As per the current market research conducted by the CMI Team, the global Veterinary Orthopedic Implants Market size is expected to record a CAGR of 5.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 276.4 Million. By 2033, the valuation is anticipated to reach USD 417 Million.

Veterinary Orthopedic Implants Market: Overview

According to industry experts at CMI, veterinary orthopedic implants are the implants that are used for the repairing of a fractured bone or joint illness in the animal.

The growth of the market is being driven by several factors including the increasing pet ownership across the globe, increasing incidence of pet accidents, innovative product launches, technological advancement, growing expenditure on pet healthcare, increasing collaboration for clinical trials and growth in surgical procedures for CCL repair.

However, the stringent regulations and the competition from non-surgical treatments are expected to pose a major challenge to the expansion of the veterinary orthopedic industry.

Veterinary Orthopedic Implants Market: Growth Factors and Dynamics

Growing awareness regarding pet insurance

The veterinary orthopedic implants market is positively influenced by the increasing awareness regarding pet insurance. Orthopedic surgeries for pets that involved implants like plates, screws, and joint replacements are expensive and cost thousands of dollars.

Pet insurance covers a large percentage of these expenditures, thus more pet owners are willing and able to undergo expensive therapies. This is increasing demand for veterinary orthopedic implants as more pets have these operations with insurance to assist cover the price.

Also, the provision of pet insurance benefits veterinarian operations by lowering the risk of nonpayment or financial limitations from pet owners, which drives market expansion.

Increasing demand for customized implants

The market for veterinary orthopedic implants is expanding due to the growing demand for customized implants. As customized implants are developed precisely fit the anatomy of the animal.

They provide better alignment and reduce the chances of several issues like implant discomfort or loosening. Furthermore, the utilization of 3D printing in veterinary care positively drives the revenue growth.

Stringent regulations

Manufacturers frequently incur increased R&D costs complying with regulatory regulations. For the approvals of products businesses invested thorough testing and validation procedures.

This may raise the total cost of creating new orthopedic implants for pets, which could result in higher final costs. Thus, the stringent regulation hinders the expansion of the industry.

Report Scope

Feature of the ReportDetails
Market Size in 2024USD 276.4 Million
Projected Market Size in 2033USD 417 Million
Market Size in 2023USD 251.2 Million
CAGR Growth Rate5.2% CAGR
Base Year2023
Forecast Period2024-2033
Key SegmentBy Product Type, Application, End User and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

Veterinary Orthopedic Implants Market: New Launches and Acquisitions

  • In December 2022, Vimian’s Movora announced the successful completion of one of the first orthopedic surgeries with 3D-printed implants in dogs and horses.

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

  • Auxein Medical
  • Narang Medical Limited
  • Arthrex Vet systems
  • Johnson and Johnson
  • Orthomed
  • Vimian Group
  • Braun SE (B.Braun Vet Care)
  • BlueSAO
  • Integra Lifesciences
  • Ortho Max Mfg. Co. Pvt. Ltd.
  • Others

Global Veterinary Orthopedic Implants Market 2024 – 2033 (By Million)

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The Veterinary Orthopedic Implants Market is segmented as follows:

By Product Type

  • Plates
  • Screws
  • Others

By Application

  • Cruciate Ligament Rupture
  • Bone Fractures
  • Elbow Dysplasia
  • Hip Dysplasia
  • Others

By End User

  • Veterinary Hospitals
  • Veterinary Clinics
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America