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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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.