VETERINARY ORTHOPEDICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Veterinary Orthopedics Market Size and Trends

Global veterinary orthopedics market is estimated to be valued at USD 625.1 Mn in 2024 and is expected to reach USD 1,109.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. Veterinary orthopedic procedures aim to help pets by correcting injuries or deformities and improving mobility.

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The global market for veterinary orthopedics is driven by increasing pet population, growing incidence of orthopedic diseases in companion animals, and advancements in veterinary orthopedic products. Furthermore, rising pet care expenditure and the growing availability of pet health insurance are expected to provide opportunities for the market growth over the forecast period.

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Insights by Application: Rising Incidence of Cruciate Ligament Injuries Drives Tibial Plateau Leveling Osteotomy (TPLO) Segment Growth

Tibial Plateau Leveling Osteotomy (TPLO) segment is expected to hold the largest market share of 32.1% in 2024, due to the increasing prevalence of cranial cruciate ligament (CCL) injuries in dogs. CCL tears, common in canines, often result from excessive weight-bearing, trauma, or genetic factors. The increasing prevalence of obesity among dogs has led to a higher incidence of cranial cruciate ligament (CCL) injuries. Tibial Plateau Leveling Osteotomy (TPLO) effectively stabilizes these injuries by realigning the tibia and femur, restoring natural joint movement. Its minimally invasive nature and high success rates have made it the preferred treatment, driving the demand for TPLO procedures and related orthopedic implants. 

Insights By Animal Type: Canine Segment Leads with Rising Advancements in Veterinary Orthopedics

Canine segment dominates the veterinary orthopedics market, with an estimated share of 42.1% in 2024, driven by increasing pet ownership and a growing emphasis on advanced veterinary care. Technological innovations, including the development of customized implants and minimally invasive surgical techniques, have enhanced treatment outcomes for canine patients. These advancements have made complex orthopedic procedures more accessible and effective, further solidifying the dominance of the canine segment.

Insights by Product Type: Rising Pet Care Expenditure Drives Demand for Implants

Implants segment is expected to hold the largest market share of 52.12% in 2024, fueled by increased pet ownership and higher spending on pet care. Pet owners are more willing to invest in their animals' health, including surgical interventions requiring implants. Innovations extending implant longevity and enabling minimally invasive procedures have enhanced their appeal. Additionally, cost-effective manufacturing and marketing strategies have made implants more affordable, broadening their accessibility. This combination of rising expenditure capacity and affordability sustains the market share and growth outlook for this product segment.

Regional Insights

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Dominating Region: North America

North America dominates the veterinary orthopedics market with an estimated share of 37.2% in 2024. This can be attributed to factors such as high pet adoption rates, rising incidence of orthopedic conditions in pets, and presence of major market players. The region boasts a well-developed veterinary healthcare infrastructure and high spending on animal health.

Fastest-Growing Region: Asia Pacific

Asia Pacific exhibits the fastest growth, driven by increasing pet ownership, growing affluence, and improvement in veterinary care availability in nations such as India, China, and South Korea. Rapid industrialization and urbanization have contributed to a surge in orthopedic injuries among livestock as well.

Veterinary Orthopedics Market Outlook for Key Countries

High Prevalence of Osteoarthritis and Obesity in Pets in the U.S.

The U.S. veterinary orthopedics market is driven by the high prevalence of osteoarthritis, obesity, injuries, and chronic diseases among pets. In September 2024, Zoetis reported that nearly 40% of dogs and cats in the U.S. suffer from osteoarthritis. Additionally, in January 2024, the Association for Pet Obesity Prevention noted a steady rise in pet obesity over recent decades, with 61% of cats and 59% of dogs classified as overweight or obese in 2022.

Rising Pet Population in the U.K.

The U.K. veterinary orthopedics market is projected to experience significant growth in the coming years, driven by a large and increasing pet population. According to the Plan-Do-Study-Act (PDSA)’s Animal Wellbeing (PAW) Report, in March 2024, 51% of U.K. adults own a pet, with 28% owning a dog (estimated at 10.6 million pet dogs), 24% owning a cat (estimated at 10.8 million pet cats), and 2% owning a rabbit (estimated at 800,000 pet rabbits).

