Veterinary Orthopedic Implants Market, by Drug Class (Antipsychotics, Antidepressants, Mood Stabilizers, and Anti-anxiety Drugs and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : May 2023

Code : CMI2668

Pages :170

Formats :

Excel and PDF

Industry : Medical Devices

Veterinary Orthopedic Implants MarketSize and Trends

The global veterinary orthopedic implants market is estimated to be valued at US$ 296.5 million in 2023 and is expected to exhibit a CAGR of 5.9% during the forecast period (2023-2030).

Global Veterinary Orthopedic Implants Market Segmentation:

The global veterinary orthopedic implants market report is segmented into, Product type, Animal Type, Material, End User, and region

Based on Product Type, the market is segmented into advanced locking plate system, tibial plateau leveling osteotomy implants, tibial tuberosity advancement implants, total elbow replacement, total hip replacement, total knee replacement, and others (trauma fixations, etc.). Out of which, the advanced locking plate system segment is expected to hold a dominant position in the global veterinary orthopedic implants market during the forecast period and this is attributed to the technological advancements in the global veterinary orthopedics implants market.

Based on Animal Type, the market is segmented into dog, cat, and other animals. Out of which, the dog segment is expected to dominate the market over the forecast period and this is attributed to the increase in prevalence of obesity in dogs.

Based on Material, the market is segmented into stainless steel, titanium, and others. Out of which, the titanium segment is expected to dominate the market over the forecast period and this is attributed to the advanced surgical techniques.

Based on End User, the market is segmented into veterinary hospitals, veterinary clinics, and veterinary ambulatory services. Out of which, the veterinary hospitals segment is expected to dominate the market over the forecast period and this is attributed to the increase in the number of veterinary hospitals to treat the animals.

Among all segmentation, the animal type segment has the highest potential due to the increasing prevalence of osteoarthritis (OA) over the forecast period. For instance, according to Banfield Pet Hospital’s report on 2.5 million dogs and 500,000 cats treated in the U.S., the number of osteoarthritis (OA) cases increased by 66% in dogs and 150% in cats. The report also inferred that 52% of dogs and 41% of cats with OA are also overweight or obese. Thus, the increase in health conditions affecting the bones of pets such as obesity and arthritis positively affects the growth of the veterinary orthopedic market.