FMI Predicts Veterinary Orthotics-Prosthetics Market to Achieve US$164.2 Million by 2033, Maintaining a 9.5% CAGR

Veterinary Orthotics-Prosthetics Market
Veterinary Orthotics-Prosthetics Market

In its most recent report, Future Market Insights (FMI) foresees the veterinary orthotics-prosthetics market poised for remarkable growth. By the year 2023, it is expected to exceed a valuation of US$ 66.5 million. Looking ahead, the market’s trajectory is even more promising, with projections indicating it will reach a substantial US$ 164.2 million by 2033. This upward trend is underpinned by a robust compound annual growth rate (CAGR) of 9.5% during the forecast period.

The surge in demand for veterinary orthotics prosthetics devices can be attributed to the rising number of cases involving injured animals. These specialized devices are affixed to the afflicted animals’ bodies, offering support, alignment, immobilization, muscle reinforcement, and enhanced functionality. Additionally, the applications of veterinary orthotics prosthetics have broadened as they are increasingly employed 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 on the basis of 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 on the basis of 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:

  1. OrthoPets LLC.
  2. Animal Ortho Care
  3. AAA Orthotics and Prosthetics
  4. Anchor Orthotics & Prosthetics
  5. Animal Care Castle Rock OrthoPets Castle Rock
  6. Appletree Orthotic Services Ltd
  7. Animal Orthocare
  8. Avondale Veterinary Healthcare Complex OrthoPets Iowa
  9. Buddy Braces
  10. Dogs in Motion Canine Rehabilitation OrthoPets Australia
  11. Equisport Medicine OrthoPets Washington
  12. HandicappedPets.com
  13. Hanger Clinic
  14. Holisticvet OrthoPets South Africa
  15. J.G. McGinness Prosthetics & Orthotics
  16. 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 Veterinary Orthotics-Prosthetics market research gets rid of the following queries:

  1. How the market for Veterinary Orthotics-Prostheticss is expected to shape in the coming ten years?
  2. What strategies are the Veterinary Orthotics-Prosthetics market vendors implementing to stay ahead of their rivals?
  3. Why are consumers shifting towards alternative Veterinary Orthotics-Prosthetics products?
  4. What innovative technologies are the Veterinary Orthotics-Prosthetics players using to get an edge over their rivals?
  5. 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, 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.

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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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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