Innovative Veterinary Care Solutions in Japan

Japan's veterinary orthopedics market benefits from a strong emphasis on personalized care for aging pets. This expansion is largely attributed to the increasing prevalence of orthopedic conditions among pets, leading to a higher demand for specialized treatments and surgical interventions. According to national institute of health In April 2023 report highlighted a 20% increase in orthopedic procedures for older pets, driven by the country's aging population and their attachment to pets as family members.

Increasing Availability of High-quality Care in Italy

According to the Italian Association of Veterinary Doctors (ANMVI), in October 2024, Italy's veterinary industry is expanding due to the increasing availability of high-quality care. Italian pet owners have high expectations regarding the quality of care provided by veterinary practices, leading to a focus on advanced diagnostics and treatment methods. This emphasis on superior services is propelling the veterinary orthopedics market. Additionally, factors such as the rise in pet ownership, increased investment in pet care and insurance, and the expansion of product portfolios by market players are expected to further drive market growth in the country.

Market Concentration and Competitive Landscape

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Top Strategies Followed by Global Veterinary Orthopedics Market Players

• Established players in the veterinary orthopedics market, such as DePuy Synthes and BioMedtrix, prioritize research and development to create high-performance products. DePuy Synthes allocates over 6% of its annual revenue to innovations in joint reconstruction and trauma repair.
• Mid-level companies focus on providing quality, cost-effective products to cater to price-sensitive pet owners and veterinarians, especially in developing regions. For example, Kyon develops 3D-printed implants coated with osteoinductive biomaterials at competitive prices, expanding its market reach in Asia and Latin America.
• Smaller scale companies specialize in niche areas overlooked by larger players. Spineovus has found success by developing specialized implants for small animal spine injuries, an underserved area. Meanwhile, Regenetech focuses on regenerative veterinary products using stem cell therapy for tendon and ligament injuries, catering to owners seeking advanced therapeutic options.

Emerging Startups in the Global Veterinary Orthopedics Market

Innovative Technologies: Startups are bringing novel technologies like Tesela Biomimetic’s 3D bioactive bone scaffold implants made via additive manufacturing. IcotheBionic veterinary exoskeleton uses robotic training to rehabilitate injured limbs. Adoption of these technologies has the potential to revolutionize treatments through custom-fit implants and accelerated rehabilitation protocols.

Sustainable Solutions: Some startups are dedicated to more environmentally-friendly options. BioCeraImplants produces veterinary implants made from corn-derived polyhydroxyalkanoate, providing a greener alternative to metal or plastic implants. Regenboog uses waste coffee grounds to create casts and splints. Their contributions not only help unmet niche needs but also advance more sustainable practices industry-wide.

Veterinary Orthopedics Industry News

• In October 2024, veterinarians at Johnson Family Equine Hospital utilized a 3D-printed model to assist in a complex arthrodesis deformity surgery on a horse, showcasing their expertise in advanced equine procedures
• In October 2024, VCA Animal Hospitals in the US and Canada launched a dedicated laboratory for 3D printing technology focused on pet orthopedic surgeries, further enhancing their service offerings for pet care
• In September 2024, researchers at Colorado State University unveiled new research programs aimed at advancing orthopedic treatments for horses, reinforcing their commitment to veterinary innovation
• In August 2024, veterinarians at the College of Veterinary Medicine, Michigan State University successfully completed TPLO and I-Loc Interlocking Nail implant procedures on goats, demonstrating their proficiency in innovative animal surgeries
• In June 2024, Viticus Group and Movora (Vimian) partnered to offer hands-on veterinary orthopedic training at the Movora Education Center in Massachusetts, U.S focusing on advanced fracture repair techniques for veterinary professionals on the East Coast

