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
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 477.31 Million |
| Revenue Forecast In 2031 | USD 826.2 Million |
| Growth Rate CAGR | CAGR of 7.4 % from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million, Volume (Unit), and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Product Type, By Animal Type |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| 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 |
| 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 |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
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,
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.