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VETERINARY ORTHOPEDIC IMPLANTS MARKET

The global veterinary orthopedic implants market is estimated to be valued at US$ 255.1 million in 2020 and is expected to exhibit a CAGR of 5.9% during the forecast period (2020-2027).<br>Veterinary Orthopedic Implants Market - Impact of Coronavirus (Covid-19) Pandemic<br>Supply chain and manufacturing activities in India, Italy, Spain, U.K., and the U.S. have been disrupted due to the nationwide lockdowns in the past few months. Whereas, countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of products.<br>

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VETERINARY ORTHOPEDIC IMPLANTS MARKET

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. VETERINARY ORTHOPEDIC IMPLANTS MARKET Veterinary orthopedic implants are medical devices used for the treatment of various bones and joints related disorders in animals including dog, cat, horses, bovine, etc. Some of the most common orthopedic problems in dogs include hip dysplasia, cruciate ligament tears, luxatingpatellas, and disc disease. Various medical implants including plates, screws, wires, etc. are used in the treatment of such problems. The global veterinary orthopedic implants market is estimated to be valued at US$ 255.1 million in 2020 and is expected to exhibit a CAGR of 5.9% during the forecast period (2020-2027).

  3. Veterinary Orthopedic Implants Market - Impact of Coronavirus (Covid-19) Pandemic Supply chain and manufacturing activities in India, Italy, Spain, U.K., and the U.S. have been disrupted due to the nationwide lockdowns in the past few months. Whereas, countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of products. Veterinary orthopedic implants are required for the treatment of various orthopedic diseases in animals such as dogs, cats, and horse, which might be delayed due to the pandemic. During the pandemic, appointments are often postponed or even cancelled. Moreover, veterinary practices are currently facing various challenges such as treatment priority setting, ethical decision-making, and risk of injury as well as medico-legal risks and financial uncertainties. Delivering care to pet animals with orthopedic diseases during this crisis is challenging due to competing risks of serious complications from SARS-CoV-2 and the higher risk of COVID-19 in immune compromised hosts.

  4. Figure 1. Global Veterinary Orthopedic Implants Market Share(%) Analysis, By Product Type 2020 Increasing trend of petting animals such as dogs and cats, and high obesity and arthritis rates in dogs and cats is expected to drive the global veterinary orthopedic implants market growth. Increasing trend of petting animals such as dogs and cats in key regions, and high obesity and arthritis rates in dogs and cats is expected to drive demand for orthopedic implants and significantly support the global veterinary orthopedic implants market growth. For instance, according to a report published by the Pet Food Manufacturers Association’s Pet Data Report, 2017, in the U.K., 8.5 million dogs, 8 million cats, 500,000 guinea pigs, and 300,000 horses and ponies were pet owned, with over 29% houses recording two dogs.

  5. Veterinary Orthopedic Implants Market Report Coverage

  6. Global Veterinary Orthopedic Implants Market- Restraints Low presence of veterinary clinics and hospitals in some rural areas of emerging economies such as India, and China, and African countries is expected to be a major factor restraining growth of the global veterinary orthopedic implants market. Thus, low presence of veterinary clinics and hospitals limits the access to treatment and is expected to negatively affect growth of the market. Also, improper insurance policies along with higher treatment costs prevent pet owners from adopting expensive yet efficacious treatment approach, thus hindering the market growth.

  7. Global Veterinary Orthopedic Implants Market– Regional Analysis North America accounted for the largest share in the global veterinary orthopedic implants market in 2019 owing to the increasing preference for companion animals. According to the U.S. pet ownership statistics from the American Veterinary Medical Association (AVMA), nearly 48,255,413 (38.4%) households had dogs as companion animals during 2017-2018. Furthermore, the market in Asia Pacific is expected to observe the fastest growth during the forecast period due to increasing pet ownerships in the region. According to the national survey of pets and people of 2019, by the Animal Medicines Australia, around two-third of households in Australia have a pet animal and nearly 90% of the household have had a pet animal. The survey also estimated that nearly 5.1 million dogs and 3.8 million cats in Australia are living as pets in Australian households.

  8. Figure 2. Global Veterinary Orthopedic Implants Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027 Global Veterinary Orthopedic Implants Market- Competitive Landscape Key players operating in the global veterinary orthopedic implants market are B. Braun Vet Care GmbH, BioMedtrix, LLC, IMEX Veterinary, Inc., InnoplantMedizintechnik GmbH, KYON AG, Orthomed (UK) Ltd., BLUESAO Co. Ltd., New Generation Devices (NGD), Johnson & Johnson, MWI Animal Health, AmerisourceBergen Corporation, Platon Japan qCo., Ltd., Veterinary Orthopedic Implants, NORER Orthopedic & Dental, OC Oerlikon Management AG, Jindal Medi Surge, Inc. and Mercury Orthopedics and Design, Inc.

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