Veterinary Ortho-Prosthetics Market Analysis

Veterinary Ortho-Prosthetics Market Analysis

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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.