Animal Ortho-Prosthetics Market - Segmented by Product Type (Braces and Prosthetics), End User (Veterinary Clinic, Rehabilitation Center, Prosthetic Clinic), and Geography - Growth, Trends, and Forecast (2019-2024)

Animal Ortho-Prosthetics Market - Segmented by Product Type (Braces and Prosthetics), End User (Veterinary Clinic, Rehabilitation Center, Prosthetic Clinic), and Geography - Growth, Trends, and Forecast (2019-2024)

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Animal Ortho-Prosthetics Market Overview

The Animal Ortho-Prosthetics Market is expected to register a CAGR of 6.5% during the forecast period, 2018-2023. The Animal ortho-prosthetics market is associated with orthopedic devices designed in order to assist the injured animals, in order to provide position, immobilize, align, support, prevent deformity, improve functioning, and are coupled with prosthetic devices for compensating for the missing leg segment.

Rising Prevalence of Obesity in Pets to Boost the Growth of the Animal Ortho-Prosthetics Market

High prevalence of obesity among the pet population is expected to propel the market growth, owing to the direct association of obesity and overweight with osteoarthritis and mobility issues in dogs. Excess fat and bodyweight increase the load on joints resulting in the progression of arthritis and further difficulty in movement. Hence, the prevalence of joint inflammatory diseases is expected to grow with the rise in the prevalence of obesity, which has currently been identified as the most common nutritional health problem in dogs.

According to the results of 2017 Pet Obesity Survey done by the Association for Pet Obesity Prevention (APOP), 56% of dogs have been identified as overweight (body condition score (BCS) 6-7) or obese (BCS 8-9). Hence, the prevalence of obesity has been observed to increase, owing to the fact that in 2016, APOP classified 54% of dogs as overweight or obese in the United States. Similarly, American Animal Hospital Association (AAHA) estimated 40% to 50% of the total dogs to be overweight and 25% of dogs to be obese in 2017. Thus, the increasing percentage of obese dogs is expected to drive the growth of the ortho-prosthetics market.

The limb conditions statistics in Europe per 1000 pet dogs is as stated below:

Condition

Affected pets per 1000 dogs

Nail Clip

71.10

Osteoarthritis (Degenerative Joint Disease)

37.60

Claw Injury (Traumatic)

26.50

Pododermititis

20.30

Lameness

17.30

High Cost of Ortho-Prosthetics to Impede the Growth of the Animal Ortho-Prosthetics Market

A rise in the statistics of issues associated with limbs, such as osteoarthritis, pododermititis, and lameness, are expected to drive the demand for ortho-prosthetics over the world. These unmet needs are fulfilled by the advancements in the field of ortho-prosthetics in animals. Fabricated limbs for animals are made using 3D printing, in order to create prosthetic support and orthopedic braces for therapeutics mobility in animals. These devices used with a biomechanical approach benefit the animals, in terms of mobility, as well as comfort for their day-to-day activities. Orthotic devices facilitate various purposes, such as rehabilitation, prophylactic, and functional. Prosthetics are considered to be appropriate alternatives for surgical procedures and post-surgical assistance for recovery.

However, the costs associated with these devices are a major hurdle for the growth of the market. Orthotics devices range from USD 800 to USD 1500, whereas, prosthetics devices range from USD 1,400 to USD 1,700. These high costs are discouraging their adoption, as all the pet owners are unable to spend such an amount on their pet’s ortho-prosthetic needs. Hence, high cost of orthotic and prosthetic devices are expected to restrain the growth of the overall market.

North America to Dominate the Animal Ortho-Prosthetics Market

The geographical analysis of the animal ortho-prosthetics market states the dominance of North America in the global market, followed by the Europe. The major factors attributing toward the dominance and growth of these regions are higher availability of therapeutic options for animals, greater awareness regarding ortho-prosthetics, presence of major market players, and rising animal health expenditure.

On the other hand, Asia-Pacific is expected to exhibit the fastest growth rate over the forecast period, owing to the rising pet population, increasing awareness, and rising number of veterinary practitioners in the emerging regions. However, costs associated with these devices would still remain an area of concern in these countries, owing to the presence of a large number of low income groups. 

Key Developments in the Market

  • March 2018 - Ohio Company used 3D printing to make artificial limbs for animals. This initiative of the company was aimed toward achieving higher productivity by reducing the production time by half.

