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Global Veterinary Orthopaedic Implants Market: By Product Type: Plates, Screws, Jigs, Pins and Wires; By Application: Knee Replacement, Hip Replacement, Elbow Replacement, Trauma Fixation; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Veterinary Orthopaedic Implants Market Outlook

The global veterinary orthopaedic implants market reached a value of about USD 95 million in 2020. The market is further expected to grow at a CAGR of 7% in the forecast period of 2021-2026 to reach a value of nearly USD 143 million by 2026.

 

North America Veterinary Orthopaedic Implants Market Being Aided by the Prominent Presence of Major Industry Players

North America is one of the leading markets for veterinary orthopaedic implants, largely due to the involvement of major players in large expansion strategies. In addition, increased R&D spending from the companies is one of the key growth drivers propelling the market forward. Europe is also a significant region in the industry due to the high pet ownership rates and the increasing awareness of pet health. In the coming years, the industry in the Asia Pacific region is projected to witness a healthy growth rate as the pet ownership rates increase in the region, along with the rising awareness of livestock healthcare.

 

Veterinary Orthopaedic Implants: Industry Definition and Segmentation

Orthopaedic implants are the medical devices like screws, plates, and prostheses, which aim to replace damaged or missing joints or bones. The scope of veterinary orthopaedic implants is increasing rapidly as owners of livestock and pets are increasingly investing in medical care, including repairing and healing injuries to bones and joints caused by diseases or injuries.

Based on product type, the industry can be divided into:

  • Plates
  • Compression Plates
    • L – Plates
    • T – Plates
    • Arthrodesis Plates
    • Acetabulum Plates
    • Bending Iron
    • Others
  • Screws
  • Jigs
  • Pins and Wires
  • Others

Veterinary orthopaedic implants find wide applications in the following segments:

  • Knee Replacement
  • Hip Replacement
  • Elbow Replacement
  • Trauma Fixation
  • Others

The major end-uses in the industry can be segmented as follows:

  • Veterinary Hospitals
  • Veterinary Clinics
  • Others

The regional markets can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Pet Ownership Rates Expected to Bolster the Veterinary Orthopaedic Implants Market

The growth of the global veterinary orthopaedic implants industry is aided by the rising pet ownership, as well as the increased awareness and spending on animal welfare. The expanding disposable incomes of pet owners, rapid urbanisation and the rising penetration of veterinary clinics are further catalysing the market growth. The rise in the incidence of obesity and arthritis among pets and livestock is also expected to aid the growth of the market.

The rising government support for veterinary care, along with the rising approval of new implant products by regulatory authorities, is also expected to fuel the market in the coming years. Rapid technological advancements and innovations in the industry are further projected to catalyse the market growth in the coming years.

 

Key Industry Players in the Global Veterinary Orthopaedic Implants Market

The report gives a detailed analysis of the following key players in the global veterinary orthopaedic implants market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • B. Braun Vet Care GmbH
  • Everost Inc.
  • BioMedtrix, LLC
  • Veterinary Orthopedic Implants, Inc.
  • Kyon AG
  • B. Braun Vet Care GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Veterinary Orthopaedic Implants Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Veterinary Orthopaedic Implants Historical Market (2016-2020) 
    8.3    Global Veterinary Orthopaedic Implants Market Forecast (2021-2026)
    8.4    Global Veterinary Orthopaedic Implants Market by Product Type
        8.4.1    Plates
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Market by Type
                8.4.1.4.1    Compression Plates
                8.4.1.4.2    L – Plates
                8.4.1.4.3    T – Plates
                8.4.1.4.4    Arthrodesis Plates
                8.4.1.4.5    Acetabulum Plates
                8.4.1.4.6    Bending Iron
                8.4.1.4.7    Others
        8.4.2    Screws
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Jigs
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Pins and Wires
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Veterinary Orthopaedic Implants Market by Application
        8.5.1    Knee Replacement
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Hip Replacement
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Elbow Replacement
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Trauma Fixation
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Veterinary Orthopaedic Implants Market by End Use
        8.6.1    Veterinary Hospitals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Veterinary Clinics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Veterinary Orthopaedic Implants Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    B. Braun Vet Care GmbH
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Everost Inc.
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    BioMedtrix, LLC
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Veterinary Orthopaedic Implants, Inc.
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Kyon AG
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    B. Braun Vet Care GmbH
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Veterinary Orthopaedic Implants Market: Key Industry Highlights, 2016 and 2026
2.    Global Veterinary Orthopaedic Implants Historical Market: Breakup by Product Type (USD Million), 2016-2020
3.    Global Veterinary Orthopaedic Implants Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4.    Global Veterinary Orthopaedic Implants Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Veterinary Orthopaedic Implants Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Veterinary Orthopaedic Implants Historical Market: Breakup by End Use (USD Million), 2016-2020
7.    Global Veterinary Orthopaedic Implants Market Forecast: Breakup by End Use (USD Million), 2021-2026
8.    Global Veterinary Orthopaedic Implants Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Veterinary Orthopaedic Implants Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Veterinary Orthopaedic Implants Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Veterinary Orthopaedic Implants Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Veterinary Orthopaedic Implants Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Veterinary Orthopaedic Implants Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Veterinary Orthopaedic Implants Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Veterinary Orthopaedic Implants Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Veterinary Orthopaedic Implants Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Veterinary Orthopaedic Implants Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Veterinary Orthopaedic Implants Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Veterinary Orthopaedic Implants Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Veterinary Orthopaedic Implants Market Structure

Key Questions Answered in the Report

What was the market size in 2020?

The global veterinary orthopaedic implants market reached a value of USD 95 million in 2020.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 7% in the forecast period of 2021-2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to reach a value of about USD 143 million by 2026.

What are the major market drivers?

The major drivers of the industry include rising disposable incomes, increasing population, rising animal health awareness, growing incidences of arthritis among animals, and the rising R&D spending from the companies.

What are the key industry trends of the market?

The rising penetration of veterinary clinics, growing government support, and rapid technological advancements are expected to be the key trends guiding the growth of the industry.

What are the major regional markets, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

What are the major product types in the industry?

The major product types in the industry are plates, screws, jigs, and pins and wires, among others.

What are the leading application segments in the industry?

The leading application segments in the industry are knee replacement, hip replacement, elbow replacement, and trauma fixation, among others.

What are the significant end-use sectors in the industry?

The significant end-use sectors in the industry include veterinary hospitals and veterinary clinics, among others.

Who are the key industry players, according to the report?

The key players in the industry are B. Braun Vet Care GmbH, Everost Inc., BioMedtrix, LLC, Veterinary Orthopedic Implants, Inc., Kyon AG, and B. Braun Vet Care GmbH, among others.

Analyst Review

The global veterinary orthopaedic implants market attained a value of USD 95 million in 2020, driven by the rising R&D spending from the key players. Aided by the growing government support for veterinary medical costs, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7%. The industry is projected to reach USD 143 million by 2026.

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product types, the industry can be segmented into plates, screws, jigs, and pins and wires, among others. On the basis of application, the industry can be divided into knee replacement, hip replacement, elbow replacement, and trauma fixation, among others. By end-uses, the industry can be divided into veterinary hospitals and veterinary clinics, among others. The major regional markets for veterinary orthopaedic implants are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include B. Braun Vet Care GmbH, Everost Inc., BioMedtrix, LLC, Veterinary Orthopedic Implants, Inc., Kyon AG, and B. Braun Vet Care GmbH, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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