Veterinary Orthopedic Implants Market Size, Share, By Product Type (Plates, Screws, Jigs, and Pins & Wires), By End User (Veterinary Hospitals and Veterinary Clinics), and By Region - Trends, Analysis, and Forecast till 2029

Veterinary Orthopedic Implants Market is estimated to be USD 421.3 Million by 2029 with a CAGR of 5.3% during the forecasted period.

Orthopedic implants are used to treat various orthopedic conditions like healing broken bones and joints. With a growing number of people owning companion animals the demand for the veterinary market is growing rapidly. People are willing to spend more on the health of their pets which is strengthening the demand for products used for the health and well-being of the animals.

Pet animals like dogs and cats usually suffer from fractures due to vehicular trauma, fights and sports injuries. Even though injuries in animals heal quickly, in case of broken bones orthopedic surgeries are required for healing the bones. Depending on the type of fracture vets decide on the treatment type and implants. With growing approvals for the orthopedic implants for animals, the veterinary orthopedic implants market is expected to witness attractive opportunities over the forecast period. 

Growing number of companion animals

With growing number of companion animals the demand for veterinary orthopedic implants is expected to grow rapidly. According to the American Pet Product Association (APPA) nearly 63% of the U.S. households had companion animals in 2012. The population of companion animals like cats and dogs has witness a rapid increase in the past decade moreover the willingness of the owners to spend on the health of their pets is expected to drive revenue growth of the veterinary orthopedic implants market over the forecast period.

Increase in the incidence of obesity and arthritis

The increase in the incidence of obesity and arthritis increases the demand for veterinary orthopedic implants market. Obesity is a condition where the weight of the pet affects the pet`s health to a point where it results in weakening of bones, whereas arthritis in pets results in loss of strength in bones. Obesity and arthritis may also result in fractures and other bone-joint related issues and both the conditions result in adversely affecting the overall health of the pet, consequently leading to shorten lifespan. Thus, the increase incidents of obesity and arthritis increase the demand for veterinary orthopedic implants. For instance, As per Banfield Pet hospital in U.S, in 2017, 31 per 100 cases suffered from obesity and 450 per 10,000 suffered from arthritis in dogs’ .Further, 34 per 100 cases suffered from obesity and 90 per 10,000 suffered from arthritis in cats. Thus, the increase in health conditions affecting the bones of pets such as obesity and arthritis positively affect the growth of the veterinary orthopedic market. However, the high cost of orthopedic surgery inhibits the growth of veterinary orthopedic implants market.

Veterinary orthopedic implants market is segmented based on product type, end user, and region.

On the basis of product type, the global veterinary orthopedic implants market is segmented into plates, screws, jigs, and pins & wires. Based on end user, the market is segmented into veterinary hospitals and veterinary clinics.

Regional Insights:

On region the veterinary orthopedic implants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to be the leading market in the global veterinary orthopedic implants market. Rising number of households owing companion animals in the U.S. and growing healthcare expenditure on the companion animals is expected to propel growth of the veterinary orthopedic implants in this region. Additionally, Europe is estimated to be the second most lucrative market for the veterinary orthopedic implants manufacturers. Presence of several veterinary facilities and availability of new products is expected to drive market growth of veterinary orthopedic implants in Europe.

Veterinary Orthopedic Implants Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global veterinary orthopedic implants market report based on product type, end user, and region.

Veterinary Orthopedic Implants Market, By Product Type:

• Plates
• Screws
• Jigs
• Pins & Wires

Veterinary Orthopedic Implants Market, By End User:

• Veterinary Hospitals
• Veterinary Clinics

 Veterinary Orthopedic Implants Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the veterinary orthopedic implants market includes DePuy Synthes Vet, Scil animal care, B.Braun Vet Care, Veterinary Orthopedic Implants, KYON, IMEX Veterinary, Orthomed UK, Sophiatech, Ortho, and BioMedtrix. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, in 2019, Infiniti Medical, a USA based designer and distributor of medical devices for the veterinary market, acquired Orthomed Ltd. for an amount undisclosed. Through the acquisition, Infiniti Medical aims to expand its product portfolio by adding products and services from Orthomed. Orthomed Ltd is a UK based provider of orthopedic products and systems in veterinary industry.

• DePuy Synthes Vet
• Scil animal care
• B.Braun Vet Care
• Veterinary Orthopedic Implants
• KYON
• IMEX Veterinary
• Orthomed UK
• Sophiatech
• Ortho
• BioMedtrix