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How has the veterinary orthopedic medicine market grown over the years?
The market for veterinary orthopedic medicine has exhibited robust growth in the past few years. It is projected to expand from $3.69 billion in 2024 to $4.04 billion in 2025, at a compound annual growth rate (CAGR) of 9.5%. The historical growth can be ascribed to factors such as the rise of regenerative medicine, integration of telemedicine, the growing number of veterinary orthopedic experts, increased adoption of viscosupplementation products, and enhanced awareness about animal health.
What Is the forecasted market size and growth rate for the veterinary orthopedic medicine market?
The market size for veterinary orthopedic medicine is predicted to experience substantial growth in the upcoming years. A compound annual growth rate (CAGR) of 9.2% suggests it will increase to $5.74 billion by 2029. The expected growth during the forecast period is due to factors such as the increasing incidence of osteoarthritis, greater adoption of pet insurance, rampant obesity in pets, increased pet ownership, and higher pet-related expenditure. Dominant trends projected for the forecast period comprise hybrid implants, improved materials, regenerative medicine, 3D imaging, and computerized tomography (CT).
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What are the major factors driving growth in the veterinary orthopedic medicine market?
The surge in orthopedic diseases among pets is anticipated to fuel the expansion of the veterinary orthopedic medicine market. Canine and feline musculoskeletal conditions, collectively known as pet orthopedic diseases, are on the rise due to factors such as breed-specific predisposition, growing obesity rates, and environmental influences like insufficient exercise and improper diet. Veterinary orthopedic medicine is pivotal in diagnosing, administering treatment, and managing pet orthopedic diseases. It aids in relieving pain, restoring movement, and enhancing overall life quality. For example, a July 2024 report from the Morris Animal Foundation, a non-profit U.S based organization, stated that over 14 million mature dogs in the U.S were battling osteoarthritis. Furthermore, evidence reveals that roughly 90% of cats aged 12 or above show radiographic signs of osteoarthritis, shedding light on the high occurrence of this disease in aged pets and the increasing need for awareness and treatment progress. As such, the rising frequency of pet orthopedic diseases is fueling the growth of the veterinary orthopedic medicine market.
What key areas define the segmentation of the global veterinary orthopedic medicine Market?
The veterinary orthopedic medicine market covered in this report is segmented –
1) By Product: Biologics, Viscosupplements, Pharmaceuticals
2) By Animal Type: Canine, Feline, Equine, Cattle, Swine, Other Animal Types
3) By Application: Osteoarthritis, Degenerative Joint Disease, Joint Inflammation Or Pain, Other Applications
4) By End-use: Veterinary Hospitals, Veterinary Clinics, Other End Users
Subsegments:
1) By Biologics: Platelet-Rich Plasma (PRP), Stem Cell Therapy, Bone Marrow Aspirate Concentrate (BMAC), Viscosupplements
2) By Viscosupplements: Hyaluronic Acid, Corticosteroid Injections
3) By Pharmaceuticals: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Analgesics, Antibiotics
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Which leading companies are shaping the growth of the veterinary orthopedic medicine market?
Major companies operating in the veterinary orthopedic medicine market are AmerisourceBergen Corporation, Johnson & Johnson, EVEROST Inc., Zoetis Inc., Elanco Animal Health, Integra lifesciences, Ceva Sante Animale, Virbac SA, STERIS Animal Health, Merck Animal Health (Merck & Co. Inc.), Veterinary Orthopedic Implants, American Regent, Bimeda U.S., B. Braun Melsungen AG, Coveto SA, Biogenesis Bago, Vetoquinol S.A., Avante Animal Health, Hyalogic LLC, Hester Biosciences, Petline Sa, Sklar Instruments, GerMedUSA, RWD Life Science, Orthomed (UK) Ltd., BioMedtrix LLC, IMEX Veterinary Inc.
What are the key trends shaping the future of the veterinary orthopedic medicine market?
Leading organizations in the veterinary orthopedic medicine sector, including VCA Animal Hospitals, are focusing on the integration of novel technologies such as 3D printing labs for specialized implants, regenerative medical procedures including stem cell and platelet-rich plasma (PRP) therapies, and tailored advanced imaging methods like MRI and CT scans. The 3D Printing Lab for Pet Orthopedic Surgeries is a unique facility that employs 3D printing tech to develop custom implants, prosthetics, and surgery tools particularly for veterinary orthopedic operations. To illustrate, in October 2024, VCA Animal Hospitals, a U.S. entity providing premium veterinary care for pets, opened a 3D printing lab in its VCA Northwest Veterinary Specialists center in Clackamas, Oregon. Utilizing state-of-the-art 3D printing tech, this lab aims to augment orthopedic surgeries for pets through a design of unique implants and surgical plans suited to each pet’s distinct anatomy. Osteoarthritis, a condition impacting 20% of dogs above one-year-old and 80% of those older than eight, often requires surgical procedures. VCA’s individualized approach aspires to facilitate quicker healing times and better surgical results, treating intricate orthopedic ailments more effectively than conventional means.
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What regions are contributing significantly to the growth of the veterinary orthopedic medicine market?
North America was the largest region in the veterinary orthopedic medicine market in 2023. The regions covered in the veterinary orthopedic medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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