Rising prevalence of bone reconstruction in animals is the major driver for the rapid growth of the veterinary orthopedic drills market. The veterinary orthopaedic drills market is anticipated to reach US$ 26.9 million in 2022. With a CAGR of 2.9%, the market for veterinary orthopaedic drills is anticipated to reach US$ 36.8 million by 2032.
Veterinary orthopaedic drills are increasingly in demand as they are used in veterinary trauma surgery. Moreover, it is frequently used to drill holes in the bone to accommodate a screw or other threaded fixation device. Orthopedic drills for animals are becoming more and more popular.
Due to rising prevalence, there is rapid development in veterinary orthopedic drills development by innovator companies. Another such example is the replacement of traditional drills techniques with electrical drills these are mainly due to traditional drilling method majorly leads to osteonecrosis due to uncontrolled temperatures. Drilling is a pre-requisite for rigid fixation of bone and implants with screws and threaded devices. All these factors drive the burgeoning growth of veterinary orthopedic drills market. Along with rising demand due to increased compliance and less bone damage boosting the growth of the market.
Veterinary orthopedic drills are used for veterinary trauma surgery and are typically used to drill the bone to accommodate threaded device or screw for fixation. Orthopedic drills are mostly used in cruciate ligament reconstruction and basically drilling associated with a rise in temperature by converting mechanical energy into thermal energy of adjacent bone and soft tissues.
The magnitude of veterinary orthopedic drilling depends on rotation speed, axial thrust force, geometry, diameter and etc. Excessive temperature due to drilling can result in the osteonecrosis, or impairment of osteogenic potential of the bone. Veterinary orthopedic drills are mostly in bone reconstruction surgeries to treat injured bones.
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Damage due to drilling and sterilization issues of drills limits the growth of the veterinary orthopedic drills market.
Veterinary Orthopedic Drills Market: Market Overview
Global Veterinary Orthopedic Drills market has witnessed a robust growth due to increasing prevalence of orthopedic reconstruction of companion animals. Veterinary Orthopedic Drills market has a presence of many regional players which have a huge market share in emerging countries operating at regional or country level. There are huge opportunities for the untapped markets in emerging countries due to few approved players of the Veterinary Orthopedic Drills. The key players in the Veterinary Orthopedic Drills market are mainly focused on expansion by collaborations and partnerships with local vendors in increase the market reach of the products. The future of Veterinary Orthopedic Drills market anticipated with double CAGR during forecasting period.
Veterinary Orthopedic Drills Market: Region-Wise Overview
Global Veterinary Orthopedic Drills market segmented into following regions North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East and Africa. North America is dominant in the Global Veterinary Orthopedic Drills market mainly due to increasing prevalence. In North America, particularly the USA is dominating due to the high penetration of bone reconstruction.
Economic conditions in the APAC region are set to drive the Veterinary Orthopedic Drills market to new heights. European and APAC are fastest growing region due to rising awareness of Veterinary Orthopedic disorders. Growth in the Middle East and African region is considerably less when compared to the other regions. However, North America would maintain its position in the Veterinary Orthopedic Drills market, though, we are anticipating emerging economies such India, China, Brazil, to have the highest growth rate in Veterinary Orthopedic Drills market.
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Veterinary Orthopedic Drills Market: Key Participants
The key participants in the Veterinary Orthopedic Drills market mainly include IMEX Veterinary, Inc, Vet. Surgical Resources, Inc., Surgical Holdings, and others. Companies are mainly focused on R&D to strengthen core competencies of the company’s product portfolio.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Veterinary Orthopedic Drills Market: Segmentation
Segmentation based on Product Type
- Pneumatic Drills
- Electrical Drills
- Battery Drills
Segmentation based on Product Type
- Veterinary Hospitals
- Veterinary Clinics
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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