North America Veterinary Regenerative Medicine Market Size & Outlook
North America veterinary regenerative medicine market, 2018-2030 (US$M)
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North America veterinary regenerative medicine market highlights
- The North America veterinary regenerative medicine market generated a revenue of USD 68.7 million in 2022.
- The market is expected to grow at a CAGR of 11.1% from 2023 to 2030.
- In terms of segment, stem cells was the largest revenue generating product in 2022.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 68.7 million |
| Market revenue in 2030 | USD 159.0 million |
| Growth rate | 11.1% (CAGR from 2022 to 2030) |
| Largest segment | Stem cells |
| Fastest growing segment | Other Products |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stem cells, Other Products |
| Key market players worldwide | Boehringer Ingelheim, Zoetis Inc Class A, Dechra Pharmaceuticals, Integra Lifesciences Holdings Corp, Ardent Health Services, Vetherapy, VET-STEM INC., Enso Discoveries, Animal Cell Therapies |
Other key industry trends
- In terms of revenue, North America region accounted for 41.9% of the global veterinary regenerative medicine market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65.2 million by 2030.
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Veterinary Regenerative Medicine Market Scope
Veterinary Regenerative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America veterinary regenerative 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 regenerative medicine market will help companies and investors design strategic landscapes.
Stem cells was the largest segment with a revenue share of 52.4% in 2022. Horizon Databook has segmented the North America veterinary regenerative medicine market based on stem cells, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The North America veterinary regenerative medicine market held the largest share of 41.53% of the global market in 2023, primarily due to the high prevalence of canine osteoarthritis and the limitations of existing treatment options. Regenerative medicine, featuring stem cell transplants, stands out as a cutting-edge and FDA-approved approach for addressing orthopedic problems in dogs.
It is a highly promising solution for improving the quality of life for pets suffering from arthritis. The rising prevalence of osteoarthritis in dogs, affecting nearly 40% of the canine population in the U.S., poses a significant health concern. This condition is physically painful and takes a toll on the emotional wellbeing of pets.
Existing treatment options for osteoarthritis in dogs have limitations, including low effectiveness, challenges in administration, and safety concerns, resulting in a low treatment rate. Regenerative Medicine, notably using FDA-approved stem cell transplants, emerges as a groundbreaking solution. It promotes joint regeneration and addresses various canine orthopedic issues, including arthritis, tendon and ligament injuries, cartilage damage, and bone fractures.
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Target buyers of North America veterinary regenerative medicine market databook
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Our clientele includes a mix of veterinary regenerative 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 continent-level data and insights on the North America veterinary regenerative medicine market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary regenerative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary regenerative medicine market size, by country, 2018-2030 (US$M)
North America Veterinary Regenerative Medicine Market Outlook Share, 2022 & 2030 (US$M)
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