Veterinary Orthopedic Medicine Market Expected to Achieve 8.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the Veterinary Orthopedic Medicine Market Size By 2025?
In recent times, the market size of veterinary orthopedic medicine has shown robust growth. It is projected to swell from $3.69 billion in 2024 to $4.03 billion in 2025 with the compound annual growth rate (CAGR) pegged at 9.3%. Factors contributing to the growth during the historic period include the advent of regenerative medicine, the introduction of telemedicine, the rise in the number of professionals specializing in veterinary orthopedics, an increased acceptance of viscosupplementation products, and enhanced awareness about animal health.

How Big Is the Veterinary Orthopedic Medicine Market Size Expected to Grow by 2029?
The market for veterinary orthopedic medicine is anticipated to experience robust expansion in the coming years. The market is projected to reach $5.6 billion by 2029, representing a compound annual growth rate (CAGR) of 8.6%. Factors driving growth during this period include the increased instances of osteoarthritis, rising pet insurance adoption, high rates of obesity in pets, a surge in pet ownership, and escalating expenditures on pets. In the forecast period, the market trends to look out for are hybrid implants, state-of-the-art materials, regenerative medicine, 3D imaging, and computerized tomography (CT).

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Which Key Market Drivers Powering Veterinary Orthopedic Medicine Market Expansion and Growth?
The veterinary orthopedic medicine market is poised for growth, driven by the escalating cases of pet orthopedic disorders. Such disorders, which affect the musculoskeletal system of companion animals, predominantly dogs and cats, are on the rise. Breed susceptibilities, the climbing rates of pet obesity, lack of exercise, and poor nutrition are some of the contributing factors. Veterinary orthopedic treatments are vital in the diagnosis, treatment, and management of these pet diseases, providing pain relief, restoring mobility, and enhancing the pets' overall quality of life. A July 2024 report from the US-based nonprofit Morris Animal Foundation indicated that more than 14 million mature dogs in the US were suffering from osteoarthritis. The research also showed about 90% of cats aged 12 and above showed x-ray evidence of osteoarthritis, underlining the widespread occurrence of this ailment in elderly pets. The need for heightened awareness and advancements in treatment methods is brought to the fore by this data. Hence, the surge in pet orthopedic disorders is catalyzing the expansion of the veterinary orthopedic medicine market.

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Which Fast-Growing Trends Are Poised to Disrupt the Veterinary Orthopedic Medicine Market?
Leading firms in the veterinary orthopedic sector are heavily investing in groundbreaking technologies such as 3D printing labs for customized implants, regenerative treatments like stem cell and platelet-rich plasma (PRP) therapies, and advanced imaging techniques such as MRI and CT scans personalized for animal patients. A 3D Printing Lab for Pet Orthopedic Surgeries is a uniquely equipped center that leverages 3D printing technology to manufacture personalized implants, prosthetics, and surgical instruments meant for veterinary orthopedic procedures. For example, in October 2024, the VCA Animal Hospitals, a company based in the U.S. that provides top-tier veterinary care for pets, inaugurated their 3D printing lab at the VCA Northwest Veterinary Specialists site, situated in Clackamas, Oregon. This laboratory is designed to augment pet orthopedic surgeries using state-of-the-art 3D printing technology to produce customized implants and surgical guides suited to the exclusive anatomy of each pet. Given that around 20% of dogs over a year old and 80% of dogs aged over eight suffer from osteoarthritis, often requiring surgical intervention, this customized approach by the VCA aims to accelerate recuperation periods and heighten surgical results, tackling intricate orthopedic problems more efficiently than conventional techniques.

What Are the Emerging 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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Who Are the Global Leaders in the Veterinary Orthopedic Medicine Market?
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.

Which are the Top Profitable Regional Markets for the Veterinary Orthopedic Medicine Industry?
North America was the largest region in the veterinary orthopedic medicine market in 2024. 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.

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