Veterinary Orthopedics Market by Product (Instruments, Implants), Application (Total Knee Replacement, Total Hip Replacement, Total Elbow Replacement), Animal Type (Companion, Livestock), End User (Hospitals, Clinics) - Global Forecast to 2027
The global veterinary orthopedics market is projected to reach USD 823.9 million by 2027 from USD 545.3 million in 2022, at a CAGR of 8.4% during the forecast period. Market is driven by factors such as growth in companion animal population, growing demand for pet insurance, and rising expenditure on animal healthcare. On the other hand, high cost of veterinary orthopedic devices and procedure is expected to restrain market growth to a some extent during the forecast period.
As per the North American Pet Health Insurance Association (NAPHIA),in 2019, the region's pet health insurance sector grew by 21%. Despite of pandemic related challenges, NAPHIA reported steady growth in its sector even in 2020. All of these variables are expected to drive the region's growth in veterinary orthopedics market during the forecast period.
Increasing obesity and arthritis in animals is expected to increase chances of orthopedic diseases in animals, which, in turn is expected to increase demand for implants and other orthopedic procedures which will offer several opportunities for the growth of global veterinary orthopedic market.
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“The implants accounted for the largest share in the veterinary orthopedics market, by product in 2021”
The veterinary orthopedics market, by product is segmented into instruments and implants. Implant segment is further segmented into plates, screws, and other implants. Plates segment is further categorized into Compression Plates, Arthrodesis plates and Acetabulum plates. In 2021, implant accounted for the largest share in the veterinary orthopedics market. However, instruments segment is expected to grow with highest CAGR during 2022 and 2027. Increasing number of specialised surgeries on animals and demand for high precision and accuracy surgical instruments like bone cutting forceps, bone files, bone rasps, and more is expected to drive the growth of instrument segment.
“Tibial Plateau Leveling Osteotomy (TPLO) segment accounted for the largest share in 2021, in veterinary orthopedics market, by application”
Based on application, the veterinary orthopedics market is segmented into total knee replacement, total hip replacement, total elbow replacement, trauma fixation, tibial plateau leveling osteotomy (TPLO), tibial tuberosity advancement (TTA), lateral fixation, and others. The tibial plateau leveling osteotomy (TPLO) segment accounted for the largest share in 2021, while tibial tuberosity advancement (TTA) segment is expected to grow at the fastest CAGR during 2022 to 2027. This can be attributed to the factors such as faster recovery compared to other veterinary orthopedic procedures and fewer complications.
“Companion animal segment accounted for the largest share in 2021 in veterinary orthopedic market, by animal type”
Based on animal type, the veterinary orthopedics market is segmented into companion animal and livestock animals. Companion animals is further sub- segmented into dogs, cats, horses and livestock animals is segmented into cattle and others. The companion animal segment accounted for the largest share in 2021 in veterinary orthopedics market, while livestock segment is expected to grow at the fastest CAGR during 2022 to 2027.This can be attributed to growth in companion animal population and growing healthcare expenditure on companion animal healthcare.
“Veterinary Hospitals and Clinics segment accounted for the largest share in 2021, in veterinary orthopedic market, by end user”
Based on end user, the veterinary orthopedics market is segmented into veterinary hospitals and clinics and others. The veterinary hospitals and clinics segment accounted for the largest share in 2021 in veterinary orthopedics market. This can be attributed to increasing number of private veterinary clinical practices and increasing investment in veterinary hospitals and clinics.
“APAC region accounted for the highest CAGR in veterinary orthopedics market during forecast period”
The global veterinary orthopedics market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is expected to gain major market share in 2021 for veterinary orthopedics market. The North America veterinary orthopedics market is being driven by increasing preference for companion animals, adoption of pet insurance, presence of key market players, and a well-established animal healthcare infrastructure. Asia-Pacific, on the other hand, will experience highest CAGR in the coming years due to the rising presence of local players, increasing livestock population, and expenditure on animal healthcare.
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Competitive Landscape
The veterinary orthopedics market is moderately competitive and consists of several major players. The key 5 – 7 major players currently dominate the market. The prominent market players in veterinary orthopedics market includes, B. Braun Melsungen AG (Germany); Movora (US); STERIS (US); DePuy Synthes (Johnson & Johnson) (US); AmerisourceBergen Corporation (US); Arthrex, Inc. (US); Surgical Holdings Veterinary (UK); Veterinary Instrumentation (UK); Integra LifeSciences Corporation (US); Narang Medical Limited (India), GerVetUSA (US), Ortho Max Manufacturing Company Pvt. Ltd. (India), Veterinary Orthopedic Implants (US), and Kyon AG (Switzerland)
Key Industry Development:
- In August 2021 Dassiet (US) and OrthoPets (US) entered into collaboration to manufacture sustainable, safe and user-friendly pet orthopedic products.
