In 2023, it is expected that the market for veterinary orthopedic drills is likely to grow to US$ 28.6 million. By 2033, the market is expected to increase to US$ 40 million, with a CAGR of 3.4%.
As they are employed in veterinary trauma surgery, veterinary orthopedic drills are becoming more and more in demand. Moreover, it is used frequently to drill the bone to permit a screw or threaded device for fixation. The demand for veterinary orthopedic drills is growing.
As veterinary orthopedic drills are mostly used in cruciate ligament reconstruction and convert the mechanical energy into thermal energy while adjacent bone and soft tissues. This is likely to increase the market growth during the forecast period. As lockdown regulations were relaxed in some nations and numerous public health agencies issued guidelines to promote the resumption of veterinary surgeries, the amount of surgeries around the world rapidly increased.
For instance, the Seven Hills Veterinary Hospital reported an increase in the number of visits, phone calls, urgent care and emergency treatments, including surgeries, after updating its guidelines in June 2021.
| Attributes | Value |
|---|---|
| Veterinary Orthopedic Drills Market Size (2023) | US$ 28.6 million |
| Veterinary Orthopedic Drills Market Projected Size (2033) | US$ 40 million |
| Veterinary Orthopedic Drills Market CAGR (2023 to 2033) | 3.4% |
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The rising prevalence of bone reconstruction in animals is the prominent key factor that rises the veterinary orthopedic drills industry growth. Due to rising prevalence, there is slow growth found by manufacturing companies in the veterinary orthopedic drills sector during the forecast period. Traditional drill methods are key leads to osteonecrosis due to uncontrolled temperatures, which have been replaced by electric veterinary drills in recent years.
The need for veterinary orthopedic drills is growing since drilling is necessary for the rigid fixation of bone and implants with screws and threaded devices. Along with increasing demand, the market is expanding due to better compliance and reduced bone injury.
Some of the Restraints in the Market Are:
The adoption of veterinary orthopedic drills is rising, as they are most helpful in bone reconstruction surgeries to treat injured bones. Veterinary orthopedic drill bits normally range from 0.5mm to several millimeters.
The sales of veterinary orthopedic drills are rising as they consist of the shaft, flutes, chisel edge and cutting edge advantages, which take lesser time for the surgery. Chisel edges mainly contribute to axial thrust force and little cutting, which is likely to grow the veterinary orthopedic drills sector growth during the forecast period.
Veterinary orthopedic drills are classified into three types: pneumatic, battery, and electrical. Battery veterinary drills are more costly but are more advanced than other types, which are anticipated to rise the veterinary orthopedic drills market share in recent years. However, pneumatic and electrical veterinary drills require compressed gas and external electric power that are cheaper as compared to veterinary battery drills. Due to low cost, the end-use industry is rising in demand for pneumatic and electrical veterinary drills during the forecast period.
The ease of usage without a wire or hose is the main advantage of battery-powered veterinary orthopedic drills. The numbers for these drills are likely to rise in the future years.
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Automation and miniaturization of electronic gadgets coupled with their application in medical automation devices have gained traction through higher bandwidths and high-speed internet has increased the sales of Veterinary Orthopedic Drills.
As LED replaces less energy-efficient bulbs, the demand for Veterinary Orthopedic Drills has grown. These LEDs are expected to generate high-lumen outputs while consuming less energy and being more energy resistant. This contradictory condition gets satisfied with the use of Veterinary Orthopedic Drills in LEDs as it creates more illumination with lower heat consumption. It also saves the end user from choosing the old kind of lighting while providing them the better capacity, lower cost, and space. The use of TIMs is prevalent in smartphone manufacturing that has penetrated each and every market space, lastly increasing the sales of Veterinary Orthopedic Drills
The advent of microprocessor chips that carry multiple power densities, lower device dimensions, and poor thermal management is fueling the sales of Veterinary Orthopedic Drills.
Thermal management systems within the systems help in creating an interface that deals with thermal resistance while increasing the productivity and efficiency of the device. This happens through the application of all modes of these systems. The high cost of these materials and the thermal resistance walk side by side as the higher cost helps the system gain better resistance.
The factors such as thermal conductivity, phase change, viscosity, pressure, outgassing, surface finish, ease of application, and mechanical properties of the material affect the cost of TIMs, affecting the cost of this equipment.
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The veterinary orthopedic drills sector is segmented into different types, such as pneumatic veterinary, electrical veterinary and battery veterinary drills. Battery veterinary drills dominated the market with a share of 47.5% in 2022.
