Canada Veterinary Orthopedic Medicine Market Size & Outlook
Canada veterinary orthopedic medicine market, 2018-2030 (US$M)
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Canada veterinary orthopedic medicine market highlights
- The Canada veterinary orthopedic medicine market generated a revenue of USD 52.9 million in 2023 and is expected to reach USD 105.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.4% 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 52.9 million |
| Market revenue in 2030 | USD 105.9 million |
| Growth rate | 10.4% (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, Canada accounted for 3.3% 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 North America, U.S. veterinary orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 105.9 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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Canada 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 46.69% in 2023. Horizon Databook has segmented the Canada veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The rising use of stem cell therapy in the country is driving the veterinary orthopedic medicine market. Market for veterinary orthopedic medicine is significantly impacted by the existence of hospitals that provide stem cell therapy.
Stem cell therapy has shown promise in treating several orthopedic disorders in animals, including joint injury, osteoarthritis, and tendon or ligament damage. For instance, Animal Medical Center of Ontario (Canada) offers services, including stem cell therapy.
An innovative medical technique called stem cell treatment can be used to treat a variety of ailments in pets. It is most commonly used to treat chronic conditions like arthritis as well as injuries to the joints, ligaments, bones, tendons, and spine.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into Canada veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
Canada Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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