Veterinary Orthotics Prosthetics Industry on Track to Hit US$164.2 Million by 2033, | According to FMI
Future Market Insights (FMI) has released its latest report, unveiling a promising future for the veterinary orthotics-prosthetics industry. By 2023, it is expected to surpass a valuation of US$ 66.5 million, and the trajectory for the market appears even more encouraging. Projections indicate that by 2033, the market is poised to reach a substantial US$ 164.2 million, bolstered by a robust compound annual growth rate (CAGR) of 9.5% over the forecast period.
The surge in demand for veterinary orthotic prosthetics devices can be attributed to the increasing number of cases involving injured animals. These specialized devices play a crucial role in providing support, alignment, immobilization, muscle reinforcement, and improved functionality for afflicted animals. Furthermore, the applications of veterinary orthotics-prosthetics have expanded, as they are increasingly utilized to compensate for missing or amputated limb segments.
The market study depicts an extensive analysis of all the players running in the Veterinary Orthotics-Prosthetics market 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 Veterinary Orthotics-Prosthetics market report.
In its latest business report, Future Market Insights elaborates on the current situation of the global Veterinary Orthotics-Prosthetics market 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 veterinary orthotics prosthetics market 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 veterinary orthotics-prosthetics market.
Key Challenges for the Orthotics-Prosthetics Market:
Limited Government and Non-Profit Support: A notable impediment to the veterinary orthotics-prosthetics market’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.
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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
- G. 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
- META
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 market?
Why choose Future Market Insights?
- Modern technologies, such as artificial intelligence, 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.
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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