Battery veterinary drills are widely used, as they have advanced features that change the direction of a drill with a little pressure on the finger. This has led to increased sales of battery veterinary drills in recent years.
The busiest places are hospitals, which also manage orthopedic procedures and operations better. This sector is a top pick for pet parents as it has the setup required for diagnostic tests and post-surgical procedures, which held the market share of 73.2% in 2022.
Ambulatory care facilities and veterinary research facilities are included in the other sector. The projected period is expected to have a high growth rate, which is attributable to rising research and development expenditures and funding for the creation of therapeutically enhanced surgical procedures and implants.
| Countries | Market Share (2022) |
|---|---|
| United States | 31.3% |
| Germany | 6.5% |
| Japan | 5.6% |
The global veterinary orthopedic drills industry size is segmented into regions including North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. North America is dominant in the global veterinary orthopedic drills market share, mainly due to its increasing prevalence in the region.
The North American region acquired 34.2% of the share in the market in 2022. However, the United States is dominating due to rising awareness of veterinary orthopedic disorders in the region.
Europe is likely to hold the second position in growth by acquiring 31.1% of the share in 2022.
Rising pet owners, advanced technology, and rising government initiatives policies are fueling the veterinary orthopedic drills sector opportunities in the region during the forecast period. Increasing numbers of animal care clinics and hospitals are also one of the leading factors that upsurge the sales of veterinary orthopedic drills.
The veterinary orthopedic drills start-up market is concentrating on and innovating high-quality implant solutions for animals. The companies are collaborating to gear up the maximum growth and provide new innovative products related to veterinary orthopedic drills.
They are also probably to use customer support services to advertise their high-tech goods. One of the American start-up businesses, Modern Animal, offers 24/7 skilled virtual care for your pet. They offer flexible, high-quality pet care that is unique and in line with current market trends for veterinary orthopedic drills.
The market is fragmented by prominent players, including key manufacturing leaders all around the regions, during the forecast period. These concentrate on the consumer's demand and raise the production as per their need.
The key players in the veterinary orthopedic drills sector are mainly focused on expansion through collaborations, mergers, product launches and partnerships with local vendors. This leads to an increase in the market reach of the products during the forecast period.
Recent Developments:
The market is expected to record a CAGR of 3.4% until 2033.
Europe’s market was valued at 31.1% share.
The market in 2023 totals US$ 28.6 million.
IMEX VeterinaryInc, Vet. Surgical Resources Inc. and Surgical Holdings are the key players.
The market is expected to reach US$ 40 million by 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Pneumatic Drills 5.3.2. Electrical Drills 5.3.3. Battery Drills 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application Type, 2023 to 2033 6.3.1. Veterinary Hospitals 6.3.2. Veterinary Clinics 6.4. Y-o-Y Growth Trend Analysis By Application Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA. 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Application Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Application Type 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Application Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Application Type 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Product Type 10.2.3. By Application Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Application Type 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Product Type 11.2.3. By Application Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Application Type 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Product Type 12.2.3. By Application Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Application Type 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Product Type 13.2.3. By Application Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Application Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Product Type 14.2.3. By Application Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Application Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Product Type 15.1.2.2. By Application Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Product Type 15.2.2.2. By Application Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Product Type 15.3.2.2. By Application Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Product Type 15.4.2.2. By Application Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Product Type 15.5.2.2. By Application Type 15.6. United Kingdom. 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Product Type 15.6.2.2. By Application Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Product Type 15.7.2.2. By Application Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Product Type 15.8.2.2. By Application Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Product Type 15.9.2.2. By Application Type 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Product Type 15.10.2.2. By Application Type 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Product Type 15.11.2.2. By Application Type 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Product Type 15.12.2.2. By Application Type 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Product Type 15.13.2.2. By Application Type 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Product Type 15.14.2.2. By Application Type 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Product Type 15.15.2.2. By Application Type 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Product Type 15.16.2.2. By Application Type 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Product Type 15.17.2.2. By Application Type 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Product Type 15.18.2.2. By Application Type 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Product Type 15.19.2.2. By Application Type 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Product Type 15.20.2.2. By Application Type 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Product Type 15.21.2.2. By Application Type 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Product Type 15.22.2.2. By Application Type 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Product Type 15.23.2.2. By Application Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Application Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. IMEX VeterinaryInc 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Vet. Surgical ResourcesInc. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Surgical Holdings 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. B. Braun Melsungen AG 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Narang Medical Limited 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Arthrex, Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Ruijin Medical 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. New Gen Medical Systems 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Suzhou Youbetter Medical Apparatus 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Orthopromed 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Veterinary Orthopedic Drills Market
