Veterinary orthopedic Medicine Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Product Type (Biologics, Viscosupplements, Pharmaceuticals), By Animal type (Canine, Feline, Equine, Cattle, Swine, Others), By Route of Administration (Oral, Parenteral, Topical), By End Use (Veterinary Hospitals and Clinics, Homecare Settings, Others), By Region & Competition, 2019

Market Overview

Global Veterinary Orthopedic Medicine Market was valued at USD 3.73 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.82% through 2029. The Global Veterinary Orthopedic Medicine Market encompasses a diverse landscape of products and services aimed at addressing musculoskeletal conditions in animals, ranging from companion pets to livestock. This market is driven by various factors, including the growing pet ownership rates worldwide, increasing awareness about animal health, advancements in veterinary orthopedic procedures and technologies, and the rising prevalence of orthopedic disorders among animals.

The market is witnessing significant innovation with the development of minimally invasive surgical techniques, advanced imaging modalities for accurate diagnosis, and the integration of 3D printing technology for customized implants. Companion animal orthopedics, particularly in dogs and cats, dominate the market share owing to the rising demand for pet healthcare services and the willingness of pet owners to invest in advanced treatment options. However, the livestock sector also contributes substantially to the market, driven by the need to improve productivity and address musculoskeletal issues in animals raised for meat, dairy, and other agricultural purposes.

Geographically, North America and Europe hold significant market shares due to the presence of well-established veterinary healthcare infrastructure, high pet adoption rates, and strong investments in research and development. Emerging economies in Asia Pacific and Latin America are witnessing rapid growth fueled by urbanization, increasing disposable income, and a shift towards pet ownership. However, challenges such as high treatment costs, limited access to advanced veterinary care in rural areas, and stringent regulatory requirements may hinder market growth to some extent. Key players in the global veterinary orthopedic medicine market include veterinary hospitals, clinics, specialty orthopedic centers, medical device manufacturers, pharmaceutical companies, and research institutions. Collaborations, partnerships, and strategic acquisitions are common strategies adopted by these players to expand their product portfolios, enhance their market presence, and cater to the evolving needs of veterinary orthopedic healthcare.

Key Market Drivers

Rising Pet Ownership Rates

Rising pet ownership rates are a significant driving force behind the growth of the global veterinary orthopedic medicine market. Across the world, there has been a notable increase in the number of households welcoming pets into their families, whether they be dogs, cats, or other companion animals. This trend is particularly pronounced in urban areas where lifestyles are conducive to pet ownership and where there is greater disposable income to allocate toward pet care.

With pets increasingly viewed as integral members of the family, owners are more inclined to invest in their health and well-being, including addressing orthopedic issues. As pets age alongside their owners, they are susceptible to a range of musculoskeletal conditions such as arthritis, ligament tears, and hip dysplasia. Certain breeds may be predisposed to orthopedic problems due to genetic factors.

As a result, pet owners are seeking out advanced veterinary care to ensure their pets maintain a good quality of life. This includes orthopedic treatments and procedures aimed at alleviating pain, restoring mobility, and enhancing overall comfort. Veterinary orthopedic medicine offers a range of solutions, from non-invasive therapies such as physical rehabilitation and medication management to more invasive interventions like surgery and orthopedic implants.

The increasing humanization of pets has led to a greater willingness among owners to pursue specialized care options, even if they come at a higher cost. Pet insurance, which has become more prevalent in recent years, also provides financial coverage for veterinary services, making advanced orthopedic treatments more accessible to a broader range of pet owners.

Veterinary clinics and hospitals are responding to this growing demand by expanding their orthopedic service offerings and investing in state-of-the-art equipment and facilities. there has been a surge in research and development efforts focused on advancing orthopedic treatments and technologies tailored specifically for veterinary medicine. Rising pet ownership rates are driving significant growth in the global veterinary orthopedic medicine market. As the bond between humans and their animal companions continues to strengthen, so will the demand for innovative orthopedic solutions to ensure the health and well-being of beloved pets around the world.

