Animal Ortho-Prosthetics Market - Growth, Trends, and Forecasts (2020 - 2025)

The Animal Ortho-Prosthetics Market is segmented By Product Type (Braces, Prosthetics, and Other Product Types), By End-User and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.1 %

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Market Overview

The Animal Ortho-Prosthetics Market is expected to register a CAGR of 7.1% during the forecast period. Factors such as the high prevalence of obesity among the pet population are expected to propel the market growth, owing to the direct association of obesity and overweight with osteoarthritis and mobility issues in dogs. Excess fat and body weight increases the load on joints resulting in the progression of arthritis and further difficulty in movement. Hence, the prevalence of joint inflammatory diseases is expected to grow with the rise in the prevalence of obesity, which has currently been identified as the most common nutritional health problem in dogs.

According to the results of 2018 Pet Obesity Survey done by the Association for Pet Obesity Prevention (APOP), 55.8% of dogs have been identified as overweight (body condition score (BCS) 6-7) or obese (BCS 8-9). The prevalence of obese dogs is expected to increase in the United States, driving the growth of the ortho-prosthetics market.

As per Instituto Pet Brazil, in Brazil dog owners had spent an average of nearly 338 Brazilian reals per month in 2018, while cat owners spent an average of 196 Brazilian reals.

A rise in the statistics of issues associated with limbs, such as osteoarthritis, pododermatitis, and lameness, is expected to drive the demand for ortho-prosthetics over the world. However, the costs associated with devices are a major hurdle for the growth of the market. High costs are discouraging their adoption, as all the pet owners are unable to spend such an amount on their pet’s ortho-prosthetic needs. Hence, the high cost of ortho-prosthetic devices is expected to restrain the growth of the overall market.

Scope of the Report

As per the scope of the report, the Animal ortho-prosthetics market is associated with orthopedic devices designed in order to assist the injured animals, in order to provide position, immobilize, align, support, prevent deformity, improve functioning, and are coupled with prosthetic devices for compensating for the missing leg segment. The animal ortho-prosthetics market is segmented by product type, end-user and geography.

By Product Type
Braces
Carpel Brace
Contracting Bracing
Deformity Brace
Hip Brace
Stifle Brace
Prosthetics
Other Product Types (Screws, Jigs, Pins, Plates, and Wires)
End User
Veterinary Hospitals and Clinics
Rehabilitation Centers
Veterinary Prosthetic Clinics
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Prosthetics Segment is Expected to Grow Over the Forecast Period in the Animal Ortho-Prosthetics Market

The Prosthetics segment of the market will witness significant growth in the forecast years as it offers certain advantages over other products and is considered to be an appropriate alternative for surgical procedures and post-surgical assistance for recovery. According to Agriculture and Agri-Food Canada, the population of pet dogs in India was around 19.41 million in 2018. This number is projected to reach over 31 million by the end of 2023. As the number of pet dogs is expected to increase in the near future which shows a positive impact on the market. Furthermore, increasing adoption of these products will boost the market in the forecast years. Thus, owing to the above factors the segment is expected to show growth in the coming years.

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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

The geographical analysis of the animal ortho-prosthetics market states the dominance of North America in the global market, followed by Europe. The major factors attributing toward the dominance and growth of these regions are higher availability of therapeutic options for animals, greater awareness regarding ortho-prosthetics, presence of major market players, and rising animal health expenditure. According to the American Pet Products Association (APPA), in 2017, about 68% of American households owned one or more pets, in comparison to a 56% pet-ownership rate in 1988.

On the other hand, Asia-Pacific is expected to exhibit the fastest growth rate over the forecast period, owing to the rising pet population, increasing awareness, and rising number of veterinary practitioners in the emerging regions. However, costs associated with these devices would remain an area of concern in these countries, owing to the presence of a large number of low-income groups.

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Competitive Landscape

The Animal Ortho-Prosthetics market is consolidated competitive and many of the global players are into the market. For instance, Animal Ortho Care, K-9 Orthotics & Prosthetics Inc, B. Braun Vet Care GmbH, DePuy Synthes (Johnson & Johnson), GPC Medical Ltd, MWI Veterinary Supply Co., and Rita Leibinger GmbH & Co. KG, etc. are providing these products across the globe.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Technological Advancements

      2. 4.2.2 Rise in Number of Companion Animals

      3. 4.2.3 Rising Prevalence of Obesity in Pets

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness and Absence of Veterinary Ortho-Prosthetics Care in Emerging Countries

      2. 4.3.2 High Cost of Ortho-Prosthetics

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Braces

        1. 5.1.1.1 Carpel Brace

        2. 5.1.1.2 Contracting Bracing

        3. 5.1.1.3 Deformity Brace

        4. 5.1.1.4 Hip Brace

        5. 5.1.1.5 Stifle Brace

      2. 5.1.2 Prosthetics

      3. 5.1.3 Other Product Types (Screws, Jigs, Pins, Plates, and Wires)

    2. 5.2 End User

      1. 5.2.1 Veterinary Hospitals and Clinics

      2. 5.2.2 Rehabilitation Centers

      3. 5.2.3 Veterinary Prosthetic Clinics

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Animal Ortho Care

      2. 6.1.2 K-9 Orthotics & Prosthetics Inc

      3. 6.1.3 B. Braun Vet Care GmbH

      4. 6.1.4 DePuy Synthes (Johnson & Johnson)

      5. 6.1.5 GPC Medical Ltd

      6. 6.1.6 MWI Veterinary Supply Co.

      7. 6.1.7 Rita Leibinger GmbH & Co. KG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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