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

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.