As per a survey conducted by the American Pet Products Association (APPA), around 68% of the U.S. households own a pet. It is estimated that approximately US$ 75.38 Bn will be spent on animal care in 2019. The growing population of pet owners is a primary factor driving the global veterinary orthopedic implants market.
Pet animals such as dogs and cats majorly suffer from sports injuries, vehicular trauma, and fights among others. In case of a fracture, orthopedic surgeries such as elbow replacement, total knee replacement, and others help animals to heal their bones. Depending on the intensity of bone fracture, veterinary doctors decide the type of treatment or implant is required.
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
- Bone fractures
- Elbow dysplasia
- Hip dysplasia
- Patellar luxation
Rising Number of Highly Trained Professionals to Give Tailwinds to the Market in North America
As per the Association for Pet Obesity Prevention, around 59% of cats and 54% of dogs in the U.S. suffered from obesity in the year 2016, which can lead to some type of orthopedic-related concern. The market in North America is expected to emerge dominant through the forecast years owing to the presence of advanced and innovative veterinary orthopedic instruments.
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Veterinary Orthopedic Implants market. Some of the companies operating the global Veterinary Orthopedic Implants market are;
- DePuy Synthes,
- Braun Melsungen AG,
- Fusion Implants,
- Integra LifeSciences,
- Orthomed (UK) Ltd,
- BioMedtrix LLC,
- Veterinary Orthopedic Implants,
- EVEROST INC.,
- KYON Pharma, Inc.
BioMedtrix Partnered with Laboratories Macrimasa-Vet to Increase its Sales and Support New Customers
“The rising incidence of osteoarthritis and bone fractures among animals is likely to augment demand for veterinary orthopedic surgical procedures,” stated a lead analyst at Fortune Business Insights. “Pet owners across the world are increasingly becoming aware of the animal health and are willing to spend on surgical interventions, thus increasing the veterinary orthopedic implants market revenue,” he added. A veterinary medical device company called Veterinary Orthopedic Implants, Inc. launched a new Elite TPLO plate in June 2018. This plate is available in different sizes and is contoured to match the proximal surface.
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