The global veterinary orthopedics market size is expected to reach USD 832.15 million by 2030. The market is expected to expand at a CAGR of 7.5% from 2022 to 2030. The key factors driving the market include the growing animal population, the prevalence of pet obesity and arthritis, and the number of orthopedic surgeries on pets. Moreover, increasing technological advancements in veterinary devices and implants are expected to contribute to market growth. According to the American Pet Products Association (APPA), about 84.9 million American homes (67% of U.S. households) owned a pet in 2019. This number grew significantly to nearly 70% or about 90.5 million households owning a pet in 2021.
The COVID-19 pandemic significantly impacted the market as the number of elective surgeries went down due to lockdown and quarantine measures. Access to veterinary care and services was also restricted, further dampening the demand for vet orthopedic products. In March 2020, the Harmony Veterinary Center in compliance with government guidelines suspended all its elective procedures, surgeries, and dentistry services during the COVID-19 outbreak. However, this does not change the underlying need for these procedures and the market is expected to grow significantly with the resumption of elective surgeries and as surgeries return to pre-COVID numbers.
According to Association for Pet Obesity Prevention (APOP), 56% of dogs and 60% of cats were overweight or obese in the U.S., in 2018. Obesity increases pressure on joints and bones. According to APPA, nearly 20.8 million dogs in the U.S. had undergone orthopedic surgeries in 2016. The most common orthopedic surgeries carried out on canines were femoral head osteotomy, bones fracture repair, cruciate ligament repair, and medial patellar luxation. The prevalence of osteoarthritis in animals is increasing because of obesity, which is boosting the demand for veterinary orthopedic devices and surgeries. According to Kingsbrook Animal Hospital, 20% of all dogs-regardless of age-in the U.S. had osteoarthritis in 2017.
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The COVID-19 pandemic significantly impacted the market as the number of elective surgeries went down due to lockdown and quarantine measures. Access to veterinary care and services was also restricted, further dampening the demand for vet orthopedic products. In March 2020, the Harmony Veterinary Center in compliance with government guidelines suspended all its elective procedures, surgeries, and dentistry services during the COVID-19 outbreak. However, this does not change the underlying need for these procedures and the market is expected to grow significantly with the resumption of elective surgeries and as surgeries return to pre-COVID numbers.
According to Association for Pet Obesity Prevention (APOP), 56% of dogs and 60% of cats were overweight or obese in the U.S., in 2018. Obesity increases pressure on joints and bones. According to APPA, nearly 20.8 million dogs in the U.S. had undergone orthopedic surgeries in 2016. The most common orthopedic surgeries carried out on canines were femoral head osteotomy, bones fracture repair, cruciate ligament repair, and medial patellar luxation. The prevalence of osteoarthritis in animals is increasing because of obesity, which is boosting the demand for veterinary orthopedic devices and surgeries. According to Kingsbrook Animal Hospital, 20% of all dogs-regardless of age-in the U.S. had osteoarthritis in 2017.
Veterinary Orthopedics Market Report Highlights
- The growing pet population and ailments, combined with the rising concerns over zoonoses and pet expenditure, are anticipated to fuel the market growth.
- The implants product segment accounted for the largest revenue share in 2021. This can be attributed to an increase in the number of cases of severe musculoskeletal injuries or orthopedic disorders, such as cruciate ligament tears or hip and elbow dysplasia. This increases the need for surgery and thus, the demand for implants.
- The TTA application segment is projected to grow at the fastest rate in the coming years. Various factors driving the demand for this surgical method include increased ability to bear weight postsurgery, less pain, faster recovery, and fewer associated complications.
- by end use, hospitals and clinics dominated the market in 2021 as a wide range of procedures and treatment options are available in these healthcare settings.
- In 2021, North America held a dominant share in the market. This can be attributed to the local presence of key market players undertaking extensive strategic initiatives.
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Table of Contents
Chapter 1. Research Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Veterinary Orthopedics Market Variables, Trends & Scope
Chapter 4. Veterinary Orthopedics Market: Competitive Analysis
Chapter 5. Veterinary Orthopedics Market: Product Estimates & Trend Analysis
Chapter 6. Veterinary Orthopedics Market: Application Estimates & Trend Analysis
Chapter 7. Veterinary Orthopedics Market: End-use Estimates & Trend Analysis
Chapter 8. Veterinary Orthopedics Market: Regional Estimates & Trend Analysis
Chapter 9. Company Profiles
Companies Mentioned
- B. Braun Melsungen AG
- Narang Medical Limited
- Arthrex (Arthrex Vet Systems)
- Johnson & Johnson (Depuy Synthes Vet)
- Amerisourcebergen (Securos Surgical)
- Movora
- Surgical Holdings Veterinary
- Gervetusa
- Steris
- Integra Lifesciences Corporation
Methodology
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