The Veterinary Orthotics-Prosthetics Market is experiencing explosive growth, driven by a rising focus on pet health and well-being. According to a recent report by Future Market Insights (FMI), a leading market research firm, the market size surpassed an impressive US$66.5 million in 2023. This positive trend is expected to continue, with projections indicating the market will reach a remarkable US$164.2 million by 2033. This translates to a robust Compound Annual Growth Rate (CAGR) of 9.5% over the next decade.
The research from FMI states that the increasing number of instances involving damaged animals is the main cause of this demand spike. For animals with physical difficulties, veterinary orthotic prosthetic devices offer vital support, alignment, immobilization, muscle strengthening, and improved functioning. They are now essential to the care and recuperation of animals as a result, especially in the wake of injuries or illnesses that affect their mobility and overall well-being.
The market study depicts an extensive analysis of all the players running in the Global Veterinary Orthotics-Prosthetics Industry report based on distribution channels, local networks, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies and mergers & acquisitions associated with the players are enclosed in the Global Veterinary Orthotics-Prosthetics Industry report.
In its latest business report, Future Market Insights elaborates on the current situation of the Global Veterinary Orthotics-Prosthetics Industry in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players based on demand patterns, and future prospects.
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Canine Rehabilitation’s Role in Shaping the Veterinary Orthotics-Prosthetics Market”
The Global Veterinary Orthotics-Prosthetics Industry is on an upward trajectory, largely fueled by the increasing awareness of rehabilitation options for animals. Canine rehabilitation, in particular, has witnessed significant advancements in contemporary veterinary medicine, driven by ongoing research initiatives from various institutions, thereby amplifying the demand for veterinary orthotics and prosthetics.
The market is further poised for growth, spurred by continuous innovations in prosthetic device technology, the trend towards customized prosthetic solutions, and the global consolidation of the Global Veterinary Orthotics-Prosthetics Industry.
Key Challenges for the Global Veterinary Orthotics-Prosthetics Industry:
Limited Government and Non-Profit Support: A notable impediment to the Global Veterinary Orthotics-Prosthetics Industry’s growth is the lack of substantial support from government and non-profit organizations.
Awareness Gap: The market is hindered by a deficiency in awareness regarding the availability and benefits of veterinary orthotics-prosthetics.
Professional Expertise Shortage: Inappropriate use of these devices is another constraint, stemming from the scarcity of skilled professionals, which may restrict the sales of veterinary orthotics and prosthetics.
What key insights does the Veterinary Orthotics-Prosthetics Market research provide?
- Historical and current year revenue of related Veterinary Orthotics-Prosthetics market players analyzed at the regional level.
- One by one company profile of prominent stakeholders.
- Analysis of the Veterinary Orthotics-Prosthetics market size based on product type and end-use type.
- Accurate Veterinary Orthotics-Prosthetics market forecast in terms of value and volume in numbers and percentages.
- Demand prospect of each segment covered in the report.
Key Companies Profiled:
- OrthoPets LLC.
- Animal Ortho Care
- AAA Orthotics and Prosthetics
- Anchor Orthotics & Prosthetics
- Animal Care Castle Rock OrthoPets Castle Rock
- Appletree Orthotic Services Ltd
- Animal Orthocare
- Avondale Veterinary Healthcare Complex OrthoPets Iowa
- Buddy Braces
- Dogs in Motion Canine Rehabilitation OrthoPets Australia
- Equisport Medicine OrthoPets Washington
- com
- Hanger Clinic
- Holistic vet OrthoPets South Africa
- G. McGinness Prosthetics & Orthotics
- K-9 Orthotics & Prosthetics
Veterinary Orthotics-Prosthetics Market Key Segments
By Product Type:
- Braces
- Stifle braces
- Carpal/Tarsal braces
- Hip braces
- Contracture Bracing
- Deformity Braces
- Prosthetics
- Others
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By End User:
- Veterinary Hospitals
- Prosthetics clinics
- Rehabilitation Center
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- MEA
The Veterinary Orthotics-Prosthetics Market research gets rid of the following queries:
- How the market for Veterinary Orthotics-Prostheticss is expected to shape in the coming ten years?
- What strategies are the Veterinary Orthotics-Prosthetics market vendors implementing to stay ahead of their rivals?
- Why are consumers shifting towards alternative Veterinary Orthotics-Prosthetics products?
- What innovative technologies are the Veterinary Orthotics-Prosthetics players using to get an edge over their rivals?
- What are the restraints affecting the growth of the Global Veterinary Orthotics-Prosthetics Industry?
Why choose Future Market Insights?
- Modern technologies, such as artificial intelligence, to provide updated industry trends.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective.
- Interaction with research scientists and development heads to understand the nature of the market more precisely.
- Three-step quality check process – Data collection, triangulation, and validation.
- 24/7 availability of services.
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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