Veterinary Orthopedic Implant Market

Veterinary Orthopedic Implant Market Outlook (2024 to 2034)

According to a new study by skilled analysts at Fact.MR, the global veterinary orthopedic implant market is projected to increase from a valuation of US$ 2.87 billion in 2024 to US$ 14.67 billion by the end of 2034. Sales of veterinary orthopedic implants are forecasted to increase at a noteworthy CAGR of 17.7% from 2024 to 2034.

The market for veterinary orthopedic implants is poised for unprecedented growth as more individuals embrace animals as companions. This is driving greater attention toward pet health needs, thus propelling the demand for such implant for various purposes.

Orthopedic implants are crafted devices intended for joint, bone, or cartilage replacement due to injury or deformity. Given that animals are prone to serious fractures and other bone issues, pet owners are seeking these implants to enhance the well-being of their injured companions.

• Forbes reports that, as of 2024, 66% of households in the United States (86.9 million homes) own pets.

This is projected to contribute to the expansion of the veterinary orthopedic implant market size as caretaking practices intensify. These implants enable pets to resume their active lifestyles, enhancing their role as cherished companions to their owners. Owners are constantly monitoring their pets for any signs of injury, thus propelling market growth.

Key Market Growth Drivers

• Orthopedic implants increase mobility, lower pain, and restore joint function. All these qualities attract pet owners to go for such implants to make their pets get back to normal life.
• Apart from pet owners, several animal welfare societies are also seeking orthopedic implants to make sure more animal lives are saved every year.
• More people are becoming aware of animal rights and helping injured stray animals to get the desired medication on time so that their lives can be saved.
• Cows are an integral part of the agricultural process, and farmers have to constantly monitor the health of livestock to keep the agriculture process running. More farmers are aware of the importance of orthopedic implants and contact the required hospitals in case of an emergency.
• Apart from farmers, dairy owners are also dependent on animals for their profits and are in need of these implants, thus contributing to market growth.

According to Fact.MR, a market research and intelligence provider, the market in Latin America is evaluated to expand at a CAGR of 10.4% from 2024 to 2034. This estimation will prompt more veterinary healthcare providers to establish their hospitals in the Latin American region.

Report Attribute	Detail
Veterinary Orthopedic Implant Market Size (2024E)	US$ 2.87 Billion
Forecasted Market Value (2034F)	US$ 14.67 Billion
Global Market Growth Rate (2024 to 2034)	17.7% CAGR
Canada Market Growth Rate (2024 to 2034)	8% CAGR
Brazil Market Value (2034F)	US$ 375 Million
North America Market Share (2024E)	44.9%
Latin America Market Share (2034F)	6.7%
Key Companies Profiled	Fusion Implants; Orthomed; KYON Pharma; Biomedtrix; DePuySynthes; Integra Lifesciences; B. Barun Melsungen AG; Veterinary Orthopedic Implants.

Which Key Veterinary Orthopedic Implant Market Trends are Suppliers Leveraging?

“Increased Awareness of Preventive Animal Healthcare and Access to Medical Facilities”

The market is expanding at a significant pace primarily due to the increased prevalence of orthopedic issues in animals, such as injury and arthritis. This demonstrates the increasing need for veterinary orthopedic implants. In addition, there has been an increase in the number of cases of cruciate ligament rupture in dogs worldwide.

Market growth is expected to be driven by high potential in untapped, emerging markets as a result of improved animal healthcare infrastructure, and increased unmet animal healthcare needs. Furthermore, the development of advanced surgical techniques to treat various orthopedic conditions is projected to provide suppliers with opportunities for market growth during the forecast period. The demand for veterinary orthopedic implants is not limited to developed countries but is also seen in developing countries such as the United States.

Increased consumer awareness of preventive animal healthcare and ease of access are promoting the use of veterinary orthopedic implants. However, technological advancements in veterinary orthopedic implants are projected to provide lucrative growth opportunities in developing countries such as China and Brazil during the forecast period.

“Increase in Pet Insurance Policies Attracting New Market Players”

The growing prevalence of animal diseases such as bone injury, cancer, and fractures resulting from trauma and arthritis has led to an increased demand for orthopedic implants. The rise in pet insurance policies, along with an increase in the number of veterinary hospitals and clinics catering to animal care, as well as the expanding veterinary workforce, are all contributing to veterinary orthopedic implant market growth.

• For instance, in the United States, Spot Pet Insurance offers two types of policies for cats and dogs: one for accidents and another that covers both accidents and illnesses. Thus, the surge in favorable pet insurance policies is fostering market growth.

Which Factors are Affecting Revenue Generation in the Market?

“Steep Prices of Orthopedic Procedures and Shortage of Trained Personnel”

High prices of veterinary orthopedic procedures and products present a major factor that could restrain market revenue growth. Moreover, the shortage of trained veterinary personnel and the lack of awareness among pet owners regarding veterinary orthopedics in developing countries may drive down market revenue. The absence of veterinary infrastructure facilities in underdeveloped nations, combined with the steep costs of veterinary orthopedic implants, may curtail market growth.

Country-wise Analysis

The market in Chile is evaluated to expand at a significant CAGR of 11.3% from 2024 to 2034. The country is analyzed to occupy a significant veterinary orthopedic implant market share of 47.3% by 2034 in the Latin American region.

Why are More Suppliers Choosing the United States to Establish Their Business?

