US Veterinary Orthopedic Implants Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the US Veterinary Orthopedic Implants Market is expected to record a CAGR of 4.4% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 59.4 Million. By 2032, the valuation is anticipated to reach USD 87.5 Million.

The US Veterinary Orthopedic Implants market encompasses the manufacturing, distribution, and utilization of orthopedic devices for surgical interventions in animals. Fueled by increasing pet ownership, technological innovations, and a growing aging pet population, the market addresses conditions such as fractures and joint disorders in pets.

Key players, including B. Braun Vet Care, BioMedtrix, and DePuy Synthes Vet, drive the industry through continuous research and development, introducing advanced implant materials and surgical techniques. The market’s dynamic landscape reflects a commitment to enhancing animal healthcare outcomes across diverse species in the US

US Veterinary Orthopedic Implants Market – Significant Growth Factors

The US Veterinary Orthopedic Implants Market presents significant growth opportunities due to several factors:

• Rising Pet Ownership Rates: The increasing trend of pet ownership in the US is a primary driver, fostering a higher demand for veterinary orthopedic implants as pets become integral family members, prompting owners to invest in advanced medical care.

• Increased Pet Healthcare Expenditure: Growing awareness of pet health and an increased willingness among US pet owners to invest in advanced veterinary care contribute to market expansion. This includes orthopedic surgeries and associated implants, as pet owners seek the best possible medical outcomes for their animals.

• Technological Advancements: Continuous advancements in veterinary medicine and orthopedic technology drive market growth. Innovations in implant materials, surgical techniques, and diagnostic tools enhance the effectiveness of orthopedic procedures, attracting both veterinarians and pet owners.

• Aging Pet Population: The aging pet population contributes significantly. Older pets are prone to orthopedic conditions like arthritis, increasing the demand for orthopedic implants to maintain their mobility and overall quality of life.

• Specialized Sports and Working Animals: The utilization of animals in specialized roles, such as police and service dogs, has risen. These animals are more susceptible to musculoskeletal injuries, fueling the demand for orthopedic implants to support their physical well-being.

• Integration of Digital Health Solutions: The incorporation of digital health solutions, such as telemedicine and connected implants, presents an opportunity to enhance patient monitoring and post-surgical care, providing a more comprehensive approach to veterinary orthopedics.

• Customization for Exotic Species: There’s an untapped opportunity in developing orthopedic implants specifically designed for exotic species. This customization would address the unique orthopedic challenges of diverse animals, expanding the market reach beyond common companion animals to include a broader spectrum of species.

US Veterinary Orthopedic Implants Market – Mergers and Acquisitions

The US Veterinary Orthopedic Implants Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the US Veterinary Orthopedic Implants Market include:

• In 2023, Vimian Group AB’s subsidiary, Veterinary Orthopedic Implants, LLC (VOI), reached a settlement agreement with DePuy Synthes, resolving a patent dispute. This resolution, involving Fidelio, a part-owner, concludes the litigation between VOI and DePuy Synthes Products and Sales, enhancing stability in the veterinary orthopedic implants market.

• In 2021, Dassiet, a material innovation company, entered into a collaboration with OrthoPets, a prominent US-based pet orthosis manufacturer. This partnership aims to jointly develop sustainable, safe, and user-friendly pet healthcare products, combining Dassiet’s material innovation expertise with OrthoPets’ leadership in pet orthopedic care, enhancing the overall quality and safety of orthopedic solutions for pets.

• In 2020, Infiniti Medical, a US veterinary medical device company, acquired Orthomed Ltd., a UK-based provider of veterinary orthopaedic systems and equipment, for an undisclosed amount. This strategic move aims to diversify Infiniti Medical’s product portfolio and enhance its offerings in the veterinary medical devices market.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US Veterinary Orthopedic Implants Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US Veterinary Orthopedic Implants Market – Significant Threats

The US Veterinary Orthopedic Implants Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Economic Downturn: Economic uncertainties can pose a significant threat to the US Veterinary Orthopedic Implants market. During economic downturns, pet owners may reduce spending on non-essential veterinary procedures, impacting the demand for orthopedic implants.

• Stringent Regulatory Compliance: Increasing regulatory requirements and compliance standards for veterinary orthopedic implants can pose challenges for manufacturers. Stringent regulations may increase production costs and limit the introduction of new products, affecting market growth.

• Supply Chain Disruptions: The market is vulnerable to disruptions in the global supply chain. Any interruptions in the availability of raw materials or components for orthopedic implants could lead to production delays, shortages, and increased manufacturing costs.

