Germany Veterinary Orthopedic Medicine Market Size & Outlook
Germany veterinary orthopedic medicine market, 2018-2030 (US$M)
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Germany veterinary orthopedic medicine market highlights
- The Germany veterinary orthopedic medicine market generated a revenue of USD 113.7 million in 2023 and is expected to reach USD 181.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.9% 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 113.7 million |
| Market revenue in 2030 | USD 181.1 million |
| Growth rate | 6.9% (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, Germany accounted for 7.0% 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 Europe, UK veterinary orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 23.1 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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Germany 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 45.73% in 2023. Horizon Databook has segmented the Germany veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
Germany ranked first for the largest equine population in Europe, with 4,48,702 in 2023, as Germany has a large population of horses, with a significant portion being involved in various activities like sports, racing, and leisure riding. Increased activity increases the orthopedic injuries and illnesses in equines.
German veterinarians adhere to high standards of care, ensuring that equine orthopedic conditions are diagnosed accurately and treated effectively. This commitment to quality care contributes to the overall growth of the orthopedic medicine market.
Moreover, economic impact of equine orthopedic illnesses is significant, considering the cost of veterinary services, medications, surgeries, and rehabilitation. This drives the demand for orthopedic products and services in the market. These factors are responsible for veterinary orthopedic medicine market in the country.
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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 Germany veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into Germany veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
Germany Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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