Veterinary Orthopedic Implants Market Size, Share, And Growth Report 2032

Veterinary Orthopedic Implants Market Size

The global veterinary orthopedic implants market size was worth around USD 6.06 billion in 2023 and is predicted to grow to around USD 11.72 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.6% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the veterinary orthopedic implants market on a global and regional level.

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Veterinary Orthopedic Implants Market: Overview

The veterinary orthopedic implants market is going to witness an upsurge in its business due to various driving factors; the chief factor being the increased number of companion animals including horses & service animals and pet animals. The rise in the animal racing competitions has also boosted the veterinary orthopedic implants market. Increasing animal healthcare expenditure has chiefly accelerated the veterinary orthopedic implants market. Over a period of time, there have been various advancements in the treatment methodology especially on the type of treatment given for veterinary orthopedic injuries. Increase in the number of veterinary doctors, upsurge in the vigilance about animal health, and the pet adoption rate has boosted the veterinary orthopedic implants market. However, high charges of pet care, the introduction of progressive veterinary orthopedic implants, and lack of veterinary practitioners may restrain the veterinary orthopedic implants market.

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Veterinary Orthopedic Implants Market: Segmentation

The veterinary orthopedic implants market is bifurcated into product type, end users, and regions.

Based on product type, the veterinary orthopedic implants market is classified into plates, screws, jigs, pins & wires, etc. The plates segment is further classified into compression plates, L–plates, T–plates, arthrodesis plates, acetabulum plates, bending iron, and others. The compression plates segment is anticipated to dominate the veterinary orthopedic implants market in the forecast period.

Based on end user, veterinary orthopedic implants market is segmented into veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment accounted for the major market share in 2023.

Veterinary Orthopedic Implants Market: Report Scope

Veterinary Orthopedic Implants Market: Regional Analysis

North America is expected to lead the veterinary orthopedic implants market over the forecast period with a 37% registered in 2018, which is closely followed by Europe. This is due to more number of people opting for companion and pet animals in these regions and more animal healthcare expenditure. The Asia Pacific probably will be experiencing a rapid change in the compound annual growth rate. Latin America and the Middle East and Africa are expected to develop at a considerable pace in the near future.

Veterinary Orthopedic Implants Market: Competitive Players

The key players of veterinary orthopedic implants market include:

• KYON Pharma Inc.
• Vet Implants
• Everost Inc.
• Integra LifeSciences
• BioMedtrix LLC.
• Among others.

The Global Veterinary Orthopedic Implants Market is segmented as follows:

Global Veterinary Orthopedic Implants Market: Product Type Segment Analysis

• Plates
  • Compression Plates
  • L – Plates
  • T – Plates
  • Arthrodesis Plates
  • Acetabulum Plates
  • Bending Iron
  • Others
• Screws
• Jigs
• Pins & Wires

Global Veterinary Orthopedic Implants Market: End-User Segment Analysis

• Veterinary Hospitals
• Veterinary Clinics
• Others

Global Veterinary Orthopedic Implants Market: Regional Segment Analysis 

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa