USD 466.18 million
Global Veterinary Orthopedics Market Size, Share, Growth Analysis, By Application(Total Knee Replacement, Total Hip Replacement), By Product(Instruments, Implants) - Industry Forecast 2023-2030
Report ID: SQMIG35E2035 | Region: Global | Published Date: November, 2023 | Pages: 157 | Tables: 73 | Figures: 80
Global Veterinary Orthopedics Market Insights
Global Veterinary Orthopedics Market size was valued at USD 466.18 million in 2021 and is poised to grow from USD 499.98 million in 2022 to USD 875.24 million by 2030, growing at a CAGR of 7.25% in the forecast period (2023-2030).
The global veterinary orthopedics market is a part of the larger animal healthcare industry which deals with detecting, managing and preventing musculoskeletal disorders in animals, whether it be pets or livestock. The orthopedic care market for animals has seen a significant boom in demand and overall expansion due to increased concerns and awareness of pet health.
One of the biggest factors driving market growth is the raised rate of pet ownership, particularly in urbanized countries where pets are kept and cared for as a family member. As a result of this trend, veterinary services like orthopedic surgeries such as joint replacements, repair of fractures, and ligament repair, are in high demand.
The range of treatment choices has expanded as a direct result of advancements in surgical methods and veterinary medical technology, thus increasing consumer standards when it comes to animal care. The market is defined by several goods and services such as surgical tools, orthotics, implants (plates, screws, and pins), prostheses, and diagnostic equipment. Other participants that make up the market include hospitals, clinics, advanced orthopedic centers, and producers of orthopedic devices and implants.
Though the market has grown significantly, a number of challenges pose a threat to the continued trajectory of the global veterinary orthopedics market. The high cost of these procedures and a scarcity of veterinary specialists in the world economy could potentially lower adoption rates, leading to a fall in demand. Nevertheless, the market is poised to keep growing in coming years as animal health care takes a new precedence.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Implants
Fastest Growth
Implants
Growth Rate
7.25% CAGR
Global Veterinary Orthopedics Market ($ Bn)
Country Share for North America Region (%)
Global Veterinary Orthopedics Market By Product ($ Bn)
Global Veterinary Orthopedics Market By Product (%)
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Global Veterinary Orthopedics Market Segmental Analysis
Based on Application, the global veterinary orthopedics market is divided into multiple sections, namely Total Knee Replacement, Total Hip Replacement, Total Elbow Replacement, Trauma Fixation, TPLO, TTA, Lateral Fixation, Others. Market segmentation based on product gives us the following categories: Instruments, Implants, Plates, Compression Plates, Arthrodesis plates, Acetabulum plates, Screws, Others. Hospitals & Clinics, and Others make up the end-users of the market. When dividing the market by region, we get North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Application
Total knee replacement holds the leading position in the global veterinary orthopedics market. Total knee replacement is the process of replacing a dog’s knee joint with an artificial implant and is commonly used on canines with major knee joint problems, like torn cruciate ligaments or advanced arthritis, in order to appease joint discomfort and improve mobility. Total knee replacement has got the approval of animal health care practitioners due to its on-point success in improving an animal’s quality of life, thus making the product well known.
Apart from the aforementioned segment, the TTA (Tibial Tuberosity Advancement) category is the fastest growing market section. TTA is a surgical method implemented to repair cranial cruciate ligament (CCL) injuries in canines. TTA has risen up the success ladder rapidly with its advantageous position over well-known procedures like TPLO (Tibial Plateau Leveling Osteotomy). Big dogs are prone to have CCL injuries and they have more to gain with TTA due to its short rehabilitation period, lower complication risk rate, and better outcomes. The veterinary world has not slowed down in adopting this segment due to its ability to maneuver complex scenarios and cause minimal intrusion.
Analysis By Product
In the global veterinary orthopedics market, the dominating product happens to be implants as a result of its significant function in surgical treatments for animals. Some examples of the various types of implants used in the market are plates, screws, pins, and external fixators. These implants are necessary in order to stabilize damaged animal bones and speed up healing. Advancements in veterinary services, higher rate of pet ownership, and growing awareness of animal health are some of the driving factors of the implant market. Market growth is also expanded due to the development of advanced implant materials and designs.
