Veterinary Orthopedic Implants Market - By Product Type (Instruments, Implants), By Animal Type (Companion, Livestock), By Application (Tibial Plateau Leveling Osteotomy), By End-use (Hospital & Clinics) & Forecast, 2023 – 2032

Veterinary Orthopedic Implants Market - By Product Type (Instruments, Implants), By Animal Type (Companion, Livestock), By Application (Tibial Plateau Leveling Osteotomy), By End-use (Hospital & Clinics) & Forecast, 2023 – 2032

Veterinary Orthopedic Implants Market Size

Veterinary Orthopedic Implants Market size was valued at around USD 360 million in 2022 and is estimated to witness 2032. The rise in the occurrence of orthopedic disorders in animals, such as injury and arthritis, is driving the global market growth.

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Growing cases of cruciate ligament rupture in dogs globally is expected to supplement the market growth. For instance, the condition leading to cranial cruciate ligament rupture (CCLR) is often present in both knees, and about 30-50% of dogs will rupture both cranial cruciate ligaments (CCLs) within 1-2 years. Thus, increasing cases of cranial cruciate ligament rupture will accelerate the market growth.

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Furthermore, the veterinary orthopedic implants market is predicted to rise due to the availability of enhanced animal healthcare infrastructure, an increase in unmet animal healthcare demands, and a surge in product demand.

Veterinary orthopedic implants are medical devices designed for use in animals to stabilize and support bones and joints that have been damaged or weakened due to injury, disease, or congenital conditions. These implants are typically made from biocompatible materials such as titanium, stainless steel, or cobalt chromium alloy and are surgically implanted into the affected area to provide support, stability, and alignment during the healing process.

COVID-19 Impact

The COVID-19 pandemic had a negative impact on the veterinary orthopedic implants market. The increasing number of cases in the initial months of the pandemic, stringent restrictions on the movement of humans and goods resulted in limited patient influx in veterinary facilities. Also, shortage of skilled healthcare professionals had largely disrupted the operations of veterinary facilities, resulting into a negative impact on providers in the market. Also, the other factors affected the market include an increase in the burden of COVID-19-related hospitalization and limited availability of medical care.

Veterinary Orthopedic Implants Market Trends

Over the last few years, there has been a noticeable increase in the adoption of pet animals, such as cats and dogs, as human companions. For instance, according to the statistics from Animal Shelters & Rescues Report 2021, nearly 1 million pets adopted in the U.S. Out of 1 million, 58% dogs are adopted, 41% cats and 1% other pets are adopted. As a result, the growing population of adopted pets raises animal healthcare spending thus, promoting the market growth. Furthermore, the benefits of owning a pet, such as reduced stress, anxiety, and depression, as well as maintaining lower blood pressure, will enhance the market growth. Thus, increased social acceptance of pets is expected to enhance the pet adoption, thereby accelerating the market expansion.

Veterinary Orthopedic Implants Market Analysis

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Based on product type, the veterinary orthopedic implants market is segmented as instruments and implants. The implants segment further divided into plates, screws, pins & wires, and others. The implants segment held a majority market value of USD 236.7 million in 2022. This high market revenue is owing to a growing number of cases involving musculoskeletal or orthopedic injuries in animals. Few of the major issues in animals include elbow dysplasia, hip dysplasia, and cruciate ligament tears, necessitate surgery which promotes the growth of implants.  Furthermore, ease of product availability, affordability, and increased research and development activities in the medical device industry will accelerate the market statistics.

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Based on animal type, the veterinary orthopedic implants market is segmented as companion animals and livestock animals. The companion animals segment is further bifurcated as dogs, cats, and others. The companion animals held a dominant market share of around 86.3% in 2022 and is expected to grow at a significant pace during the analysis period. Pet owners treat their pets as members of the family and spend more money on them. With pet ownership booming in Europe, the European Pet Food Industry Federation (FEDIAF) has found that pet owners spend more than $20.3 billion on pet food, supplies, healthcare and services. Therefore, various companies are undertaking organic and inorganic strategies to meet the growing demand. Similarly, the increasing incidence of obesity in animals, increases the cases of osteoarthritis. For instance, according to an article published by Pet Keen in July 2022, vets estimate that as many as 59% of all pets are obese. Such factor is expected to fuel the growth of the veterinary orthopedic practice.

Based on application, the veterinary orthopedic implants market is segmented as tibial plateau levelling osteotomy implants (TPLO), tibial tuberosity advancement implants (TTA), hip replacement, knee replacement, elbow replacement, and others. The tibial plateau levelling osteotomy implants (TPLO) held a dominant market share in 2022 and is expected to grow at a significant pace of 8.7% between 2023 to 2032.  This high segmental growth is due to an increase in trauma and arthritic diseases in dogs. Additionally, overweight dogs are prone to cruciate ligament tears. For instance, according to the Association for Pet Obesity Prevention (APOP) report, in 2022, 61% of cats were classified as overweight or having obesity. Therefore, increasing number of obese dogs is expected to boost the growth of the market.

Based on end-use, the market is segmented as veterinary hospitals & clinics, and others. The veterinary hospitals & clinics is anticipated to reach around USD 567 million by end of 2032. Growing number of veterinary hospitals & clinics along with increasing awareness regarding animal health will propel the market growth. Also, growing concerns associated with fractures and skeletal injuries in juvenile pets will also escalate the need for veterinary orthopedic implants. Typically, juvenile dogs are seven times more prone to fractures as compared to adult dogs. Furthermore, pet owners are increasingly preferring veterinary hospitals & clinics for all pet care needs since they are fully equipped with technological advance equipment. For instance, in December 2022, the Government of India announced the launch of the Livestock Health & Disease Control Program (LHDCP) to strengthen veterinary infrastructure and disease surveillance. Such factor will positively impact the market forecasts.

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U.S. veterinary orthopedic implants market surpassed USD 106.2 million in 2022. This majority market share is attributable to the high rate of pet adoption. The U.S. has a robust footprint of veterinary hospitals & clinics, strong presence of market players and pet insurance coverage is rising the regional market growth. Also, rising disposable income has made way for extensive pet care expenditure along with a solid need for advanced pet care services in the country. According to AVMA Pet Ownership & Demographics Sourcebook, the number of American households with at least one cat increased from 26% in 2020 to 29% in 2022. Similarly, nowadays, several millennials are opting to welcome and take care of companion animals, instead of choosing parenthood and starting a family. Such factor will further supplement the regional market growth.

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