Veterinary Orthopedics Market Size, Share, Growth Analysis, By Application(Total Knee Replacement, Total Hip Replacement), By Product(Instruments, Implants) - Industry Forecast 2024-2031

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).

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 veterinary orthopedics market. Some of these industry leaders are Veterinary Orthopedic Implants, DePuy Synthes Vet, KYON Veterinary Surgical Products, and BioMedtrix. 'DePuy Synthes Vet (USA)', 'Veterinary Orthopedic Implants (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)'

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.

Rise in Pet Ownership and Humanization: The humanization of pets and rising pet ownership rates are driving the expansion of the 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.

The rising demand for advanced medical equipment and procedures for the treatment of orthopedic issues in animals is what defines the 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.

Veterinary Orthopedics Market size was valued at USD 499.98 million in 2022 and is poised to grow from USD 536.23 million in 2023 to USD 938.70 million by 2031, growing at a CAGR of 7.25% in the forecast period (2024-2031).

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 veterinary orthopedics market. Some of these industry leaders are Veterinary Orthopedic Implants, DePuy Synthes Vet, KYON Veterinary Surgical Products, and BioMedtrix. 'DePuy Synthes Vet (USA)', 'Veterinary Orthopedic Implants (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)'

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.

Rise in Pet Ownership and Humanization: The humanization of pets and rising pet ownership rates are driving the expansion of the 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.

The rising demand for advanced medical equipment and procedures for the treatment of orthopedic issues in animals is what defines the 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.