Increasing Awareness about Animal Health

Increasing awareness about animal health is a crucial factor driving the growth of the global veterinary orthopedic medicine market. As pet owners and animal caretakers become more educated about the importance of proactive healthcare for their furry companions, there is a growing recognition of the significance of orthopedic issues in animals and the need for specialized treatments. One of the key drivers behind this heightened awareness is the availability of information through various channels, including the internet, social media, and veterinary professionals. Pet owners are increasingly seeking out information about common health concerns and preventive measures to ensure the well-being of their pets. As a result, they are more likely to recognize signs of musculoskeletal problems, such as limping, difficulty standing or walking, and reluctance to move, prompting them to seek veterinary assistance.

Initiatives by veterinary organizations, animal welfare groups, and government agencies play a crucial role in raising awareness about orthopedic health in animals. These organizations conduct educational campaigns, workshops, and seminars to educate pet owners, breeders, and animal caregivers about the importance of regular check-ups, proper nutrition, and preventive measures to maintain musculoskeletal health in animals.

The increasing awareness about animal health also extends to the recognition of the emotional and psychological well-being of pets. As pet-human bonds strengthen, owners are more attuned to their pets' physical discomfort and emotional needs. They are inclined to provide the best possible care, including seeking out advanced orthopedic treatments to alleviate pain and improve mobility, thereby enhancing the overall quality of life for their pets.

The rise in pet insurance coverage contributes to greater awareness about the importance of veterinary care, including orthopedic medicine. Pet insurance plans often cover orthopedic procedures and treatments, encouraging pet owners to pursue timely interventions without financial constraints. As awareness about orthopedic health in animals continues to grow, there is a corresponding increase in the demand for veterinary orthopedic medicine. Veterinary clinics and hospitals are seeing a rise in the number of pet owners seeking orthopedic consultations and treatments, leading to an expansion of orthopedic service offerings and investments in advanced orthopedic technologies.

Rising Prevalence of Orthopedic Disorders Among Animals

The rising prevalence of orthopedic disorders among animals is a key driver behind the growth of the global veterinary orthopedic medicine market. Factors such as aging pet populations, increasing obesity rates, genetic predispositions, and heightened physical activity levels contribute to the growing incidence of orthopedic conditions in animals worldwide. One significant contributor to the increase in orthopedic disorders among animals is the aging pet population. As pets live longer due to advancements in veterinary medicine and improved pet care practices, they become more susceptible to age-related musculoskeletal issues such as arthritis, degenerative joint disease, and age-related ligament tears. These conditions can significantly impact an animal's mobility and quality of life, prompting pet owners to seek veterinary orthopedic care to alleviate pain and improve function.

Obesity is another prevalent factor contributing to the rise in orthopedic disorders among animals. Overweight and obese pets are at a higher risk of developing orthopedic conditions such as osteoarthritis, as excess weight puts added strain on their joints and ligaments.

Genetic predispositions also play a role in the prevalence of orthopedic disorders among certain breeds of animals. Certain breeds are genetically predisposed to orthopedic conditions such as hip dysplasia, elbow dysplasia, and luxating patella. As these conditions are often hereditary, they can affect animals from a young age and may require lifelong management and treatment. Consequently, pet owners of these breeds are more likely to seek specialized orthopedic care for their animals to address these genetic predispositions and improve their quality of life.

Increased physical activity levels, particularly in working and athletic animals, can predispose them to orthopedic injuries such as ligament tears, fractures, and soft tissue injuries. Activities such as agility training, sports competitions, and working on farms or in service roles can put significant strain on an animal's musculoskeletal system, increasing their risk of orthopedic issues. As the prevalence of orthopedic disorders among animals continues to rise, there is a growing demand for veterinary orthopedic medicine to diagnose, treat, and manage these conditions effectively. Veterinary clinics and hospitals are seeing an influx of pet owners seeking orthopedic consultations, surgeries, and rehabilitation services, driving growth in the global veterinary orthopedic medicine market.

