Global Market Study on Orthopedic Veterinary Implants: Tibial Plateau Leveling Osteotomy (TPLO) Implants & Trauma Fixations Continue to Gain Higher Traction


Orthopedic Veterinary Implants  Market
  • Published On : May-2018 |
  • Pages : 218 Pages |
  • Format :

Global Healthcare Services Sector Outlook

There is growing consensus among healthcare providers that the current fee-for-services payment mechanism needs an overhaul. While fee-for-services is the pervasive method of billing patients, alternative processes, such as capitation and pay-for-performance are also being considered. We anticipate fee-for-services to be supplemented by capitation and pay-for-performance in the future. In addition to charging patients for screening and doctor visits, pay-for-performance can lead to higher quality of care, as other essential tasks will also be billed. It may lead to an increase in healthcare costs, with the promise that quality of care will go up.

The healthcare system is in a phase where access to capital is constantly diminishing. Big spends are rare and there is increasing uncertainty among borrowers about their ability to repay loans and funding. Healthcare institutions are either postponing large capital-intensive projects or allocating resources to specialty areas that offer a high ROI. Cash-constraints will result into an increase in mergers and acquisitions and lead to fundraising from healthcare providers. However, as only a select few will qualify for an acquisition or funding, the effects of cash-crunch will be palpable in this sector.

Report Specific:

The report specifically covers the orthopaedic implants market for animals. The scope of this research include only the cats and dogs. For the accurate analysis of the market, factors taken into consideration include pet ownership of various regions, veterinary hospitals available, the number of orthopaedic injury cases arising and also the companies that are providing orthopaedic implants globally.

Parent Indicators Healthcare

  • Current expenditure on health, % of gross domestic product
  • Current expenditure on health, per capita, US$ purchasing power parities (current prices, current PPPs)
  • Annual growth rate of current expenditure on health, per capita, in real terms
  • Out-of-pocket expenditure, % of current expenditure on healthcare services
  • Out-of-pocket expenditure, per capita, US$ purchasing power parity (current prices, current PPPs)
  • Physicians, Density per 1000 population (head counts)
  • Nurses, Density per 1000 population (head counts)

Research Methodology

PMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

PMR collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, PMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary
  • Market Definition
  • Macro-economic analysis
  • Parent Market Analysis
  • Market Overview
  • Forecast Factors
  • Segmental Analysis and Forecast
  • Regional Analysis
  • Competition Analysis

Market Taxonomy

By Product Type

  • Total Knee Replacement (TKR)
    • Cemented Total Knee Replacement
    • Cementless Total Knee Replacement
  • Total Hip Replacement (THR)
    • Cemented Total Hip Replacement
    • Cementless Total Hip Replacement
  • Trauma Fixations
    • External Fixations
    • Internal Fixations
      • Intramedullary (IM) Nails
      • Bone Plates
      • Bone Screws
  • Tibial Tuberosity Advancement (TTA) Implants
  • Tibial Plateau Leveling Osteotomy (TPLO) Implants
  • Advanced Locking Plate System (ALPS)
  • Total Elbow Replacement (TER)

By End User

  • Veterinary Hospitals
  • Veterinary Clinics

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

TPLO and TER stays stronger between various implant types available in the global orthopedic veterinary implants market

Joint injuries and other orthopedic issues are addressed with the help of implants, on a major scale. A similar procedure is carried out in the case of animals too. There are a number of implant types in the market, such as Total Knee Replacement, Tibial Tuberosity Advancement (TTA), Tibial Plateau Leveling Osteotomy (TPLO) Implants, Advanced Locking Plate System (ALPS), Total Elbow Replacement (TER) and among others. Among these products, TPLO is projected to hold the leading market share as compared to the other types. It is expected to lead with a significant margin and reach a value of over US$ 980 Mn by the end of 2026. However, in terms of growth rate, TER will propel at a CAGR of 10.3% during the forecast period. The sub-segment of trauma fixations is also expected to project progressive opportunities in the future. The bone screws hold an extensively high market share and is expected to project exceptionally high growth rate in the years coming ahead.

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Increase in number of veterinary hospitals and the sports accidents to spurge the growth of orthopedic veterinary implants market

Adoption of pets has also increased the growth prospects of veterinary hospitals. The sector is considered to be lucrative with growing demand for extensive pet healthcare. The number of veterinary hospitals is growing across all the geographical regions. According to the American Veterinary Medical Association the veterinary expenditure per household per year (mean) for dogs is US$ 378 and for cats is US$ 191. The average spending on the pets has also increased in the wake of increasing concerns for pets. People are ready to spend more, which will impact the growth of veterinary hospitals market.

Furthermore, sports-related injuries in pets are expected to drive the orthopedic veterinary implants market. Several sports and adventure events for pets are conducted in the U.S. This has led to an increase in accidents and related injuries. A similar case is also observed in dogs owned by army forces, as they are more exposed to the risky environment and are prone to face more injuries.

Lack of awareness and insurance facilities may be resulting in a downfall of the orthopedic veterinary implants market

There are only private insurance facilities available for the people in the U.S., which is also based on the type of premium chosen, which cover diagnostic and laboratory tests. Lack of proper insurance policies available for major surgeries, may result in reluctance of people spending much on implant procedures. These procedures come under the category of extensive surgeries and thus, cost higher than any other surgical procedure. It includes the cost of implants and other surgical tools.

Other than this, many people are also not aware about the veterinary implant procedures. These cases are more prevalent in the developing regions, where advanced techniques reach people in a little longer time as compared to the developed regions. In some geographical regions veterinary surgeons are also not available to operate the surgery, which is a major challenge for the growth of the market and will be also responsible for lowering its demand in near future.

Company Profiles

  • Vet Implants
  • scil animal care company GmbH
  • KYON Pharma, Inc.
  • Everost Inc.
  • BioMedtrix, LLC
  • Integra LifeSciences
  • RITA LEIBINGER MEDICAL GmbH & Co. KG
  • B. Braun Melsungen AG
  • DePuy Synthes (Sub. Johnson & Johnson Services, Inc.)
  • Intrauma S.p.A.
  • Surgical Holdings
  • Ortho Max Manufacturing Company Pvt. Ltd.
  • Others.
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