Key Takeaways from Analyst

• The global veterinary orthopedics market is poised to grow rapidly over the next decade driven by rising pet adoption and increasing expenditure on pet healthcare globally. Growing awareness about specialized veterinary services and conditions such as arthritis, lameness is further complementing the market growth. In addition, the development of innovative implant technologies, augmented reality-based surgeries, and 3D printed implants are aiding veterinarians to offer advanced treatment options which earlier required referral to limited multispecialty clinics.
• However, the market still faces challenges from limited insurance coverage for veterinary expenses as well as the high cost of specialized orthopedic surgeries. This restrains the market particularly in price-sensitive regions. Another constraint is the shortage of trained veterinary orthopedic specialists and infrastructure that can hamper the market's growth potential.
• North America currently dominates the veterinary orthopedics market owing to advancements in technology, pet healthcare infrastructure, and growing pet humanization in the region. Within North America, the U.S. accounts for the majority share. Meanwhile, Asia Pacific represents one of the most promising markets due to rising pet adoption, increasing per capita expenditure on pet care, and growing pet insurance penetration in countries such as Japan, China, and India. Latin America and the Middle East & Africa also exhibit high potential for orthopedic veterinary care supported by expanding veterinary healthcare facilities and services.

Market Report Scope

Market Dynamics

Market Driver - Increasing prevalence of orthopedic conditions in companion animals

The global veterinary orthopedics market is experiencing significant growth, driven by the increasing prevalence of orthopedic conditions in companion animals. A study published by Companion Animal Health, animal health company On April 22, 2024, found that 39.8% of young dogs (8 months to 4 years old) had radiographic signs of OA in at least one joint, and 23.6% exhibited clinical signs. This underscores the importance of early detection and treatment to enhance pets' quality of life.

Market Challenge - High costs associated with advanced veterinary orthopedic procedures

One of the major challenges faced by the global veterinary orthopedics market is the high costs associated with advanced orthopedic procedures. As veterinary orthopedic procedures become more advanced and complex using specialized implants, equipment and technology, the costs associated have significantly increased over time. Advanced orthopedic surgeries like knee and hip replacements that commonly involve titanium or steel implants can cost thousands of dollars for pet owners. The use of cutting-edge 3D printing technology and customized implants and prosthetics have further driven up costs.

Market Opportunity - Growing demand for minimally invasive surgical techniques

One of the major opportunities for the global veterinary orthopedics market is the growing demand for minimally invasive surgical techniques. With rising preference among pet owners for procedures that can reduce surgical trauma, recovery time and post-operative pain for pets, there is strong demand for minimally invasive options. Veterinary surgeons are increasingly adopting minimally invasive techniques that involve smaller incisions, specialized equipment and endoscopes for procedures like ligament repair and fracture fixations. This has fueled development of innovative products like arthroscopic implants. 

Key Stakeholders of Market

What Growth in global veterinary orthopedics market mean for Different Stakeholders?

The veterinary orthopedics market has multiple players with varied designations and offers multiple opportunities based on their scope of operations.

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Market Segmentation

•  Application Insights (Revenue, USD Mn, 2019 - 2031)
• • Tibial Plateau Leveling Osteotomy (TPLO)
  • Tibial Tuberosity Advancement (TTA)
  • Joint Replacement
  • Trauma
  • Legg-Calve-Perthes Disease
  • Other Applications
•  Product Type Insights (Revenue, USD Mn, 2019 - 2031)
• • Implants
  • Instruments
•  Animal Type Insights (Revenue, USD Mn, 2019 - 2031)
• • Canine
  • Feline
  • Equine
•  End User Insights (Revenue, USD Mn, 2019 - 2031)
• • Veterinary Hospitals & Clinics
  • Others (Research & Academic Institutions)
• Regional Insights (Revenue, USD Mn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • DePuy Synthes (Johnson & Johnson)
  • IMEX Veterinary, Inc.
  • BioMedtrix
  • Vetbone
  • B.Braun Holding GmbH & Co. KG
  • Veterinary Orthopedic Implants, Inc.
  • Kyon Pharma
  • ORTHOpets
  • Stryker Corporation
  • Braun Melsungen AG
  • VET-IMPLANTS
  • Vet-Tech, Inc.
  • Arthrex, Inc.
  • JORVET
  • Medtronic