Veterinary Orthopedic Implants Global Market Report 2024

The veterinary orthopedic implants market research report is one of a series of new reports provides veterinary orthopedic implants market statistics, including veterinary orthopedic implants industry global market size, regional shares, competitors with a veterinary orthopedic implants market share, detailed veterinary orthopedic implants market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary orthopedic implants industry. The veterinary orthopedic implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The veterinary orthopedic implants market size has grown strongly in recent years. It will grow from $0.24 billion in 2023 to $0.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historic period can be attributed to several factors, including the increase in pet ownership rates, a heightened awareness regarding the advantages of veterinary orthopedic surgery, the trend of humanizing companion animals which leads to higher standards of care, the aging pet population requiring specialized medical attention, and the growth of veterinary referral centers offering specialized services in orthopedic care for animals.

The veterinary orthopedic implants market size is expected to see strongly grown in the next few years. It will grow to $0.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period is expected to be driven by several factors, including the aging pet population requiring increased medical attention, a rise in pet insurance coverage, concerns related to pet obesity and joint health, a growing awareness of the advantages of preventive veterinary care, advancements in custom implants, and the adoption of minimally invasive surgical techniques in veterinary orthopedics.

The surge in obesity and arthritis among pets is boosting the demand for veterinary orthopedic implants. These conditions, impacting bone health and strength, often result in fractures and joint-related issues, thereby shortening pets' lifespans. Banfield Pet Hospital's extensive study on 2.5 million dogs and 500,000 cats in the USA revealed a 66% increase in osteoarthritis cases among dogs and a staggering 150% rise in cats. Moreover, the report noted that 52% of dogs and 41% of cats with osteoarthritis were overweight or obese. This escalation in bone-related health issues such as obesity and arthritis is fueling growth in the veterinary orthopedic market. The burgeoning pet ownership trend is a significant driver of the veterinary orthopedic implants market. This trend denotes the act of caring for domesticated animals, encompassing their essential needs and healthcare. Orthopedic implants play a crucial role in enhancing pets' quality of life and mobility, especially in aging animals or those recovering from injuries. In 2021, Chewy, Inc. Reported a record adoption rate in the US, with nearly 977,202 pets finding homes, signifying a substantial surge in pet ownership. This uptick in pet guardianship is a key factor propelling the veterinary orthopedic implants market.

Companies in the veterinary orthopedic implants sector are heavily investing in 3D printing technology to innovate their products. This technology enables the creation of bone models, surgical guides, and titanium implants, streamlining surgical procedures by reducing time and costs. Langford Veterinary Services, in collaboration with CBM, has successfully treated dogs with bone deformities by utilizing 3D printing for titanium implants. CBM, a UK-based entity specializing in research and manufacturing, employs advanced 3D printing techniques, creating models using the Arcam EBM Q10plus machine from MRI or CT scans sent by Langford Veterinary Services. This adoption of 3D printing represents a significant trend in the veterinary orthopedic implants market, fostering its growth.

Major players in the veterinary orthopedic implants arena are optimizing operations by expanding their distribution centers to bolster revenues. This expansion involves increasing logistics facilities to store finished goods, ensuring efficient order fulfillment. For instance, in January 2022, Movora, a prominent provider of veterinary orthopedic implants, established a new US distribution center, aiming to streamline operations and enhance customer experience. The move promises simpler purchasing processes, comprehensive educational options, and an extensive range of orthopedic products, from accessories to advanced joint replacement systems, contributing to their market dominance.

In August 2022, Vimian Group, a Sweden-based animal health company, acquired New Generation Devices’ assets. The acquisition, Vimian will get access to a new customer base, which they can tap to increase their revenues. New Generation Devices is a veterinary orthopedic implant manufacturer based in the United States that was founded in 2002.

Major companies operating in the veterinary orthopedic implants market include KYON Pharma Inc., Veterinary Orthopedic Implants Inc., BioMedtrix LLC, IMEX Veterinary Inc., Orthomed Ltd., Securos Surgical, B.Braun Vet Care, BlueSAO, MWI Veterinary Supply Co., New Generation Devices, Scil Animal Care Company, SophiaTech, Johnson & Johnson, Fusion Implants, GPC Medical Ltd., Narang Medical Limited, D4 Surgicals (India) Pvt. Ltd., Uteshiya Medicare Private Limited., Bonetech Medisys Pvt. Ltd., Integra LifeSciences Corporation, GerMedUSA Inc., Everost Inc., Arthrex Vet Systems, Ortho Max Mfg. Co. Pvt. Ltd., Auxein Medical, Vimian Group, Innoplant Medizintechnik GmbH North America was the largest region in the veterinary orthopedic implants market in 2023. Western Europe was the second-largest region in the global veterinary orthopedic implants market share. The regions covered in the veterinary orthopedic implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Orthopedic implants for veterinary use encompass an array of products including screws, plates, pins, and wires, all integral to surgical interventions performed on animals to address orthopedic issues.

Key product types within the veterinary orthopedic implants market include advanced locking plate systems, tibial plateau levelling osteotomy implants, tibial tuberosity advancement implants, total elbow replacement, total hip replacement, total knee replacement, and trauma fixations. For instance, tibial plateau levelling osteotomy implants are specifically used to address cranial cruciate ligament ruptures in dogs. These implants cater to various animals such as dogs and cats and are utilized by end-users such as veterinary hospitals, clinics, and surgical centers to provide advanced orthopedic care for animals.

The countries covered in the veterinary orthopedic implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The veterinary orthopedic implant market consists of sales screws, plates, pins, and wires. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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