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Evolving Market Trends In The Veterinary Orthopedic Medicine Industry: Advancements in Veterinary Orthopedic Medicine: Major Companies Invest in 3D Printing, Regenerative Therapies, and Personalized Care
Veterinary Orthopedic Medicine
What Is the Expected Veterinary Orthopedic Medicine Market Size During the Forecast Period?
The veterinary orthopedic medicine market has experienced significant growth in recent years. It is projected to rise from $3.69 billion in 2024 to $4.04 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.5%. This expansion is largely due to the development of regenerative medicine, integration of telemedicine, an increasing number of veterinary orthopedic specialists, a rise in the adoption of viscosupplementation products, and growing awareness of animal health.
The veterinary orthopedic medicine market is projected to grow to $5.74 billion by 2029 at a CAGR of 9.2%. The growth is driven by the increasing prevalence of osteoarthritis, more pet insurance adoption, high obesity rates in companion animals, rising pet ownership, and increasing pet-related expenditures. Key trends include hybrid implants, advanced materials, regenerative medicine, 3D imaging, and CT technology.
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What Are the High-Growth Segments in the Veterinary Orthopedic Medicine Market?
The veterinary orthopedic medicine market covered in this report is segmented -
1) By Product: Biologics, Viscosupplements, Pharmaceuticals
2) By Animal Type: Canine, Feline, Equine, Cattle, Swine, Other Animal Types
3) By Application: Osteoarthritis, Degenerative Joint Disease, Joint Inflammation Or Pain, Other Applications
4) By End-use: Veterinary Hospitals, Veterinary Clinics, Other End Users
Subsegments:
1) By Biologics: Platelet-Rich Plasma (PRP), Stem Cell Therapy, Bone Marrow Aspirate Concentrate (BMAC), Viscosupplements
2) By Viscosupplements: Hyaluronic Acid, Corticosteroid Injections
3) By Pharmaceuticals: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Analgesics, Antibiotics
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What Key Drivers Are Expected to Influence Future Veterinary Orthopedic Medicine Market Growth?
The growing occurrence of pet orthopedic diseases is anticipated to drive the growth of the veterinary orthopedic medicine market in the future. These diseases, affecting the musculoskeletal systems of companion animals, especially dogs and cats, are becoming more common due to factors such as breed predispositions, rising obesity rates, and environmental influences like insufficient exercise and poor nutrition. Veterinary orthopedic medicine plays an essential role in diagnosing, treating, and managing these conditions, aiming to reduce pain, restore mobility, and improve pets' overall quality of life. For example, in July 2024, the Morris Animal Foundation reported that over 14 million adult dogs in the United States suffer from osteoarthritis, and about 90% of cats over 12 years old show radiographic signs of osteoarthritis. This underscores the rising prevalence of such conditions and the increasing need for effective treatment options.
Which Companies Hold the Largest Share Across Different Veterinary Orthopedic Medicine Market Segments?
Major companies operating in the veterinary orthopedic medicine market are AmerisourceBergen Corporation, Johnson & Johnson, EVEROST Inc., Zoetis Inc., Elanco Animal Health, Integra lifesciences, Ceva Sante Animale, Virbac SA, STERIS Animal Health, Merck Animal Health (Merck & Co. Inc.), Veterinary Orthopedic Implants, American Regent, Bimeda U.S., B. Braun Melsungen AG, Coveto SA, Biogenesis Bago, Vetoquinol S.A., Avante Animal Health, Hyalogic LLC, Hester Biosciences, Petline Sa, Sklar Instruments, GerMedUSA, RWD Life Science, Orthomed (UK) Ltd., BioMedtrix LLC, IMEX Veterinary Inc.
What Are the Major Trends Shaping the Veterinary Orthopedic Medicine Market?
Companies in the veterinary orthopedic medicine market are investing in technologies like 3D printing for custom implants and advanced imaging techniques. In October 2024, VCA Animal Hospitals launched a 3D printing lab at its facility in Oregon, which will create custom implants for pets undergoing orthopedic surgeries, promoting faster recovery and better surgical outcomes.
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What Are the Emerging Geographies for The Veterinary Orthopedic Medicine Market Growth?
North America was the largest region in the veterinary orthopedic medicine market in 2023. The regions covered in the veterinary orthopedic medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Orthopedic Medicine Market?
2. What is the CAGR expected in the Veterinary Orthopedic Medicine Market?
3. What Are the Key Innovations Transforming the Veterinary Orthopedic Medicine Industry?
4. Which Region Is Leading the Veterinary Orthopedic Medicine Market?
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