Europe Veterinary Orthopedic Implants Market Size Likely to Reach at a CAGR of 5.2% By 2033

As per the current market research conducted by the CMI Team, the Europe Veterinary Orthopedic Implants Market size is expected to record a CAGR of 5.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 51.1 Million. By 2032, the valuation is anticipated to reach USD 80.7 Million.

Europe Veterinary Orthopedic Implants Market: Growth Factors and Dynamics

• Prevalence of Orthopedic Conditions: The Europe Veterinary Orthopedic Implants market is driven by the growing prevalence of orthopedic conditions in animals, including fractures, ligament injuries, and joint disorders. This necessitates the use of orthopedic implants for surgical interventions, contributing to the overall market demand.

• Focus on Regenerative Medicine: There is an increasing focus on regenerative medicine within the veterinary orthopedic field. Novel therapies and implants that promote tissue regeneration and healing are gaining prominence, attracting both veterinarians and pet owners seeking advanced and less invasive treatment options.

• Collaboration between Veterinary Professionals and Implant Manufacturers: Close collaboration between veterinary professionals and orthopedic implant manufacturers is fostering the development of tailored solutions. This synergy allows for the creation of implants that meet specific clinical needs, ensuring better outcomes and driving the market forward.

• Awareness and Education Initiatives: Growing awareness about the availability of advanced orthopedic solutions for animals and educational initiatives targeted at veterinarians and pet owners are positively influencing market growth. Increased knowledge about treatment options encourages the adoption of veterinary orthopedic implants in the region.

• Government Initiatives Supporting Animal Health: Government initiatives and regulations promoting animal health and welfare contribute to the growth of the veterinary orthopedic implants market in Europe. Policies that emphasize the importance of quality veterinary care drive investments in advanced orthopedic solutions for animals.

• Increasing Pet Ownership Rates: The Europe Veterinary Orthopedic Implants market is experiencing growth due to the rising trend of pet ownership in the region. As more individuals consider pets as integral family members, the demand for veterinary orthopedic implants, including joint replacements and fracture fixation devices, has significantly increased.

• Advancements in Veterinary Medicine: Ongoing advancements in veterinary medicine, particularly in orthopedic procedures and implant technologies, are driving the growth of the market. Innovations such as 3D printing, minimally invasive surgeries, and bioabsorbable implants are contributing to improved treatment outcomes and driving the adoption of orthopedic implants in veterinary practices.

Europe Veterinary Orthopedic Implants Market: Partnership and Acquisitions

• In 2022, Orthomed has partnered with Osso VR to introduce RoVR surgical training to the veterinary care sector. Leveraging virtual reality technology, this collaboration brings innovative and immersive training experiences to the animal health market, mirroring advancements already established in the medical industry for enhanced veterinary surgical skills development.

• In 2021, Veterinary Orthopedic Implants (VOI) joined forces with BioMedtrix and KYON to create a formidable global veterinary orthopedic group. This strategic alliance enhances their collective capabilities, forming a synergistic partnership that complements and strengthens each company’s position in the veterinary orthopedic market worldwide.

Report Scope

Europe Veterinary Orthopedic Implants Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Europe Veterinary Orthopedic Implants Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Veterinary Services: Lockdowns and restrictions led to disruptions in veterinary services, with pet owners delaying non-urgent procedures, impacting the demand for veterinary orthopedic implants.

• Supply Chain Challenges: The pandemic-induced disruptions in global supply chains affected the availability of raw materials and components, leading to potential shortages and increased manufacturing costs for orthopedic implants.

• Pent-up Demand for Delayed Procedures: With the easing of restrictions, there is expected to be a surge in demand for delayed veterinary procedures, including orthopedic surgeries, as pet owners seek to address postponed healthcare needs.

• Increased Telemedicine Adoption: The integration of telemedicine and virtual consultations has become more prevalent, allowing veterinarians to engage with pet owners remotely and discuss the necessity of orthopedic interventions, facilitating continued care and consultation.

• Emphasis on Preventive Care: Veterinary practices are likely to emphasize preventive care strategies, promoting routine check-ups and early intervention for orthopedic issues. This proactive approach ensures a steady demand for orthopedic implants as part of preventive veterinary medicine.

• Technological Innovations: Continuous advancements in orthopedic implant technologies, including 3D printing and improved materials, will drive recovery. Innovations that enhance surgical precision and improve post-operative outcomes will attract veterinarians and pet owners, restoring confidence in the market.

• Reimbursement Strategies: Implementing or enhancing reimbursement options for veterinary orthopedic procedures can encourage pet owners to proceed with necessary surgeries. Insurance coverage or flexible payment plans can alleviate financial concerns, fostering increased acceptance of orthopedic interventions.

• International Collaboration and Trade: Strengthening international collaboration and trade partnerships can facilitate the flow of raw materials and components essential for manufacturing orthopedic implants. This reduces dependency on a single source, mitigating the impact of potential future disruptions and ensuring a more resilient supply chain for the market.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Europe Veterinary Orthopedic Implants Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Europe Veterinary Orthopedic Implants Market:

• BioMedtrix LLC
• Braun Vet Care GmbH
• DePuy Synthes Vet
• KYON Veterinary Surgical Products
• Securos Surgical
• IMEX Veterinary Inc.
• Orthomed Ltd.
• Veterinary Orthopedic Implants Inc.
• Everost Inc.
• MWI Animal Health
• Integra LifeSciences Corporation
• Ortho Max Manufacturing Company
• Intrauma S.p.A.
• IMV Technologies
• Arthrex Inc.
• Others

The Europe Veterinary Orthopedic Implants Market is segmented as follows:

By Product

• Tibial Plateau Levelling Osteotomy
• Advanced Locking Plate System
• Total Knee Replacement Implants
• Others

By End User

• Hospitals
• Clinics
• Others

By Animal

• Dogs
• Cats
• Pigs
• Sheep
• Horse
• Others

Regional Coverage:

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe