Veterinary Orthopedic Implants Market, by Drug Class (Antipsychotics, Antidepressants, Mood Stabilizers, and Anti-anxiety Drugs and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : May 2023

Code : CMI2668

Pages :170

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Veterinary Orthopedic Implants Market – Driver

Increasing adoption of growth strategies

To offer a broader product portfolio the key market players are focused on adopting growth strategies such as acquisitions is expected to drive the global veterinary orthopedic implants market over the forecast period. For instance, in May 2020, Fidelio Capital, an investment company, completed its third acquisition in the veterinary orthopedic business with an agreement to acquire majority ownership of Veterinary Orthopedic Implants (VOI). Together, VOI, BioMedtrix, and KYON form a leading global veterinary orthopedic group that complements and strengthen each other.

Global Veterinary Orthopedic Implants Market: Restraint

High cost of orthopedic surgeries can hamper the growth of the market

The high cost of orthopedic surgery inhibits the growth of the global veterinary orthopedic implants market. For instance, the cost of the surgery comprises, among other things, the supplies, the X-ray, and the equipment, which many households cannot afford. For instance, in the U.S., an assessment of the issue typically costs around US$ 400, and orthopedic surgery might cost anywhere between US$ 1,500 and US$ 4,000. As a result, the growth of the veterinary orthopedic market is constrained by the high cost of orthopedic surgery.