South Africa Veterinary Orthopedic Medicine Market Size & Outlook
South Africa veterinary orthopedic medicine market, 2018-2030 (US$M)
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South Africa veterinary orthopedic medicine market highlights
- The South Africa veterinary orthopedic medicine market generated a revenue of USD 7.5 million in 2023 and is expected to reach USD 12.0 million by 2030.
- The South Africa 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 7.5 million |
| Market revenue in 2030 | USD 12.0 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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa veterinary orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.5 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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South Africa 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 46.67% in 2023. Horizon Databook has segmented the South Africa veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing popularity of stem cell therapy in the country is propelling veterinary orthopedic medicine market. Stem cell therapy is promising for treating various orthopedic disorders in animals, including arthritis, ligament damage, and fractures.
This therapy uses stem cells' regenerative potential to restore damaged tissues and promote healing. One of the primary reasons for stem cell therapy's popularity is its ability to provide long-term treatment and improve quality of life for animals suffering from orthopedic disorders.
Moreover, there is a growing need for innovative medicines like stem cell therapy as pet owners look for advanced methods to treat their cherished pets. For example, Blue Hills Veterinary Hospital offers stem cell-based regenerative treatment.
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Target buyers of South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa veterinary orthopedic medicine market, including forecasts for subscribers. This country databook contains high-level insights into South Africa veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa veterinary orthopedic medicine market report size, by product, 2018-2030 (US$M)
South Africa Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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