Veterinary Orthopaedic Implants Market Outlook
According to the report by Expert Market Research (EMR), the global veterinary orthopaedic implants market size reached a value of USD 116.49 million in 2023. Aided by the increasing pet ownership, advancements in veterinary care, and the rising incidence of orthopaedic conditions in animals, the market is projected to further grow at a CAGR of 7.10% between 2024 and 2032 to reach a value of USD 215.41 million by 2032.
Veterinary orthopaedic implants are medical devices used in the treatment of bone fractures, joint injuries, and other skeletal conditions in animals. These implants include plates, screws, pins, and other fixation devices designed to support bone healing and restore mobility. The market for veterinary orthopaedic implants is driven by the increasing demand for advanced veterinary care, technological innovations, and the growing awareness of animal health and wellness.
The rising trend of pet ownership globally has significantly boosted the demand for veterinary services, including orthopaedic care. Pet owners are increasingly willing to invest in advanced medical treatments to ensure the health and well-being of their animals, driving the demand for orthopaedic implants.
Continuous advancements in veterinary care, including improved diagnostic techniques and surgical procedures, have enhanced the success rates of orthopaedic surgeries. Innovations in implant materials and designs have also contributed to better patient outcomes, fuelling the veterinary orthopaedic implants market growth.
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The increasing prevalence of orthopaedic conditions such as fractures, arthritis, and joint disorders in animals is a significant driver of the market. Factors such as ageing pet populations, obesity, and genetic predispositions contribute to the growing need for orthopaedic interventions.
Technological advancements in implant design and manufacturing, such as the use of biocompatible materials, 3D printing, and custom implants, have revolutionised veterinary orthopaedics. These innovations provide better fit, reduced recovery times, and improved outcomes for animals undergoing orthopaedic surgeries.
Rising awareness among pet owners about the importance of timely medical intervention and preventive care is driving the demand for veterinary orthopaedic implants. Educational campaigns and initiatives by veterinary associations and animal health organisations are promoting the benefits of advanced orthopaedic treatments, consequently driving up the veterinary orthopaedic implants market share.
Companion animal including dogs and cats, represents the largest market for veterinary orthopaedic implants. The increasing pet ownership and the rising prevalence of orthopaedic conditions in these animals drive the demand for advanced surgical interventions.
The livestock and exotic animals also present growth opportunities for the veterinary orthopaedic implants market. The rising focus on animal welfare and the increasing incidence of orthopaedic conditions in these animals drive the demand for surgical treatments and implants.
The growing field of veterinary rehabilitation and sports medicine offers significant potential for orthopaedic implants. Animals involved in sports, working animals, and pets with chronic conditions benefit from advanced orthopaedic treatments and rehabilitation protocols.
As per the veterinary orthopaedic implants market analysis, North America, including the United States and Canada, is the largest market for veterinary orthopaedic implants due to the high pet ownership rates, advanced veterinary care infrastructure, and strong emphasis on animal welfare. The region’s well-established veterinary industry supports the growth of the market.
Europe, with its robust veterinary care system and increasing focus on animal health, represents a significant market for orthopaedic implants. Countries such as Germany, the United Kingdom, and France are key contributors to market growth.
The Asia-Pacific region, including countries such as China, Japan, and Australia, is an emerging market for veterinary orthopaedic implants. The growing pet ownership, increasing disposable incomes, and advancements in veterinary care drive the market in this region.
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Veterinary Orthopaedic Implants Market Segmentation
The market can be divided based on product type, application, end use, and region
Market Breakup by Product Type
- Plates
- Compression Plates
- L – Plates
- T – Plates
- Arthrodesis Plates
- Acetabulum Plates
- Bending Iron
- Others
- Screws
- Jigs
- Pins and Wires
- Others
Market Breakup by Application
- Knee Replacement
- Hip Replacement
- Elbow Replacement
- Trauma Fixation
- Others
Market Breakup by End Use
- Veterinary Hospitals
- Veterinary Clinics
- Others
Material Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global veterinary orthopaedic implants market. Some of the major players explored in the report by expert market research are as follows:
- B. Braun Vet Care GmbH
- Everost Inc
- BioMedtrix, LLC
- Veterinary Orthopaedic Implants, Inc.
- Kyon AG
- Others
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