It is indeed a phase of transition for the global veterinary orthopedics market. The market that was once a neglected one has metamorphosed into one that is poised for a substantial growth.
With the rise in the trend of pet adoption for various reasons, the global veterinary orthopedics market is all set to flourish. Rise in the capacity of per capita spending in developing countries is another factor likely to reflect positively on the expansion of global veterinary orthopedics market.
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Rising incidences of petarthritis and obesity areforeseen to drive the growth of global veterinary orthopedics market. High prevalence of pet obesity is directly proportional to rising incidences of osteoarthritis, which is estimated to propel the progress of global veterinary orthopedics market in the years to come.
Furthermore, rise in the number of veterinary practitioners together with fast-paced technological progress in the segment of veterinary devices are the major growth factors.In the recent years, there has been an increase in the number of veterinarysurgicalprocedures and hospitals. It is boosting the global veterinary orthopedics market.
According to a report byAmerican Academy of Physician Assistants, nearly 20.8 million dogs went through surgical procedures in US, in the year 2016. Out of those 20.8 million dogs, 5.8 million had extremely painful surgeries. The above-mentioned reasons are likely to give impetus to the global veterinary orthopedics market.
Some of the prominent players operating in the global veterinary orthopedics market are Veterinary Orthopedic Implants,GerMed USA, B.Braun Vet care GmbH, and KYON pharma Inc.
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These leading market players are focusing on technological progress and are trying to expand the existing product portfolio. These industry leaders are looking forward to get involved with more of research and development activities to maintain their existing position in the global veterinary orthopedics market across the globe.