• Competition from Alternative Therapies: Advancements in alternative therapies, such as regenerative medicine and non-surgical interventions, pose a threat to the traditional veterinary orthopedic implants market. Pet owners may explore these alternatives, impacting the demand for orthopedic surgical procedures.

• Public Perception and Ethical Concerns: Growing concerns regarding animal welfare and ethical considerations related to surgical interventions may influence public perception. Negative sentiments towards orthopedic surgeries for animals could lead to a decline in demand for veterinary orthopedic implants and associated procedures.

Report Scope

Category-Wise Insights

By Product

• Tibial Plateau Levelling Osteotomy (TPLO): TPLO is a surgical technique addressing canine cruciate ligament rupture. In the US Veterinary Orthopedic Implants Market, TPLO implants stabilize the knee joint. Current trends include increased adoption due to superior outcomes, reduced recovery times, and a surge in TPLO procedures, reflecting advancements in orthopedic care.

• Advanced Locking Plate System: An innovative system providing stability in fracture fixation, the Advanced Locking Plate System is gaining prominence in the US Veterinary Orthopedic Implants Market. Trends showcase a shift towards these systems for enhanced fracture management, offering versatility and improved implant-to-bone interface.

• Total Knee Replacement Implants: Total Knee Replacement (TKR) implants revolutionize orthopedic care for pets. In the US market, TKR implants address severe joint conditions, providing pain relief and improved mobility. Current trends involve increased acceptance, reflecting a growing demand for advanced orthopedic solutions in veterinary care.

• Others: The “Others” category encompasses various implants catering to diverse orthopedic needs. Trends include customization for exotic species, expanding the scope of implants beyond common companion animals, aligning with the US Veterinary Orthopedic Implants Market’s dynamic and evolving landscape.

By End User

• Hospitals: Hospitals in the US Veterinary Orthopedic Implants Market refer to specialized veterinary facilities offering comprehensive orthopedic services. Trends include the integration of advanced surgical technologies and increased collaborations with implant manufacturers, ensuring access to cutting-edge orthopedic procedures for animals.

• Clinics: Veterinary clinics provide orthopedic care for animals in a more general setting. Trends involve the adoption of minimally invasive techniques and a focus on preventive orthopedic interventions. Clinics play a crucial role in addressing a wide range of orthopedic issues.

• Others: This category encompasses various settings like specialty orthopedic centers and mobile veterinary services. Trends include the incorporation of digital technologies for remote consultations and the rise of specialized orthopedic services catering to specific animal populations, enhancing accessibility and tailored care.

By Animal

• Dogs: In the US, the Veterinary Orthopedic Implants Market for Dogs addresses fractures and joint issues. Trends include a rise in joint replacements, reflecting increased pet ownership and advanced surgical techniques in canine care.

• Cats: Focused on feline orthopedics, the market offers specialized implants. Trends involve a demand for minimally invasive surgeries and customized solutions, aligning with heightened awareness of feline health.

• Pigs: Catering to swine orthopedics, the market provides implants for fractures and joint issues in pigs. Trends include specific implants tailored to the unique anatomy and musculoskeletal challenges of pigs in US farming.

• Sheep: The US market for sheep orthopedic implants offers solutions for joint and limb issues in ovine species. Trends involve advancements in implants tailored for sheep, supporting orthopedic care in agriculture.

• Horse: Addressing orthopedic issues in horses, the market offers advanced implants for joint surgeries. Trends include a focus on innovative implant materials, reflecting the importance of performance and longevity in the equine industry.

• Others: Covering various animal species, the “Others” segment in the US Veterinary Orthopedic Implants Market reflects diverse needs. Trends involve customization, ensuring implants cater to exotic and small mammal species, and showcasing the industry’s commitment to providing specialized solutions.

Competitive Landscape – US Veterinary Orthopedic Implants Market

The US Veterinary Orthopedic Implants Market is highly competitive, with a large number of manufacturers and retailers operating. Some of the key players in the market include:

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

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants like OrthoPets and Vetex Medical have embraced innovation, introducing novel technologies to enter the US Veterinary Orthopedic Implants market. Established leaders such as B. Braun Vet Care, BioMedtrix, and DePuy Synthes Vet dominate through continuous R&D, offering comprehensive product portfolios and forming strategic collaborations.

These key players leverage financial strength and industry expertise to drive innovation, setting industry standards. Their strong market presence, coupled with cutting-edge solutions, positions them at the forefront, enabling sustained growth and prominence in the dynamic landscape of veterinary orthopedic implants in the United States.

The US 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