Conversely, the global veterinary orthopedics market’s fastest growing segment is the orthopedic instruments section. In conducting orthopedic procedures like bone drilling, soft tissue manipulation, and cutting, these devices are vital. As vets concentrate on providing advanced and minimally invasive surgeries, the demand for specialist orthopedic equipment keeps rising. Some of the top reasons for this expansion are the increasing desire for superior surgical outcomes, decreasing the trauma of the animal, and speeding up healing.
Global Veterinary Orthopedics Market By Product, 2021 (%)
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Global Veterinary Orthopedics Market Regional Insights
The rising demand for advanced medical equipment and procedures for the treatment of orthopedic issues in animals is what defines the global veterinary orthopedics market. Out of this, North America is at the top of the market, thanks to its well-established research infrastructure, developed healthcare network, and high rates of pet ownership. Its focus on providing specialized and advanced veterinary care, especially when it comes to orthopedic operations, are the reasons for the region’s supremacy in the market.
However, the Asia-Pacific region has witnessed the fastest growth in the global veterinary orthopedics market. As disposable incomes expand, attitudes towards pet ownership evolves, and pet health awareness rises, the need for advanced veterinary services, such as orthopedic treatments, will continue to grow. Growing middle class population in countries like China and India, along with rapid urbanization, have contributed to the expansion of the veterinary orthopedics market in the Asia-Pacific region. As veterinary healthcare institutions develop and pet ownership rates rise, the demand for orthopedic treatments also reflect the same growth.
Global Veterinary Orthopedics Market By Geography, 2023-2030
- Largest
- Fastest
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Global Veterinary Orthopedics Market Dynamics
Drivers
Increasing Pet Ownership and Humanization:
- The more families view pets as a core member of their unit, which is also known as the pet humanization trend, the further the demand for orthopedic treatments rises. The necessity of specialized veterinary orthopedic procedures, like joint replacements, fracture repairs, and ligament surgeries, has been on the rise as consumers prioritize the health of their pets, thus resulting in further market growth.
Advancements in Veterinary Medical Technology:
- As is the case of human medicine, veterinary orthopedics has grown exponentially as a result of advancements in medical technology. Technological improvements in imaging technologies like digital radiography and CT scans, and surgical tools have furthered diagnostic precision and surgical results. The developments mentioned here have made undertaking minimally invasive operations easier and heightened accuracy of orthopedic diagnosis, thus decreasing patient discomfort and rehabilitation period. The market’s expansion is owed to the accessibility of novel methods and equipment.
Restraints
High Cost of Advanced Procedures:
- Though advanced veterinary orthopedic operations can improve mobility in pets and enhance their quality of life, they are generally quite costly. Pet owners may find the higher cost of the specialized tools, supplies, and vets required for the treatments of their pets to be a financial burden. Therefore, cost issues could potentially inhibit the expansive use of specialized orthopedic procedures, especially among populations with a lower disposable income.
Limited Veterinary Specialists:
- In case of animal orthopedic surgery, specialized knowledge and expertise is required. The scarcity of veterinary orthopedic specialists can be an inhibitor for market expansion. Though the need for these devices continues to grow, there are comparatively few specialists with the experience to conduct orthopedic surgeries. By limiting accessibility of specialized treatments and increasing wait times, this challenge can prevent market growth.
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Global Veterinary Orthopedics Market Competitive Landscape
A large number of renowned market participants who are engaged in intense rivalry to gain a considerable market share have fueled the fierce competition present in the global veterinary orthopedics market. Some of these industry leaders are Veterinary Orthopedic Implants, DePuy Synthes Vet, KYON Veterinary Surgical Products, and BioMedtrix.
These companies utilize various tactical steps to maintain their edge in the market and meet the rising demand for advanced orthopedic solutions. These strategies include product innovation that help them diversify their product offerings and offer more tools, implants, and gadgets. Other business tactics employed by these industry leaders are constant research and development and collaboration with other market stakeholders.
The aforementioned partnerships, like with hospitals and veterinary clinics, can help these established firms expand their reach and open up their business to a larger consumer base. The competitive landscape of the veterinary orthopedics market drives the players to continue striving to provide better implants and minimally invasive operations, which can improve patient outcomes. The demand in this market continues to rise as owners seek high-quality healthcare for their pets. This in turn keeps churning out innovative advancements in the market.