Major Players:

  • Appletree Orthotic Services Ltd
  • B. Braun Vet Care GmbH
  • Chicagoland Animal Orthotics & Prosthetics
  • DePuy Synthes
  • GPC Medical Ltd
  • MWI Veterinary Supply Co.
  • Rita Leibinger GmbH & Co. KG, among others

Animal Ortho-Prosthetics Market Report Summary

Metrics

Details

Industry

Animal Ortho-Prosthetics

Study Period

2015 – 2023

CAGR

6.5%

Largest Market Share by Region

North America

Key Developments

Mar 2018 - Ohio Company used 3D printing to make artificial limbs for animals. This initiative of the company was aimed toward achieving higher productivity by reducing the production time by half.

Companies Covered

Appletree Orthotic Services Ltd, B. Braun Vet Care GmbH, Chicagoland Animal Orthotics & Prosthetics, DePuy Synthes, GPC Medical Ltd, MWI Veterinary Supply Co., and Rita Leibinger GmbH & Co. KG, among others

Report Offerings

The Animal Ortho-Prosthetics Market offers the latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share, and forecast till 2023.

Reasons to Purchase this Report

  • Current and future global Animal Ortho-Prosthetics Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet (in Excel)

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1. Introduction

                1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

                5.1 Current Market Scenario

                5.2 Porter's Five Forces Analysis

                                5.2.1 Bargaining Power of Suppliers

                                5.2.2 Bargaining Power of Consumers

                                5.2.3 Threat of New Entrants

                                5.2.4 Threat of Substitute Products and Services

                                5.2.5 Competitive Rivalry within the Industry

6. Market Dynamics

                6.1 Market Drivers

                                6.1.1 Rising Technological Advancements

                                6.1.2 Rise in Number of Companion Animals

                                6.1.3 Rising Prevalence of Obesity in Pets

                6.2 Market Restraints

                                6.2.1 Lack of Awareness and Absence of Veterinary Ortho-Prosthetics Care in Emerging Countries

                                6.2.2 High Cost of Ortho-Prosthetics

                6.3 Opportunities

                6.4 Key Challenges

7. Market Segmentation

                7.1 By Product Type

                                7.1.1 Braces

                                                7.1.1.1 Carpel Brace

                                                7.1.1.2 Contracting Bracing

                                                7.1.1.3 Deformity Brace

                                                7.1.1.4 Hip Brace

                                                7.1.1.5 Stifle Brace

                                7.1.2 Prosthetics

                                7.1.3 Other Product Types (Screws, Jigs, Pins, Plates, and Wires)

                7.2 End User

                                7.2.1 Veterinary Clinic

                                7.2.2 Rehabilitation Center

                                7.2.3 Prosthetic Clinic

                7.3 By Geography

                                7.3.1 North America

                                                7.3.1.1 United States

                                                7.3.1.2 Canada

                                                7.3.1.3 Mexico

                                7.3.2 Europe

                                                7.3.2.1 France

                                                7.3.2.2 Germany

                                                7.3.2.3 United Kingdom

                                                7.3.2.4 Italy

                                                7.3.2.5 Spain

                                                7.3.2.6 Rest of Europe

                                7.3.3 Asia-Pacific

                                                7.3.3.1 China

                                                7.3.3.2 Japan

                                                7.3.3.3 India

                                                7.3.3.4 Australia

                                                7.3.3.5 South Korea

                                                7.3.3.6 Rest of Asia-Pacific

                                7.3.4 Middle East & Africa

                                                7.3.4.1 GCC

                                                7.3.4.2 South Africa

                                                7.3.4.3 Rest of Middle East & Africa

                                7.3.5 South America

                                                7.3.5.1 Brazil

                                                7.3.5.2 Argentina

                                                7.3.5.3 Rest of South America

8. Competitive Landscape

                8.1 Merger and Acquisition Analysis

                8.2 Agreements, Collaborations, and Partnerships

                8.3 New Products Launches

9. Key Players

                9.1 Appletree Orthotic Services Ltd

                9.2 B. Braun Vet Care GmbH

                9.3 Chicagoland Animal Orthotics & Prosthetics

                9.4 DePuy Synthes

                9.5 GPC Medical Ltd

                9.6 MWI Veterinary Supply Co.

                9.7 Rita Leibinger GmbH & Co. KG

                *List Not Exhaustive

10. Future of the Market

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