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Veterinary Orthopedic Implants Market Size, Share and Global Trend By Product Type(Tibial Plateau Levelling Osteotomy Implants, Advanced Locking Plate System, Total Elbow Replacement Implants, Total Knee Replacement Implants), By Application (Bone fractures, Osteoarthritis, Elbow dysplasia, Hip dysplasia, Patellar luxation), By End Users (Veterinary Hospitals, Veterinary Clinics), and Geography Forecast till 2026

Region : Global | Report ID: FBI100718 | Status : Ongoing

 

KEY MARKET INSIGHTS

The orthopedic disease is the main cause of lameness and pain among animals. Many specialty surgery centers or veterinary teaching hospitals provide various orthopedic procedures for animals. Veterinary orthopedic implants are made up of stainless steels and are extensively used in orthopedic surgeries such as total knee replacement, elbow replacement, total hip replacement, and others. Veterinary orthopedic implants are available in varying sizes for different orthopedic disease indications.


With the advancements in imaging services for animals, diagnosis of veterinary orthopedic diseases has been simplified positively impacting the global veterinary orthopedic implants market. According to the American Pet Products Association's 2017-2018 National Pet Owners Survey, it was estimated that there are 94.2 million cats and 89.7 million dogs in the U.S. The increasing population of pet owners and their willingness to spend for animal health are the factors for the surge in the global veterinary orthopedic implants market.


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The primary reasons driving the global veterinary orthopedic implants are the increase in a number of government and private veterinary hospitals and clinics and increased cases of bone fractures and osteoarthritis among animals. Also, awareness regarding animal healthcare and willingness to spend on surgical interventions by pet owners are expected to fuel the growth in the global veterinary orthopedic implants market.


However, the high cost of orthopedic surgery and unclear animal health insurance in emerging countries are the factors that can hamper the growth in the global veterinary orthopedic implants market. Moreover, the dearth of skilled veterinary professionals might pose a hindrance in the global veterinary orthopedic implants market.


Key Players Covered


Some of the major companies that are present in the global veterinary orthopedic implants market are DePuy Synthes, B. Braun Melsungen AG, Fusion Implants, Integra LifeSciences, Orthomed (UK) Ltd, BioMedtrix LLC, Veterinary Orthopedic Implants, EVEROST INC., KYON Pharma, Inc., and others.


SEGMENTATION


























SEGMENTATION



 DETAILS



By Product Type



· Tibial Plateau Levelling Osteotomy (TPLO) Implants


· Tibial Tuberosity Advancement (TTA) Implants


· Advanced Locking Plate System (ALPS)


· Total Elbow Replacement (TER) Implants


· Total Knee Replacement Implants


· Others



By Application



· Bone fractures


· Osteoarthritis


· Elbow dysplasia


· Hip dysplasia


· Patellar luxation


· Others



By End Users



· Veterinary Hospitals


· Veterinary Clinics


· Others



By Geography



· North America (USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico and Rest of Latin America)


· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Among the product type, the tibial plateau levelling osteotomy (TPLO) implants segment is expected to have a major portion of the global veterinary orthopedic implants market during the forecast period owing to the high demand for the implants and increase in number of tibial plateau levelling osteotomy procedures. 


Key Insights



  • Regulatory scenario for key countries

  • Reimbursement scenario for key countries

  • Recent industry developments such as partnerships, mergers, and acquisitions

  • Key performance indicators for global Veterinary Orthopedic Implants market


Regional Analysis


North America is expected to dominate the global veterinary orthopedic implants market during the projected period due to the large population of pets, strong pet insurance measures, and demand for technologically advanced veterinary orthopedic implants. The veterinary orthopedic implants market in Europe is expected to have a significant growth in the forecast period owing to the active government support for animal health and rise in several veterinary clinics. Asia Pacific is anticipated to provide a large market opportunity for veterinary orthopedic implants. This is due to the establishment of a developed veterinary healthcare system, the ongoing R&D for new product launches, and the high demand for superior veterinary products.


Key Industry Developments



  • In February 2019, Orthomed (UK) Ltd announced the launch of medium-sized MMP OrthoFoam wedges to facilitate surgical orthopedic procedures.

  • In January 2019, BioMedtrix, LLC, collaborated with Laboratorios Macrimasa-Vet for the distribution of TPLO Curve, I-Loc IM Fixator, and Universal Hip in Spain.

  • In October 2016, Rayence Inc. launched its new line of MyVet imaging systems which includes EZ RAY AIR, a wireless, hand-held X-ray unit which will aid in the diagnosis of bone diseases.


Veterinary Orthopedic Implants Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

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