The Orthopedic Veterinary Implants Market ought to witness an explicit In Upcoming Years. With geographical barriers out of sight, track-and-trace programs are on the verge to reach their zenith in the timespan mentioned above. This could be credited to OEMs trying to reach out to the end-users remotely through virtual setups. Plus, people are getting a broader choice regarding choosing the experts. This holds for preventive as well as curative measures. The trend is certain to embark upon massive transience in the years to come.
The global orthopedic veterinary implants market will exhibit a robust CAGR of over 8% during the forecast period (2019 – 2029).
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A recent report by Grey2K USA suggests that more than 14,000 injuries were reported at Greyhound racing in the U.S. between 2008 and 2016. These injuries mainly included broken legs, crushed skulls, seizures, paralysis, and broken backs. According to the American Veterinary Medical Association (AVMA), the percent of dogs and cats owned by households is 36.5% and 30.4%, respectively.
Company Profiles:
- Vet Implants
- scil animal care company GmbH
- KYON Pharma, Inc.
- Everost Inc.
- BioMedtrix, LLC
- Integra LifeSciences
- RITA LEIBINGER MEDICAL GmbH & Co. KG
- B.Braun Melsungen AG
- DePuy Synthes (Sub. Johnson & Johnson Services, Inc.)
- Intrauma S.p.A.
- Surgical Holdings
- Ortho Max Manufacturing Company Pvt. Ltd. Novartis AG
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Key Takeaways – Orthopedic Veterinary Implants Market Study
- Accounting for over a fourth of market value shares, tibial plateau levelling osteotomy (TPLO) implants will remain the most preferred product type owing to their ability to stabilize the stifle joint after rupture of cranial cruciate ligament.
- Trauma fixations with the application of intramedullary nails, bone plates, and bone screws are extensively used for the treatment of bone fractures.
- Increased availability of veterinary practitioners, rise in surgical procedures, and heightened number of injuries in pets are factors expected to increase the number of visits to pet clinics and hospitals.
- North America is expected to be significant revenue generator in the orthopedic veterinary implants market owing to increase in number of surgical procedures arising from obesity-related diseases such as arthritis and sports-related dislocation of hips and bones.
- Significant product launches are boosting the orthopedic veterinary implants market growth.
- For instance, in October 2019, Veterinary Orthopedic Implants launched HyProtect antimicrobial coated implants.
Innovative product specifications and rise in pet care expenditure for surgical procedures are significantly favoring market growth and is expected to provide lucrative opportunities to manufacturers during the forecast period.
Strategic Partnerships – Winning Imperative for Market Participants
Manufacturers in emerging countries are focusing on strategic collaboration or alliance with regional players as well as local distributors to increase their footprint. For example, BioMedtrix collaborated with Laboratorios Macrimasa-Vet in January 2019 for distribution of its TPLO Curve, Universal Hip (including Micro & Nano Hip), I-Loc IM Fixator in Spain.
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In March 2016, DePuy Synthes (part of the Johnson & Johnson) entered into an exclusive strategic alliance with Value Stream Partners, LLC to design, develop and implement programs for hip and knee replacements.
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