2025-2034 Growth Prospects of the Veterinary Orthopedic Medicine Market: Key Trends and Opportunities Analyzed
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How Significant is the Anticipated Growth Rate of the Veterinary Orthopedic Medicine Market from 2025 to 2034?
The market for veterinary orthopedic medicine has seen robust growth in recent years. The market is expected to expand from $3.69 billion in 2024 to $4.04 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.5%. The historical growth can be associated with the advent of regenerative medicine, the integration of telemedicine, the increased number of specialists in veterinary orthopedics, a surge in the use of viscosupplementation products, and a heightened awareness of animal health.
The market for veterinary orthopedic medicine is projected to experience robust growth in the coming years, with its value anticipated to reach $5.74 billion in 2029, realizing a compound annual growth rate (CAGR) of 9.2%. This growth during the forecast period can be credited to factors such as the increasing occurrence of osteoarthritis, the widening acceptance of pet insurance, the alarmingly high rate of obesity in pets, expanding pet ownership, and escalating spending on pets. Key trends predicted to impact the market in the forecast period include the emergence of hybrid implants, advancements in materials, developments in regenerative medicine, the use of 3D imaging, and computerized tomography (CT).
Which Macro and Microeconomic Factors Are Accelerating the Growth of the Veterinary Orthopedic Medicine Market?
The growth of the veterinary orthopedic medicine market is anticipated to be fueled by the escalating occurrence of orthopedic diseases in pets. These ailments impact the musculoskeletal system of companion animals, primarily dogs and cats. Breed predispositions, escalating obesity rates, and environmental elements such as insufficient exercise and inadequate nutrition are notable factors contributing to the rise in pet orthopedic diseases. Veterinary orthopedic medicine plays a pivotal role in the diagnosis, treatment, and management of these ailments, helping animals to relieve pain, regain mobility, and enhance their overall quality of life. For example, the Morris Animal Foundation, a non-profit organization based in the US, reported that in July 2024, more than 14 million adult dogs in the US were suffering from osteoarthritis. Furthermore, evidence suggests that about 90% of cats over 12 years old show radiographic evidence of osteoarthritis. This highlights the high incidence of this disease in aging pets and underscores the mounting necessity for awareness and advancements in treatment options. Consequently, the veterinary orthopedic medicine market is experiencing growth due to the rising occurrence of pet orthopedic diseases.
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Who Are the Dominant Players Pushing the Boundaries 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
How Are Market Trends Revolutionizing the Veterinary Orthopedic Medicine Industry in Recent Times?
Leading companies in the veterinary orthopedic medicine sector are channeling their resources into innovative technologies such as a 3D printing lab that accommodates custom implants, cell regeneration therapies, including stem cell and platelet-rich plasma (PRP) treatments, as well as ground-breaking imaging methods like CT scans and MRIs engineered specifically for animals. A 3D Printing Lab for animal orthopedic surgical procedures is an expert facility employing 3D printing innovations to manufacture custom implants, prosthetics, and surgical equipment specially developed for veterinary orthopedic operations. For instance, in October 2024, VCA Animal Hospitals, an American company providing high-quality pet care, inaugurated a 3D printing lab at its VCA Northwest Veterinary Specialists center in Clackamas, Oregon. The lab uses sophisticated 3D printing technology with an objective to elevate orthopedic surgical procedures for pets, by producing custom implants and surgical guides personalized for each pet’s unique anatomical structure. Osteoarthritis, afflicting 20% of dogs only a year old and 80% of dogs over eight years old, often requires surgical solutions. By adopting this unique approach, VCA aims for quicker recovery periods and enhanced surgical results, tackling intricate orthopedic problems more efficaciously than conventional methods.
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Which Key Segments Define the Structure of the Veterinary Orthopedic Medicine Market and Their Growth Potential?
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
Which Geographic Areas Are Influencing 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.
How Is the Veterinary Orthopedic Medicine Market Classified and Defined in Market Analysis?
Veterinary orthopedic medicine is a specialized field within veterinary medicine focused on diagnosing, treating, and preventing disorders and injuries of the musculoskeletal system in animals. It encompasses a range of conditions such as fractures, arthritis, congenital deformities, and soft tissue injuries and involves various treatments, including surgical interventions, physical therapy, and rehabilitation to restore mobility and functionality in animals.
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