Market Trends of Veterinary Orthopedics Industry
This section covers the major market trends shaping the Veterinary Orthopedics Market according to our research experts:
Implants segment in Veterinary Orthopedics market is Estimated to Witness a Healthy Growth in Future.
Implants are estimated to witness healthy growth in the future attributed to an increasing number of cases with musculoskeletal injuries or orthopedic in animals. Some of the disorders such as cruciate ligament tears and hip and elbow dysplasia are common and results in need of surgeries which will further promote the growth of implants. Moreover increasing incidences of obesity in animals will also result in high chances of osteoarthritis which further promotes the growth of veterinary orthopedics surgeries. The growing demand of surgeries is the major factor for the segment growth. Furthermore, , an increasing number of companion animals and the rising numbers of animal racing competition is also a key driving factor for veterinary orthopedics implant growth.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Veterinary Orthopedics market due to increasing pet care expenditure, rising incidences of obesity, technological advancements, presence of major animal players and rising government initiatives. As per the Association for Pet Obesity Prevention (APOP), a report is published, 2017 wherein 56% of dogs and 59 % of cats are found to be obese in the United States. These disorders have a high risk of joint diseases, cancer and chronic diseases which will be leading to propel the growth of the veterinary orthopedics market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
