Veterinary orthopedic implants are a common procedure used in the treatment of musculoskeletal injuries in dogs. The procedure involves a bridging plate that fits over the femoral head of a dog's hip. The procedure has been successful in many animals.
The market for veterinary orthopedic implants is segmented according to product type and application. It can be further divided by end-uses. North America, Europe, Asia Pacific, Latin America, and the Middle East are the major regional markets for veterinary orthopedic implants. Some of the leading companies operating in the market are:
The global veterinary orthopedic implants market is anticipated to grow at a CAGR of 9.6% during the forecast period. Increasing adoption of companion animals, including dogs, is a major factor driving the market. However, the rising costs and lack of insurance coverage are preventing pet owners from adopting the treatment.
Market growth is expected to continue at a rapid pace in the coming years, driven by a number of factors, including the growing number of pet owners and government support for veterinary care. Increased animal welfare spending and the increasing disposable income of pet owners are also expected to foster the market growth. Furthermore, rapid technological advancements are expected to further propel the market growth over the next few years.