Canine Orthopedics Market: Overview
The global canine orthopedics market is likely to expand at a significant rate during the forecast period of 2021 to 2031 due to the expanding number of orthopedic surgeries across the globe. Furthermore, the rising ownership of pets worldwide may drive the market growth significantly.
The global canine orthopedics market can be segmented into implants which include specialty plates, trauma plates, TTA plates, TPLO plates, and others based on products. Further on the basis of application, the market can be segmented into trauma, joint replacement, TTA, TPLO, and others. The end users can be hospitals and clinics.
The research report curated by the team at TMR Research covers the in-depth analysis of the growth trajectory of the canine orthopedics market. The all-important aspects such as the current market scenario, emerging trends, recent developments, revenue generation, restraints, competitive landscape, and regional dimensions. The deep insights into the market help the stakeholders make proper decisions regarding the investment plans and expansion strategies. Furthermore, the impact of the COVID-19 pandemic on the market growth is also reflected in the report.
Canine Orthopedics Market: Competitive Analysis
The leading players functioning in the canine orthopedics market are deploying various measures to improve the manufacturing process and make it technically advanced. The new product launches have expanded the product portfolio. Further, the marketing and promotional activities have created awareness among the global populace which may boost the market growth. Strategic collaborations and distribution partnerships have proved to be a major contributor to the growth of the canine orthopedics market.
Some of the leading players operating in the canine orthopedics market are Movora, Narang Medical Limited, STERIS, DePuy Synthes (Johnson and Johnson), Veterinary Instrumentation, and Orhomed (UK) Ltd (Infiniti Medical), VetFusion Implants, and B.Braun Melsungen AG.
Canine Orthopedics Market: Key Drivers and Opportunities
The rising incidences of bone disorders and injuries have created the need for implants which may eventually create immense opportunities for the growth of the canine orthopedics market. The technological advancements in the field of canine orthopedics have proved to be efficient in carrying out orthopedic surgical procedures accurately and without hassles. Furthermore, the growing incidences of orthopedic disorders and trauma injuries among canines may create multiple growth opportunities for the canine orthopedics market. Additionally, incidence of other disorders such as ligament tear, dysplasia, and fractures have increased the demand for canine orthopedic surgeries.
The research and development activities at veterinary centers have led to the development of well-equipped diagnostics and treatment procedures. In addition, the government bodies of various countries are taking initiatives to develop the animal hospital infrastructure and provide excellent services to unwell animals. The surge in pet hospitals and the expansion in form of hospital chains across the globe are likely to create a positive impact on the growth of the canine orthopedics market. The rise in company-owned hospitals and hospital chains has supported the use of the products and technology in canine orthopedics which may eventually generate robust growth opportunities for the global market. Further, the treatment options and treatment capabilities may lead to market growth.
The onset of the COVID-19 pandemic led to an increase in pet ownership. Further, there was a disruption in the supply chain due to lockdowns but gradually the businesses are bouncing back and things are coming back to normal.
Canine Orthopedics Market: Regional Perspective
The global canine orthopedics market can be segmented into Asia Pacific, North America, Europe, Latin America, the Middle East and Africa. The market in North America is expected to generate good revenue growth owing to the various insurance policies available for pets owing to the increase in pet health disorders. Asia Pacific is likely to show rapid growth due to the increase in the pet population in this region. Further, the rise in expenditure on pets may bring positive growth to in the global market.
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