China Veterinary Orthopedic Medicine Market Size & Outlook
China veterinary orthopedic medicine market, 2018-2030 (US$M)
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China veterinary orthopedic medicine market highlights
- The China veterinary orthopedic medicine market generated a revenue of USD 76.7 million in 2023 and is expected to reach USD 137.2 million by 2030.
- The China market is expected to grow at a CAGR of 8.7% 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 76.7 million |
| Market revenue in 2030 | USD 137.2 million |
| Growth rate | 8.7% (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, China accounted for 4.7% 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 Asia Pacific, China veterinary orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 11.1 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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China 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 46.15% in 2023. Horizon Databook has segmented the China veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The Waltham Petcare Science Institute conducted a multi-country survey in China, Brazil, Russia, the UK, and the U.S. to investigate reasons for rise in pet obesity. According to research, a growing number of young animals are becoming obese, with 21% of dogs being overweight by the age of 6 months.
Up to 59% of dogs and 52% of cats were obese. It was found that pet owners (54% of dogs and 50% of cats) were overfeeding their animals without monitoring the amount of food they were giving them. Treats are frequently given by pet owners to their animals in exchange for their affection, which increases the risk of obesity and other health issues.
Hence, obesity in pets can lead to various orthopedic issues, including joint pain, arthritis, and ligament injuries. This is a significant factor driving the market in China. Furthermore, as pet owners become more aware of the impact of obesity on their pets' health and seek out solutions, the demand for veterinary orthopedic services and products continues to rise.
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Target buyers of China veterinary orthopedic medicine market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into China veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
China Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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