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Veterinary Regenerative Medicine Market - By Animal Type (Companion, Livestock), Product Type (Stem Cell, [Autologous, Allogenic], Biological Therapy [PRP, GF], Tissue Engineering), Application (Orthopedic, Wound), End-user – Global Forecast (2024 – 2032)
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Veterinary Regenerative Medicine Market
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Premium Report Details
Base Year: 2023
Companies covered: 13
Tables & Figures: 350
Countries covered: 22
Pages: 180
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Veterinary Regenerative Medicine Market Size
Veterinary Regenerative Medicine Market size was valued at USD 265.5 million in 2023 and is estimated to grow at 9.9% CAGR from 2024 to 2032, due to the increasing prevalence of chronic and degenerative diseases in animals. Conditions such as osteoarthritis, ligament injuries, and other age-related disorders are becoming more common in both companion and livestock animals.
For instance, according to the Companion Animal Health report, Osteoarthritis accounts for at least 80% of lameness and joint disease cases in companion animals. While osteoarthritis is often linked with older animals, a recent study on its prevalence and clinical signs in young dogs (aged 8 months to 4 years) revealed that 39.8% of these animals exhibited radiographic signs of osteoarthritis in at least one joint.
This highlighted the significant impact of osteoarthritis across various age groups in companion animals, underscoring the need for effective treatments and early intervention strategies. Moreover, growing awareness among pet owners and farmers about advanced treatment options drives demand for regenerative medicine, thereby fostering the market growth.
Veterinary regenerative medicine refers to the commercial development and application of advanced therapies to tissue repair, replace, or regenerate damaged tissues and organs in animals. This field utilizes cutting-edge techniques such as stem cell therapy, biological therapy includes platelet-rich plasma (PRP), growth factors, and tissue engineering to treat various conditions, including orthopedic injuries, soft tissue damage, and chronic diseases.
Veterinary Regenerative Medicine Market Trends
Innovations in stem cell research, tissue engineering, and biologics are significantly enhancing the capabilities and applications of regenerative medicine, leading to more effective and targeted treatments, thereby expanding the market growth in coming years.
Veterinary Regenerative Medicine Market Analysis
Based on the animal type, the market is categorized as companion animals and livestock animals. The companion animal segment is set to lead the market, accounting for the largest revenue of USD 158.9 million in 2023, anticipating its dominance throughout the forecast period with a CAGR of 9.8%.
Based on product type, the veterinary regenerative medicine market is classified into stem cell therapy, biological therapy, and tissue engineering. The stem cell therapy segment holds the largest market share of 60.9% in 2023 and is expected to maintain dominance throughout the analysis period.
Based on the application, the veterinary regenerative medicine market is segmented into orthopedics, trauma/ wound care, and other applications. The orthopedics segment is projected to reach USD 278.1 million by 2032.
Based on the end-user, the veterinary regenerative medicine market is segmented into veterinary hospitals, veterinary clinics, and academics and research institutes. The veterinary hospitals segment dominated the market with the highest share in 2023.
The U.S. dominated the North American veterinary regenerative medicine market accounting for USD 111.3 million in 2023 and is anticipated to show considerable growth over the analysis period.
Germany exhibited a high growth potential in the European veterinary regenerative medicine market.
The Asia Pacific veterinary regenerative medicine market is poised for rapid growth with a CAGR of 10.4% during the forecast period.
Veterinary Regenerative Medicine Market Share
The competitive landscape of the veterinary regenerative medicine industry is characterized by numerous established players striving to capitalize on the growing demand for advanced animal healthcare solutions. Key players are dominating the market with their diverse portfolio of regenerative therapies and strong distribution networks. Also, collaborations between academic institutions and industry players for R&D further intensify competition. Furthermore, emerging startups are also making significant strides, leveraging innovative technologies and strategic partnerships to gain traction in this evolving market landscape.
Veterinary Regenerative Medicine Market Companies
Few of the prominent players operating in the veterinary regenerative medicine industry include:
Veterinary Regenerative Medicine Industry News:
The veterinary regenerative medicine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Animal Type
Market, By Product Type
Market, By Application
Market, By End-user
The above information is provided for the following regions and countries: