Global Canine Orthopedics Market is valued approximately USD 221.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 8.4 % over the forecast period 2022-2028. Animals require proper attention from their owners on a daily basis in order to maintain excellent health. Orthopedic health issues are a common reason for bringing dogs to the veterinary referral hospital. Orthopedic veterinary issues include any diseases, conditions or injuries affecting the skeletal structures the dog's body, including their bones, tendon, ligaments, cartilage, joints and more. Orthopedic surgery is the most effective form of surgery to correct a canine with a bone injury or joint condition. Global increase in pet dog ownership, pet adoption, pet expenditure and pet insurance are the key driving forces of this industry. The 2020 PDSA Animal Wellbeing (PAW) Report stated that about 51% of U.K. citizens owned a pet. In addition, the report pegged UK's dog and cat population at around 10.1 million and 10.9 million, respectively. According to the North American Pet Health Insurance Association (NAPHIA), the region had about 3.45 million insured pets in 2020. This number was notably higher than the 2.81 million insured pets insured in 2019. The Canine Orthopedic Market is quite competitive , so the market players are coming up with various new strategies to combat the situation such as new product launches, technological advancements , collaborations and mergers and so on. However, the Covid - 19 Outbreak has adversely affected the market , the movement restrictions, reduced veterinary visits and frequent cancellation of the elective veterinary orthopedic surgeries tend to impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Canine Orthopedics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market because of enhanced per adoptions, pet health concerns , adoption of pet insurance, increasing dog population and expenditure on dog health. . Moreover, Asia Pacific region market is expected to witness the fastest growth over the next few years due to increased number of regional market players, increasing pet dog population and insurance and similar drivers.
Major market player included in this report are:
B. Braun Melsungen AG
Movora
STERIS
DePuy Synthes Vet (Johnson and Johnson)
AmerisourceBergen Corporation
Arthrex, Inc.
Orthomed U.K Ltd.(Infinity Medical)
Veterinary Instrumentation
Fusion Implants
Narang Medical Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
TPLO
TTA
Joint replacement
By Product:
Implants
Instruments
By End -use:
Hospitals
Clinics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Canine Orthopedics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
