Italy Veterinary Orthopedic Medicine Market Size & Outlook
Italy veterinary orthopedic medicine market, 2018-2030 (US$M)
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Italy veterinary orthopedic medicine market highlights
- The Italy veterinary orthopedic medicine market generated a revenue of USD 51.6 million in 2023 and is expected to reach USD 92.7 million by 2030.
- The Italy 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 51.6 million |
| Market revenue in 2030 | USD 92.7 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, Italy accounted for 3.2% 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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Italy 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 46.71% in 2023. Horizon Databook has segmented the Italy veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, due to an increasing number of people adopting pets, the market for veterinary orthopedic medicine is projected to grow moderately over the forecast period. The market is driven by an increase in attention and expenditure to protect animals from conditions such as obesity.
A report published by the global pet industry in November 2023 stated that pet care costs in Italy range from USD 820 to USD 1,261 per year. In 2023, over 29% of pet owners chose pet insurance, an increase from 20.4% in 2022.
In 2022, veterinary clinic expenses in Italy amounted to USD 743.22 million. Since 2021, spending on pet medicines has increased by 26%, from USD 204 to USD 257. These factors significantly contribute to the country's market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into Italy veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
Italy Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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