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Veterinary Orthopedic Implants Market Size
Veterinary Orthopedic Implants Market size was valued at around USD 360 million in 2022 and is estimated to witness 2032. The rise in the occurrence of orthopedic disorders in animals, such as injury and arthritis, is driving the global market growth.
Growing cases of cruciate ligament rupture in dogs globally is expected to supplement the market growth. For instance, the condition leading to cranial cruciate ligament rupture (CCLR) is often present in both knees, and about 30-50% of dogs will rupture both cranial cruciate ligaments (CCLs) within 1-2 years. Thus, increasing cases of cranial cruciate ligament rupture will accelerate the market growth.
Veterinary Orthopedic Implants Market Report Attributes
Report Attribute |
Details |
Base Year: | 2022 |
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Veterinary Orthopedic Implants Market Size in 2022: | 360 Million USD |
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Forecast Period: | 2023 to 2032 |
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Forecast Period 2023 to 2032 CAGR: | 7.7% |
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2032 Value Projection: | 750.5 Million USD |
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Historical Data for: | 2018 to 2022 |
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No. of Pages: | 466 |
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Tables, Charts & Figures: | 514 |
Segments covered: | Product Type, Animal Type, Application, End-use, and Region |
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Growth Drivers: | - Increasing pet ownership
- Rising prevalence of orthopedic problems in animals
- Growing spending on animal health
- Increasing penetration of pet insurance
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Pitfalls & Challenges: | - High cost of surgeries
- Lack of skilled professionals in developing nations
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Furthermore, the veterinary orthopedic implants market is predicted to rise due to the availability of enhanced animal healthcare infrastructure, an increase in unmet animal healthcare demands, and a surge in product demand.
Veterinary orthopedic implants are medical devices designed for use in animals to stabilize and support bones and joints that have been damaged or weakened due to injury, disease, or congenital conditions. These implants are typically made from biocompatible materials such as titanium, stainless steel, or cobalt chromium alloy and are surgically implanted into the affected area to provide support, stability, and alignment during the healing process.