Veterinary Orthopedic Implants Market size is anticipated to expand at a significant rate over 2023-2032 led by the rising rate of pet adoption worldwide.
The need for veterinary orthopedic implants, in recent years, has drastically increased with the rising incidences of arthritis and fractures in pets. Osteoarthritis (OA) is one of the common causes of chronic pains in dogs. As per the Canine Arthritis Management, the prevalence of OA in dogs above the age of 8 years is 80% and has reached 35%.
The growing concerns associated with fractures and skeletal injuries in juvenile pets will also escalate the need for veterinary orthopedic implants. Typically, juvenile dogs are seven times more prone to fractures as compared to adult dogs. The increasing incidences of orthopedic disorders in animals is expected to drive the demand for advanced pet care, further complimenting the industry dynamics.
The emergence of the COVID-19 pandemic also accelerated pet parenting trends across developed and developing economies. According to the American Pet Products Association, approximately 9 billion dogs were adopted by American households at the beginning of the pandemic, pushing the U.S. feline population to 79 million.
Based on product, the demand for trauma fixation implants will gain significant traction in veterinary care through 2032 owing to technological advancements in antimicrobial implants. High-performance trauma fixation devices eliminate post-surgery complications and help increase the procedural outcome. The rising incidences of fractures in pets will further influence veterinary orthopedic implants market growth.
On the basis of material, the veterinary orthopedic implants industry will witness lucrative expansion from the titanium segment through 2032. Titanium-based implants offer biocompatibility and can effectively withstand sheer. To that end, several manufacturers are developing innovative titanium implants that are lighter in weight as compared to other materials. Moreover, the ease of availability and affordability will also accelerate the use of titanium in the production of orthopedic implants.
In terms of end-use, the industry share from veterinary hospitals is expected to expand over 2032. Rising investments in pet care infrastructure will foster segment growth. Pet owners are increasingly preferring veterinary hospitals for all pet care needs since they are fully equipped with both technology and skilled personnel. For instance, in December 2022, the Government of India announced the launch of the Livestock Health & Disease Control Program (LHDCP) to strengthen veterinary infrastructure and disease surveillance.
Regionally, the U.S. veterinary orthopedic implants market size is poised to register notable revenue gains by 2032 owing to the high rate of pet adoption. The U.S. has a robust footprint of veterinary clinics and a large population of expert personnel. Rising disposable income has made way for extensive pet care expenditure along with a solid need for advanced pet care services in the country. According to AVMA Pet Ownership & Demographics Sourcebook, the number of American households with at least one cat increased from 26% in 2020 to 29% in 2022.
The competitive landscape of the veterinary orthopedic implants market includes B. Braun Vet Care, Fusion Implants, BioMedtrix, Orthomed, and Veterinary Orthopedic Implants. These companies are designing novel products to provide advanced pet care.