According to FutureWise analysis the market for canine orthopedics in 2023 is US$ 0.26 billion, and is expected to reach US$ 0.5 billion by 2031 at a CAGR of 8.60%.
The canine orthopedics market was negatively affected by the COVID-19 pandemic. Due to movement constraints, postponed or canceled elective veterinary orthopedic surgeries, and fewer veterinary visits, demand and sales were low. For example, in March 2020, the Harmony Veterinarian Center in the United States halted all veterinary elective treatments. It was one of a number of veterinary service companies to do so. According to an AVMA poll conducted in April 2020, 98 percent of veterinarians said the pandemic has resulted in a decrease in client interaction. Approximately two-thirds of those polled said they had postponed some surgical treatments. Due to supportive actions and guidelines that aided the restart of veterinary surgeries, the volume of surgeries steadily recovered. The COVID-19 pandemic has had a negative impact on overall sales.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Canine 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 Canine 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.