Veterinary Orthopedic Devices Market Supporting Animal Mobility: Growth Prospects

Veterinary Orthopedic Devices Market Assessment worth $ 1.26 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Veterinary Orthopedic Devices Market- by Product Type (Pins, Screws, Screwdrivers, Trocars, Veterinary Bone Plates, and Others), Animal Type (Dog, Cat, Horse, and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Veterinary Orthopedic Devices market is valued at US$ 634.26 Million in 2021, and it is expected to reach US$ 1260.78 Million by 2030, with a CAGR of 8.27% during a forecast period of 2024-2031.

The Rise of Veterinary Orthopedic Devices
Veterinary orthopedic devices play a crucial role in treating various musculoskeletal conditions in animals. These conditions, such as fractured bones and joint issues, can significantly limit an animal's mobility and cause abnormal movement. Osteoarthritis, a common problem in pets, is often linked to obesity and can complicate surgical procedures.

Market Growth Drivers

Several factors are fueling the growth of the veterinary orthopedic devices market:
• Rising Demand for Veterinary Services: The increasing number of pet owners, coupled with their growing willingness to invest in their pets' well-being, is driving the demand for veterinary services, including orthopedic procedures.

• Focus on Smaller Animals: The growing popularity of treating smaller animals with advanced veterinary techniques is creating a demand for specialized orthopedic devices suited for their size.

• Technological Advancements: Continuous advancements in veterinary medical technology are leading to the development of new and improved orthopedic devices, offering more effective solutions for animal surgeries.

• Modernization of Veterinary Infrastructure: The ongoing modernization of veterinary healthcare infrastructure, including clinics equipped with the latest technology and staffed by highly skilled professionals, is creating a favorable environment for the use of advanced veterinary orthopedic devices.
Potential Challenges

Despite the positive growth factors, the market also faces some challenges:
• High Cost of Procedures: The high cost of veterinary orthopedic surgeries can be a barrier for some pet owners, hindering market growth in certain regions.

• Limited Awareness in Developing Nations: A lack of general pet health awareness in developing nations can restrict the adoption of advanced veterinary procedures and devices.

Looking Ahead
The veterinary orthopedic devices market is expected to experience continued growth due to the increasing demand for improved pet care, technological advancements, and infrastructural upgrades in veterinary clinics. However, addressing the challenges of affordability and pet health education, particularly in developing regions, will be crucial for further market expansion.

North America is anticipated to be the major contributor to the Veterinary Orthopedic Devices market over the forecast years. The market for veterinary orthopedics devices is anticipated to expand over the forecast period due to the increased prevalence of pet obesity. Significant players and a well-established healthcare infrastructure are other factors influencing the North American market for veterinary orthopedics.

In addition, the Asia Pacific Veterinary Orthopedic Devices market is expected to grow significantly during the forecast period due to rising veterinary treatment costs and an increase in pet owners in nations like China and India. The Asia-Pacific region is expected to have the quickest growth in the veterinary orthopedics devices market over the next few years due to factors including rising pet expenses, pet modification, and the presence of companies in the veterinary orthopedics devices market.

Major market players operating in the Veterinary Orthopedic Devices 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.

Recent collaborations and agreements in the market:
• In March 2020, Fidelio Capital purchased BioMedtrix, LLC and combined it with Movora Company.

• In October 2019, The purchase of Veterinary Orthopedic Implants by Fidelio Capital finally resulted in the establishment of Movora Company.

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Market Segments
Global Veterinary Orthopedic Devices Market, by Product Type, 2022-2030 (Value US$ Mn)
• Pins
• Screws
• Screwdrivers
• Trocars
• Veterinary Bone Plates
• Other

Global Veterinary Orthopedic Devices Market, by Animal Type, 2022-2030 (Value US$ Mn)
• Dog
• Cat
• Horse
• Others

Global Veterinary Orthopedic Devices Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Veterinary Orthopedic Devices Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Veterinary Orthopedic Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Veterinary Orthopedic Devices Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Veterinary Orthopedic Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Veterinary Orthopedic Devices Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Veterinary Orthopedic Devices market
 To receive an industry overview and future trends in the Veterinary Orthopedic Devices market
 To analyze the Veterinary Orthopedic Devices market drivers and challenges
 To get information on the Veterinary Orthopedic Devices market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Veterinary Orthopedic Devices market industry

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