Veterinary Orthopedic Implants Market Trends

Veterinary Orthopedic Implants Market Trends

Over the last few years, there has been a noticeable increase in the adoption of pet animals, such as cats and dogs, as human companions. For instance, according to the statistics from Animal Shelters & Rescues Report 2021, nearly 1 million pets adopted in the U.S. Out of 1 million, 58% dogs are adopted, 41% cats and 1% other pets are adopted. As a result, the growing population of adopted pets raises animal healthcare spending thus, promoting the market growth. Furthermore, the benefits of owning a pet, such as reduced stress, anxiety, and depression, as well as maintaining lower blood pressure, will enhance the market growth. Thus, increased social acceptance of pets is expected to enhance the pet adoption, thereby accelerating the market expansion.