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Veterinary Ortho-Prosthetics Market was estimated to be around USD 49.7 million in 2023 and is projected to a CAGR of 9.1% up to 2032 due to the rising ownership of companion animals, increasing adoption of pet insurance in developed countries, high prevalence of obesity in companion animals, increasing number of veterinary orthopedic specialists, and technological advancements in orthotics & prosthetics.
Veterinary ortho-prosthetics refers to the specialized field of veterinary medicine that focuses on the design, fabrication, and fitting of custom orthotic and prosthetic devices for animals. It involves the use of orthopedic and prosthetic principles and techniques to help animals with limb or joint injuries, congenital deformities, amputations, or other conditions that affect their mobility and quality of life.
Report Attribute | Details |
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Base Year: | 2023 |
Veterinary Ortho-Prosthetics Market Size in 2023: | USD 49.7 million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 9.1% |
2032 Value Projection: | USD 109 Million |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 205 |
Tables, Charts & Figures: | 352 |
Segments covered: | Product, Technique, Animal type, End-user, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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COVID-19 had a mixed impact on the market. During the pandemic, travel restrictions and lockdowns were imposed, resulting in the reduction and cancellation of appointments at veterinary clinics and hospitals. The severe cases were only allowed to visit veterinary clinics, which had an adverse effect on this market. Other than this, due to travel restrictions, the eating habits and level of exercise of the pets were influenced, leading to the increasing prevalence of obesity in companion animals. This resulted in soft tissue damage and osteoarthritis, increasing the demand for ortho-prosthetics for animals.
The rising pet ownerships in developing countries is one of the major factors influencing the veterinary ortho-prosthetics market. For instance, according to the paper on China’s Pet Industry, in 2021, 91.47 million households have pets. With the increasing pet population, there is an increase in awareness about animal health and increase in adoption of pet insurance. According to the North American Pet Health Insurance Association (NAPHIA), by the end of 2021, the total number of pets insured was around 3.9 million.
Factors such as technological advancements in ortho-prosthetics, the increasing number of veterinary orthopedic specialists, high prevalence of obesity in companion animals and increasing animal healthcare expenditure.
Based on product, the veterinary ortho-prosthetics market is segmented into prosthetics and orthotics. The prosthetics segment was valued at around USD 27.4 million in 2022. Animal prosthetics offer several advantages over other products and are considered a great alternative to surgical procedures and for post-surgery recovery. It improves the quality of life and prevents secondary health issues that can be caused by limb disabilities. Considering the advantages of prosthetics and technological advancements in veterinary ortho-prosthetics.
Based on technique, the veterinary ortho-prosthetics market is classified into 3D printing and molding. The 3D printing segment will witness significant expansion at a CAGR of 9.4% by 2032. 3D printing offers increased customization, design flexibility, rapid prototyping, and cost-effectiveness, making it a valuable tool in the field of veterinary ortho-prosthetics. These advantages, along with enabling better outcomes for animal patients in need of these specialized devices collectively.
Based on animal type, the veterinary ortho-prosthetics market is subdivided into companion animals and livestock animals. The companion animal segment is further classified into dogs, cats, horses, and other companion animals. The companion animal segment accounted for the largest market share of 81.5%, in 2022. The development is attributed to factors such as the rising ownership of pets in developed and developing countries, the high prevalence of obesity in companion animals like cats and dogs, increasing adoption of pet insurance, and the increasing demand for effective treatment options to treat limb, joint injuries, or disabilities in pets.
On the basis end-user, the global veterinary ortho-prosthetics market is classified into veterinary hospitals, veterinary orthopedic clinics, and veterinary rehabilitation centres. In 2022, the veterinary hospital segment accounted for the highest market share of 43.8% in this industry. The increasing prevalence of animal diseases like obesity, injuries, joint displacements, or disabilities, growing number of insured pets and increasing awareness and demand for effective treatment.
Based on region, In 2022, North America veterinary ortho-prosthetics market held the highest revenue share, and it is expected to reach USD 50.1 million by 2032. This is due to higher accessibility and awareness about veterinary ortho-prosthetics, rapidly growing pet ownerships, obesity in animals, and increasing animal healthcare expenditure. Asia Pacific industry will witness progression at the highest CAGR of 10.3% by 2032 because of the rising animal adoption and rising focus on animal health.
The prominent players in veterinary ortho-prosthetics market are
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By Product
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By Animal Type
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The above information is provided for the following regions and countries: