Thailand Veterinary Orthopedic Medicine Market, 2023-2030
- Animal Health
- Animal Pharmaceuticals & Biotechnology
- veterinary orthopedic medicine market report
- Animal Pharmaceuticals & Biotechnology
Thailand Veterinary Orthopedic Medicine Market, 2018-2030 (US$M)
Global Market
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Thailand veterinary orthopedic medicine market highlights
- The Thailand veterinary orthopedic medicine market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 11.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Biologics 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 5.0 million |
| Market revenue in 2030 | USD 11.1 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| 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, Thailand accounted for 0.3% 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 Asia Pacific, China veterinary orthopedic medicine market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 11.1 million by 2030.
The growth of veterinary orthopedic medicine market is attributed to establishment of a veterinary research center in a country. Veterinary research centers often provide training & education programs for veterinarians and veterinary students.
These centers can promote awareness and adoption of orthopedic medicine in the veterinary community by sharing knowledge about orthopedic conditions & treatments. This, in turn, can lead to higher demand for orthopedic products and services.
For instance, the Veterinary Stem Cell & Bioengineering Innovation Centre is a platform for preclinical research involving human participants. It conducts stem cell-based bioengineered technologies for veterinary clinical applications.
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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 |
Thailand 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 48.0% in 2023.
Horizon Databook has segmented the Thailand veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of veterinary orthopedic medicine market is attributed to establishment of a veterinary research center in a country. Veterinary research centers often provide training & education programs for veterinarians and veterinary students.
These centers can promote awareness and adoption of orthopedic medicine in the veterinary community by sharing knowledge about orthopedic conditions & treatments. This, in turn, can lead to higher demand for orthopedic products and services.
For instance, the Veterinary Stem Cell & Bioengineering Innovation Centre is a platform for preclinical research involving human participants. It conducts stem cell-based bioengineered technologies for veterinary clinical applications.
- Thailand Veterinary Orthopedic Medicine Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biologics
- Viscosupplements
- Pharmaceuticals
- Thailand Veterinary Orthopedic Medicine Market Animal Type Outlook (Revenue, USD Million , 2018-2030)
- Canine
- Equine
- Others
- Thailand Veterinary Orthopedic Medicine Market Application Outlook (Revenue, USD Million , 2018-2030)
- Osteoarthritis
- Degenerative Joint Disease
- Other Applications
- Thailand Veterinary Orthopedic Medicine Market Route of Administration Outlook (Revenue, USD Million , 2018-2030)
- Oral
- Injectable
- Others
- Thailand 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 country-level data and insights on the Thailand veterinary orthopedic medicine market report, including forecasts for subscribers. This country databook contains high-level insights into Thailand veterinary orthopedic medicine market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Thailand Veterinary Orthopedic Medicine Market, 2018-2030 (US$M)
Thailand veterinary orthopedic medicine market report statistics, by product, 2018-2030 (US$M)
