The global veterinary orthopedics market size was estimated at USD 396.86 million in 2018 and is expected to witness a CAGR of 8.4% during the forecast period. Growing pet adoption coupled with increasing income in the developing countries is expected to accelerate the growth. Moreover, increasing number of veterinary practitioners and rapid technological advancements in orthopedic devices are the major factors driving the demand. According to the American Veterinary Medical Association (AMVA), a total of 110,531 veterinary practitioners were present in the U.S. in 2017 compared to 107,995 in 2016.
Increasing demand for effective animal care is escalating the need for veterinary surgeries. For instance, according to an AVMA report, pet owners in U.S. spent USD 15.42 billion on veterinary surgeries in 2017. In addition, rising number of animal hospitals and pet care clinics is contributing to the growth. According to a report by AVMA, the number of veterinarians in U.S. is expected to increase by 12% from 2012 to 2022. Moreover, various sports and activity activities are conducted for pets, especially in U.S., thereby increasing the risks of injuries. These factors are fueling the growth of the market.
Moreover, increasing cases of pet obesity is fueling the market. According to an Association for Pet Obesity Prevention (APOP) report in 2017, 56% dogs and 59% cats were recorded as obese in U.S. Obesity further increases the risk of joint diseases, diabetes mellitus, cancer and other chronic conditions. According to APPA report, in U.S. around 20.8 million dogs went through surgery in 2016 and among them 5.8 million had very painful surgery.
Increasing number of government initiatives that help promote animal health is expected to fuel growth of the overall market. Advent of the One Health Initiative for the enhancement of animal healthcare standards has broadened the growth prospects. This collective initiative unifies disease surveillance, clinical care, and education and research areas for better disease control. High need for efficient monitoring of animals and increasing awareness pertaining to pathogenesis and epidemiology have encouraged organizations such as the Companion Animal Adoption Resources and the Federation of European Companion Animal Veterinary Association to take appropriate measures.
Implants accounted for the largest market share in 2018, attributed to rise in the number of cases with severe musculoskeletal injuries or orthopedic disorders such as cruciate ligament tears and hip and elbow dysplasia. This led to the need for surgery and thus, implants.
Total knee, hip, and elbow replacement surgeries conducted on animals facilitate pain-free mobility. Plates play an important role in treating orthopedic problems in cats, dogs as well as large animals. Introduction of new and advanced implant designs by key manufacturers is further propelling the growth. These companies are also providing objective data to the surgeons to support longevity, safety, and efficacy of different types of implants.
Prevalence of osteoarthritis in animals is increasing because of obesity, which is boosting the demand for veterinary orthopedic devices and surgeries. According to a kingsbrook vets report, in 2017 in U.S., 20% of all dogs, regardless of their ages, had osteoarthritis in 2017. Usually, Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) are prescribed by veterinarians as the first line of treatment, but in some cases, surgeries are also recommended. Surgical procedures include cranial cruciate ligament rupture, fusion of joints, and surgical stabilization. The demand for surgeries is one major factor for the growth of this segment.
The others segment includes TTA and TPLO implants. The others segment held the largest market share in 2018, due to several factors such as increased ability to bear weight, minimum and less painful recovery time required, and lesser number of complications associated with the implants.
Total knee replacement and total elbow replacement are also expected to showcase steady growth over the forecast period owing to the increasing number of orthopedic surgeries in canine animals. The total knee replacement segment is also expected to exhibit steady growth over the forecast period. Most animals are referred by veterinarians to undergo total knee replacement post pain rehabilitation. Osteoarthritis is one of the most common causes of knee pain. Other causes include trauma and malformation of the knee joint and cruciate ligament disorders. Animals undergoing the surgery are restored with joint mobility, thereby facilitating reduction in long-term medical management. Total hip replacement is recommended for canines with a weight of five to 170 pounds as well as for felines. This corrective surgery is the only available treatment that facilitates restoration of normalized mobility and prevents hip dysplasia.
Hospitals and clinics led the veterinary orthopedics market in 2018, attributed to rising number of procedures conducted under this facility. Availability of a wide range of treatments and surgeries in these facilities is among high impact rendering growth of this segment. Certain surgeries are only conducted in accredited veterinary hospitals and clinics, which is responsible for increasing the share of this segment.
Others segment includes research centers, emergency facilities, and various animal care centers. This segment is expected to witness lucrative growth over the forecast period owing to the technologically advanced systems under these facilities. Some of these include pet owner mobile technology and efficient information management systems. Moreover, the lucrative growth rate can attributed to increasing R&D investments and funding to develop advanced treatment options. Some of the investments are also done to enhance diagnostic procedure through development of new generation technology for diagnosis of osteoarthritis in companion animals.
In 2018, North America captured a substantial market share, primarily due to the presence of prominent players undertaking extensive expansion strategies. Moreover, increasing R&D investments initiated by the companies is one of the key potential growth factors presumed to be responsible for the sizeable share garnered by North America.
Furthermore, increasing prevalence of osteoarthritis is anticipated to drive the inclination of researchers and healthcare professionals toward advanced technologies, which in turn is projected to widen the scope for growth. Rising collective efforts by key players to improve their product portfolio and ensure high-quality standards are projected to boost the regional demand. For instance, in June 2018, Veterinary Orthopedic Implants launched TPLO plate to expand its orthopedic portfolio.
Asia Pacific is expected to showcase lucrative growth over the forecast period owing to growing trend of pet adoption and emerging economy in this region. According to the Japan Pet Food Association (JPFA) in 2018, the pet insurance market was increased by 20%, reached USD 450 million in March 2017. Increase in R&D and awareness in emerging economies, such as China and India, are expected to propel the regional market growth.
The market is marked by the presence of various small and large companies and is competitive in nature. It is dominated by key participants such as B.Braun Vet care GmbH; Veterinary Orthopedic Implants; KYON pharma Inc.; and GerMed USA among others. Some new players in the market includes Orthomed; Integra Lifesciences; and Everost Inc. among others.
Companies are involved in the development of new products and expansion of their distribution channels to capture greater market share. They are inclined toward maintaining strong competition by fulfilling unmet needs by delivering economic products. They are also consistently trying to boost their profits through mergers and acquisitions, geographical expansions, and new product launches. For instance, in February 2014, Everost, Inc. collaborated with Patterson Veterinary to expand its product portfolio. In October 2017, Surgical Holdings launched two new products-chisels and osteotomes-to expand its product portfolio.
Attribute |
Details |
Base year for estimation |
2018 |
Actual estimates/Historical data |
2014 - 2017 |
Forecast period |
2019 - 2026 |
Market representation |
Revenue in USD Million & CAGR from 2019 to 2026 |
Regional scope |
North America, Europe, Asia Pacific, Latin America, MEA |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Country Scope |
U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia |
15% free customization scope (equivalent to 5 analysts working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global veterinary orthopedics market report on the basis of product, application, end use, and region:
Product Outlook (Revenue, USD Million, 2014 - 2026)
Instrument
Implants
Plates
Compression Plates
Arthrodesis Plates
Acetabulum Plates
Screws
Others
Application Outlook (Revenue, USD Million, 2014 - 2026)
Total Knee Replacement
Total Hip Replacement
Total Elbow Replacement
Trauma Fixation
Others
End Use Outlook (Revenue, USD Million, 2014 - 2026)
Hospitals & Clinics
Others
Regional Outlook (Revenue, USD Million, 2014 - 2026)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
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