Veterinary Orthopedics Market Outlook Forecast 2022-28
The global veterinary orthopedics market size was valued at USD 426.13 million in 2021 and is poised to grow at a significant CAGR of 7.4% during the forecast period 2022-2028. Orthopedics influences the joint capsule, muscle, ligament, cartilage, and tendon as well as the skeleton and joints. Orthopedists in the veterinary field specialise in treating conditions that affect the bones, joints, tendons, ligaments, etc. Global Veterinary Orthopedics is seeing potential grow as a result of effective animal care. Veterinary professionals are finding new opportunities thanks to the increase in animal clinics and pet care facilities. The factors that propel the growth of the global veterinary orthopaedics market include growing interest in pet protection, the availability of veterinary services for animals, and an increase in the prevalence of pet obesity.
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The high need for animal monitoring and treatment is motivating businesses to seize new chances and grow this sector. Growing pet adoption will boost the market and economic growth, provide chances for mergers and acquisitions and global expansion, generate higher sales and revenue, lead to the opening of additional veterinary hospitals and clinics, and better animal life standards. Furthermore, the growing number of pets is driving up demand for Veterinary Orthopedics, which is anticipated to drive up market growth. The demand for veterinary healthcare, rising illness risk, and animal obesity are some of the main drivers of market expansion, necessitating the same. The government is undertaking numerous programs to promote and support these kinds of markets, thus there are also numerous chances for veterinary orthopedics. The high cost of procedures and pet care, the introduction of advanced veterinary orthopaedic implants, and the scarcity of veterinary practitioners, on the other hand, may hinder the market's rate of expansion.
The Veterinary Orthopedics Market Segmentation
The global Veterinary Orthopedics Market on the basis of Type, the market is segregated into Instruments, Implants, Pins, and Wires, Screws, Others. On the basis of end users, the market is categorized into Veterinary Hospitals, Veterinary Clinics, and Others.
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The Veterinary Orthopedics Market Regional Analysis
The market for veterinary orthopedic implants is dominated by North America because of rising healthcare costs and a growing number of households with pets. As a result of the rising number of veterinary hospitals in the area, Asia-Pacific is anticipated to develop at the highest growth rate throughout the forecast period.
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