Veterinary Ortho-Prosthetics Market Size
Rising ownership of companion animals, increasing adoption of pet insurance in developed nations, high prevalence of obesity in companion animals, increasing number of veterinary orthopedic specialists, and technological developments in orthotics & prosthesis mean that the estimated USD 49.7 million veterinary ortho-prosthesis market is CAGR 9.1% up to 2032.
To get key market trends
Veterinary ortho-prosthetics is the specialist specialty of veterinary medicine dedicated to designing, fabricating, and fitting of unique orthotic and prosthetic devices for animals. Using orthopedic and prosthetic concepts and procedures, it helps animals with limb or joint injuries, congenital defects, amputations, or other disorders compromising their mobility and quality of life.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Veterinary Ortho-Prosthetics Market Size in 2023 | USD 49.7 million |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 9.1% |
| 2032 Value Projection | USD 109 Million |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 205 |
| Tables, Charts & Figures | 352 |
| Segments covered | Product, Technique, Animal type, End-user, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
COVID-19 Impact
The market saw varied effects from COVID-19. Travel restrictions and lockdowns applied during the epidemic caused appointments at veterinary clinics and hospitals to be canceled or reduced. This market suffered as the serious patients were only permitted to see veterinarian facilities. Apart from this, travel limits affected the feeding patterns and degree of exercise of the pets, which resulted in the rising obesity frequency in companion animals. This led to soft tissue injury and osteoarthritis, hence raising the demand for animal ortho-prosthesis.
Veterinary Ortho-Prosthetics Driving Factors
One of the main determinants of the veterinary ortho-prosthetic market is the growing pet ownerships in developing nations. For example, the China Pet Industry report estimates that 91.47 million homes will have pets by 2021. Pet insurance is becoming more and more popular as awareness of animal health rises in line with the growing pet count. The North American Pet Health Insurance Association (NAPHIA) estimates that 3.9 million or so pets insured by the end of 2021.
Factors including technological developments in ortho-prosthesis, growing number of veterinary orthopedic experts, increased obesity in companion animals and rising animal healthcare costs influence.
Veterinary Ortho-Prosthetics Market Analysis
Learn more about the key segments shaping this market
Product-based segmentation of the veterinary ortho-prosthetic market divides it into prosthesis and orthosis. By 2022, the prosthesis market is expected to be worth over USD 27.4 million. Considered as a superb substitute for surgical operations and for post-surgery recuperation, animal prosthesis provide several benefits over other items. It enhances quality of life and helps to avoid limb disabilities-related secondary health problems. Considering the benefits of prosthesis and veterinary ortho-prosthetic technological developments.
Technologically, the veterinary ortho-prosthesis market is divided into 3D printing and molding. By CAGR of 9.4%, the 3D printing segment will see notable growth by 2032. A great tool in the field of veterinary ortho-prosthesis, 3D printing provides more customizing, design flexibility, fast prototyping, and cost-effectiveness. These benefits, together with allowing improved results for animal sufferers in demand of specific equipment, help.
Learn more about the key segments shaping this market
Companion animals and livestock animals separate the veterinary ortho-prosthetic industry depending on animal type. Dogs, cats, horses, and other companion animals define the further divisions within the category on companion animals. With 81.5% of the market share in 2022, the segment of companion animals held The growing ownership of pets in developed and developing nations, the high frequency of obesity in companion animals like cats and dogs, rising adoption of pet insurance, and growing demand for efficient treatment options to treat limb, joint injuries, or disabilities in pets help to explain the development.
Veterinary hospitals, veterinary orthopedic clinics, and veterinary rehabilitation centers divide the worldwide veterinary ortho-prosthesis market based on end-user. With a 43.8% market share in this sector, the veterinary hospital segment is expected to dominate in 2022. Growing number of insured dogs, rising knowledge and desire for efficient treatment as animal problems include obesity, injuries, joint displacements, or disabilities become more common.
Looking for region specific data?
Relatively to region, North America veterinary ortho-prosthesis market had the greatest revenue share in 2022; by 2032 it is estimated to reach USD 50.1 million. Higher awareness of veterinary ortho-prosthesis, fast rising pet ownerships, animal obesity, and rising animal healthcare costs all help to explain this. Rising animal adoption and increasing attention on animal health would cause Asia Pacific sector to see development at the highest CAGR of 10.3% by 2032.
Veterinary Ortho-Prosthetics Market Share
The prominent players in veterinary ortho-prosthetics market are
- OrthoPets LLC
- Animal Ortho Care
- Walkin' Pets
- My Pet's Brace
- K-9 Orthotics & Prosthetics, Inc.
- DePuy Synthes
- Petsthetics LLC
- Specialized Pet Solutions
- Bionic Pets
- Anchor Orthotics & Prosthetics
Veterinary Ortho-Prosthetics Industry News
- In June 2022, Walkin’ Pets introduced a new division of custom orthosis and leg braces. Walkin’ Pet Braces are now available in 4 different types- Stifle braces, Elbow brace, Carpal braces, and Tarsal braces to enter the untapped market, to boost the revenue and enhance their product line.
- In October 2019, Animal Ortho Care introduced new division of orthopedic support products called as Embrace. Embrace products consists of braces that treats carpal, knee, hock, and paw medical conditions to enhance the product portfolio and to increase the revenue.
The global veterinary ortho-prosthetics 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
- Prosthetics
- Orthotics
- Stifle braces
- Carpal/Tarsus braces
- Other braces
By Technique
- 3D printing
- Molding
By Animal Type
- Companion animals
- Dogs
- Cats
- Horses
- Other companion animals
- Livestock animals
By End-user
- Veterinary hospitals
- Veterinary orthopedic clinics
- Veterinary rehabilitation centers
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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