The North America Veterinary Orthopedic Implants Market would witness market growth of 3.8% CAGR during the forecast period (2022-2028).
The rising incidence of bone fractures as well as osteoarthritis among animals, as well as the proliferation of veterinary hospitals & clinics on both the public and private sectors, are the main forces propelling veterinary orthopaedic implants market. Market expansion for veterinary orthopaedic implants is anticipated to be driven by rising consumer consciousness about the importance of animal healthcare and their willingness to spend money on surgical procedures.
Animal orthopaedic surgeons are experts in performing operations to treat conditions that affect the bones, joints, ligaments, tendons, and other skeletal structures. A veterinarian who specialises in orthopaedic surgery may work with both large animals like horses and small companion animals like dogs and cats.
Hip replacement, arthroscopic knee surgery, plate or nail repair of bone fractures, and emergency neurologic surgery are all procedures that veterinary orthopaedic surgeons do. Veterinarian orthopedists examine animals before doing surgery and make a diagnosis using radiography, magnetic resonance imaging, or ultrasound scans.
The expenditure on pets has been rapidly increasing in the United States. This expenditure comprises pet food and supplies, veterinarian care, counter medicine, live animal purchases, boarding, and grooming. The rapid increase in the pet population in the U.S. has resulted in plenty of scopes for an increase in the pet insurance segment. These factors will boost the veterinary orthopedic implants market in the upcoming years. Another major factor stimulating the growth of the veterinary orthopedic implants market is increasing awareness among pet owners about the orthopedic disease of their animals and pet insurance.
The US market dominated the North America Veterinary Orthopedic Implants Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36,753.9 Thousands by 2028. The Canada market is poised to grow at a CAGR of 6.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.2% during (2022 - 2028).
Based on End User, the market is segmented into Hospital, Clinics, and Others. Based on Product Type, the market is segmented into Plates, Screws, and Others. Based on Application, the market is segmented into Cruciate Ligament Rupture, Bone Fractures, Hip Dysplasia, Elbow Dysplasia, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Veterinary Orthopedic Implants Market is Estimated to reach $136.8 Million by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vimian Group AB, Integra LifeSciences Holdings Corporation, B. Braun Melsungen AG, Johnson & Johnson, OrthoMed, Inc., Arthrex, Inc., Auxein Medical Pvt. Ltd., Ortho Max Mfg. Co. Pvt. Ltd., BLUESAO Co., Ltd., and Narang Medical Limited.
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