In 2023, it is expected that the market for veterinary orthopedic drills is likely to grow to USD 28.6 million. By 2033, the market is expected to increase to USD 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) | USD 28.6 million |
| Veterinary Orthopedic Drills Market Projected Size (2033) | USD 40 million |
| Veterinary Orthopedic Drills Market CAGR (2023 to 2033) | 3.4% |
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 Traditional drill methods are key leads to osteonecrosis due to uncontrolled temperatures, which have been replaced by electric veterinary drills in recent years.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.
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.
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:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Application Type, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Application Type, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Product Type, 2018 to 2033
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Table 18: Latin America Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
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Table 24: Western Europe Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application Type, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application Type, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Application Type, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by Application Type, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application Type, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by Application Type, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 16: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 17: Global Market Attractiveness by Application Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 34: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 35: North America Market Attractiveness by Application Type, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Application Type, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Application Type, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Application Type, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Product Type, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Application Type, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Application Type, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Application Type, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application Type, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application Type, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application Type, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application Type, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Product Type, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Application Type, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
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 USD 28.6 million.
IMEX VeterinaryInc, Vet. Surgical Resources Inc. and Surgical Holdings are the key players.
The market is expected to reach USD 40 million by 2033.
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Veterinary Orthopedic Drills Market
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