Veterinary Orthopedic Implant Market:North America Slated to Grab Bigger Share

Posted by Deeksha on May 22nd, 2019

Medical devices have been implanted in both animals and humans to treat an array of orthopedic condition for almost a century. Unlike in humans, most of the implants are understood to remain in the body perpetually as animals have ephemeral life. These excerpts are according to the report titled, “Veterinary Orthopedic Implant Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,” which has been added to the ever-expanding repository of Market Research Hub (MRH). Growing number of pet ownership and pet population are being observed in the recent past. According to the American Pet Products Association (APPA), US households owned more than 94 million cats in 2017, while dog population neared 90 million in the same year. After decades of painstaking research and clinical testing, bioabsorbable implants are gradually being used in a number of human orthopedic procedures. That said, almost all veterinary orthopedic implants are manufactured using titanium or titanium-based alloys, stainless steel. Recently, bioabsorbable implants have gained traction for use in veterinary patients. The bioabsorbable implants introduced in the veterinary industry are presently being used in tibial tuberosity advancement (TTA) procedures. This surgical procedure is able to treat cranial cruciate ligament (CrCL) deficient stifle joints. Rising incidence of traffic accidents, animal fights are also known to foster the veterinary orthopedic implant market. North America is set to grab a bigger share of pie apropos with respect to market share, attributed mainly to soaring pet expenditure and rising pet adoption. Meanwhile, with soaring number of veterinarians and surging research and development cost, Europe will hold considerable share during the assessment period. Asia Pacific is projected to grow at an average pace, while MEA and Latin America will observed a stable growth.

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Veterinary Orthopedic Implant Market: Report Content

The report offers a robust assessment on the veterinary orthopedic implant market which is propelled by quantitative and qualitative analysis. In addition, the report focuses on the situation in the market that have significant influence on the development of the Veterinary orthopedic implant market, including drivers, trends, opportunities, restraints. The report also delineates segmentation of the market to provide a thorough analysis of the veterinary orthopedic implant market.

The report incorporates executive summary followed by overview section which showcase a coherent assessment of the veterinary orthopedic implant market. Moreover, the market overview section peruses on PESTLE analysis to provide a thorough analysis on the veterinary orthopedic implant market. Furthermore, the overview section also delves into Porters’ Five Force analysis which historically help in assessing competitive landscape with respect to veterinary orthopedic implant market.

The coherent assessment of competitive scenario of the veterinary orthopedic implant market is propelled by assessment of Porters’ Five Force Analysis. Moreover, the Porters’ Five Force Analysis throws light on the feasible strategies of the major players who are active in the veterinary orthopedic implant market. Meanwhile, the report also shed light on SWOT analysis, company profile, product portfolio, recent development and key differentiation.

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Veterinary Orthopedic Implant Market: Research Methodology

Primary sources and secondary sources have been applied to offer a judicious assessment on veterinary orthopedic implant market. The secondary research incorporates trade journals, EC filing, resourceful database and Factiva. Furthermore, the report banks on primary research, including genuine assessment from experts, veracious and unbiased insights from seasoned analyst, surveys and telephonic interview. The report also peruses into absolute dollar opportunity analysis and Y-o-Y projections to provide a deep dive analysis of the market.