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The Veterinary Orthopedic Devices Market Size is valued at USD 477.31 Million in 2023 and is predicted to reach USD 826.2 Million by the year 2031 at a 7.4 % CAGR during the forecast period for 2024-2031.
Veterinary orthopedic devices are used to treat several orthopedic conditions, including healing broken bones and joints in animals that might restrict their mobility and cause abnormal movement. Growth in the companion animal population, rising demand for pet insurance, an increasing number of veterinary practitioners in developed economies, and growing disease control & disease prevention measures are some of the key factors driving the veterinary orthopedic devices market. For instance, as per the American Veterinary Medical Association (AMVA), around 110,000 veterinary practitioners were practicing in the U.S in 2017 as compared to around 107,000 in 2016.
Furthermore, increasing ownership of companion animals and the willingness of pet owners to spend on the health of their pets create a considerable demand for orthopedics devices and subsequent market demand. On the other side, the high cost of surgeries and lack of animal health awareness may restrain the market's growth.
The Global Veterinary orthopedic devices market is segmented on the basis of product, animal type, end-users, and region. The market is divided into pins, screws, screwdrivers, trocars, veterinary bone plates, and others based on the product. On the basis of animal type, the market is divided into dog, cat, horse, and others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. North America accounted for the largest share of the market in 2019, followed by Europe and the Asia Pacific. On the other hand, the Asia Pacific is projected to have the highest growth rate during the forecast period
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 477.31 Million |
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Revenue Forecast In 2031 |
USD 826.2 Million |
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Growth Rate CAGR |
CAGR of 7.4 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million, Volume (Unit), and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, By Animal Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Orthomed (UK) Ltd, Securos Europe GmbH, Veterinary Implants Direct, SCIL animal care company GmbH, NGD (NEW GENERATION DEVICES), Jeil Medical Corporation, Gruppo Bioimpianti, Eickemeyer Veterinary Equipment Ltd., Génia, Vygon Vet, KYON AG, and Others |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Veterinary Orthopedic Devices Market Snapshot
Chapter 4. Global Veterinary Orthopedic Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Penetration & Growth Prospect Mapping
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Technology Advancement in Aesthetic Industry
4.9. Key Trends in the Market
4.10. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: Product Estimates & Trend Analysis
5.1. Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following Product:
5.2.1. Pins
5.2.2. Screws
5.2.3. Screwdriver
5.2.4. Trocars
5.2.5. Veterinary Bone Plates
5.2.6. Other
Chapter 6. Veterinary Orthopedic Devices Market Segmentation 2: Animal Type Estimates & Trend Analysis
6.1. End-user/application Analysis & Market Share, 2019 & 2031
6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following Animal Type:
6.2.1.Dog
6.2.2.Cat
6.2.3.Horse
6.2.4.Others
Chapter 7. Veterinary Orthopedic Devices Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product, 2019-2031
7.1.2. North America Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Animal Type, 2019-2031
7.1.3. North America Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2019-2031
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product, 2019-2031
7.2.2. Europe Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Animal Type, 2019-2031
7.2.3. Europe Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) by country, 2019-2031
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. UK
7.2.3.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product, 2019-2031
7.3.2. Asia Pacific Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Animal Type, 2019-2031
7.3.3. Asia Pacific Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) by country, 2019-2031
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product, 2019-2031
7.4.2. Latin America Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Animal Type, 2019-2031
7.4.3. Latin America Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2019-2031
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. MEA
7.5.1. MEA Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Product, 2019-2031
7.5.2. MEA Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by Animal Type, 2019-2031
7.5.3. MEA revenue Veterinary Orthopedic Devices Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2019-2031
7.5.3.1. South Africa
7.5.3.2. Rest of MEA
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Orthomed (UK) Ltd
8.2.2. Securos Europe GmbH
8.2.3. Veterinary Implants Direct
8.2.4. scil animal care company GmbH
8.2.5. NGD (NEW GENERATION DEVICES)
8.2.6. Jeil Medical Corporation
8.2.7. Gruppo Bioimpianti
8.2.8. Eickemeyer Veterinary Equipment Ltd.
8.2.9. Génia
8.2.10. Vygon Vet
8.2.11. KYON AG
8.2.12. List of Other Prominent Players
Global Veterinary Orthopedic Devices Market Revenue (US$ Mn), by Product Type,
Global Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Animal Type,
Global Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Region,
North America Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Country,
Europe Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Country,
Asia Pacific Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Country,
Latin America Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Country,
Middle East & Africa Veterinary Orthopedic Devices Market Revenue (US$ Mn), By Country,
The Global Veterinary Orthopedics market size was valued at US$ 634.26 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.27% from 2022 to 2030. Veterinary orthopedic devices are used to treat several orthopedic conditions, including healing broken bones and joints in animals that might restrict their mobility and cause abnormal movement.
Growth in the companion animal population, rising demand for pet insurance, an increasing number of veterinary practitioners in developed economies, and growing disease control & disease prevention measures are some of the key factors driving the veterinary orthopedic devices market. For instance, as per the American Veterinary Medical Association (AMVA), around 110,000 veterinary practitioners were practicing in the U.S in 2017 as compared to around 107,000 in 2016.
Furthermore, increasing ownership of companion animals and the willingness of pet owners to spend on the health of their pets create a considerable demand for orthopedics devices and subsequent market demand. On the other side, the high cost of surgeries and lack of animal health awareness may restrain the market's growth.
The Global Veterinary orthopedic devices market is segmented on the basis of product, animal type, end-users, and region. The market is divided into pins, screws, screwdrivers, trocars, veterinary bone plates, and others based on the product. On the basis of animal type, the market is divided into dog, cat, horse, and others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. North America accounted for the largest share of the market in 2019, followed by Europe and the Asia Pacific. On the other hand, the Asia Pacific is projected to have the highest growth rate during the forecast period
The key players of this market include Orthomed (UK) Ltd, Securos Europe GmbH, Veterinary Implants Direct, SCIL animal care company GmbH, NGD (NEW GENERATION DEVICES), Jeil Medical Corporation, Gruppo Bioimpianti, Eickemeyer Veterinary Equipment Ltd., Génia, Vygon Vet and KYON AG among others.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