Key Market Challenges

Regulatory Hurdles and Compliance

One of the significant challenges hindering the global veterinary orthopedic medicine market is regulatory hurdles and compliance issues. The regulatory landscape for veterinary medical devices and procedures can vary significantly from one country to another, making it challenging for manufacturers to navigate and comply with different regulatory requirements. This can lead to delays in product approvals, increased regulatory costs, and market access barriers, limiting the availability of advanced orthopedic treatments and technologies in certain regions.

High Treatment Costs

Another major challenge facing the global veterinary orthopedic medicine market is the high cost associated with orthopedic treatments and procedures. Advanced orthopedic surgeries, implants, and rehabilitation therapies can be expensive, making them unaffordable for some pet owners and veterinary practices. The high treatment costs can deter pet owners from pursuing necessary orthopedic interventions for their animals, leading to suboptimal outcomes and compromised quality of life for affected pets.

Limited Access to Advanced Veterinary Care

Limited access to advanced veterinary care, particularly in rural and underserved areas, poses a significant challenge to the global veterinary orthopedic medicine market. Veterinary clinics and hospitals equipped with specialized orthopedic facilities and trained professionals are often concentrated in urban centers, leaving rural pet owners with limited access to advanced orthopedic treatments and procedures. This disparity in access to veterinary care can result in delayed diagnoses, inadequate treatment options, and poorer health outcomes for animals in rural communities.

Shortage of Skilled Veterinary Professionals

Key Market Trends

Minimally Invasive Surgical Techniques

Minimally invasive surgical techniques are revolutionizing the field of veterinary orthopedic medicine and driving significant growth in the global market. These advanced surgical approaches offer numerous benefits over traditional open surgeries, including smaller incisions, reduced tissue trauma, shorter recovery times, and decreased risk of complications. As a result, there is a growing preference among pet owners and veterinary professionals for minimally invasive techniques in the treatment of orthopedic conditions in animals.

One of the key advantages of minimally invasive surgical techniques in veterinary orthopedics is their ability to minimize post-operative pain and discomfort for animals. Smaller incisions result in less tissue damage and nerve disruption, leading to reduced pain during the recovery period. This is particularly beneficial for animals, as it allows them to return to normal activities more quickly and with less reliance on pain medications. Minimally invasive surgical techniques offer faster recovery times compared to traditional open surgeries, allowing animals to resume normal function and mobility sooner. This is especially important for working animals, such as police dogs and search and rescue dogs, whose performance and effectiveness may be compromised by prolonged periods of restricted activity. By minimizing downtime and accelerating the healing process, minimally invasive techniques help optimize the overall health and well-being of animals undergoing orthopedic procedures.

The reduced risk of complications associated with minimally invasive surgical techniques contributes to improved outcomes and higher patient satisfaction rates. With fewer complications, there is less need for follow-up care and interventions, resulting in lower healthcare costs and reduced burden on pet owners and veterinary healthcare providers.

Another factor driving the adoption of minimally invasive techniques in veterinary orthopedics is the advancements in technology and instrumentation that have made these procedures more accessible and effective. High-definition imaging modalities, such as digital radiography and ultrasound, allow for precise visualization of anatomical structures and accurate placement of surgical instruments. Specialized surgical instruments, such as arthroscopes and minimally invasive implants, enable surgeons to perform complex orthopedic procedures with greater precision and control. minimally invasive surgical techniques are playing a significant role in boosting the global veterinary orthopedic medicine market by offering safer, more effective, and less invasive treatment options for animals with orthopedic conditions. As pet owners and veterinary professionals increasingly recognize the benefits of minimally invasive approaches, the demand for these advanced techniques is expected to continue rising, driving further innovation and growth in the veterinary orthopedic medicine market.

Focus on Regenerative Medicine

The focus on regenerative medicine is rapidly transforming the landscape of veterinary orthopedic medicine and driving substantial growth in the global market. Regenerative medicine offers innovative treatment modalities that harness the body's natural healing processes to repair and regenerate damaged tissues, providing promising alternatives to traditional surgical interventions. This focus on regenerative medicine is revolutionizing veterinary orthopedics by offering safer, more effective, and less invasive treatment options for animals with musculoskeletal conditions.

