Veterinary Orthopedic Implants Market Size
Veterinary Orthopedic Implants Market size is expected to reach USD 360 million in 2022 and rise to 2032. Global market expansion is being driven by the increasing frequency of orthopedic diseases including arthritis and injuries in animals.
To get key market trends
Rising cases of cruciate ligament rupture in dogs worldwide should help to offset market expansion. For example, around 30–50% of dogs may tear both cranial cruciate ligaments (CCLs) within 1–2 years; the condition causing cranial cruciate ligament rupture (CCLR) is usually present in both knees. Increasing incidence of cranial cruciate ligament rupture will thereby hasten the expansion of the market.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Veterinary Orthopedic Implants Market Size in 2022 | 360 Million USD |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7.7% |
| 2032 Value Projection | 750.5 Million USD |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 466 |
| Tables, Charts & Figures | 514 |
| Segments covered | Product Type, Animal Type, Application, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Moreover, the market for veterinary orthopedic implants is expected to grow because of improved animal healthcare infrastructure, rising unmet animal healthcare needs, and growing product demand.
Veterinary orthopedic implants are medical tools meant for use in animals to support and stabilize injured or weakened bones and joints resulting from disease, accident, or congenital disorders. Usually composed of biocompatible materials such titanium, stainless steel, or cobalt chromium alloy, these implants are surgically placed into the impacted area to offer support, stability, and alignment during the healing process.
COVID-19 Impact
Veterinary orthopedic implant market suffered as a result of the COVID-19 epidemic. The growing number of cases in the first months of the epidemic, strong limitations on the flow of people and products led to a limited patient arrival in veterinary clinics. Furthermore, a lack of qualified medical professionals had mostly interfered with the running of veterinary clinics, therefore affecting the availability of providers on the market. Furthermore influencing the market are limited access to medical treatment and a rise in the load of COVID-19-related hospitalization.
Veterinary Orthopedic Implants Market Trends
More and more individuals have started inviting furry pets like dogs and cats into their houses in recent times. About 1 million animals discovered their permanent homes in the United States last year; dogs took the stage at 58%, cats not far behind at 41%, and other cuties account for the remaining 1%. This increase in pet adoption has created a rising need for animal healthcare, therefore strengthening the whole business. More individuals are also willing to share their life with a four-legged friend because of all the advantages of having a pet—including feeling less stressed, anxious, and depressed as well as even lower blood pressure. Furthermore, as society grows more pet-friendly, we should predict even more adoption, therefore augmenting the pet industry in the next years.
Veterinary Orthopedic Implants Market Analysis
Learn more about the key segments shaping this market
The equipment and parts used to heal broken bones and other ailments in animals define the pet orthopedic implant market. The components—also known as "implants—are further broken down into numerous forms including plates, screws, cables, and other items. At over $236.7 million, the implant component of the market dominated 2022. Why is the market for implant components so vast? Particularly in their bones and muscles, the increasing number of animals suffering calls for attention. Among the most often occurring disorders are knee ligaments torn and elbow and hip dysplasia. Many times, these injuries call for surgery, in which case implants are used to straighten the bones and enable appropriate healing. The large market is also a result of these easily available, reasonably priced implants, which companies are constantly developing new and improved versions of which. All of this aids in the market's even more expansion.
Learn more about the key segments shaping this market
Regarding farm animals and pets, there are two primary groupings on the orthopedic implant market. About 86%, of the market is for companion animals—that is, dogs, cats, and other pets. People spend rather a lot on their animal pets, which are like family. Pet food, toys, health care, and other services alone account for almost $20 billion annually spent by European pet owners. This has driven businesses to devise fresh approaches to satisfy the rising need for pet care. The rising number of overweight animals is another factor fueling the expansion of orthopedic implants. For instance, professionals believe that about sixty percent of dogs are obese. Problems like osteoarthritis, which can be treated with orthopedic surgery, can follow from this. Therefore, the need for veterinary orthopedic implants is likely to grow as more individuals pamper their furry friends and pet ownership keeps rising.
Vets utilize several types of implants depending on where the issue is when it comes to repairing fractured bones and joint problems in animals. Usually used to address leg and knee problems, tibial plateau leveling osteotomy implants (TPLO) have proven somewhat popular since 2022. Actually, researchers predict that, at roughly 8.7% from 2023 to 2032, this segment of the market is projected to develop even more in the next years. Why is this TPLO implant so much sought for? Actually, pets nowadays are suffering with more injuries and arthritis. Overweight animals also have increased chance of damaging their knee ligaments. For instance, according to a research by the Association for Pet Obesity Prevention, over half of cats would be obese or overweight by 2022. Hence, the demand for these implants is projected to rise as more and more pets get obese.
Hospitals and clinics for animals as well as other sites define the two main sectors of the veterinary orthopedic implant market. By 2032 veterinary hospitals and clinics are predicted to have grown to roughly $567 million. More veterinary hospitals and clinics opening as well as increasing awareness of the need of maintaining animal health will help to drive this expansion. Furthermore, the need for these implants will rise as more young animals sustain fractures and other bone injuries. Seven times more than adult dogs, young pups are prone to shatter a bone. Moreover, since veterinary hospitals and clinics offer the most modern technologies, more and more pet owners are bringing their animals for all their needs. For instance, the Indian government announced in December 2022 that it will begin the Livestock Health & Disease Control Program (LHDCP) to improve veterinarian treatment and disease control. Such things will enable the market expand.
