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Veterinary Orthopedic Treatment Market Expected to Witness a Sustainable Growth

The global veterinary orthopedic treatment market was valued at $94,708 million in 2017 and is projected to reach $153,612 million at a CAGR of 6.2% from 2018 to 2025.

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Veterinary Orthopedic Treatment Market Expected to Witness a Sustainable Growth

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  1. Veterinary Orthopedic Treatment Market

  2. Rise in animal healthcare expenditure and technological developments in therapeutics and diagnostic products are expected to boost the growth of the global veterinary orthopedics treatment market According to the report, the global veterinary orthopedics treatment market was pegged at $94.71 billion in 2017 and is estimated to reach $153.61 billion by 2025, registering a CAGR of 6.2% from 2018 to 2025. Get Sample Report

  3. Factors such as increase in ownership of companion animals worldwide and rise in the number of obesity cases in pets, which in turn spikes animal healthcare expenditure, drive the growth of the global veterinary orthopedics treatment market. However, high cost of surgeries and lack of awareness regarding animal health hamper the market growth. On the contrary, recent advancements in therapeutics and diagnostic products and no obligation for government approvals for veterinary devices are expected to create lucrative opportunities for the market players in the near future.

  4. The elbow dysplasia segment held the largest share in the market in 2017, contributing about 25% of the total market revenue. This is attributed to the rise in cases of accidental trauma among pets. However, bone fractures segment is expected to register the fastest CAGR of 7.7% during the forecast period, owing to increase in prevalence of arthritis that could lead to fractures in pets. On the other hand, segments such as cruciate ligament tear, patellar luxation, hip dysplasia, and osteoarthritis management have been comprehensively analyzed in the report.

  5. Key findings of the Veterinary Orthopedic Treatment Market : • The elbow dysplasia segment accounted for more than one-fourth share of the global veterinary orthopedic treatment market in 2017. • The cat segment is expected to grow at highest CAGR of 7.5% from 2017 to 2025. • The dog segment accounted for more than three-fourths share of the global veterinary orthopedic treatment market in 2017. • North America accounted for one-third share of the global market in 2017.

  6. The leading market players in the report are Adobe Animal Hospital, Boca Park Animal Hospital, Goddard Veterinary Group, Northwest Veterinary Specialists, School of Veterinary Medicine (University of Pennsylvania), Allandale Veterinary Hospital, Broadleys Veterinary Hospital, Mars Incorporated, The Animal Medical Center, and Upper Canada Animal Hospital.

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