Market Size of Veterinary Orthopedics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Veterinary Orthopedics Market Analysis
The Veterinary Orthopedics market is expected to register a CAGR of 7.5% during the forecast period. This is attributing to the rising number of pet owners & veterinary practitioners, a growing number of government initiatives, increasing incidence of obesity. In addition, increasing the number of animal hospitals and rising demand for effective animal care will also contribute to the revenue growth of the market. As per the American Veterinary Medical Association, in 2017 pet owners in the United States spends around 15 billion on veterinary surgeries and it also said that number of veterinarians has increased from the past years. Moreover, sports activities conducted for pets in the United States will also have a high chance of injuries thus results in promoting the growth of the market. Furthermore, with the growing adoption of pets, technological advancements in veterinary orthopedic devices and increasing government initiatives associated with animals will also fuel the veterinary orthopedics market.
Veterinary Orthopedics Industry Segmentation
As per the scope, Veterinary Orthopedics deals with the diseases and injuries related to bones, joints, ligaments, tendons and others. The veterinary Orthopedics market is Segmented By Type, End-User and Geography.
| By Type | |
| Implants | |
| Instruments | |
| Screws | |
| Others |
| By Application | |
| Total hip replacement | |
| Total knee replacement | |
| Total elbow replacement | |
| Trauma fixation | |
| Others |
| Geography | ||||||||
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Veterinary Orthopedics Market Size Summary
The Veterinary Orthopedics market is poised for significant growth, driven by an increasing number of pet owners and veterinary practitioners, alongside a rise in government initiatives. The market is further bolstered by the growing incidence of obesity among pets, which necessitates advanced orthopedic care. The expansion of animal hospitals and the rising demand for effective animal care solutions are also key contributors to market revenue. In the United States, the trend of pets participating in sports activities has led to a higher incidence of injuries, thereby promoting the need for veterinary orthopedic services. Technological advancements in veterinary orthopedic devices and supportive government initiatives are expected to further fuel market growth.
Implants are anticipated to experience robust growth due to the rising cases of musculoskeletal injuries in animals, such as cruciate ligament tears and hip and elbow dysplasia, which often require surgical intervention. The increasing prevalence of obesity in pets is linked to a higher likelihood of osteoarthritis, driving the demand for orthopedic surgeries. The market is characterized by a competitive landscape with several major players, including BioMedtrix, LLC, Veterinary Orthopedic Implants, and KYON PHARMA, INC. North America is projected to hold a significant share of the global market, supported by increased pet care expenditure, technological advancements, and a well-established healthcare infrastructure. The region's focus on addressing obesity-related disorders is expected to propel the growth of the veterinary orthopedics market.
Veterinary Orthopedics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Number of Pet Owners & Veterinary Practitioners
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1.2.2 Growing Number of Government Initiatives
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1.2.3 Increasing Incidence of Obesity
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1.3 Market Restraints
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1.3.1 High Surgery and Pet Care Cost
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Implants
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2.1.2 Instruments
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2.1.3 Screws
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2.1.4 Others
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2.2 By Application
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2.2.1 Total hip replacement
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2.2.2 Total knee replacement
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2.2.3 Total elbow replacement
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2.2.4 Trauma fixation
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2.2.5 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Veterinary Orthopedics Market Size FAQs
What is the current Veterinary Orthopedics Market size?
The Veterinary Orthopedics Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Veterinary Orthopedics Market?
BioMedtrix, LLC, Veterinary Orthopedic Implants, KYON PHARMA, INC., B. Braun Melsungen AG and Integra lifesciences are the major companies operating in the Veterinary Orthopedics Market.
