Latin America Veterinary Orthopedic Medicine Market
- Animal Health
- Animal Pharmaceuticals & Biotechnology
- veterinary orthopedic medicine market report
- Animal Pharmaceuticals & Biotechnology
Latin America Veterinary Orthopedic Medicine Market, 2018-2030 (US$M)
Global Market
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Latin America veterinary orthopedic medicine market highlights
- The Latin America veterinary orthopedic medicine market generated a revenue of USD 140.8 million in 2023.
- The market is expected to grow at a CAGR of 8.8% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 140.8 million |
| Market revenue in 2030 | USD 254.9 million |
| Growth rate | 8.8% (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, Latin America region accounted for 8.7% 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.
Lack of awareness of pet owners in Latin America on the importance of managing obesity among pets is an issue that is frequently encountered. A study conducted by researchers in Brazil found that although a significant portion of dog owners admitted that their dogs were overweight, relatively few of them requested professional assistance to treat their obese pets.
Furthermore, increased government funding has contributed to the market growth in countries like Brazil. Factors such as untapped opportunities, economic development, and rising awareness levels can contribute to the region’s rapid market growth.
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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 |
Latin America 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 46.45% in 2023.
Horizon Databook has segmented the Latin America veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
Lack of awareness of pet owners in Latin America on the importance of managing obesity among pets is an issue that is frequently encountered. A study conducted by researchers in Brazil found that although a significant portion of dog owners admitted that their dogs were overweight, relatively few of them requested professional assistance to treat their obese pets.
Furthermore, increased government funding has contributed to the market growth in countries like Brazil. Factors such as untapped opportunities, economic development, and rising awareness levels can contribute to the region’s rapid market growth.
- Latin America Veterinary Orthopedic Medicine Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biologics
- Viscosupplements
- Pharmaceuticals
- Latin America Veterinary Orthopedic Medicine Market Animal Type Outlook (Revenue, USD Million , 2018-2030)
- Canine
- Equine
- Others
- Latin America Veterinary Orthopedic Medicine Market Application Outlook (Revenue, USD Million , 2018-2030)
- Osteoarthritis
- Degenerative Joint Disease
- Other Applications
- Latin America Veterinary Orthopedic Medicine Market Route of Administration Outlook (Revenue, USD Million , 2018-2030)
- Oral
- Injectable
- Others
- Latin America 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 Latin America veterinary orthopedic medicine market report, including forecasts for subscribers. This continent databook contains high-level insights into Latin America veterinary orthopedic medicine market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Veterinary Orthopedic Medicine Market, 2018-2030 (US$M)
Latin America veterinary orthopedic medicine market report statistics, by product, 2018-2030 (US$M)
