Canine Orthopedics Market

The report "Canine Orthopedics Market by Product (Implants and Instruments), Application (Tibial Plateau Leveling Osteotomy (TPLO), Tibial Tuberosity Advancement (TTA), Joint Replacement, Trauma), End User (Hospitals, Clinics) and Geography - Global Forecast to 2027", is projected to reach USD 369.3 million by 2027 from USD 244.4 million in 2022, at a CAGR of 8.6% during the forecast period.

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Market is driven by factors such as growing pet dog ownership, adoption of dog insurance policies, growing investments by key market players, growing number of veterinary practionioners and their rising income levels in developed countries, and the growing number of veterinary orthopedic surgeries in canine. On the other hand, limited availability of trained professionals in the treatment of canine orthopedic problems and expensive treatment is expected to limit market growth to a certain extent in the coming years. Increasing veterinary orthopedic surgical procedures and rising demand for surgical interventions among canine animals expected to offer significant opportunities to canine orthopedics market.

“The implant segment accounted for the largest market share in the Canine Orthopedics market, by product, in 2021”

The canine orthopedics market by product is segmented into implants and instruments. Implant segment is further segmented into plates and others. Plates segment is further categorized into TPLO plate, TTA plates, speciality plates, and other. In 2021, implant accounted for the largest market share in canine orthopedics market. The growing prevalence of bone disorders and traumatic injuries in dogs has led to the high adoption of implants.

Tibial Plateau Leveling Osteotomy (TPLO) segment accounted for the largest market share in the Canine Orthopedics market, by application in 2021”

The canine orthopedics market by application is segmented into tibial plateau leveling osteotomy (TPLO), tibial tuberosity advancement (TTA), Joint Replacement, Trauma, and others. The tibial plateau leveling osteotomy (TPLO) segment accounted for the largest market share in 2021, while tibial tuberosity advancement (TTA) segment is expected to grow at the fastest rate in the years ahead, from 2022 to 2027. This can be attributed to the increasing canine orthopedic procedures and rising technological advancement in caninie orthopedic products.

“Veterinary Hospitals and Clinics segment accounted for the largest market share in 2021”

Based on end user, the canine orthopedics market is segmented into veterinary hospitals and clinics, and others. The veterinary hospitals and clinics segment accounted for the largest market share in 2021, while others end user segment is expected to grow at the fastest rate in the years ahead, from 2021 to 2027. The others segment comprises veterinary research centers and ambulatory care units.

“APAC region accounted for the highest CAGR during forecast period

”The global canine 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 likely to gain major market share in 2021. The North America canine orthopedics market is being propelled by adoption of pet insurance, large canine pet population, growing pet health concerns, and presence of key players. Asia-Pacific, on the other hand, will experience significant growth in the coming years due to the increasing pet dog population, rising presence of local market players, and expenditure on pets.

The major players operating in this market are  B. Braun Melsungen AG (Germany); Movora (US); STERIS (US); DePuy Synthes (Johnson & Johnson) (US); AmerisourceBergen Corporation (US); Arthrex, Inc. (US); Orthomed (UK) Ltd (Infiniti Medical); Narang Medical Limited (India); Fusion Implants (UK); and Veterinary Instrumentation (UK).

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