Overview and Scope
Veterinary orthopedic implant is a surgical tool used to repair a broken bone structure and regain its function. Veterinary orthopedic implants are typically made of metals such as pure commercial titanium (Ti) or titanium alloys, stainless steel, and cobalt-chromium (Co-Cr) alloys and are used by veterinary surgeons for bone fixation surgeries and treating bone fractures in animals. The orthopedic implants are also used as a support structure for healing fractures and reconstructive surgeries. Orthopedic implants include screws, plates, pins, and wires, which are used in surgeries performed on animals.
Sizing and Forecast
The veterinary orthopedic implants market size has grown strongly in recent years. It will grow from $0.24 billion in 2023 to $0.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rising pet ownership rate, growing awareness of the benefits of veterinary orthopedic surgery, companion animal humanization, aging pet population, veterinary referral centers.
The veterinary orthopedic implants market size is expected to see strongly grown in the next few years. It will grow to $0.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to aging pet population, increasing pet insurance, pet obesity and joint health, rising awareness of the benefits of preventive veterinary care, custom implants, minimally invasive surgery. Major trends in the forecast period include advancements in veterinary medicine, customized implants, regenerative medicine, digital health and telemedicine, orthopedic device connectivity, 3d printing technology, biocompatible materials, rehabilitation and physical therapy.
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The veterinary orthopedic implants market covered in this report is segmented –
1) By Product Type: Advanced Locking Plate System, Tibial Plateau Leveling Osteotomy Implants, Tibial Tuberosity Advancement Implants, Total Elbow Replacement, Total Hip Replacement, Total Knee Replacement, Trauma Fixations
2) By Animal: Dog, Cat, Other Animals
3) By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Surgical Centers
North America was the largest region in the veterinary orthopedic implants market in 2023. Western Europe was the second-largest region in the global veterinary orthopedic implants market share. The regions covered in the veterinary orthopedic implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The increase in the incidence of obesity and arthritis increases the demand for veterinary orthopaedic implants market. Obesity is a condition where the weight of the pet affects the pet’s health to a point where it results in the weakening of bones, whereas arthritis in pets results in loss of strength in bones. Obesity and arthritis may also result in fractures, and other bone-joint-related issues and both conditions result in adversely affect the overall health of the pet, consequently leading to shortening lifespan. Thus, the increased incidents of obesity and arthritis increase the demand for veterinary orthopedic implants. According to Banfield Pet Hospital’s report on 2.5 million dogs and 500,000 cats treated in the USA, the number of osteoarthritis (OA) cases increased 66% in dogs and 150% in cats. The report also inferred that 52% of dogs and 41% of cats with OA are also overweight or obese. Thus, the increase in health conditions affecting the bones of pets such as obesity and arthritis positively affect the veterinary orthopedic market growth.
Key Industry Players
Major companies operating in the veterinary orthopedic implants market include KYON Pharma Inc., Veterinary Orthopedic Implants Inc., BioMedtrix LLC, IMEX Veterinary Inc., Orthomed Ltd., Securos Surgical, B.Braun Vet Care, BlueSAO, MWI Veterinary Supply Co., New Generation Devices, Scil Animal Care Company, SophiaTech, Johnson & Johnson, Fusion Implants, GPC Medical Ltd., Narang Medical Limited, D4 Surgicals (India) Pvt. Ltd., Uteshiya Medicare Private Limited., Bonetech Medisys Pvt. Ltd., Integra LifeSciences Corporation, GerMedUSA Inc., Everost Inc., Arthrex Vet Systems, Ortho Max Mfg. Co. Pvt. Ltd., Auxein Medical, Vimian Group, Innoplant Medizintechnik GmbH
The veterinary orthopedic implants market report table of contents includes:
1. Executive Summary
2. Veterinary Orthopedic Implants Market Characteristics
3. Veterinary Orthopedic Implants Market Trends And Strategies
4. Veterinary Orthopedic Implants Market – Macro Economic Scenario
5. Global Veterinary Orthopedic Implants Market Size and Growth
………..
31. Global Veterinary Orthopedic Implants Market Competitive Benchmarking
32. Global Veterinary Orthopedic Implants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Veterinary Orthopedic Implants Market
34. Veterinary Orthopedic Implants Market Future Outlook and Potential Analysis
35. Appendix
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