“Large Population of Pet Enthusiasts and Growing Trend of Pet Humanization”

Attribute	United States
Market Value (2024E)	US$ 970 Million
Growth Rate (2024 to 2034)	6.2% CAGR
Projected Value (2034F)	US$ 1.77 Billion

The United States leads in pet adoption and spending due to an economic boom, changing lifestyles, and a large population of pet enthusiasts. This, in turn, creates a favorable environment for market expansion.

• According to the American Pet Products Association, approximately 70% of households in the United States own a pet. Furthermore, approximately US$ 136.8 billion was spent on pets in the United States in 2021. This has a positive influence on the sales of veterinary orthopedic products in the nation.

Dogs are becoming increasingly important members of American families, prompting owners to invest in advanced treatments such as orthopedic care to improve their pets' quality of life.

Rising prevalence of veterinary orthopedic injuries in the United States is another key factor driving market growth. Similarly, the growing popularity of pet humanization is expected to create new opportunities for companies across the country.

What Makes Brazil a Desirable Destination for Veterinary Orthopedic Implant Manufacturers?

“Rising Prevalence of Orthopedic Diseases in Pets and Government Support for Pet Healthcare”

Attribute	Brazil
Market Value (2024E)	US$ 155 Million
Growth Rate (2024 to 2034)	9.2% CAGR
Projected Value (2034F)	US$ 375 Million

Brazil is emerging as a highly profitable market for veterinary orthopedic product manufacturers due to the rising prevalence of orthopedic disease among pets, advancements in veterinary medicine, and government support for pet healthcare. Orthopedic disorders such as osteoarthritis, fractures, dysplasia, and cruciate ligament injuries are increasingly common in pets. This, in turn, is driving demand for orthopedic treatments and procedures.

Burgeoning veterinary industry in Brazil is significantly boosting the animal orthopedics market. As Brazil's healthcare sector grows rapidly, there is a noticeable increase in the production and innovation of various medical devices, including veterinary orthopedic implants. High pet adoption rates in Brazil, as well as increased access to affordable veterinary healthcare, are supporting market growth amid rising awareness of pet care.

Category-wise Insights

Based on product type, trauma fixation sales are projected to rise at a remarkable CAGR of 18.1% from 2024 to 2034.

Which Procedure is Gaining Popularity for Treating Dogs with Torn Cranial Cruciate Ligaments?

“Rising Preference for Tibial Plateau Leveling Osteotomy for Reliable Results”

Attribute	TPLO
Segment Value (2024E)	US$ 724.5 Million
Growth Rate (2024 to 2034)	17.2% CAGR
Projected Value (2034F)	US$ 3.54 Billion

Tibial plateau leveling osteotomy is becoming one of the most popular orthopedic surgeries performed on dogs who have torn their cranial cruciate ligament, also commonly known as a dog’s torn ACL. This surgery has proven to be very beneficial and is widely used by many surgeons. More animals are being treated around the world using this technique.

Which End User Accounts for Significant Revenue Generation for Suppliers?

“Suppliers Benefitting from High Need for Advanced Surgical and Emergency Tools in Hospitals”

Attribute	Veterinary Hospitals
Segment Value (2024E)	US$ 1.47 Billion
Growth Rate (2024 to 2034)	17.4% CAGR
Projected Value (2034F)	US$ 7.32 Billion

Veterinary hospitals have advanced technology and all the required tools for any kind of emergency. Thus, they have become a favorite choice for pet owners to come in for any medical issues.

Business Landscape

In the dynamic landscape of the animal orthopedic market, innovation has become a critical success factor for businesses. Leading players are constantly innovating to introduce advanced instruments, use biocompatible materials, and create implants tailored to the specific needs of various animals.

Key players in the veterinary orthopedic implant market are strategically focusing on collaboration, mergers, distribution agreements, acquisitions, and partnerships. These tactics demonstrate the market's commitment to innovation, address changing market demands, and maintain competitiveness by adapting themselves to evolving market trends such as veterinary endoscopy and veterinary eye care.

• In December 2021, DePuy Synthes (Johnson & Johnson Services, Inc.), a medical device manufacturing company based in the United States, acquired OrthoSpin, an Israeli company that creates and produces computerized strut systems.

Fact.MR provides detailed information about the price points of key veterinary orthopedic implant manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Key Segments of Oral Hygiene Product Market Research

• By Product Type :

  • Implants
    • Total Knee Replacement (TKR)
      • Cemented Total Knee Replacement
      • Cementless Total Knee Replacement
    • Total Hip Replacement (THR)
      • Cemented Total Hip Replacement
      • Cementless Total Hip Replacement
    • Trauma Fixations
      • External Fixations
      • Internal Fixations
    • Tibial Tuberosity Advancement (TTA) Implants
    • Tibial Plateau Levelling Osteotomy (TPLO) Implants
    • Advanced Locking Plate System (ALPS)
    • Total Elbow Replacement
  • Instruments
    • Scissors & Knives
    • Forceps
    • Mallets & Saws
    • Retractors
    • Others

• By Application :

  • Tibial Plateau Leveling Osteotomy
  • Tibial Tuberosity Advancement
  • Trauma Fixation Application
  • Joint Replacement
  • Others

• By End User :

  • Veterinary Hospitals
  • Veterinary Clinics
  • Others

• By Region :

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa