Animal Ortho-Prosthetics Market Size, Share and Global Trend By Animal Type (Companion, Livestock), By Product (Braces, Prosthetics, Others), By End User (Veterinary Hospitals, Prosthetics Clinics, Veterinary Rehabilitation Centers) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
In March 2012, Integra LifeSciences launched a series of animal orthopaedic implants, Integra Miltex Veterinary Orthopedic Implant line with an aim to strengthen its veterinary product portfolio. From time immemorial, animals have proved to be very helpful to humans, hence the health of animals has always remained issues of great concern. Orthopedic disease is the main cause of lameness and pain among animals.
Prosthetics are defined as medical devices which are used to compensate for a missing or amputated such as a tooth, a facial bone, the palate, a joint and others. This initiative of the company was aimed at achieving higher productivity by reducing the production time by half leading to the growth of the ortho-prosthetics market.
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The rising prevalence of obesity among the pet population is expected to propel the growth of the global animal ortho-prosthetics market. Moreover, certain benefits offered by fabricated limbs such as robust prosthetic support and improved comfort levels are projected to boost the demand for the global animal ortho-prosthetics market by 2026.
Certain factors such as lack of availability of ortho-prosthetics in emerging nations are expected to hamper the growth of the global animal ortho-prosthetics market during the forecast period.
Key Players Covered
Some of the major companies that are present in the animal ortho-prosthetics market are OrthoPets LLC, Fusion Implants, Integra LifeSciences, Orthomed (UK) Ltd, BioMedtrix LLC, Veterinary Orthopedic Implants, EVEROST INC., KYON Pharma, Inc., and other players.
SEGMENTATION
SEGMENTATION | DETAILS |
By Animal Type | · Companion · Livestock |
By Product | · Braces · Prosthetics · Others |
By End User | · Veterinary Hospitals · Prosthetics Clinics · Veterinary Rehabilitation Centers · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation, prosthetics are projected to hold a considerable share of the global animal ortho-prosthetics market owing to higher utilization of prosthetics. Moreover, increasing prevalence of certain factors such as trauma, diseases, and congenital diseases amongst animals is anticipated to offer higher CAGR for prosthetics by 2026.
Key Insights
- The regulatory scenario for key countries
- New product introductions by key players
- Recent industry developments such as partnerships, mergers, and acquisitions
Regional Analysis
In North America, the global animal ortho-prosthetics market is projected to expand, due to major factors such as higher availability of therapeutic options for animals, greater awareness regarding ortho-prosthetics, the presence of major market players, and growing animal healthcare expenditure. According to American Animal Hospital Association (AAHA) around 40% to 50% of the total dogs are overweight and 25% of dogs to be obese in 2017 in the U.S. Thus, the increasing percentage of obese dogs is expected to drive the growth of the ortho-prosthetics market in the region. Asia Pacific is expected to grow at a significant CAGR over the forecast period, owing to the rising pet population, increasing awareness, and the rising number of veterinary practitioners in emerging countries.
Key Industry Developments
- In March 2012, Integra LifeSciences launched a series of animal orthopaedic implants, Integra Miltex Veterinary Orthopedic Implant line with an aim to strengthen its veterinary product portfolio.
- In 2019, one of the significant player BioMedtrix, LLC, announced its strategic partnership with Laboratorios Macrimasa-Vet with an aim to strengthen its distribution network in Spain.
- Ongoing
- 2023
- 2019-2022
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