Global Veterinary Orthopedic Implants Market to Surpass US$ 391.9 Million by 2027, Says Coherent Market Insights (CMI)

SEATTLE--()--According to Coherent Market Insights, the global veterinary orthopedic implants market is estimated to be valued at US$ 255.1 million in 2020 and is expected to exhibit a CAGR of 5.9% during the forecast period (2020-2027).

Key Trends and Analysis:

The global veterinary orthopedic implants market is expected to witness significant growth owing to strategic acquisitions by key player. For instance, in December 2017, MWI Animal Health, a part of AmerisourceBergen, announced the acquisition of Northeast Veterinary Supply Co. (NEVSCO), an independent, regional distributor of veterinary pharmaceuticals and medical supplies servicing primarily the northeast region of the U.S. The acquisition of NEVSCO continues to strengthen MWI’s position to better support the viability of independent veterinary practices and provide even greater value and care to current and future animal health customers.

Moreover, in January 2015, AmerisourceBergen and MWI Veterinary Supply, Inc. announced that they have entered a definitive agreement for AmerisourceBergen to acquire MWI Veterinary Supply (MWI), the global animal health distribution company in the U.S. The acquisition of MWI is expected to contribute around 8 cents in adjusted earnings per share to AmerisourceBergen’s fiscal year 2015, and is expected to generate around US$ 50 million in synergies.

Launch of veterinary orthopedic implants is also expected to drive growth of the global veterinary orthopedic implants market. For instance, in October 2019, Veterinary Orthopedic Implants launched HyProtect, an antimicrobial coated implant. The product is pure elemental-silver based plasma coating that offers continuous diffusion of silver ions to prevent the growth of bacteria on the surface of the implant for up to 3 months.

Furthermore, in August 2019, Jindal Medi Surge, Inc., launched KE Clamp, a veterinary external fixator which supports in fracture repair.

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Key Market Takeaways:

The global veterinary orthopedic implants market is expected to exhibit a CAGR of 5.9 % during the forecast period (2020-2027) owing to strategic partnerships and collaborations. For instance, in January 2019, BioMedtrix partnered with Laboratorios Macrimasa-Vet as an exclusive distributor of the Universal Hip (including Micro & Nano Hip), TPLO Curve, and I-Loc IM Fixator in Spain.

North America is expected to be the most lucrative region in the veterinary orthopedic implants market owing to the presence of trained veterinary professionals in the region. According to the American Veterinary Medical Foundation (AVMF) statistics, in 2017, over 110,000 veterinary professionals were recorded in the U.S.

Competitive Landscape:

Key players operating in the global veterinary orthopedic implants market are B. Braun Vet Care GmbH, BioMedtrix, LLC, IMEX Veterinary, Inc., Innoplant Medizintechnik GmbH, KYON AG, Orthomed (UK) Ltd., BLUESAO Co. Ltd., New Generation Devices (NGD), Johnson & Johnson, MWI Animal Health, AmerisourceBergen Corporation, Platon Japan Co., Ltd., Veterinary Orthopedic Implants, NORER Orthopedic & Dental, OC Oerlikon Management AG, Jindal Medi Surge, Inc. and Mercury Orthopedics and Design, Inc.

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Market Segmentation:

  • Global Veterinary Orthopedic Implants Market, By Product Type:
    • Advanced Locking Plate System
    • Tibial Plateau Leveling Osteotomy Implants
    • Tibial Tuberosity Advancement Implants
    • Total Elbow Replacement
    • Total Hip Replacement
    • Total Knee Replacement
    • Trauma Fixations
    • Others
  • Global Veterinary Orthopedic Implants Market, By Animal Type:
    • Dog
    • Cat
    • Others
  • Global Veterinary Orthopedic Implants Market, By Material:
    • Stainless Steel
    • Titanium
    • Others
  • Global Veterinary Orthopedic Implants Market, By End User:
    • Veterinary Hospitals
    • Veterinary Clinics
    • Veterinary Ambulatory Services
  • Global Veterinary Orthopedic Implants Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

Contacts

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

Release Summary

North America is expected to be the most lucrative region in the veterinary orthopedic implants market during forecast period 2020-2027.

Contacts

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter