Veterinary Orthopedics Market Size, Share & Trends Analysis Report By Product (Instruments, Implants), By Application (TPLO, TTA), By End Use (Hospitals & Clinics), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global veterinary orthopedics market size was valued at USD 434.01 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. Growing pet adoption, pet expenditure, chronic diseases, number of veterinarians, and pet insurance is expected to accelerate the market growth. The 2020 PDSA Animal Wellbeing (PAW) Report stated that about 51% of U.K. citizens owned a pet. In addition, the report pegged U.K.’s dog and cat population at around 10.1 million and 10.9 million, respectively.

The COVID-19 pandemic led to a slowdown in the market due to movement restrictions, reduced veterinary visits, and delayed or canceled elective veterinary orthopedic surgeries. In March 2020, Harmony Veterinary Center in Colorado U.S. suspended all veterinary elective procedures, surgeries, and dentistry. According to the findings of an April 2020 survey by the American Veterinary Medical Association (AVMA), 98% of the respondent veterinary practitioners reported limiting client contact due to the outbreak while about two-thirds had deferred at least some surgical procedures.

The surgery volume across the globe recovered gradually as lockdown protocols were eased in several countries and many public health bodies released guidelines to support the resumption of veterinary surgeries. For instance, the Seven Hills Veterinary Hospital updated its protocols effective June 2021 and reported an increase in the volume of appointments/telephone calls/urgent care and emergency services including surgeries. Thus, although the COVID-19 pandemic led to a reduction in elective surgeries, the number is expected to bounce back in the coming years.

According to Banfield Pet Hospital’s 2020 report on Veterinary Emerging Topics, pet obesity in the U.S. has become an epidemic. Of the 1.9 million adult dogs examined at the hospital, 51% were reported to be overweight. Banfield Pet Hospital has observed this upward trend in pet obesity since 2007. The hospital reports that every 1 out of 3 cats and dogs were overweight. Obesity leads to comorbid conditions, such as osteoarthritis, which often require surgical interventions. For instance, as per Banfield Pet Hospital in 2017, arthritis/DJD, ligament/tendon conditions, and hip/pelvis conditions were the most common osteoarthritis conditions affecting dogs and cats. This led to an increase in orthopedic surgeries in canine pets.

According to the North American Pet Health Insurance Association (NAPHIA), there was a 21% increase in the pet health insurance sector in the region in 2019. NAPHIA reported continued growth in its sector even in 2020, despite some COVID-related challenges. All these factors are expected to continue fueling the regional growth over the forecast period. According to the 2019 Chinese Pet Industry report by Pet Fair Asia, urban Chinese were estimated to have spent about USD 28.8 billion on their pets (mainly cats and dogs). China’s pet insurance market, although in its early stages, is expected to grow significantly, thus making pet care and treatments affordable in the future. All these factors are anticipated to drive the Chinese market for veterinary orthopedics.

Application Insights

The TPLO segment dominated the market and accounted for a revenue share of over 20.0% in 2021. Tibial Plateau Leveling Osteotomy (TPLO) is a very popular method for repairing CCL rupture in dogs. It is recommended mainly for large-breed dogs but is also a good choice for moderate and small breeds. TPLO procedure enables a full return to an active lifestyle, which fuels its demand and thus the segment growth.

The American Veterinary Medical Association conducted a survey of members of the Veterinary Orthopedic Society (VOS) in 2016. As per its results, VOS members preferred the TPLO technique for treating CCL rupture in dogs weighing more than 15 kgs. The TTA segment is expected to grow at the fastest rate of 8.3% over the forecast period. This is due to the less-invasive TTA surgery compared to TPLO and other benefits. Other advantages that lead to the increased adoption of this surgical method are less postoperative pain, faster recovery compared to TPLO, and fewer complications.

Product Insights

The implants segment dominated the market and accounted for a revenue share of over 55.0% in 2021. The implants segment is further segregated into plates, screws, and others. The plates segment comprises compression plates, arthrodesis plates, and acetabulum plates. According to scil animal care company, cruciate ligament repairs and traumas are the most common procedures that require veterinary orthopedic implants.

The instruments segment is expected to witness notable growth over the forecast period. According to veterinary surgeons, surgeries performed on small animals require extremely specialized surgical instruments that provide high precision and accuracy. These include bone cutting forceps, bone files, bone rasps, and more.

End-use Insights

The hospitals and clinics segment dominated the market and accounted for a revenue share of over 80.0% in 2021. Hospitals and clinics report the largest footfall and are better equipped to handle orthopedic procedures and surgeries. The availability of the necessary setup for diagnostic tests and post-surgical procedures makes this segment a preferred choice for pet parents and is expected to propel the market growth over the forecast period.

The others segment comprises veterinary research centers and ambulatory care units. It is anticipated to grow at a high rate of 9.0% during the forecast period, which can be attributed to increasing R&D investments and funding for developing therapeutically advanced surgical techniques and implants.

Regional Insights

North America dominated the market and accounted for a revenue share of more than 30.0% in 2021. According to 2018 findings of the Association for Pet Obesity Prevention, U.S., 59.5% of cats and 55.8% of dogs were categorized as obese, whereas in 2015, 58% of cats and 54% of dogs were identified to be obese. Obesity makes pets vulnerable to disorders such as hip and joint conditions, Cranial Cruciate Ligament (CCL) rupture, etc., which require surgery in severe cases. Other factors driving the North American market include the presence of major players and well-established healthcare infrastructure.

In Asia Pacific, the market is expected to register the fastest growth rate of 8.6% over the forecast period owing to factors such as the growing pet expenditure, humanization of pets, and the presence of market players. For instance, pets in Japan, especially cats and dogs, have a longer life expectancy, making them more susceptible to disorders of the knee/hip or elbow/shoulder associated with old age and trauma. This is expected to propel market growth.

Key Companies & Market Share Insights

The market is notably competitive. The market players are focused on increasing market share via various strategic initiatives including collaborations, distribution partnerships, mergers & acquisitions, and product development. The market is also witnessing consolidation. For instance, Vimian Group, based in Sweden, owns a family of companies including Movora (Animal MedTech), VetFamily (Veterinary Services), Indical Bioscience (Veterinary Diagnostics), and Nextmune (Veterinary Specialty Pharma).

Movora was created in 2020 with the acquisition of Kyon, BioMedtrix, and Veterinary Orthopedic Implants. It specializes in providing orthopedic implants to veterinarians and universities. Veterinary Orthopedic Implants was acquired in October 2019 whereas BioMedtrix, LLC was acquired in March 2020 and was made a part of Movora Company. Some prominent players in the global veterinary orthopedics market include 

• B. Braun Melsungen AG

• Narang Medical Limited

• STERIS

• Arthrex, Inc.

• Integra LifeSciences Corporation

• Movora

• Johnson & Johnson (Depuy Synthes Vet)

• AmerisourceBergen

• Surgical Holdings Veterinary

• GerVetUSA

Veterinary Orthopedics Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this report, Grand View Research has segmented the global veterinary orthopedics market report based on application, product, end use, and region: 

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Total Knee Replacement

  • Total Hip Replacement

  • Total Elbow Replacement

  • Trauma Fixation

  • TPLO

  • TTA

  • Lateral Fixation

  • Others

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Instruments

  • Implants

    • Plates

      • Compression Plates

      • Arthrodesis plates

      • Acetabulum plates

    • Screws

    • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals & Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia