Brazil Veterinary Orthopedic Medicine Market Size & Outlook
Brazil veterinary orthopedic medicine market, 2018-2030 (US$M)
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Brazil veterinary orthopedic medicine market highlights
- The Brazil veterinary orthopedic medicine market generated a revenue of USD 56.0 million in 2023 and is expected to reach USD 95.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Viscosupplements is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary orthopedic medicine market data book summary
| Market revenue in 2023 | USD 56.0 million |
| Market revenue in 2030 | USD 95.7 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Viscosupplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Viscosupplements, Pharmaceuticals |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Elanco Animal Health Inc, Daiichi Sankyo Co Ltd, Merck & Co Inc, Vetoquinol SA, Ceva Santé Animale, Virbac SA, Biogenesis Bago, Ardent Health Services, Biomerica Inc, PetVivo Holdings, Contipro, Medrego, Hyalogic |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.5% of the global veterinary orthopedic medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 88.6 million by 2030.
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Veterinary Orthopedic Medicine Market Scope
Veterinary Orthopedic Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil veterinary orthopedic medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary orthopedic medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 46.43% in 2023. Horizon Databook has segmented the Brazil veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing occurrence of orthopedic diseases in athletic bulls is likely to fuel the veterinary orthopedic medicine market as owners and breeders seek ways to ensure the health & performance of their valuable animals.
For example, according to a study published by Pesquisa Veterinária Brasileira (Brazilian Journal of Veterinary Research) in November 2019, a retrospective analysis of radiographic alterations in athletic bulls with orthopedic diseases was carried out.
The research aimed to identify the lesions that impact bull athletes and establish a correlation between the abnormalities and factors like age, weight, affected limb, and area of the limb. The study utilized radiographic images of competitive rodeo bulls from the veterinary hospital's large animal medical and surgical files.
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Our clientele includes a mix of veterinary orthopedic medicine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into Brazil veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
Brazil Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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