- In June 2022- TheraVet (Belgium) launched BIOCERA-VET product line. This product line offers ready to use bone surgery products for veterinary purpose.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 35%, Tier 2 - 40%, and Tier 3 - 25%
- By Designation: C-level - 20%, D-level - 30%, and Others - 50%
- By Region: Asia Pacific - 30%, North America - 27%, Europe - 25%, Latin America – 8% , and the Middle East & Africa – 10%
Lits of Companies Profiled in the Report:
- B. Braun Melsungen AG (Germany)
- Movora (US)
- STERIS (US)
- DePuy Synthes (Johnson & Johnson) (US)
- AmerisourceBergen Corporation (US)
- Arthrex, Inc. (US)
- Surgical Holdings Veterinary (UK)
- Veterinary Instrumentation (UK)
- Integra LifeSciences Corporation (US)
- Narang Medical Limited (India)
- GerVetUSA (US)
- Ortho Max Manufacturing Company Pvt. Ltd. (India)
- Veterinary Orthopedic Implants (US)
- Kyon AG (Switzerland)
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Scope of the Report
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|
Report Metric |
Details |
|
Market size available for years |
2021–2027 |
|
Base year considered |
2021 |
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Forecast period |
2022–2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Product, application, animal type, end user, and region |
|
Geographies covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
|
Companies covered |
B. Braun Melsungen AG (Germany); Movora (US); STERIS (US); DePuy Synthes (Johnson & Johnson) (US); AmerisourceBergen Corporation (US); Arthrex, Inc. (US); Surgical Holdings Veterinary (UK); Veterinary Instrumentation (UK); Integra LifeSciences Corporation (US); Narang Medical Limited (India), GerVetUSA (US), Ortho Max Manufacturing Company Pvt. Ltd. (India), Veterinary Orthopedic Implants (US), Kyon AG (Switzerland), and BioMedtrix, LLC (US). |
This report categorizes the veterinary orthopedics market into the following segments and subsegments:
By Product
- Instruments
- Implants
- Plates
- Compression Plates
- Arthrodesis plates
- Acetabulum plates
- Screws
- Others
By Application
- Total Knee Replacement
- Total Hip Replacement
- Total Elbow Replacement
- Trauma Fixation
- Tibial Plateau Leveling Osteotomy (TPLO)
- Tibial Tuberosity Advancement (TTA)
- Lateral Fixation
- Others
By Animal type
- Companion animals
- Dogs
- Cats
- Horses
- Livestock Animals
- Cattle
- Others
By End User
- Veterinary Hospitals and Clinics
- Other End Users
By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific (RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.1.1 SECONDARY SOURCES
2.1.1.1 KEY DATA FROM SECONDARY SOURCES
2.1.2 PRIMARY SOURCES
2.1.2.1 KEY DATA FROM PRIMARY SOURCES
2.1.2.2 BREAKDOWN OF PRIMARIES
2.2 MARKET SIZE ESTIMATION
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 MARKET SHARE ESTIMATION
2.5 ASSUMPTIONS FOR THE STUDY
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.3 INDUSTRY TRENDS
5.4 REGULATORY ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 TECHNOLOGY ANALYSIS
5.7 VALUE CHAIN ANALYSIS
5.8 PORTER’S FIVE FORCES ANALYSIS
5.9 PATENT ANALYSIS
5.10 SUPPLY CHAIN ANALYSIS
5.11 PRICING ANALYSIS
5.12 KEY CONFERENCES AND EVENTS (2022-2023)
5.13 KEY STAKEHOLDERS & BUYING CRITERIA
6 VETERINARY ORTHOPEDICS MARKET, BY PRODUCT, 2020-2027 (USD MILLION)
6.1 INTRODUCTION
6.2 IMPLANT
6.2.1 PLATES
6.2.1.1 COMPRESSION PLATES
6.2.1.2 ARTHRODESIS PLATES
6.2.1.3 ACETABULUM PLATES
6.2.2 SCREWS
6.2.3 OTHERS
6.3 INSTRUMENTS
7 VETERINARY ORTHOPEDICS MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
7.1 INTRODUCTION
7.2 TIBIAL PLATEAU LEVELLING OSTEOTOMY (TPLO)
7.3 TIBIAL TUBEROSITY ADVANCEMENT (TTA)
7.4 TOTAL KNEE REPLACEMENT
7.5 TOTAL HIP REPLACEMENT
7.6 TOTAL ELBOW REPLACEMENT
7.7 LATERAL FIXATION
7.8 TRAUMA FIXATION
7.9 OTHERS
8 VETERINARY ORTHOPEDICS MARKET, BY ANIMAL TYPE, 2020-2027 (USD MILLION)
8.1 INTRODUCTION
8.2 VETERINARY ORTHOPEDICS MARKET, BY COMPANION ANIMAL
8.2.1 DOGS
8.2.2 CATS
