U.S. Veterinary Orthopedic Implants Market Size, Share, Trends, Growth and Forecast 2032

U.S. Veterinary Orthopedic Implants Industry Prospective:

The U.S. veterinary orthopedic implants market size was evaluated at $250 million in 2023 and is slated to hit $801 million by the end of 2032 with a CAGR of nearly 7% between 2024 and 2032.

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U.S. Veterinary Orthopedic Implants Market: Overview

Veterinary orthopedic implants are special instruments used in veterinary medicine to treat musculoskeletal issues in various animals. Reportedly, these products play a significant role in correcting defects in animal muscles, restoring broken bones, and offering support for various surgeries in animals. There are different kinds of products, including pins & wires, specialized implants, and bone plates & screws.

Key Insights

• As per the analysis shared by our research analyst, the U.S. veterinary orthopedic implants market is projected to expand annually at the annual growth rate of around 7% over the forecast timespan (2024-2032)
• In terms of revenue, the U.S. veterinary orthopedic implants market size was evaluated at nearly $250 million in 2023 and is expected to reach $801 million by 2032.
• The global U.S. veterinary orthopedic implants market is anticipated to grow rapidly over the forecast timeline owing to the growing need for fracture repair and demand for preserving limb operations.
• In terms of animal type, the dogs segment is slated to register the highest CAGR over the forecast period.
• Based on application, the TPLO segment is predicted to contribute majorly towards the U.S. industry revenue in the upcoming years.
• Region-wise, the Southern veterinary orthopedic implants industry is projected to register the fastest CAGR during the projected timespan.

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U.S. Veterinary Orthopedic Implants Market: Growth Factors

Escalating need for addressing the orthopedic issues of pets to boost the market growth trends in the U.S.

Growing need for fracture repair and demand for preserving limb operations can expedite the growth of the U.S. veterinary orthopedic implants market. A surge in awareness about improving pet health and breakthroughs in veterinary surgical methods will propel the expansion of the market in the U.S. Rapid breakthroughs in veterinary medicine and the launching of new orthopedic implants such as pins, plates, joint implants, and screws will drive the market trends in the U.S. Furthermore, manufactures in the U.S. are developing new kind of products for various kinds of animals based on variations in the anatomy of animals. This, in turn, will enlarge the scope of the market in the U.S. in the coming years.

U.S. Veterinary Orthopedic Implants Market: Restraints

Economic instabilities can impact the product demand in the U.S. in the upcoming years

Economic downturns have resulted in reduced spending by pet owners on veterinary procedures, thereby obstructing the expansion of the U.S. veterinary orthopedic implants industry. Strict compliance regulations for veterinary orthopedic implants can severely hit the expansion of the industry in the country.

U.S. Veterinary Orthopedic Implants Market: Opportunities

Focus of the government on preventive healthcare of pets to open new facets of growth for the market in the U.S.

A rise in the number of pet owners in the U.S. and breakthroughs in veterinary medicine will open new vistas of growth for the U.S. veterinary orthopedic implants market. In addition to this, a surge in awareness about preventive healthcare activities has translated into massive product demand for effectively handling fractures and arthritis in animals, thereby steering the growth of the market in the U.S.

U.S. Veterinary Orthopedic Implants Market: Challenges

Disruptions in the supply chain activities can derail the growth of the industry in the U.S. over the ensuing years

Supply chain oscillations and animal welfare issues can adversely impact the growth of the U.S. veterinary orthopedic implants industry. Lack of skilled personnel can inhibit the growth of the country's industry.

U.S. Veterinary Orthopedic Implants Market: Segmentation

The U.S. veterinary orthopedic implants market is divided into animal type, application, and region.                                          

In terms of animal type, the U.S. veterinary orthopedic implants market across the globe is bifurcated into dog and cat segments. Additionally, the dogs segment, which gained approximately 71% of the market earnings in 2023, is expected to register the highest gains from 2024 to 2032, subject to a rise in the percentage of pet ownership in dogs. According to the American Veterinary Medical Association, the population of pet dogs in the U.S. was evaluated at 93 million in 2023 and is predicted to hit 111 million by 2030. Reportedly, various breeds of dogs are susceptible to orthopedic problems such as joint pains and hip dysplasia, thereby steering the product demand in the U.S.

Based on the application, the U.S. veterinary orthopedic implants industry is divided into TPLO and TTA segments. Additionally, the TPLO segment, which accrued about 55% of the industry revenue in 2023, is set to make large-scale contributions towards the industry elevation in the U.S. during the forecast period owing to a rise in the orthopedic surgeries on dogs. Apart from this, the need to reduce post-operative issues and enhance long-term joint stability will spearhead the growth of the country's industry.

U.S. Veterinary Orthopedic Implants Market: Report Scope

U.S. Veterinary Orthopedic Implants Market: Regional Insights

Northeast region of the U.S. to establish a leadership position in the market in the country over the forecast timeline

The northeast region, which accounted for half of the U.S. veterinary orthopedic implants market share in 2023, is expected to establish a key position in the U.S. market in the upcoming years. In addition, the regional market expansion in the forecast timeline can be credited to an increase in the pet ownership rate in the households of various states of the northeast part of the U.S. Moreover, this has led to a humungous demand for product, with pet owners seeking new medical solutions for their pets such as joint disorders and fractures. Easy access to advanced veterinary amenities in the region will further drive market growth. An increase in pet insurance coverage will proliferate the regional market size.

Southern veterinary orthopedic implants industry is predicted to register the highest growth rate annually in the next few years. The industry's growth in the region can be due to a large-scale focus on animal welfare. Apart from this, the region consists of a large proportion of pet owners. For instance, nearly 67% of U.S. households have pets, and a large number of them look for new medical services for their pets.  

Key Developments

• In January 2022, Movora, the veterinary Medtech unit of Vimian Group, introduced a new distribution center in Florida in the U.S. with the firm’s three products, namely, veterinary orthopedic implants, BioMedtrix, and KYON shipping from this unit.

U.S. Veterinary Orthopedic Implants Market: Competitive Space

The U.S. veterinary orthopedic implants market profiles key players such as:

• AmerisourceBergen Corporation
• B. Braun Melsungen AG
• Arthrex Inc.
• DePuy Synthes (Johnson & Johnson)
• Orthomed (UK) Ltd
• Narang Medical Limited
• Integra LifeSciences
• Vimian Group AB
• Fusion Implants
• Veterinary Instrumentation.

The U.S. veterinary orthopedic implants market is segmented as follows:

By Animal Type

• Dogs
•  Cats

By Application

• TPLO
•  TTA

By Region

The U.S.

• Northeast
• Midwest
• South
• West