Veterinary Orthopedics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Veterinary Orthopedics Market Analysis
The Veterinary Orthopedics market is expected to register a CAGR of 7.5% during the forecast period. This is attributing to the rising number of pet owners & veterinary practitioners, a growing number of government initiatives, increasing incidence of obesity. In addition, increasing the number of animal hospitals and rising demand for effective animal care will also contribute to the revenue growth of the market. As per the American Veterinary Medical Association, in 2017 pet owners in the United States spends around 15 billion on veterinary surgeries and it also said that number of veterinarians has increased from the past years. Moreover, sports activities conducted for pets in the United States will also have a high chance of injuries thus results in promoting the growth of the market. Furthermore, with the growing adoption of pets, technological advancements in veterinary orthopedic devices and increasing government initiatives associated with animals will also fuel the veterinary orthopedics market.
Veterinary Orthopedics Market Trends
This section covers the major market trends shaping the Veterinary Orthopedics Market according to our research experts:
Implants segment in Veterinary Orthopedics market is Estimated to Witness a Healthy Growth in Future.
Implants are estimated to witness healthy growth in the future attributed to an increasing number of cases with musculoskeletal injuries or orthopedic in animals. Some of the disorders such as cruciate ligament tears and hip and elbow dysplasia are common and results in need of surgeries which will further promote the growth of implants. Moreover increasing incidences of obesity in animals will also result in high chances of osteoarthritis which further promotes the growth of veterinary orthopedics surgeries. The growing demand of surgeries is the major factor for the segment growth. Furthermore, , an increasing number of companion animals and the rising numbers of animal racing competition is also a key driving factor for veterinary orthopedics implant growth.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Veterinary Orthopedics market due to increasing pet care expenditure, rising incidences of obesity, technological advancements, presence of major animal players and rising government initiatives. As per the Association for Pet Obesity Prevention (APOP), a report is published, 2017 wherein 56% of dogs and 59 % of cats are found to be obese in the United States. These disorders have a high risk of joint diseases, cancer and chronic diseases which will be leading to propel the growth of the veterinary orthopedics market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
Veterinary Orthopedics Industry Overview
The Veterinary Orthopedics market is fragmented competitive and consists of several major players. Some of the companies which are currently dominating the market are BioMedtrix, LLC , Veterinary Orthopedic Implants, KYON PHARMA, INC., B. Braun Melsungen AG, EVEROST INC, Integra lifesciences, GerMedUSA, and Johnson & Johnson
Veterinary Orthopedics Market Leaders
BioMedtrix, LLC
Veterinary Orthopedic Implants
KYON PHARMA, INC.
B. Braun Melsungen AG
Integra lifesciences
*Disclaimer: Major Players sorted in no particular order
Veterinary Orthopedics Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Number of Pet Owners & Veterinary Practitioners
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4.2.2 Growing Number of Government Initiatives
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4.2.3 Increasing Incidence of Obesity
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4.3 Market Restraints
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4.3.1 High Surgery and Pet Care Cost
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Implants
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5.1.2 Instruments
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5.1.3 Screws
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5.1.4 Others
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5.2 By Application
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5.2.1 Total hip replacement
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5.2.2 Total knee replacement
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5.2.3 Total elbow replacement
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5.2.4 Trauma fixation
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5.2.5 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle-East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 BioMedtrix, LLC
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6.1.2 Veterinary Orthopedic Implants
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6.1.3 KYON PHARMA, INC.
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6.1.4 B. Braun Melsungen AG
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6.1.5 EVEROST INC
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6.1.6 Integra lifesciences
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6.1.7 GerMedUSA
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6.1.8 Johnson & Johnson
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Veterinary Orthopedics Industry Segmentation
As per the scope, Veterinary Orthopedics deals with the diseases and injuries related to bones, joints, ligaments, tendons and others. The veterinary Orthopedics market is Segmented By Type, End-User and Geography.
| By Type | |
| Implants | |
| Instruments | |
| Screws | |
| Others |
| By Application | |
| Total hip replacement | |
| Total knee replacement | |
| Total elbow replacement | |
| Trauma fixation | |
| Others |
| Geography | ||||||||
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Veterinary Orthopedics Market Research FAQs
What is the current Veterinary Orthopedics Market size?
The Veterinary Orthopedics Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Veterinary Orthopedics Market?
BioMedtrix, LLC, Veterinary Orthopedic Implants, KYON PHARMA, INC., B. Braun Melsungen AG and Integra lifesciences are the major companies operating in the Veterinary Orthopedics Market.
Which is the fastest growing region in Veterinary Orthopedics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Veterinary Orthopedics Market?
In 2024, the North America accounts for the largest market share in Veterinary Orthopedics Market.
What years does this Veterinary Orthopedics Market cover?
The report covers the Veterinary Orthopedics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Orthopedics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Veterinary Orthopedics Industry Report
Statistics for the 2024 Veterinary Orthopedics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Orthopedics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
