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Veterinary Orthopedics Market size was valued at USD 0.426 billion in 2022 and is poised to grow at a CAGR of 7.4% from 2023-29. Orthopedics is the branch of medicine that deals with the skeleton and joints, as well as the joint capsule, muscle, ligament, cartilage, and tendon. Veterinary orthopedists are trained doctors, or surgeons, who treat disorders or injury of the bone, joints, tendons, ligaments, and other soft tissues in animals. Global Veterinary Orthopedics is generating opportunities for effective animal healthcare. Veterinary practitioners are finding new opportunities as the number of animal hospitals and pet care facilities grows. The global Veterinary Orthopedics Market is being driven by factors such as growing interest in pet protection, animal medical services, and rising cases of pet obesity.
Veterinary Orthopedics Market Key Developments:
Fastest Growing Market
The market is driven by increase in adaptation of pets and growing animal health expenditure worldwide. In addition, advancements in veterinary orthopedic devices and growing animal sports like horse racing is expected to boost the market over the forecast period. Moreover, the initiatives such as â€œOne Healthâ€ to collaborate the physicians, osteopathic physicians, dentists, veterinarians, nurses and other scientific-health and environmentally related discipline are promoting the innovations in all healthcare segments, projected to positively affect the growth of the market during the forecast period. Furthermore, technologies such as 3D printing of animal implants and other novel technologies expected to boost market growth. However, high cost of the devices and surgeries are expected to hamper the market growth over the forecast period.
The veterinary orthopedics market is projected to expand at a CAGR of 4.6% during the forecast period.
Braun Holding GmbH & Co. KG (Germany), Veterinary Orthopedic Implants, Inc. (U.S.), Johnson &Johnson (DePuySynthes) (U.S.), IMEX Veterinary, Inc. (U.S.), BioMedtrix (U.S.)
North America is the fastest-growing region for veterinary orthopedics market