Veterinary Orthopedic Medicine Market to Grow with a CAGR of 7.82% through 2029

Rising prevalence of orthopedic disorders among animals is expected to drive the Global Veterinary Orthopedic Medicine Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Veterinary Orthopedic Medicine Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Veterinary Orthopedic Medicine Market stood at USD 3.73 Billion in 2023 and is anticipated to grow with a CAGR of 7.82% in the forecast period through 2029. One of the primary drivers fueling the growth of the global veterinary orthopedic medicine market is the rising pet ownership rates worldwide. As more individuals welcome pets into their families, the demand for veterinary healthcare services, including orthopedic medicine, continues to grow. Pets are increasingly being considered as members of the family, leading to a greater willingness among pet owners to invest in advanced treatments to ensure the health and well-being of their furry companions.

Another significant driver contributing to the growth of the veterinary orthopedic medicine market is the increasing awareness about animal health. Pet owners are becoming more educated about the importance of preventive healthcare and early intervention in addressing musculoskeletal issues in animals. This heightened awareness has led to a growing demand for orthopedic procedures and treatments to alleviate pain, improve mobility, and enhance the quality of life for pets suffering from orthopedic conditions.

The continuous advancements in veterinary orthopedic procedures and technologies are driving innovation in the market. Minimally invasive surgical techniques, advanced imaging modalities such as MRI and CT scans, and the integration of 3D printing technology for customized implants are revolutionizing the field of veterinary orthopedics. These advancements not only enable more precise diagnosis and treatment planning but also result in better outcomes and shorter recovery times for animals undergoing orthopedic procedures.

The rising prevalence of orthopedic disorders among animals is also a key driver boosting the demand for veterinary orthopedic medicine. Factors such as aging pet populations, obesity, genetic predispositions, and increased athletic activities contribute to the growing incidence of orthopedic conditions in animals. Common orthopedic disorders in animals include osteoarthritis, cruciate ligament injuries, hip dysplasia, and fractures. As the incidence of these conditions continues to rise, there is a corresponding increase in the demand for orthopedic treatments and interventions to address them.

While companion animals dominate the veterinary orthopedic medicine market, there is also a growing focus on addressing musculoskeletal issues in livestock. Livestock producers are increasingly recognizing the importance of maintaining the health and welfare of their animals to ensure optimal productivity and profitability. Orthopedic conditions such as lameness in cattle, pigs, and poultry can have significant economic implications for livestock producers. Consequently, there is a growing demand for orthopedic treatments and interventions aimed at improving the musculoskeletal health of livestock animals.

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The Global Veterinary Orthopedic Medicine Market is segmented into Product Type, Animal type, Route of Administration, End Use, Regional Distribution, and Company.

Based on the Product Type, Pharmaceuticals emerged as the dominant segment in the Global Veterinary Orthopedic Medicine Market in 2023. Pharmaceuticals play a crucial role in the management of orthopedic pain and inflammation in animals. Nonsteroidal anti-inflammatory drugs (NSAIDs), analgesics, and other pain management medications are commonly prescribed to alleviate pain and discomfort associated with orthopedic injuries, arthritis, and post-operative recovery. These medications help improve the quality of life for animals by reducing pain and improving mobility.

Viscosupplementation, a technique involving the injection of a gel-like substance into joints to improve lubrication and reduce pain, is poised to dominate in the global veterinary orthopedic medicine market in the forecast period. This is due to the rising awareness among pet owners about the importance of maintaining their pets' mobility and quality of life has led to an increased demand for advanced orthopedic treatments. Viscosupplements offer a minimally invasive yet effective solution for managing joint disorders such as osteoarthritis in companion animals, enhancing their mobility and comfort.

Major companies operating in Global Veterinary Orthopedic Medicine Market are:

• Enso Discoveries, LLC
• Zoetis, Inc.
• Boehringer Ingelheim International GmbH
• Elanco Animal Health Inc
• Biogenesis Bago SA
• American Regent, Inc..
• Merck & Co., Inc.
• Vetoquinol S.A.
• Ceva Santé Animale
• Virbac S.A.

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“The Global Veterinary Orthopedic Medicine Market is poised for significant growth in the coming years. Anticipated advancements in regenerative medicine, such as stem cell therapy and platelet-rich plasma treatments, offer promising alternatives to traditional surgical interventions, leading to increased demand and adoption of veterinary orthopedic medicine. The rise in pet ownership rates worldwide, coupled with growing awareness of animal health and welfare, is expected to fuel the demand for advanced orthopedic care for companion animals.  Technological advancements in minimally invasive surgical techniques and medical imaging modalities are enhancing treatment options and improving patient outcomes. Strategic partnerships, acquisitions, and collaborations among industry players are likely to stimulate innovation and drive market growth”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Veterinary orthopedic Medicine Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Product Type (Biologics, Viscosupplements, Pharmaceuticals), By Animal type (Canine, Feline, Equine, Cattle, Swine, Others), By Route of Administration (Oral, Parenteral, Topical), By End Use (Veterinary Hospitals and Clinics, Homecare Settings, Others), By Region, and Competition, 2019-2029F”, has evaluated the future growth potential of Global Veterinary Orthopedic Medicine Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Veterinary Orthopedic Medicine Market.

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