Looking for region specific data?
Rising to a startling $106.2 million in 2022, the US veterinary orthopedic implant industry has been exploding. And the justification is You predicted itthe increase in pet adoptions! America is a pet care paradise as the number of veterinary clinics and hospitals has exploded here. Pet insurance is also becoming rather popular since it gives owners piece of mind and drives the expansion of the sector. Not overlooked are Americans' growing disposable money. It's allowing them more wiggle room for their animal buddies—including first-rate medical treatment. And as sophisticated pet care services proliferate, the market is poised to fly much higher. Reliable sources indicate that the proportion of American homes having at least one kitty cat grew from 26% in 2020 to 29% in 2022. And more and more millennials are opting to curl up with friends rather than beginning families. For the market in veterinary orthopedic implants, that provides still another push.
Leading Companies in the Veterinary Orthopedic Implants Market
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DePuy Synthes (Johnson & Johnson)
A prominent player offering a comprehensive range of orthopedic solutions for animals, leveraging Johnson & Johnson's extensive research and development capabilities. -
B. Braun Melsungen AG (B. Braun Vet Care)
Known for high-quality implants and surgical instruments, B. Braun emphasizes innovation and has a strong global presence in the veterinary orthopedic sector. -
Movora (Vimian Group AB)
A dynamic company focusing on advanced surgical treatment options for musculoskeletal disorders in animals, with recent expansions through strategic acquisitions. -
Orthomed (UK) Ltd.
Specializes in innovative orthopedic implants, such as the MMP canine cruciate repair system, and provides comprehensive training for veterinary professionals. -
Integra LifeSciences
Offers a diverse portfolio of orthopedic implants, including polymeric resorbable options, catering to various veterinary surgical needs. -
BioMedtrix, LLC
Focuses on joint replacement systems and has been integrated into B. Braun's operations to enhance their veterinary orthopedic offerings. -
KYON AG
Renowned for its innovative locking plate systems and joint replacement implants, KYON maintains a strong presence supported by a network of veterinary professionals. -
Veterinary Orthopedic Implants, Inc. (VOI)
Provides a wide range of orthopedic implants and instruments, focusing on high-quality products and continuous research and development. -
Arthrex Vet Systems
A division of Arthrex, Inc., offering advanced orthopedic solutions and instruments tailored for veterinary applications. -
Everost Inc.
Delivers a variety of orthopedic implants and has been recognized for its contributions to the veterinary orthopedic field. -
IMEX Veterinary, Inc.
Specializes in external fixation systems and other orthopedic solutions for veterinary use. -
Securos Surgical
Offers a range of orthopedic implants and instruments, focusing on innovation and quality in veterinary surgery. -
Fusion Implants
Known for modular joint repair devices, contributing to advancements in veterinary orthopedic procedures. -
Narang Medical Limited
Provides a comprehensive portfolio of orthopedic implants and instruments, serving various segments in the veterinary market. -
GPC Medical Limited
Excels in high-precision metallic components, offering a range of orthopedic solutions for veterinary applications. -
BlueSAO
A notable player in the market, contributing to the diversity of available veterinary orthopedic implants. -
Auxein Medical Pvt. Ltd.
Recognized for its composite implant portfolio, serving various needs in the veterinary orthopedic sector. -
Stryker Corporation
A global medical technology company with a broad range of orthopedic implants, including those for veterinary use. -
Zoetis Inc.
Engages in the development and marketing of veterinary products, including orthopedic solutions. -
STERIS Corporation
Provides sterilization and processing solutions, supporting the veterinary orthopedic implants market.
These companies play pivotal roles in advancing veterinary orthopedic care through continuous innovation, strategic partnerships, and a commitment to improving animal health outcomes.
Veterinary Orthopedic Implants Industry News
- In August 2022, Vimian’s MedTech segment Movora acquired the assets of New Generation Devices (NGD), a veterinary orthopedic implants company in New Jersey, U.S. This acquisition has helped the company to expand their customer base to which the company can offer full product portfolio of veterinary orthopedic implants and surgical instrumentation.
- In June 2020, Fidelio Capital acquires a majority of the shares in Veterinary Orthopedic Implants (VOI), a leading provider of veterinary orthopedic implants and instruments. This acquisition helped the company to expand and grow.
Veterinary orthopedic implants market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments
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By Product Type
- Instruments
- Implants
- Plates
- Screws
- Pins & Wires
- Other Implants
By Animal Type
- Companion Animals
- Dogs
- Cats
- Other Companion Animals
- Livestock Animals
By Application
- Tibial Plateau Leveling Osteotomy Implants (TPLO)
- Tibial Tuberosity Advancement Implants (TTA)
- Hip Replacement
- Knee Replacement
- Elbow Replacement
- Other Applications
By End-use
- Veterinary Hospitals & Clinics
- Other End-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Switzerland
- Netherlands
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Indonesia
- Vietnam
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Peru
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
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