Global Veterinary Orthopedics Market Size By Materials (Instruments, Implants, Plates), By Application (Total Knee Replacement, Total Hip Replacement, Trauma Fixation), By End User (Hospitals, Clinics), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Veterinary Orthopedics Market Size By Materials (Instruments, Implants, Plates), By Application (Total Knee Replacement, Total Hip Replacement, Trauma Fixation), By End User (Hospitals, Clinics), By Geographic Scope And Forecast
Veterinary Orthopedics Market Size And Forecast
Veterinary Orthopedics Market size was valued at USD 568.8 Billion in 2023 and is projected to reach USD 1011.43 Billion by 2031, growing at a CAGR of 7.5% from 2024 to 2031.
- Veterinary orthopedics is a subspecialty of veterinary medicine that focuses on the diagnosis, treatment, and prevention of musculoskeletal problems in animals. This field includes a variety of disorders involving bones, joints, ligaments, tendons, and muscles. Veterinary orthopedic surgeons use a variety of techniques, from traditional bone-setting methods to advanced surgical interventions, to treat fractures, dislocations, arthritis, congenital deformities, and other orthopedic issues in animals, including companion animals such as dogs and cats, livestock, and exotic species.
- Veterinary orthopedics plays an important role in improving the quality of life for animals with musculoskeletal difficulties. Fracture repairs with plates, screws, and external fixators are common treatments, as are joint surgeries like hip replacements and cruciate ligament repairs, as well as corrective surgery for congenital defects. Furthermore, non-surgical therapies such as physical therapy, weight management, and the use of orthopedic equipment (braces, splints) are included in treatment programs. These therapies not only reduce pain and increase movement, but also aid in the rehabilitation of injured animals, allowing them to resume normal activities.
- continual research and technological innovation. Emerging treatments, such as minimally invasive surgery, regenerative medicine (including stem cell therapy and platelet-rich plasma), and 3D printing for personalized orthopedic implants, show significant potential. Improved imaging technologies and precision equipment are projected to boost diagnostic accuracy and surgical outcomes.
- Furthermore, interdisciplinary collaboration with domains such as biomechanics and bioengineering is anticipated to result in the creation of novel therapies and technologies. As pet ownership and the human-animal link strengthen globally, the demand for better orthopedic care in veterinary medicine is expected to rise, stimulating ongoing evolution in this critical sector.
Global Veterinary Orthopedics Market Dynamics
The key market dynamics that are shaping the global Veterinary Orthopedics Market include
Key Market Drivers
- Increasing Pet Ownership The growing number of pet owners worldwide, particularly in industrialized economies, has greatly increased demand for veterinary orthopedic services. Pets are increasingly seen as family members, therefore owners are more ready to pay in modern medical treatments, such as orthopedic operations, to improve their pets’ quality of life.
- Advancements in Veterinary Medicine Technological advances in veterinary orthopedics have increased treatment options and improved animal outcomes. Innovations such as minimally invasive surgery techniques, advanced imaging modalities (such as CT and MRI), and the development of sophisticated orthopedic implants and prostheses help to drive market expansion. These innovations not only improve treatment efficacy, but they also shorten recovery durations and reduce postoperative complications.
- Rising Incidence of Orthopedic Disorders Orthopedic Disorders like as osteoarthritis, cruciate ligament injuries, hip dysplasia, and fractures are becoming more common in companion animals as a result of aging, genetics, and lifestyle choices. As these problems become more widespread, there is a greater demand for orthopedic operations and therapies to address them. Veterinary orthopedic specialists play an important role in early diagnosis and treatment of these illnesses.
- Growing Awareness and Healthcare Spending Pet owners are becoming more aware of the value of preventive care and are prepared to invest in specialized therapies for their dogs. This trend is aided by the availability of pet insurance coverage for orthopedic operations in many areas, which lowers cost obstacles and promotes more comprehensive veterinary care.
