Veterinary Orthopedic Implants Market Size, Trends and Insights By Product (Tibial Plateau Levelling Osteotomy, Advanced Locking Plate System, Total Knee Replacement Implants, Others), By End-User (Hospitals, Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

Report Code: CMI17008

Published Date: August 2022

Pages: 220+

Category: Animal Health

Report Snapshot

CAGR: 7.9%
5.41B
2021
5.60B
2022
7.12B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Fusion Implants
  • Orthomed
  • Braun Vet Care
  • Biomedtrix
  • Others

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Reports Description

The global veterinary orthopedic implants market was estimated at USD 5.41 billion in 2021 and is anticipated to reach around USD 7.12 billion by 2030, growing at a CAGR of roughly 7.9% between 2022 and 2030.

The global veterinary orthopedic implants market research report offers an in-depth analysis of the global market size, which is further segmented into the regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.

Veterinary Orthopedic Implants Market: Overview

Veterinary orthopedic implants have been growing exponentially in the past few years due to the increase in the prevalence of arthritis in pets, lack of medical access to pets in remote locations, and early aging leading to osteoarthritis in pets caused due to biological reasons. Orthopedic implants mainly include the use of metallic alloys, polymers, and ceramics in case of a permanent fixture. However, with the development and application of biomaterials that are compatible with animal health, the market would witness upcoming product developments having a better medical value.

Veterinary Orthopedic Implants Market: COVID–19 Impact Analysis

The outbreak of COVID-19 has resulted in several transformations in the orthopedic implants in the veterinary domain. As the market witnessed a lack of movement and travel restrictions in 2020, pet owners found it hard to counter disease in their pets. However, veterinaries were allowed to operate as a part of essential service in several countries.

This led to a positive outcome for pet owners with pets that needed medical care and attention on a daily basis. Additionally, the growing approvals for orthopedic implants have created numerous opportunities for market growth in the post-COVID world. However, as a precautionary measure, COVID-19 has induced safety protocols to prevent any transmission from humans to animals. This includes limiting human-animal contact at home.

Veterinary Orthopedic Implants Market: Growth Drivers

Growing cases of orthopedic surgeries and implants in animals to boost demand

The medical advancements to assist animals during critical procedures are accelerating the demand for veterinary orthopedic implants market worldwide during 2022-2030. This is leading to the rise in market revenue as newer technologies are preferably used to minimize the risk of any complexity.

On the other hand, the growing trend of treating obesity in pets has gained traction owing to the shift in owner mindset and change in diet and nutrition in pets. The market for orthopedic implants for animals is also projected to rise due to the increase in cases of osteoarthritis in medium to large breeds.

An increasing number of riding clubs encourage medical treatments

Horse riding is one of the oldest adventure sports witnessed in decades. This has resulted in setting up equestrian clubs for elite classes that rely on these clubs for their recreation. To maintain good health in the horses, a regular check-up is done to ensure there is no possibility of ailments in the animal. However, with the regular riding and accidents, the animal encounters arthritis that ends up in implant or replacement. Commercially, with the increase in the number of equestrian clubs, the demand for orthopedic veterinary surgeons has also increased exponentially.

Global Veterinary Orthopedic Implants Market 2023 – 2032 (By End-User)

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Veterinary Orthopedic Implants Market: Segmentation Analysis

The Veterinary Orthopedic Implants Market is categorized into product and end-user. By component, the total knee replacement market was estimated and is expected to be the largest segment throughout 2022-2030. By end-user, the clinic’s segment is estimated to hold the largest market share throughout the forecast period.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 5.41 Billion
Projected Market Size in 2030 USD 7.12 Billion
CAGR Growth Rate 7.9% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players Fusion Implants, Orthomed, B. Braun Vet Care, Biomedtrix, KYON Pharma, DePuySynthes, and Others
Key Segment By Product, End-User, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights:

  • As per the analysis shared by our research analyst, the Veterinary Orthopedic Implants Market is estimated to grow annually at a CAGR of around 7.9% over the forecast period (2022-2030).
  • In terms of revenue, the Veterinary Orthopedic Implants Market size was valued at around USD 5.41 billion in 2021 and is anticipated to reach around USD 7.12 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on product segmentation, the total knee replacement segment was predicted to show maximum market share in the year 2021.
  • Based on end-user segmentation, the clinic’s segment was the leading revenue-generating category in 2021.
  • On the basis of geography, the Asia Pacific region was the leading revenue generator in 2021.

 Recent Developments

  • March 2022: Vimian Group has recently acquired Kahu Vet Group, known as Kahuvet. Kahuvet is a New Zealand-based supplier of vet products in Australia and New Zealand. The acquisition is aimed to enhance customer services, better distribution, and expansion with sound knowledge in the Oceania region.
  • December 2021: Fidelio Capital completed the acquisition process with Veterinary Orthopedic Implants and now holds a major stake in the veterinary orthopedic business. The acquisition strengthens the company portfolio and relays a world-class customer experience on a comprehensive level. On a broader scale, the companies continue to collaborate to raise more investments in R&D and customer service.
  • December 2021: Vimian Group acquired Freelance Surgical, UK based distributor for veterinary products. The acquisition was aimed at strengthening the company’s market position around the world and has an access to the direct sales market to various parts of the world.

Global Veterinary Orthopedic Implants Market 2023 – 2032 (By Billion)

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 Regional Landscape

The Veterinary Orthopedic Implants Market is dominated by the Asia Pacific region, followed by North America. The market of Veterinary Orthopedic Implants Market in the Asia Pacific is witnessing growth attributed to medical technology used for implants and orthopedic surgery. In addition, the growing attraction of horse riding clubs in Asian countries is expected to contribute to the market growth.