8.2.3 HORSES
8.2.4 OTHER COMPANION ANIMALS
8.3 VETERINARY ORTHOPEDICS MARKET, BY LIVESTOCK ANIMAL
8.3.1 CATTLE
8.3.2 OTHERS LIVESTOCK ANIMALS
9 VETERINARY ORTHOPEDICS MARKET, BY END USER, 2020-2027 (USD MILLION)
9.1 INTRODUCTION
9.2 VETERINARY HOSPITALS AND CLINICS
9.3 OTHERS
10 VETERINARY ORTHOPEDICS MARKET, BY COUNTRY/REGION, 2020-2027 (USD MILLION)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.3 EUROPE
10.3.1 UK
10.3.2 GERMANY
10.3.3 FRANCE
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 INDIA
10.4.4 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.5.1 BRAZIL
10.5.2 MEXICO
10.5.3 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPES
11.1 OVERVIEW
11.2 REVENUE SHARE ANALYSIS OF KEY PLAYERS (2021)
11.3 COMPETITIVE BENCHMARKING
11.4 MARKET SHARE/RANKING ANALYSIS, BY KEY PLAYERS (2021)
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.6 STARTUPS/SMES EVALUATION QUADRANT (2021)
11.6.1 PROGRESSIVE COMPANIES
11.6.2 STARTING BLOCKS
11.6.3 RESPONSIVE COMPANIES
11.6.4 DYNAMIC COMPANIES
11.7 COMPANY PRODUCT FOOTPRINT
11.8 COMPANY APPLICATION FOOTPRINT
11.9 COMPANY ANIMAL TYPE FOOTPRINT
11.10 COMPANY END USER FOOTPRINT
11.11 COMPANY GEOGRAPHY FOOTPRINT
11.12 COMPETITIVE SITUATION & TRENDS
12 COMPANY PROFILES
(Business Overview, Financials, Recent Developments, MnM View)
12.1 KEY PLAYERS
12.1.1 B. BRAUN MELSUNGEN AG
12.1.2 MOVORA
12.1.3 STERIS
12.1.4 DEPUY SYNTHES (JOHNSON & JOHNSON)
12.1.5 AMERISOURCEBERGEN CORPORATION
12.1.6 ARTHREX, INC.
12.1.7 SURGICAL HOLDINGS VETERINARY
12.1.8 VETERINARY INSTRUMENTATION
12.1.9 INTEGRA LIFESCIENCES CORPORATION
12.1.10 GERVETUSA
12.2 OTHER PLAYERS
12.2.1 ORTHO MAX MANUFACTURING COMPANY PVT. LTD.
12.2.2 INTEGRA LIFESCIENCES CORPORATION
12.2.3 VETERINARY ORTHOPEDIC IMPLANTS
12.2.4 KYON AG
12.2.5 BIOMEDTRIX, LLC
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
*The segmentation of the study can be updated during the course of the study based on primary insights and secondary research
*The list of companies mentioned above is indicative only and might change during the course of the study.
*Details on key financials might not be captured in case of unlisted companies.
This study involved four major activities in estimating the current size of the veterinary orthopedics market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments and subsegments' market size.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects.
The following is a breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the veterinary orthopedics market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research
- The revenues generated by leading players operating in the veterinary orthopedics market have been determined through primary and secondary research
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Veterinary orthopedics Market Size: Top-Down Approach
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Data Triangulation
After arriving at the overall market size applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, segment, and forecast the global veterinary orthopedics market by product, application, animal type, end user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies2
- To track and analyze company developments such as acquisitions, product launches and approvals, expansions, and other developments in the veterinary orthopedics market.
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
Geographic Analysis
- Further breakdown of the Rest of Asia Pacific veterinary orthopedics market into Australia, New Zealand, and other countries.
- Further breakdown of the Rest of Europe veterinary orthopedics market into Sweden, Poland, Switzerland, and other countries.
- Further breakdown of the Rest of Latin America veterinary orthopedics market into Argentina, Peru, Chile, and other countries.
Company profiles
- Company profiles of 15 players operating in the veterinary orthopedics Market.
Growth opportunities and latent adjacency in Veterinary Orthopedics Market