In a recent report, Future Market Insights (FMI) has unveiled a compelling forecast for the Global Veterinary Orthotics-Prosthetics Industry, indicating a robust growth trajectory that is set to redefine the landscape of animal care. As of 2023, the industry is poised to surpass a valuation of US$ 66.5 million, with a projected surge towards an impressive US$ 164.2 million by 2033. This optimism is underpinned by a formidable compound annual growth rate (CAGR) of 9.5% throughout the forecast period.
The driving force propelling this remarkable surge is the escalating demand for veterinary orthotic prosthetics devices, driven by the rising number of cases involving injured animals. These specialized devices play a pivotal role in the rehabilitation process, offering critical support, alignment, immobilization, muscle reinforcement, and enhanced functionality for animals facing physical challenges.
The market study conducted by FMI presents an in-depth analysis of all stakeholders in the Global Veterinary Orthotics-Prosthetics Industry. The report evaluates distribution channels, local networks, innovative product launches, industrial penetration, production methods, and revenue generation. Furthermore, the report encapsulates the market strategies and mergers & acquisitions associated with key players in the industry.
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 Global Veterinary Orthotics-Prosthetics Industry”
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 Orthotics-Prosthetics Market:
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 Global Veterinary Orthotics-Prosthetics Industry 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.
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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
- McGinness Prosthetics & Orthotics
- K-9 Orthotics & Prosthetics
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 Global Veterinary Orthotics-Prosthetics Industry 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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