According to FutureWise analysis the market for veterinary orthopedics in 2023 is US$ 0.5 billion, and is expected to reach US$ 0.9 billion by 2031 at a CAGR of 7.70%.
The Veterinary Orthopedics market's revenue growth would be aided by an increase in the number of animal hospitals and increased demand for effective animal care. According to the American Veterinary Medical Association, pet owners in the United States spent approximately $15 billion on veterinary surgeries in 2017, and the number of veterinarians has expanded in recent years. Furthermore, athletic activities for pets done in the United States will have a greater risk of injury, resulting in the market's rise. Furthermore, the veterinary orthopaedics market will be fueled by technological improvements in veterinary orthopaedic devices and increased government activities related to animals, as well as the growing popularity of pets.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Veterinary Orthopedics Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Veterinary Orthopedics Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.