CANINE ORTHOPEDICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global canine orthopedics market is estimated to be valued at USD 344.1 Mn in 2024 and is expected to reach USD 611.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. The global canine orthopedics market has been witnessing steady growth over the past few yesars, owing to rising pet adoption and increasing awareness about orthopedic conditions in dogs. Canine orthopedics involves the diagnosis, treatment, and prevention of mobility issues caused by injury or disease affecting the dog's muscles, bones, joints, and connective tissues. Advancements in veterinary joint replacements, fracture fixation techniques, osteoarthritis medications, and physical therapy solutions have expanded treatment options for afflicted dogs to alleviate pain and improve quality of life. Furthermore, growing spending on pet care and rising pet humanization trends in developed nations are fueling the demand for specialized orthopedic surgeries and therapies.
Market Dynamics:
Pet obesity has emerged as a key factor driving the incidence of orthopedic disorders in canines. Overweight and obese dogs are at a higher risk of injuries to bones and joints due to excess pressure. Sedentary lifestyles and calorie-dense diets have contributed to the obesity epidemic among pets. The market is also driven by supportive reimbursement policies of pet insurance providers for major orthopedic treatments and rising number of veterinary practitioners specializing in canine orthopedics. However, high costs associated with joint replacement surgeries, fracture fixations, and customized implants limit wider adoption. Lack of awareness about orthopedic conditions in dogs in less developed regions also poses a challenge. Introduction of low-cost veterinary 3D printing technologies and implants presents new growth opportunities in the future.
Key Features of the Study:
- This report provides in-depth analysis of the global canine orthopedics market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global canine orthopedics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include B. Braun Melsungen AG, Movora (Vimian Group AB), STERIS, DePuy Synthes (Johnson & Johnson), AmerisourceBergen Corporation, Arthrex, Inc., Veterinary Instrumentation, BioMedtrix, LLC, Fusion Implants, Narang Medical Limited, Orthomed (UK) Ltd, GerVetUSA, Kyon AG, Veterinary Orthopedic Implants, and Integra LifeSciences Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global canine orthopedics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global canine orthopedics market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Canine Orthopedics Market' - Global forecast to 2031
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