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The global market of veterinary orthopaedic implants is significantly aided by the increasing number of pet owners across the globe, as well as the increased awareness and spending on animal welfare. The increasing disposable income of pet owners, rapid urbanisation and the rising penetration of veterinary clinics are further catalysing the market growth. The market is further expected to grow with technological advancements and innovations in the industry. The recent coronavirus pandemic has also challenged the global industry of veterinary orthopaedic implants, with severe market conditions and supply chain disruptions. However, with reducing lockdowns and economies turning back to normal, the veterinary orthopaedic implants industry is likely to grow during the forecast period.
The growing mergers and acquisitions in the industry are expected to enhance the industry growth. In May 2020, Fidelio Capital announced its acquisition of Veterinary Orthopedic Implants, which will be its third acquisition in the veterinary orthopaedic business, having previously acquired BioMedtrix and KYON. These acquisitions are expected to expand the product portfolio of the group, along with enhancing its R&D capabilities. Such developments are expected to encourage innovation within the industry and further propel the market growth.
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The major players in the global veterinary orthopaedic implants market include B. Braun Vet Care GmbH, Everost Inc, BioMedtrix LLC, Veterinary Orthopedic Implants Inc., and Kyon AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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