Canine Orthopedics Industry Overview
The global canine orthopedics market size is anticipated to reach USD 455.2 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a significant CAGR of 8.4% from 2022 to 2030. Some of the drivers attributing to the market growth include rising pet dog ownership, the number of veterinary surgeries across the globe, initiatives by key companies, and orthopedic disorders in pet dogs. In February 2022, the MedTech segment of Vimian Group-Movora acquired IMEX Veterinary, Inc-a veterinary orthopedic implants supplier in the U.S. This complemented the company’s portfolio and enabled Movora to enter a new niche segment within surgical products. Post-acquisition, IMEX became the 4th company in the Movora family of brands that include Veterinary Orthopedic Implants, KYON AG, and BioMedtrix, LLC.
Canine Orthopedics Market Segmentation
Grand View Research has segmented the global canine orthopedics market on the basis of application, product, end-use, and region:
Based on the Application Insights, the market is segmented into TPLO, TTA, Joint Replacement, Trauma, Others
- The TPLO segment dominated the market for canine orthopedics and accounted for the largest revenue share of 25.0% in 2021. It is a preferred procedure for the treatment of CCL rupture in dogs, in particular large-breed dogs. It may also be recommended for moderate and small breeds. CCL disease can affect dogs of all ages, sizes, and breeds, but rarely cats. Most vulnerable dog breeds include Rottweiler, Staffordshire Terrier, Newfoundland, Mastiff, Chesapeake Bay Retriever, Akita, Saint Bernard, and Labrador Retriever.
- The TTA segment is anticipated to grow the fastest over the forecast period. The joint reconstruction segment is also expected to register notable growth owing to product advancement and a growing number of surgeries in dogs. BioMedtrix’s Canine Total Knee system, for example, aims at restoring pain-free functional mobility. It consists of an implant system with femoral and tibial components that can be interchanged based on requirements to cater to specific sizes. Some instruments used during knee replacement surgeries are screwdriver shafts, compression screws, and pin cutters.
Based on the Product Insights, the market is segmented into Implants and Instruments
- The implants segment dominated the market for canine orthopedics and held the largest revenue share in 2021. The segment is expected to grow at a high rate over the forecast period. The growing prevalence of bone disorders and traumatic injuries has led to the high adoption of implants. BioMedtrix, for instance, holds 16 patents in veterinary orthopedic implants, which is further expected to drive the market for canine orthopedics. With rapid technological advancements, demand for implants in the field of canine orthopedics is increasing. The rising incidence of severe musculoskeletal injuries or orthopedic disorders, such as cruciate ligament tears and hip and elbow dysplasia, has led to an increase in the need for surgeries and thus, implants.
- Various instruments used in orthopedic surgeries include bone cutting forceps, bone files, bone fragment forceps, bone holding forceps, drill guides, bone rasps, and bone tamps. GerVetUSA offers an extensive surgical instruments portfolio that comprises bone cutting forceps, bone files, bone rasps, and more. In bone cutting forceps category alone, the company offers over a dozen options in different sizes, such as 5 ½”, 6”, 7 ¼”, 7 ½”, and 8 ¾”, and designs such as curved, straight, and angled.
Based on the End-use Insights, the market is segmented into Hospitals & Clinics, Others
- The veterinary hospitals and clinics segment held the dominant share of the market for canine orthopedics in 2021. The others segment is projected to grow the fastest over the coming years. The others segment comprises veterinary research centers and ambulatory care units.
- According to a 2019 survey by dvm360, company-owned animal hospital chains are on the rise in the U.S. For instance, Mars, Inc. owns the Banfield Pet Hospital chain, VCA Animal Hospitals, BluePearl Specialty, and Emergency Pet Hospitals, among others, with a total exceeding 2,000 hospitals. This opens opportunities for companies to use their products and technology at company-owned hospitals, thus supporting their growth strategies.
Canine Orthopedics Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Key Companies Profile & Market Share Insights
The market for canine orthopedics is competitive in nature. Market players deploy multiple strategic initiatives that include product development, product launches, distribution partnerships, collaborations, and mergers and acquisitions.
Some of the prominent players in the canine orthopedics market include:
- Braun Melsungen AG
- Movora
- STERIS
- DePuy Synthes (Johnson & Johnson)
- AmerisourceBergen Corporation
- Arthrex, Inc.
- Orthomed (UK) Ltd (Infiniti Medical)
- Veterinary Instrumentation
- Fusion Implants
- Narang Medical Limited
Order a free sample PDF of the In Canine Orthopedics Market Intelligence Study, published by Grand View Research.
