Animal Ortho-Prosthetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

The animal ortho-prosthetics market is projected to register a CAGR of 7.1% during the forecast period.

The COVID-19 pandemic significantly impacted the studied market. The pandemic influenced the pet animals' eating habits, level of exercise, and weight, increasing obesity among the pet population. According to findings from a recent poll by Hill's Pet Nutrition and Kelton Global in June 2021, the number of overweight pets and pet obesity has been on the rise for years pre-pandemic, but COVID-19 exacerbated the issue. As per the survey results, more than 71% of pet professionals, including veterinarians, claimed that the pandemic changed how pets eat. Such instances show that COVID-19 has aggravated the obesity problem by causing behavioral changes among pet animals. As obesity most often contributes to soft tissue damage and osteoarthritis, this trend increased pet obesity management options to curb pet obesity in the upcoming years. Hence, an upsurge in demand for ortho-prosthetics for animals was seen during the pandemic period. Thus, the pandemic considerably impacted the studied market growth and is anticipated to continue its strong hold over the forecast period.

Factors such as technological advancements, the growing number of companion animals, and the increasing prevalence of obesity in pets are expected to propel market growth.

As per the 2022 report published by the PDSA organization, when a survey was conducted among pet owners in the United Kingdom, 60% of pet owners confirmed that they grove some form of human foods to their pets, such as leftovers (26%), cheese (22%) and bread or toast (10%). Most human food is high in fats and sugar, which can contribute to obesity and can potentially lead to an unbalanced diet for pet animals. Similarly, according to an article published in the Veterinary Sciences Journal in May 2022, the prevalence of obesity among cats and dogs was 59.5% and 55.8%, respectively, in the United States. Thus, the increasing obesity in pets is expected to drive market growth.

Furthermore, as per an article published in JACI in July 2022, the prevalence of early-life cat and dog ownership ranged from 12% to 45% and 7% to 47%, respectively. Thus, the increasing rate of ownership of pet animals is expected to accelerate market growth. According to Waldorf Emergency Care data updated in 2022, pets can break their bones for any number of reasons, such as falls, auto accidents, or even fights with other animals. Fractures, both open and closed, are anticipated to fuel the demand for orthotics and prosthetics products for fracture management for animals. Thereby driving the market growth.

Moreover, a significant rise in the adoption of pet animals, including dogs, cats, and even horses, as companions of human beings, has been observed over recent years. The developed economies represent a substantially large share of companion animal ownership, owing to the promising economic condition. For example, the PFMA 2022 update reported that in the year 2021, 17 million (59% of) households in the United Kingdom owned a pet. This high volume of pet owners is more concerned and aware of the safety of their pets. This ultimately creates demand for the availability of animal ortho-prosthetic products available in the market. This is expected to contribute to the overall market growth.

Therefore, the rising adoption and increasing population of animals coupled with obesity among pet animals are expected to contribute to market growth. However, lack of awareness and the high cost of the products is hindering the growth of the market studied.

Animal Ortho-Prosthetics Market Trends

Prosthetics Segment is Expected to Witness Significant Growth Over the Forecast Period

Prosthetics offers certain advantages over other products, and it is an appropriate alternative for surgical procedures and post-surgical assistance for recovery. Animal prostheses are medical devices that replace missing or amputated limb segments in animals. Thus, the prosthetics segment of the market is predicted to witness significant growth during the forecast period.

In recent years, 3D printing has been gaining demand as it offers greater flexibility and lower production costs compared to traditional techniques. And the advancements in products and the advent of cost-effective 3D printed prosthetics are expected to boost the segment growth further. For instance, in February 2022, a fifth-year veterinary medicine student at the Wrocław University of Environmental and Life Sciences in Poland created custom prostheses for disabled animals using the Zortrax Inventure 3D printer. Thus, such advancements in product development are accelerating the studied market growth.

Furthermore, as per an article published in the Veterinary World Journal in October 2021, recent prosthetic advances provide better opportunities to restore the normal functions of amputated limbs. Currently, there is an increasing demand for canine limb prosthesis designs and their clinical applications. Additionally, as per the mentioned source, developments in prosthesis design technologies hold the promise of creating devices that closely mimic natural canine limb function. Thus, such instances show that the advancements in technology provide better opportunities for restoring the normal function of an amputated limb. Hence, it is expected to boost segment growth. Hence, owing to the increasing adoption of 3D printing and the advantages of prosthetics, the segment is anticipated to witness growth over the forecast period.

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 shows that North America holds a major market share in the global market. The major factors contributing to this region's growth are the presence of major market players and rising animal health expenditure.

There is a rise in insured pets and increasing per capita animal healthcare expenditure in North America, which are fueling the studied market growth. For Instance, as per the 2022 update by the North American Pet Health Insurance Association (NAPHIA), 4.41 million pets were insured in North America at the end of 2021. Additionally, as per NAPHIA, the average monthly cost of pet insurance is USD 50 for dogs and USD 28 for cats for plans that cover both accidents and illnesses.

In addition, as per American Pet Products Association (APPA) 2022 update, USD 123.6 billion was spent on pets in the United States in 2021, which increased from around USD 99 billion in 2020. This expenditure by pet owners creates new opportunities for the innovation and availability of orthotics and prosthetics products for pet animals. This is further anticipated to fuel the studied market growth in the region.

Moreover, recently, companion animal or pet ownership has been increasing in other countries in the region, such as Canada and Mexico. The data published by 'Pet Keen' in May 2022 shows that an estimated 38% of Canadian households own a cat, while 35% own a dog. Also, the source mentioned above estimated that pet owners in Canada are spending more money on their pets than before. As per the source mentioned above, 17% of pet owners in Canada are willing to spend more than USD 500 every year for their pet healthcare. In addition, several research shows that the demand for orthotics and prosthetics is increasing, especially for the canine population. Hence, the adoption of braces and prosthetics among pet parents is increasing. This is further expected to contribute to the overall market growth in the region. Therefore, rising expenditure on pet health and an increasing number of insured pets coupled with rising adoption of pets are some major factors that are attributed to the growth of the studied market in North America over the forecast period.

Animal Ortho-Prosthetics Market Competitor Analysis

The animal ortho-prosthetics market is moderately competitive, with a few global players and many smaller players. Various companies like Animal Ortho Care, K-9 Orthotics & Prosthetics Inc, B. Braun Vet Care GmbH (B. Braun), 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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