The leading market players are concentrating on extending their distribution facilities, which is anticipated to boost the worldwide veterinary orthopedic implants market throughout the forecast period. This is being done in order to increase animal mobility through a renewed focus on R&D and product development. The leading market players are concentrating on implementing expansion tactics like acquisitions in order to offer a wider product portfolio, which is anticipated to drive the worldwide veterinary orthopedic implants market throughout the forecast period. For instance, investment firm Fidelio Capital completed its third purchase in the veterinary orthopedic sector in May 2020 when it reached a deal to buy the majority of shares of Veterinary Orthopedic Implants (VOI). A top international veterinary orthopedic group made up of VOI, BioMedtrix, and KYON completes and strengthens the others. The market for veterinary orthopedic implants worldwide is expanding as a result of an increase in the pet health insurance industry. For instance, according to Pet Fair Asia's 2019 Chinese Pet Industry Report, urban Chinese spend over US$28.8 billion on their pets, predominantly cats and dogs.
As per Coherent Market Insights, The market for Veterinary Orthopedic Implants is anticipated to reach a value of US$ 296.5 million in 2023 and is projected to grow at a CAGR of 5.9% from 2023 to 2030.
Top Companies in the Veterinary Orthopedic Implants Industry
1. BioMedtrix, LLC
The company was founded in 1989 and is based in Whippany, New Jersey. The goal of BioMedtrix is to develop, produce, and market cutting-edge veterinary orthopedic implants. In order to meet the demands of the veterinary community, BioMedtrix still supports the creation of new programs.
2. IMEX Veterinary, Inc.,
The firm was started in 1990 and is based in United States. The top producer of veterinary orthopedic items is IMEX Veterinary, Inc., which offers surgical veterinary supplies to hospitals.A large selection of veterinary orthopedic items are available online from IMEX Veterinary for both hospitals and private customers.
3. KYON AG
The company was founded in 1999 and is located in Zurich, Switzerland. KYON develops new surgical methods, creates and manufactures implants and tools, evaluates all techniques and supplies in real-world settings, and offers training.A life science firm called KYON offers veterinary clients orthopedic devices, tools, and services.
4. Orthomed (UK) Ltd.
The business was founded in 2001 and is based in United Kingdom. In the veterinary business, Orthomed Ltd. is a UK-based supplier of orthopedic systems and supplies.Orthomed produces orthopedic devices and implants.Products offered by Orthomed for the veterinary sector include orthopedic systems and products.
5. Johnson & Johnson,
The company was started in 1886 and is based in New Brunswick, New Jersey, United States. The business creates medications, consumer packaged goods, and medical equipment. Johnson & Johnson declared in November 2022 that it will pay $16.6 billion to buy Abiomed Inc. On December 22, the deal became final. Johnson & Johnson paid $6.5 billion to acquire Momenta Pharmaceuticals in November 2020.
6. Veterinary Orthopedic Implants,
The company was started in 1992 and is based in United States. The market for veterinary products is served by Veterinary Orthopedic Implants, a global leader in accessories, implants, tools, and power equipment. The company creates and produces veterinary implants with an emphasis on accuracy and simplicity in order to streamline the ordering process.
7. OC Oerlikon Management AG
The firm was started in 1906 and is based in Freienbach, Switzerland. The company's business activities include selling mutual funds, managing investment funds, and issuing shares. Oerlikon increased their service offerings for consumers in the USA in February 2023. Oerlikon is making investments in its Surface Solutions division by opening a new, cutting-edge assembly and production facility in Switzerland in December 2022.
*Definition: The market for veterinary products is served by Veterinary Orthopedic Implants, a global leader in accessories, implants, tools, and power equipment.An artificial joint, bone, or cartilage replacement for animals is known as a veterinary orthopedic implant. It can also be used to repair damaged legs.
