Orthopedic veterinary implants are utilized to treat various orthopedic conditions like bones and joints related disorders in animals. Pet animals like dogs and cats usually suffer from fractures and injuries. Although these injuries heal quickly, in case of broken bones orthopedic surgeries including bone fixation surgeries, treating bone fractures are required for healing them. Depending on the type of fracture various medical implants are used in animals for the treatment of such problems. They are usually made of metals like titanium alloys, stainless steel.
MARKET SCOPE
The "Global Orthopedic Veterinary Implants Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the orthopedic veterinary implants market with detailed market segmentation by product, application, animal type, material, end user, and geography. The report provides key statistics on the market status of the leading orthopedic veterinary implants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product, the global orthopedic veterinary implants market is segmented into instrument, implants, screws, plates, and others.
-On the basis of application, the market is bifurcated into tibial plateau leveling osteotomy implants, total elbow replacement, total hip replacement, total knee replacement, trauma fixations, and others.
-On the basis of animal type, the market is bifurcated into dog, cat, and others.
-On the basis of material, the market is segmented into stainless steel, titanium, and others.
-On the basis of end-users, the market is bifurcated into veterinary hospitals, veterinary clinics, and veterinary ambulatory services.
MARKET DYNAMICS
Drivers
- Growing number of companion animals such as dogs and cats and high rate of obesity and arthritis in animals drive the orthopedic veterinary implants market.
- Increasing fame of the animal sports like horse racing and illegitimate sports like bull fighting results in growing number of cases of orthopedic injuries in animals that propel the demand of the market.
- Technological advancements in the treatment methods and launch of novel veterinary orthopedic implants boosts the growth of the market.
- Rising healthcare expenditure on the companion animals and growing government initiatives to promote animal health fuel the market growth.
Restraints
- Low presence of veterinary clinics and hospitals.
- High cost of surgeries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The orthopedic veterinary implants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the orthopedic veterinary implants market in these regions.
IMPACT OF COVID-19 ON ORTHOPEDIC VETERINARY IMPLANTS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The treatment of various orthopedic diseases in animals might be delayed due to the pandemic. During the outbreak, appointments were postponed and cancelled. Currently, veterinary practices are facing various challenges such as unavailability of raw materials and increase in labor shortage, treatment priority setting, and risk of injury, medico-legal risks and financial uncertainties. Also, end-consumer demand in the orthopedic veterinary implant market suffered due to competing risks of serious complications from COVID-19 and the higher risk of infection in immune compromised hosts. However, the demand for treatment of animals suffering from orthopedic diseases has not reduced but due to scarcity of personal protective equipment for veterinarians, limited hospital capacity and lack of point-of-care testing devices have negatively impacted the market. Overall, growth can be witnessed mainly due to the companies resuming their operations and adapting to the new normal. This might help in recovery of demand in the forecast period.
MARKET PLAYERS
The report covers key developments in the orthopedic veterinary implants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from orthopedic veterinary implants market are anticipated to have lucrative growth opportunities in the future with the rising demand for orthopedic veterinary implants in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the orthopedic veterinary implants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-B. Braun Vet Care
-BioMedtrix, LLC
-Veterinary Orthopedic Implants, Inc.
-DePuy Synthes
-Integra LifeSciences
-IMEX Veterinary, Inc.
-GPC Medical Ltd.
-KYON AG
-Infiniti Medical
-Bluesao Co. Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.