ALBANY, New York, March 17, 2020
- Compound Annual Growth Rate of veterinary orthopedic implant market to be 7.1 % from 2018 to 2026
- Emotional and physical health benefits of pet ownership, driving demand for adoption, propelling growth in market
ALBANY, New York, March 17, 2020 /PRNewswire/ -- In the veterinary orthopedic implant market, robust growth is forecasted owing to multiple factors. A prominent reason supporting this growth is an increase in pet ownership. Besides, as pet role expands from playthings to companions, their health is gaining prominence.
As per Transparency Market Research, "From 2018 to 2026, the global veterinary orthopedic implants market will chart growth at 7.1%, compounded annually, pushing the market worth up to USD 0.16 bn. by the end of the stated period. Increase in adoption of companion animals is fueling growth in the market in a major way."
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Key Findings of Global Veterinary Orthopedic Implant Market
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Key Drivers of Growth in the Global Veterinary Orthopedic Implant Market
Growth in global veterinary orthopedic implant market is an outcome of an interplay between a number of trends and drivers, notes Transparency Market Research. A synopsis is provided below:
Key Impediments in Growth of Global Veterinary Orthopedic Implant Market
Despite positive projections, certain restrains would hamper growth in the global veterinary orthopedic implant market. As per Transparency Market Research, high cost of surgeries is a notable one. It would impact market penetration, particularly in emerging economies.
Regional Analysis of Global Veterinary Orthopedic Implant Market
Analyze veterinary orthopedic implant market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Veterinary Orthopedic Implant Market
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