The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary orthopedic implants market report forecasts the veterinary orthopedic implants market size to grow to $0.32 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Veterinary Orthopedic Implants Market Size Forecast
The global veterinary orthopedic implants market is expected to grow from $0.22 billion in 2022 to $0.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary orthopedic implants market is expected to grow from $0.32 billion in 2027 at a CAGR of 7.2%.

North America held the largest veterinary orthopedic implants market share.

Key Veterinary Orthopedic Implants Market Driver ­– Increase In The Incidence Of Obesity And Arthritis
According to Banfield Pet Hospital’s report on 2.5 million dogs and 500,000 cats treated in the USA, the number of osteoarthritis (OA) cases increased 66% in dogs and 150% in cats. The report also inferred that 52% of dogs and 41% of cats with OA are also overweight or obese. Thus, the increase in health conditions affecting the bones of pets such as obesity and arthritis positively affect the growth of the veterinary orthopaedic market.

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Key Veterinary Orthopedic Implants Market Trend – Investing In 3D Printing Techniques
The companies in the veterinary orthopaedic implants market are investing in 3D printing techniques for creating veterinary orthopaedic implants. 3D printing in the veterinary orthopaedics market is being used for creating printed bone models, surgical guides, and titanium implants. The use of 3D printing reduces the surgical time, and cost and removes the engineering complexities in orthopaedic procedures. Following the trend, many dogs with bone deformities have been treated by Langford Veterinary Services, a UK-based provider of veterinary services, through its collaboration with CBM. The collaboration enabled CBM to create 3D printed models of animal implants using titanium Ti6AI4V EL material. The MRI or CT scans are sent from Langford Veterinary Services in Bristol to CBM, then produces 3D printed models using Arcam EBM Q10plus machine. CBM is a U.K based company focused on advanced research, product development, and batch manufacturing facility. Thus, the use of 3D printing is one of the latest trends in the veterinary orthopaedic implants market and will contribute to the growth of the market.

Veterinary Orthopedic Implants Market Segment
1) By Product Type: Advanced Locking Plate System, Tibial Plateau Leveling Osteotomy Implants, Tibial Tuberosity Advancement Implants, Total Elbow Replacement, Total Hip Replacement, Total Knee Replacement, Trauma Fixations
2) By Animal: Dog, Cat, Other Animals
3) By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Surgical Centers

Veterinary Orthopedic Implants Market Major Players and Strategies
Major players in the veterinary orthopedic implants market are KYON Pharma Inc., Veterinary Orthopedic Implants Inc., BioMedtrix LLC., IMEX Veterinary Inc., Orthomed Ltd., Securos Surgical, B. Braun Vet Care, Bluesao, DePuy Synthes Vet, and MWI Veterinary Supply Co.

In August 2022, Vimian Group, a Sweden-based animal health company, acquired New Generation Devices’ assets. The acquisition, Vimian will get access to a new customer base, which they can tap to increase their revenues. New Generation Devices is a veterinary orthopaedic implant manufacturer based in the United States that was founded in 2002.

The Veterinary Orthopedic Implants Global Market Report 2023 covers regional data on veterinary orthopedic implants market size, veterinary orthopedic implants market trends and drivers, opportunities, strategies, and veterinary orthopedic implants market competitor analysis. The countries covered in the veterinary orthopedic implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Veterinary orthopaedic implant is a surgical tool used to repair a broken bone structure and regain its function. Veterinary orthopaedic implants are typically made of metals such as pure commercial titanium (Ti) or titanium alloys, stainless steel, and cobalt-chromium (Co-Cr) alloys and are used by veterinary surgeons for bone fixation surgeries and treating bone fractures in animals.The orthopaedic implants are also used as a support structure for healing fractures and reconstructive surgeries. Orthopedic implants include screws, plates, pins, and wires, which are used in surgeries performed on animals.

View More Reports Related To The Veterinary Orthopedic Implants Market –
Veterinary Imaging Equipment Global Market Report 2023
Orthopedic Accessories Global Market Report 2023
Veterinary Healthcare Global Market Report 2023

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