The rise in the popularity of animal sports is projected to increase the cases of orthopedic occurrences in animals and fuel the demand for implants and surgeries in the coming years. On the other hand, NGO support in favor of animal welfare is expected to catalyze regional market growth.

Competitive Landscape

Leading players operating in Veterinary Orthopedic Implants Market are focused on constant innovations to distinguish and personalize their offerings for potential users. Some of the key strategies expected to take place in the market during the forecast years include mergers and acquisitions, new offerings, and partnerships.

Our report offers both quantitative and qualitative insights into the Veterinary Orthopedic Implants Market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

The global 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 Geography

North America

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

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • 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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Veterinary Orthopedic Implants Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Veterinary Orthopedic Implants Market: snapshot
  • Chapter 3. Global Veterinary Orthopedic Implants Market – Industry Analysis
    • 3.1 Veterinary Orthopedic Implants Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising cases of orthopedic surgeries
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By End-User
  • Chapter 4. Global Veterinary Orthopedic Implants Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Veterinary Orthopedic Implants Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Veterinary Orthopedic Implants Market – Product Analysis
    • 5.1 Global Veterinary Orthopedic Implants Market overview: By Product
      • 5.1.1 Global Veterinary Orthopedic Implants Market share, By Product, 2021 and 2030
    • 5.2 Tibial Plateau Levelling Osteotomy
      • 5.2.1 Global Veterinary Orthopedic Implants Market by Tibial Plateau Levelling Osteotomy, 2022 – 2030 (USD Billion)
    • 5.3 Advanced Locking Plate System
      • 5.3.1 Global Veterinary Orthopedic Implants Market by Advanced Locking Plate System, 2022 – 2030 (USD Billion)
    • 5.4 Total Knee Replacement Implants
      • 5.4.1 Global Veterinary Orthopedic Implants Market by Total Knee Replacement Implants, 2022 – 2030 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Veterinary Orthopedic Implants Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Veterinary Orthopedic Implants Market – End-User Analysis
    • 6.1 Global Veterinary Orthopedic Implants Market overview: By End-User
      • 6.1.1 Global Veterinary Orthopedic Implants Market share, By End-User, 2021 and 2030
    • 6.2 Hospitals
      • 6.2.1 Global Veterinary Orthopedic Implants Market by Hospitals, 2022 – 2030 (USD Billion)
    • 6.3 Clinics
      • 6.3.1 Global Veterinary Orthopedic Implants Market by Clinics, 2022 – 2030 (USD Billion)
    • 6.4 Others
      • 6.4.1 Global Veterinary Orthopedic Implants Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Veterinary Orthopedic Implants Industry – Regional Analysis
    • 7.1 Global Veterinary Orthopedic Implants Industry Regional Overview
    • 7.2 Global Veterinary Orthopedic Implants Industry Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Veterinary Orthopedic Implants Industry, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Veterinary Orthopedic Implants Industry, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030
      • 7.4.1 North America Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030 (USD Billion)
    • 7.5 North America Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030
      • 7.5.1 North America Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Veterinary Orthopedic Implants Industry, 2022 – 2030 (USD Billion)
        • 7.4.2.1 Europe Veterinary Orthopedic Implants Industry, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Europe Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030
      • 7.4.1 Europe Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030 (USD Billion)
    • 7.5 Europe Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030
      • 7.5.1 Europe Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Veterinary Orthopedic Implants Industry, 2022 – 2030 (USD Billion)
        • 7.5.3.1 Asia Pacific Veterinary Orthopedic Implants Industry, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Asia Pacific Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030
      • 7.4.1 Asia Pacific Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030 (USD Billion)
    • 7.5 Asia Pacific Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030
      • 7.5.1 Asia Pacific Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Veterinary Orthopedic Implants Industry, 2022 – 2030 (USD Billion)
        • 7.6.4.1 Latin America Veterinary Orthopedic Implants Industry, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Latin America Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030
      • 7.4.1 Latin America Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030 (USD Billion)
    • 7.5 Latin America Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030
      • 7.5.1 Latin America Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Veterinary Orthopedic Implants Industry, 2022 – 2030 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Veterinary Orthopedic Implants Industry, by Country, 2022 – 2030 (USD Billion)
    • 7.4 The Middle-East and Africa Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030
      • 7.4.1 The Middle-East and Africa Veterinary Orthopedic Implants Industry, by Product, 2022 – 2030 (USD Billion)
    • 7.5 The Middle-East and Africa Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030
      • 7.5.1 The Middle-East and Africa Veterinary Orthopedic Implants Industry, by End-User, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Fusion Implants
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Orthomed
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 B. Braun Vet Care
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Biomedtrix
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 KYON Pharma
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 DePuySynthes
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments

List Of Figures

Figures No 1 to 21

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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

  • Fusion Implants
  • Orthomed
  • B. Braun Vet Care
  • Biomedtrix
  • KYON Pharma
  • DePuySynthes
  • Others

FAQs

“Asia Pacific” region will lead the global Veterinary Orthopedic Implants market during the forecast period 2022 to 2030.

The medical advancements to assist animals during critical procedures are accelerating the demand for veterinary orthopedic implants market worldwide during 2022-2030.

The key players operating in the Veterinary Orthopedic Implants market are Fusion Implants, Orthomed, B. Braun Vet Care, Biomedtrix, KYON Pharma, DePuySynthes, and Others.

The global Veterinary Orthopedic Implants market is expanding growth with a CAGR of approximately 7.9% during the forecast period (2022 to 2030).

The global Veterinary Orthopedic Implants market size was valued at USD 5.41 billion in 2021 and it is projected to reach around USD 7.12 billion by 2030.

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