Top Player’s Company Profile
- DePuy Synthes Vet (USA)
- BioMedtrix (USA)
- IMEX Veterinary (USA)
- Kyon Veterinary Surgical Products (Switzerland)
- Scil Animal Care (Germany)
- Securos Surgical (USA)
- Orthomed (UK)
- Jørgen Kruuse A/S (Denmark)
- B.Braun Vet Care (Germany)
- BioMed Animal Health (USA)
- Everost Inc. (USA)
- BioMedtrix LLC (USA)
- Intrauma (Italy)
- Fusion Implants (USA)
- Jindal Medi Surge (India)
- OrthoPets (USA)
- Integra LifeSciences (USA)
- MWI Animal Health (USA)
- IDEXX Laboratories (USA)
- GPC Medical Ltd. (India)
- NeuroLogica Corporation (USA)
- GerVetUSA (USA)
- Eickemeyer Veterinary Equipment (Germany)
- Infiniti Medical (USA)
Recent Developments
- In January 2023, BioMedtrix, LLC, a leader in veterinary orthopedic implants, debuted a new line of minimally invasive implants for canines. The new implants are designed to decrease surgery pain and improve patient outcomes.
- In February 2023, a new innovative medication for osteoarthritis treatment in dogs was released by KYON PHARMA, INC., a veterinary pharmaceutical business. The FDA has given the greenlight to this medication, which is the first of its kind, for the treatment of osteoarthritis in cats and dogs.
- In March 2023, OrthoPets, Inc., a top supplier of veterinary orthopedic implants for small animals, was bought by Veterinary Orthopedic Implants, a leading supplier of veterinary orthopedic implants. Through the acquisition, Veterinary Orthopedic Implants will be able to access a broader client base and diversify its product line.
- In April 2023, new possible methods for the identification and management of osteoarthritis in dogs were publicly announced by the American Veterinary Medical Association (AVMA). These recommendations will help veterinarians in providing the best care to dogs with osteoarthritis.
Global Veterinary Orthopedics Key Market Trends
- Rise in Pet Ownership and Humanization: The humanization of pets and rising pet ownership rates are driving the expansion of the global veterinary orthopedics market. Pet owners are looking for cutting-edge medical procedures and treatments for their animals, eventually turning to orthopedic surgery. Owing to this trend, the demand for veterinary orthopedic goods and services has risen. The pet owners’ capability of making financial commitments for the pets’ health and wellbeing is fueling market expansion. This has sparked the development of innovative and advanced orthopedic implants, tools, and procedures.
- Advancements in Surgical Technologies and Techniques: As is the case for the human healthcare industry, the animal health care sector has also seen significant growth in surgical procedures and technologies resulting in a higher demand for orthopedic procedures. Minimally invasive procedures like arthroscopy and laparoscopy have gained popularity in the veterinary procedures field as a result of better patient outcomes, short rehabilitation periods, and less pain. Additionally, preliminary preparation and post-surgical analysis have been upgraded thanks to the deployment of cutting-edge imaging technology like MRI and CT scans. The use of 3D printing to create specialized and customized implants and prosthetics for animals is also a major advancement in the industry.
Global Veterinary Orthopedics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Based on our analysis of the global veterinary orthopedics market, it is experiencing continual growth, owing to the rising demand for advanced health care for animals. The market’s main focus is to diagnose, treat, and prevent musculoskeletal disorders and injuries in pets and livestock. Rising pet ownership, animal health awareness, and advancement in veterinary medical technology are some of the drivers of the market’s expansion. Some of the vital tools and products of the market are Orthopedic implants, joint replacement systems, orthopedic tools, and braces. Primarily, these treatments are provided to companion and performance animals. The market is defined by a competitive environment full of manufacturers focused on creating efficient, long-lasting, and cost-friendly orthopedic solutions. The elevated cost of specialized orthopedic surgeries and the lack of veterinary orthopedic surgeons are the major restraining factors to market growth. However, major investments in R&D along with collaborations with veterinary specialists and medical device manufacturers will provide the market participants to keep the expansion going. Our predictions dictate an increase in demand for advanced veterinary orthopedic treatments as more households join the pet humanization trend and pet ownership rates rise.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 466.18 million |
| Market size value in 2030 | USD 875.24 million |
| Growth Rate | 7.25% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Veterinary Orthopedics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Veterinary Orthopedics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Veterinary Orthopedics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Veterinary Orthopedics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Veterinary Orthopedics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Veterinary Orthopedics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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