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How Will the Veterinary Orthopedic Implants Market Grow Over the Forecast Period Based on Its Expected CAGR?

In recent years, there has been substantial growth in the size of the veterinary orthopedic implants market. The market size is projected to increase from $0.26 billion in 2024 to $0.28 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The increase during the historical period can be linked to various factors such as the increase in pet ownership, growing recognition of the advantages of veterinary orthopedic surgery, the humanization of companion animals, the aging pet population, and veterinary referral centers.

There is an expectation for the veterinary orthopedic implants market to experience robust growth in the forthcoming years, with an estimated size of $0.37 billion by the year 2029 and a Compound Annual Growth Rate (CAGR) of 7.3%. This anticipated growth during the forecast period may be due to factors such as an aging pet population, an increase in pet insurance, pet obesity and joint health issues and a rising awareness about the importance of preventive veterinary care, customized implants, and minimally invasive surgery. Key trends to watch during this forecast period are developments in veterinary medication, personalized implants, regenerative medicine, digital health and telemedicine, connectivity of orthopedic devices, technology in 3D printing, biocompatible materials, and efforts toward rehabilitation and physical therapy.

Which Primary Drivers Are Supporting the Continued Expansion of the Veterinary Orthopedic Implants Market?

The surge in obesity and arthritis occurrences elevates the demand for the veterinary orthopedic implants market. Obesity is a situation where a pet’s weight impacts its health to an extent that it causes bone weakening, and arthritis in pets leads to a loss of bone strength. These two conditions may also lead to fractures and other bone-joint complications, negatively impacting the pet’s overall health and potentially reducing their lifespan. For example, in March 2023, the World Heart Foundation, a Switzerland-based non-government global cardiovascular community, reported approximately 2.3 billion adults and children globally to be obese or overweight. The current trend in obesity suggests that by 2025, the population of people living with obesity could rise to 2.7 billion. Therefore, the rise in health issues that affect pets’ bones, such as obesity and arthritis, are beneficial to the growth of the veterinary orthopedic market.

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Who Are the Dominant Players Expanding Their Reach in the Veterinary Orthopedic Implants Market?

Major companies operating in the veterinary orthopedic implants market include KYON Pharma Inc., Veterinary Orthopedic Implants Inc., BioMedtrix LLC, IMEX Veterinary Inc., Orthomed Ltd., Securos Surgical, B.Braun Vet Care, BlueSAO, MWI Veterinary Supply Co., New Generation Devices, Scil Animal Care Company, SophiaTech, Johnson & Johnson, Fusion Implants, GPC Medical Ltd., Narang Medical Limited, D4 Surgicals (India) Pvt. Ltd., Uteshiya Medicare Private Limited., Bonetech Medisys Pvt. Ltd., Integra LifeSciences Corporation, GerMedUSA Inc., Everost Inc., Arthrex Vet Systems, Ortho Max Mfg. Co. Pvt. Ltd., Auxein Medical, Vimian Group, Innoplant Medizintechnik GmbH

What Key Trends Are Currently Impacting the Veterinary Orthopedic Implants Market’s Development?

The progression of the veterinary orthopedic implants market is hindered by the exorbitant expenses attached to orthopedic surgery. Many households can’t bear the financial burden imposed by the multiple costs pertaining to surgery, such as equipment, X-rays and other supply costs. As an illustrative example, in the USA, the average cost of an initial exploratory examination is approximately $400. The actual orthopedic surgery can extend anywhere between $1,500 and $4,000. Therefore, this steepness in surgical costs inhibits the upward mobility of the veterinary orthopedic market.

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Which Key Segments Stand Out in Understanding the Composition of the Veterinary Orthopedic Implants Market?

The veterinary orthopedic implants market covered in this report is segmented –

1) By Product Type: Advanced Locking Plate System, Tibial Plateau Leveling Osteotomy Implants, Tibial Tuberosity Advancement Implants, Total Elbow Replacement, Total Hip Replacement, Total Knee Replacement, Trauma Fixations

2) By Animal: Dog, Cat, Other Animals

3) By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Surgical Centers

Subsegments:

1) By Advanced Locking Plate System: Locking Compression Plates (LCP), Locking Distal Plates

2) By Tibial Plateau Leveling Osteotomy (TPLO) Implants: TPLO Plates, TPLO Jigs And Instruments

3) By Tibial Tuberosity Advancement (TTA) Implants: TTA Plates, TTA Screws

4) By Total Elbow Replacement: Elbow Prostheses, Surgical Instruments For Elbow Replacement

5) By Total Hip Replacement: Hip Prostheses, Surgical Instruments For Hip Replacement

6) By Total Knee Replacement: Knee Prostheses, Surgical Instruments For Knee Replacement

7) By Trauma Fixations: Intramedullary Pins, Bone Screws, External Fixators

Which Regions Are Setting the Pace for Veterinary Orthopedic Implants Market Growth?

The countries covered in the veterinary orthopedic implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

How Is the Veterinary Orthopedic Implants Market Defined Across Different Regions?

Veterinary orthopedic implant is a surgical tool used to repair a broken bone structure and regain its function. Veterinary orthopedic implants are typically made of metals such as pure commercial titanium (Ti) or titanium alloys, stainless steel, and cobalt-chromium (Co-Cr) alloys and are used by veterinary surgeons for bone fixation surgeries and treating bone fractures in animals. The orthopedic implants are also used as a support structure for healing fractures and reconstructive surgeries. Orthopedic implants include screws, plates, pins, and wires, which are used in surgeries performed on animals.

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