Key Challenges
- High Treatment Costs Veterinary orthopedic operations and advanced therapies can be expensive, needing specialized equipment, implants, and professional surgical experience. The high cost of these procedures can be prohibitively expensive for some pet owners, limiting access to optimal care and perhaps resulting to treatment delays or compromised care quality.
- Limited Access to Specialized Care Access to veterinary orthopedic specialists and sophisticated orthopedic care may be restricted in particular geographic areas or within smaller veterinarian offices. This can lead to delays in diagnosis and treatment, as well as variations in the quality of care provided to pets with orthopedic disorders.
- Complexity of Surgical ProceduresOrthopedic procedures in animals can be complex, requiring particular expertise and experience. To perform these surgeries safely and successfully, sophisticated surgical skills are required, as well as a complete understanding of animal anatomy and biomechanics. The complexity of these surgeries can make it difficult to get consistent results across multiple cases.
- Risk of Complications As with any surgical operation, veterinary orthopedics carries inherent risks of complications such as infections, implant failures, and post-operative pain management concerns. To reduce these hazards, rigorous preoperative planning and intensive postoperative care are required.
Key Trends
- Technological AdvancementsTechnological breakthroughs in veterinary orthopedics, like in human medicine, include 3D printing, sophisticated imaging tools (such as CT and MRI scans), and minimally invasive surgical treatments. These technologies increase surgical precision, shorten recovery periods, and improve overall results for pets.
- Increasing Pet Ownership Pet ownership is becoming more popular around the world, with pets being regarded as family members. This trend increases demand for specialized veterinary care, such as orthopedic operations, to improve pets’ quality of life and lifespan.
- Regenerative Medicine The use of regenerative therapies in veterinary orthopedics is growing, including stem cell therapy, platelet-rich plasma (PRP) therapy, and growth factors. These treatments are intended to enhance healing and restoration of musculoskeletal injuries and degenerative disorders in animals.
- Customization and Personalization Veterinary orthopedic solutions are increasingly tailored to specific animals. This includes individualized implants and prosthetics tailored to dogs’ specific anatomical demands and circumstances, which improve surgery outcomes and patient recovery.
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Global Veterinary Orthopedics Market Regional Analysis
Here is a more detailed regional analysis of the global Veterinary Orthopedics Market
North America
- North America dominates the veterinary orthopedics industry due to a number of compelling considerations. To begin with, the region has a well-developed veterinary infrastructure, which includes a large network of advanced veterinary hospitals and clinics. These clinics are outfitted with cutting-edge technology and specialized equipment required to undertake difficult orthopedic surgeries on companion animals.
- North America has a significantly high proportion of pet ownership, with pets being viewed as important family members. This cultural shift has prompted pet owners to seek complete healthcare options, including modern orthopedic treatments, to improve the quality of life and longevity of their cherished pets. As a result, pet owners are increasingly willing to pay in specialized veterinary treatment, which is helping to boost the regional orthopedics industry.
- Lastly, North America excels at providing specialist veterinary treatment, notably orthopedics. Veterinary specialists in this region frequently receive extensive training and specialize in orthopedic surgery and rehabilitation, fostering an environment of competence and creativity. This competence leads to increased adoption of modern orthopedic procedures, cementing North America’s market dominance.
- Furthermore, the widespread availability of pet insurance in North America contributes significantly to the need for veterinary orthopedic surgeries. Pet insurance coverage serve to reduce the financial strain associated with expensive surgery, making sophisticated treatments more accessible and affordable to pet owners. This favorable environment promotes increased adoption of orthopedic procedures, cementing North America’s dominance in the worldwide Veterinary Orthopedics Market.
Asia Pacific
- The Asia Pacific region to the forefront of the Veterinary Orthopedics Market’s growth. To begin, the region’s population’s disposable income is increasing significantly, particularly in China and India. The increase in disposable money has allowed pet owners to devote more resources to their pets’ health and well-being, including modern orthopedic treatments.
- Pet ownership is increasing significantly throughout Asia Pacific, particularly in cities. Pets are increasingly viewed as companions and family members, leading owners to seek higher levels of veterinarian care. This cultural shift toward pet-centric healthcare is a key factor driving the growing need for orthopedic operations, as pet owners emphasize their animals’ mobility and quality of life.
- The veterinary healthcare infrastructure in Asia Pacific is rapidly developing and expanding. New veterinary clinics and hospitals are being built with cutting-edge equipment and facilities designed for orthopedic surgery and treatments. This expansion improves access to specialized veterinary services, creating a favorable climate for the regional orthopedics market to thrive.
- Furthermore, pet owners in Asia Pacific are becoming more aware of the necessity of holistic pet healthcare, which includes both preventive measures and modern treatment options. This increased awareness is driving demand for orthopedic therapies designed to address musculoskeletal disorders in companion animals.
Global Veterinary Orthopedics MarketSegmentation Analysis
The Global Veterinary Orthopedics Market is Segmented on the basis of Materials, Application, End User, And Geography.
Veterinary Orthopedics Market, By Materials
- Instruments
- Implants
- Plates
- Screws
Based on Materials, the market is segmented into Instruments, Implants, Plates, and Screws. Implants currently account for the majority of the Veterinary Orthopedics Market. This is because implants, such as plates and screws, are critical components of many orthopedic operations, providing stability and support to recovering bones. Instruments, which include specialist surgical tools, are the fastest growing category. Advancements in surgical techniques, as well as the development of minimally invasive treatments, are increasing the demand for more sophisticated equipment that improve surgical precision and efficiency.
Veterinary Orthopedics Market, By Application
- Total Knee Replacement
- Total Hip Replacement
- Total Elbow Replacement
- Trauma Fixation
Based on Application, the market is segmented into Total Knee Replacement, Total Hip Replacement, Total Elbow Replacement, and Trauma Fixation. Total Knee Replacement (TKR) currently dominates the Veterinary Orthopedics Market due to its popularity in treating cruciate ligament injuries in dogs, whereas Trauma Fixation is the fastest growing area. This is because trauma, such as fractures and dislocations, affects a broader range of animals and situations than joint replacements, which are generally used to treat specific disorders. Furthermore, advances in minimally invasive surgical procedures for trauma fixation are driving up adoption rates.
Veterinary Orthopedics Market, By End User
- Hospitals
- Clinics
Based on End User, the market is segmented into Hospitals and Clinics. Veterinary hospitals and clinics control the Veterinary Orthopedics Market. This is owing to the availability of specialized technology and qualified personnel required for sophisticated orthopedic procedures. Furthermore, the expanding number of private veterinary clinics and greater investment in these facilities enable them to provide a broader range of orthopedic therapies. While some clinics provide simple operations, hospitals often have the ability to do more complex interventions.
Key Players
The “Global Veterinary Orthopedics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Orthomed (UK) Ltd, DePuy Synthes, BioMedtrix LLC, Braun Melsungen AG, EVEROST INC., Fusion Implants, Integra LifeSciences, KYON Pharma, Veterinary Orthopedic Implants, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Veterinary Orthopedics Market Recent Developments
- In June 2023, Vimina acquired New Generation Devices to expand its veterinary orthopedic implant offerings.
- In December 2022, Vimian’s Movora announced the successful completion of one of the first orthopedic surgeries with 3D-printed implants in dogs and horses.
- In October 2021, Vimian launched full-service orthopedic implant offerings in Canada.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2020-2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Period | 2020-2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | Orthomed (UK) Ltd, DePuy Synthes, BioMedtrix LLC, Braun Melsungen AG, EVEROST INC., Fusion Implants, Integra LifeSciences, KYON Pharma, Veterinary Orthopedic Implants, Inc. |
Segments Covered | By Materials, By Application, By End User, And By Geography. |
Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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