopedic products. Due to the specialization of veterinary clinics and the development of veterinary medicinal goods, orthopedic components, in particular, have seen an increase in demand. Broken and fractured bones are the most common reasons for orthopedic surgery, although it can also be used to repair congenital problems, including elbow dysplasia and patellar luxation. Total knee replacement, for example, is considered an orthopedic operation.
Market Dynamics:
The number of companion animals has rapidly expanded as income levels have risen, and animal owners’ needs for excellent medical services have grown, resulting in a 10% yearly growth in the veterinary medical device business. Veterinary clinics have increasingly grown and added more specialized services in response to this trend.
According to the National Pet Owners Survey 2021-2022 conducted by the American Pet Products Association, about 90.5 million families in the United States own a pet (APPA). Over the projected period, rising surgical operations on pets in emerging nations are likely to boost market expansion. The market for Veterinary Orthopedic Devices is being driven by factors such as increasing pet adoption, pet spending, chronic illnesses, the number of veterinarians, and pet insurance. A rising number of practitioners and technology improvements are likely to generate further growth prospects during the forecast period.
According to the American Veterinary Medical Association’s most recent statistics, there are 133,394 veterinarians in the United States and 309,144 veterinary physicians in Europe. With the increase of zoonotic illnesses that pass from animals to people, the profession is only becoming more important globally.
In 2021, the market for Veterinary Orthopedic Devices was headed by North America. The expanding pet population, acceptance of pet insurance, presence of important players, growing pet health concerns, and well-established veterinary healthcare infrastructure are all contributing to market expansion.
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The following key companies are engaged in the Veterinary Orthopedic Devices market:
Orthomed (UK) Ltd, Securos Europe GmbH, Veterinary Implants Direct, SCIL animal care company GmbH, NGD (NEW GENERATION DEVICES), Jeil Medical Corporation, Gruppo Bioimpianti, Eickemeyer Veterinary Equipment Ltd., Génia, Vygon Vet and KYON AG among others.
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