- Instruments
- Implants
- Pins and Wires
- Screws
- Others
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:
- In March 2012, Integra Life sciences launched the Integra Miltex veterinary orthopedic line which includes screws, plates, lateral suturing products and instruments that used in repair of ligaments and broken or fractured bones in pet animals.
Global Veterinary Orthopedics Market Summary
Study Period
2023-29
Base Year
2022
CAGR
7.4%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
Veterinary Orthopedics Market Dynamics
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 “One Health†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.
Veterinary Orthopedics Market Regional Analysis
North-America Got Significant Share
North America veterinary orthopedic devices market is anticipated to grow at significant rate owing to increase in animal adaptation rates in households and owners willing to spend on animal health. According to the American Pet Product Association (APPA) about 68% of the U.S. households has companion animals in 2016 and showing continuous growth from past years. Europe veterinary orthopedics market is expected to have the notable growth rate owing to the presence of key market players, new product launches and growing number and growing pet care insurance in the region. Asia Pacific veterinary orthopedic devices market is projected to have lucrative growth opportunity over the forecast period due to the increase in adaptation of animals and disposable income.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Veterinary Orthopedics Market Segmentation
By Type
By End-User
- Veterinary Hospitals
- Veterinary Clinics
- Others
By Geography
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa (MEA)
Frequently Asked Questions
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
- BioMedtrix LLC,
- B.Braun Vet Care,
- Bluesao,
- DePuy Synthes Vet,
- IMEX Veterinary Inc.,
- KYON Pharma Inc.,
- Securos Surgical,
- Orthomed Ltd,
- MWI Veterinary Supply Co.
- Veterinary Orthopedic Implants Inc.,