The major players in the veterinary orthopedic implant market are KYON Pharma Inc., Veterinary Orthopedic Implants Inc., BioMedtrix, LLC, IMEX Veterinary Inc., Orthomed (UK) Ltd, Securos Surgical, B. Braun Vet Care, Bluesao and DePuy Synthes Vet.
New York, September 28, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Global Veterinary Orthopedic Implants Market Report 2021: COVID-19 Growth and Changes to 2030"-https://www. reportlinker. com/p06151530/?utm_source=GNW The global veterinary orthopedic implant market is expected to grow from USD 90 million in 2020 to USD 100 million in 2021, with a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the company's resumption of operations and adapting to the new normal, while recovering from the effects of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and closure of business activities, leading to operations challenge. It is estimated that by 2025, the market will reach USD 140 million at a compound annual growth rate of 9%. The veterinary orthopedic implant market includes the sale of veterinary orthopedic implants and related services. Veterinary orthopedic implants are used by veterinarians for bone fixation surgery and treatment of animal fractures. They are usually made of pure commercial titanium (Ti) or titanium alloys and other metals, stainless steel, and cobalt-chromium (Co-Cr) alloys. Orthopedic implants are also used as support structures for fracture healing and reconstructive surgery. Orthopedic implants include screws, plates, needles, and threads, and are used for surgery on animals. The veterinary orthopedic implant market covered by this report is subdivided by product type into advanced locking plate systems, tibial platform leveling osteotomy implants, tibial tuberosity advancement implants, total elbow replacement, total hip replacement, total knee replacement, The trauma is fixed. It is also divided into dogs, cats, etc. by animals, and divided into veterinary hospitals, veterinary clinics, and veterinary surgery centers by end users. The regions covered by this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The high cost of orthopedic surgery has inhibited the growth of the veterinary orthopedic implant market. Surgical expenses include equipment, X-rays, consumables, etc., which many families cannot afford. For example, in the United States, the cost of a typical problem check is about US$400, while the cost of plastic surgery is between US$1,500 and US$4,000. Therefore, the high cost of orthopedic surgery limits the growth of the veterinary orthopedic market. In 2019, Infiniti Medical, a US-based designer and distributor of medical devices for the veterinary market, acquired Orthomed Ltd. for an undisclosed amount. Through this acquisition, Infiniti Medical aims to expand its product portfolio by adding Orthomed's products and services. Orthomed Ltd is a UK-based supplier of orthopedic products and systems for the veterinary industry. The increasing incidence of obesity and arthritis has increased the demand for the veterinary orthopedic implant market. Obesity is a condition where the weight of a pet affects the health of the pet to the point where the bones become weak, and the arthritis of the pet leads to the loss of strength in the bones. Obesity and arthritis can also lead to fractures and other bone and joint-related problems, both of which can have a detrimental effect on the overall health of the pet, resulting in a shortened lifespan. Therefore, the increase in obesity and arthritis events has increased the demand for orthopedic implants for veterinarians. According to the Banfield Pet Hospital report on 2.5 million dogs and 500,000 cats treated in the United States, the number of osteoarthritis (OA) cases in dogs increased by 66% and cats increased by 150%. The report also infers that 52% of dogs and 41% of cats with OA are also overweight or obese. Therefore, the increase in health conditions that affect pet bones (such as obesity and arthritis) has a positive impact on the growth of the veterinary orthopedics market. Companies in the veterinary orthopedic implant market are investing in 3D printing technology to manufacture veterinary orthopedic implants. 3D printing in the veterinary orthopedics market is being used to create printed bone models, surgical guides and titanium implants. The use of 3D printing reduces operation time, cost and eliminates engineering complexity in orthopedic surgery. Following this trend, Langford Veterinary Services, a British veterinary service provider, has treated many dogs with skeletal deformities through cooperation with CBM. This collaboration enables CBM to create 3D printed models of animal implants using titanium Ti6AI4V EL material. The MRI or CT scan is sent from Langford Veterinary Services in Bristol to CBM, and then CBM uses the Arcam EBM Q10plus machine to generate the 3D printed model. CBM is a UK-based company that focuses on advanced research, product development, and mass manufacturing facilities. Therefore, the use of 3D printing is one of the latest trends in the veterinary orthopedic implant market and will contribute to the growth of the market. The countries covered by the market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. Read the full report: https://www.reportlinker.com/p06151530/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________
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