One of the key components of regenerative medicine in veterinary orthopedics is stem cell therapy. Stem cells have the remarkable ability to differentiate into various cell types and promote tissue repair and regeneration. In orthopedic applications, stem cell therapy is used to treat a wide range of conditions, including osteoarthritis, ligament and tendon injuries, and cartilage defects. By injecting stem cells directly into the affected area, veterinary orthopedic surgeons can stimulate tissue repair and regeneration, potentially avoiding the need for more invasive surgical procedures.

Platelet-rich plasma (PRP) therapy is another regenerative medicine technique that is gaining popularity in veterinary orthopedics. PRP is derived from the animal's own blood and contains a high concentration of growth factors and cytokines that promote tissue healing and regeneration. In orthopedic applications, PRP therapy is used to accelerate the healing process following injuries or surgical procedures, reduce inflammation, and improve overall tissue quality. PRP injections are typically administered using minimally invasive techniques, such as ultrasound or fluoroscopy guidance, making them an attractive option for pet owners seeking non-surgical treatments for their animals.

Advancements in tissue engineering and biomaterials are driving the development of regenerative medicine approaches that utilize minimally invasive surgical techniques. Scaffolds made from biocompatible materials can be implanted into damaged tissues to provide structural support and promote tissue regeneration. These scaffolds can be delivered using minimally invasive approaches, such as arthroscopy or percutaneous injection, allowing for targeted delivery of regenerative therapies while minimizing trauma to surrounding tissues.

Segmental Insights

End-use Insights

Based on the End-use, Veterinary Hospitals and Clinics emerged as the dominant segment in the Global Veterinary Orthopedic Medicine Market in 2023. The dominance of Veterinary Hospitals and Clinics in the Global Veterinary Orthopedic Medicine Market in 2023 can be attributed to their specialized expertise, comprehensive services, and role as referral centers for advanced orthopedic care for animals. As the demand for veterinary orthopedic medicine continues to grow, Veterinary Hospitals and Clinics are expected to maintain their prominent position in providing specialized orthopedic care to animals worldwide. Veterinary hospitals are equipped with specialized facilities, advanced diagnostic equipment, and experienced veterinary orthopedic surgeons, enabling them to offer comprehensive orthopedic services to animals. These hospitals often have dedicated orthopedic departments or specialists who are trained to diagnose and treat a wide range of orthopedic conditions in animals, ranging from fractures and ligament injuries to joint diseases and spinal disorders.

Regional Insights

North America emerged as the dominated region in the Global Veterinary Orthopedic Medicine Market in 2023, holding the largest market share.

Recent Developments

• InOctober 2023, VetStem, Inc. forged a partnership agreement and bolstered itsproduction capacity by acquiring three GMP manufacturing facilities locatedwithin the San Diego BioPharma Corridor.
• InDecember 2023, PetVivo Holdings, Inc., a growing biomedical device companyspecializing in innovative medical devices and therapeutics for equine andcompanion animals, announced a definitive distribution agreement with CovetrusNorth America, LLC (“Covetrus”). Under this agreement, Covetrus will stock,market, and promote PetVivo’s veterinary medical device, Spryng withOsteoCushion technology, across the United States. Covetrus will begin itssales and marketing efforts on January 1, 2024.
• InApril 2024, VetStem, Inc.'s PrecisePRP Canine, a leucoreduced, allogeneic,pooled, freeze-dried platelet-rich plasma (PRP) product, received FDA reviewclearance. According to the FDA, this product is the first animal cell, tissue,and cell- and tissue-based product (ACTP) intended for intra-articular use tosuccessfully undergo FDA review. Each injectable vial delivers a consistentdose of four billion platelets at a concentration of 500,000 platelets permicroliter, with leucoreduction to less than 1,500 white blood cells permicroliter.  

Key Market Players

• Enso Discoveries, LLC
• Zoetis, Inc.
• Boehringer Ingelheim InternationalGmbH
• Elanco Animal Health Inc
• Biogenesis Bago SA
• American Regent, Inc..
• Merck & Co., Inc.
• Vetoquinol S.A.
• Ceva Santé Animale
• Virbac S.A.