Global Veterinary Orthopedic Implants Market 2024 , Forecast To 2033
7 Mar, 2024
The veterinary orthopedic implants market (9) has shown strong growth, increasing from $0.24 billion in 2023 to $0.26 billion in 2024 at a CAGR of 7.0%, driven by rising pet ownership and awareness of orthopedic surgery benefits. Looking ahead, the market is expected to continue growing, reaching $0.35 billion in 2028 at a CAGR of 7.2%, fueled by aging pet population and rising demand for minimally invasive surgery, with major trends including advancements in regenerative medicine and digital health integration.
Global Veterinary Orthopedic Implants Market Key Driver
The increase in the incidence of obesity and arthritis increases the demand for veterinary orthopaedic implants market (14). 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 (15). Obesity and arthritis may also result in fractures and other bone-joint-related issues and both conditions adversely affect the overall health of the pet, consequently leading to shortening lifespan (16). Thus, the increased incidents of obesity and arthritis increase the demand for veterinary orthopedic implants (17). According to Banfield Pet Hospital’s report, the number of osteoarthritis (OA) cases increased 66% in dogs and 150% in cats (18). The report also inferred that 52% of dogs and 41% of cats with OA are also overweight or obese (19). Thus, the increase in health conditions affecting the bones of pets such as obesity and arthritis positively affects the veterinary orthopedic market growth (20).
Get A Free Sample Of The Global Veterinary Orthopedic Implants Market ReportGlobal Veterinary Orthopedic Implants Market Segments
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
By Geography: The countries covered in the veterinary orthopedic implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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.
Major Veterinary Orthopedic Implants Industry Players
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
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Veterinary Orthopedic Implants Market Overview
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.