Asia Pacific Veterinary Orthopedic Medicine Market
- Animal Health
- Animal Pharmaceuticals & Biotechnology
- veterinary orthopedic medicine market report
- Animal Pharmaceuticals & Biotechnology
Asia Pacific Veterinary Orthopedic Medicine Market, 2018-2030 (US$M)
Global Market
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Asia Pacific veterinary orthopedic medicine market highlights
- The Asia Pacific veterinary orthopedic medicine market generated a revenue of USD 291.4 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 291.4 million |
| Market revenue in 2030 | USD 558.7 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Viscosupplements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 18.0% of the global veterinary orthopedic medicine market in 2023.
- 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 558.7 million by 2030.
Rising pet ownership rates in countries like China, India, and Japan drive demand for veterinary orthopedic medicines. For example, the Elanco Animal Health survey for 2022 states that pet ownership in China is estimated to jump from 19% of households in 2020 to 40% of households by 2030.
As more people welcome pets into their families, the need for specialized medical care, including orthopedic treatments, increases. With growing middle class and increased disposable income, pet owners in the Asia Pacific region are becoming more aware of the importance of maintaining their pets' health & wellbeing.
This awareness leads to a higher demand for advanced orthopedic treatments to address issues such as fractures, joint injuries, and other musculoskeletal conditions.
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Veterinary Orthopedic Medicine Market Report
Veterinary Orthopedic Medicine Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zoetis Inc Class A | View profile | 14,100 | 10 Sylvan Way, Parsippany, NJ, United States, 07054 | www.zoetis.com |
| Virbac SA | View profile | 5,400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | www.virbac.com |
| Merck & Co Inc | View profile | 72,000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | www.merck.com |
| Elanco Animal Health Inc | View profile | 9,800 | 2500 Innovation Way, Greenfield, IN, United States, 46140 | www.elanco.com |
| Boehringer Ingelheim | View profile | 10001+ | Ingelheim Am Rhein, Rheinland-Pfalz, Germany, Europe | www.boehringer-ingelheim.com/ |
| Vetoquinol SA | View profile | 2,483 | Magny-Vernois, BP 189, Lure cedex, France, 70204 | www.vetoquinol.com |
| Biomerica Inc | View profile | 62 | 17571 Von Karman Avenue, Irvine, CA, United States, 92614 | www.biomerica.com |
| Daiichi Sankyo Co Ltd | View profile | 17,435 | 3-5-1, Nihonbashi-honcho, Chuo-ku, Tokyo, Japan, 103-8426 | www.daiichisankyo.com |
| Ardent Health Services | View profile | 10001+ | Nashville, Tennessee, United States, North America | ardenthealth.com |
| Ceva Santé Animale | View profile | 5001-10000 | Libourne, Aquitaine, France, Europe | www.ceva.us |
Asia Pacific veterinary orthopedic medicine market report
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 46.19% in 2023.
Horizon Databook has segmented the Asia Pacific veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
Rising pet ownership rates in countries like China, India, and Japan drive demand for veterinary orthopedic medicines. For example, the Elanco Animal Health survey for 2022 states that pet ownership in China is estimated to jump from 19% of households in 2020 to 40% of households by 2030.
As more people welcome pets into their families, the need for specialized medical care, including orthopedic treatments, increases. With growing middle class and increased disposable income, pet owners in the Asia Pacific region are becoming more aware of the importance of maintaining their pets' health & wellbeing.
This awareness leads to a higher demand for advanced orthopedic treatments to address issues such as fractures, joint injuries, and other musculoskeletal conditions.
- Asia Pacific Veterinary Orthopedic Medicine Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biologics
- Viscosupplements
- Pharmaceuticals
- Asia Pacific Veterinary Orthopedic Medicine Market Animal Type Outlook (Revenue, USD Million , 2018-2030)
- Canine
- Equine
- Others
- Asia Pacific Veterinary Orthopedic Medicine Market Application Outlook (Revenue, USD Million , 2018-2030)
- Osteoarthritis
- Degenerative Joint Disease
- Other Applications
- Asia Pacific Veterinary Orthopedic Medicine Market Route of Administration Outlook (Revenue, USD Million , 2018-2030)
- Oral
- Injectable
- Others
- Asia Pacific Veterinary Orthopedic Medicine Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Veterinary Hospitals
- Veterinary Clinics
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific veterinary orthopedic medicine market report, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary orthopedic medicine market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Veterinary Orthopedic Medicine Market, 2018-2030 (US$M)
Asia Pacific veterinary orthopedic medicine market report statistics, by product, 2018-2030 (US$M)
