India Veterinary Orthopedic Medicine Market Size & Outlook
India veterinary orthopedic medicine market, 2018-2030 (US$M)
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India veterinary orthopedic medicine market highlights
- The India veterinary orthopedic medicine market generated a revenue of USD 43.7 million in 2023 and is expected to reach USD 93.0 million by 2030.
- The India market is expected to grow at a CAGR of 11.4% 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 43.7 million |
| Market revenue in 2030 | USD 93.0 million |
| Growth rate | 11.4% (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, India accounted for 2.7% 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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India 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 48.05% in 2023. Horizon Databook has segmented the India veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The rising incidence of arthritis in dogs and other animals significantly impacts veterinary orthopedic medicine market in India. According to an article published by Times of India in July 2023, dogs with arthritis often have degenerative joint disease, which results in joint stiffness, discomfort, and inflammation.
Although it typically affects older dogs, it can also affect younger dogs for various reasons, including genetics, trauma, or illnesses. The common belief is that arthritis primarily affects older dogs, yet hip dysplasia, which causes malformed hip or femur joints, can cause arthritic changes in dogs as young as 6 months
This condition is brought on by continuous friction at the ball-and-socket joint. Furthermore, improvements in veterinary medicine have led to more complex treatment choices, including joint replacement procedures and regenerative medicine techniques, contributing to market growth.
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Target buyers of India 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 India veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into India veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
India Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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