Veterinary Orthopedics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Veterinary Orthopedics Market: Introduction
The global veterinary orthopedics market is undergoing a phase of significant transition. The increasing population of pets and the rising awareness regarding their healthcare has boosted the global veterinary orthopedics market substantially. The advancements in technologies, together with the improving healthcare infrastructure, are proving to be beneficial for the growth of this market. Going forward, various marketing strategies, adopted by key players to beat the competition, are likely to create new revenue streams in the years to come.
The research report presents a precise overview of the global veterinary orthopedics market. It takes various aspect of this market, such as the key trends, market dynamics, and segmentation, in consideration, to predict its performance over the period from 2018 to 2028. It also offers an assessment of each of the regional markets for veterinary orthopedics across the world.
Global Veterinary Orthopedics Market: Notable Developments
Some of the key players in the global veterinary orthopedics market are B.Braun Vet care GmbH, KYON pharma Inc. Veterinary Orthopedic Implants, and GerMed USA. These players are concentrating on technological advancements in the existing product portfolio. They are also looking forward to involve more in research and development activities for increased frequency of new product launches in order to maintain their position in the worldwide veterinary orthopedics market.
Global Veterinary Orthopedics Market: Market Dynamics
The increase in the trend of pet adoption, together with the rise in the per capita spending capacity in developing economies is projected to reflect positively on the growth of the global veterinary orthopedics market. Furthermore, the augmenting number of veterinary practitioners and the swift technological advancements in orthopedic devices used for the treatment and surgeries of pets are also expected to support the veterinary practitioners market across the world, since the instances for surgeries for pet injuries have increased nowadays.
In addition to this, the surge in animal hospitals and pet care clinics across the world is projected to drive the demand for veterinary orthopedic devices and practitioners, leading to a high rise in the global veterinary orthopedics market in the long run.
North America Retains its Leadership
North America has been leading the global veterinary orthopedics market, thanks to the presence of a large pool of prominent players, especially in the U.S. The regional market is likely to remain dominant over the next few years, primarily due to the rising investments in R&D by leading companies. In addition to this, the augmenting prevalence of osteoarthritis among pet animals is projected to prompt researchers and healthcare professionals to shift their focus toward advanced technologies, which consequently, is anticipated to widen the scope for the growth of veterinary orthopedics in this region.
The surge in the collective efforts by leading companies to ensure high standards for veterinary orthopedics products and the improvement in their product portfolio are also projected to support the North America veterinary orthopedics market. Among other regional veterinary orthopedics markets, Asia Pacific is predicted to demonstrate a lucrative growth rate over the forthcoming years, thanks to the increasing trend of pet adoption in emerging Asian economies, such as India and South Korea. The rise in R&D activities and the growing awareness regarding pet healthcare in emerging economies are also expected to propel the Asia Pacific veterinary orthopedics market in the near future.
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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