World News: 09:41 GMT Wednesday 11th September 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Sept. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global veterinary orthopedics market size is expected to reach USD 752.96 million by 2026, it is projected to register a CAGR of 8.4% during the forecast period.Growing incidence of pet obesity and arthritis is expected to drive the growth. Moreover, increasing number of veterinary practitioners coupled with rapid technological advancements in veterinary devices are the major factors driving the market. Moreover, high prevalence of pet obesity increases the risk of osteoarthritis, which is expected to propel the market growth in near future.Moreover, increasing number of veterinary hospitals and surgical procedures are further fueling the veterinary orthopedics market. According to the AAPA report, in U.S. around 20.8 million dogs went through surgery in 2016 and among them 5.8 million had very painful surgeries. The aforementioned reasons are expected to further boost the market growth. For instance, in July 2018, B. Braun Vet Care entered into an agreement with CP Medical to market B. Braun's veterinary infusion therapy product in U.S. and Canada.North America held the dominant market share in 2018, due to the favorable insurance policies and new product developments. For instance, In December 2015, Universal Medical Systems, Inc. introduced Computed Tomography (CT) system in partnership with Equine 4DDI which is used for whole-body scans of moving and standing horses.
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Globe Newswire: 09:41 GMT Wednesday 11th September 2019
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