The global veterinary orthotics-prosthetics market is projected to surpass US$ 66.5 million in 2023, with strong growth anticipated over the next decade. By 2033, the market is expected to reach US$ 164.2 million, expanding at a CAGR of 9.5% during the forecast period.
The increasing demand for veterinary orthotics and prosthetics is driven by a rise in the number of injured animals, including pets and wildlife. These devices are crucial for providing support, aligning, immobilizing, and assisting weak muscles or improving the functionality of injured or disabled animals. Moreover, the growing adoption of veterinary orthotics-prosthetics to compensate for missing or amputated leg segments is further boosting market growth.
The development of more advanced, durable, and comfortable devices is also contributing to the expansion of the market. Veterinary professionals are increasingly utilizing these innovative solutions to improve the quality of life for animals that suffer from injuries, congenital deformities, or amputations.
A Full Report Overview – https://www.futuremarketinsights.com/reports/veterinary-orthotics-prosthetics-market
Key Takeaways:
- The veterinary orthotics-prosthetics market is projected to grow from US$ 66.5 million in 2023 to US$ 164.2 million by 2033, at a CAGR of 9.5%.
- Rising cases of injured animals and the growing need for support and rehabilitation devices are key drivers of market growth.
- Advancements in veterinary orthotics-prosthetics are enhancing their functionality, comfort, and effectiveness.
- The increasing use of prosthetics to compensate for amputated limbs is a significant factor driving demand for these devices.
Regional Insights
- North America is expected to dominate the market, capturing a significant share due to high pet ownership rates and advanced veterinary healthcare infrastructure.
- Europe follows closely, with a substantial market share driven by increasing pet care expenditures and awareness about animal health.
Challenges
- Cost of Devices: The high cost associated with custom orthotics and prosthetics may limit accessibility for some pet owners and veterinary practices.
- Need for Specialized Knowledge: Proper fitting and adjustment of these devices require skilled professionals, which can be a barrier to widespread adoption.
How is the Competitive Landscape in the Veterinary Orthotics-prosthetics Market?
The veterinary orthotics-prosthetics market is consolidated by key players all around the region. Moreover, the prominent players are fixing their focus in the search for new ideas and tactics which can help them to achieve their goal in the veterinary orthotics-prosthetics market. They adopt various marketing strategies to grab the lion’s share in the market through mergers, acquisitions, partnerships, and product launches.
Recent Developments in the Veterinary Orthotics-Prosthetics Market:
- Prosthetic artificial limbs for all types of animals with wounds and congenital infirmities were developed in August 2022 by Thomas Jefferson University researchers. 3D printing technology has been employed to produce prosthetic artificial limbs.
- Using the Zortrax Inventure 3D printer, a fifth-year veterinary medicine student at Poland’s Wroclaw University of Environmental and Life Sciences manufactured personalized prosthetics for handicapped animals in February 2022.
- In June 2022, Walkin’ Pets, which is owned by HandicappedPets.com, announced a new ortho division. Now, the Walkin’ Pets braces are available in four different styles Knee (Stifle brace), elbow brace, carpal brace, and Hock (Tarsal) brace.
- In April 2022, Animal Orthocare announced that it would offer fit paws, a member of the Paw Prosper family of brands, which is focused on providing high-quality canine rehab and conditioning equipment.
- Recently, advanced joint replacement braces were innovated with the help of biomechanics technology to treat the pet’s limbs without getting any pain.
Key Companies Profiled in the Market
- OrthoPets LLC
- Animal Ortho Care
- AAA Orthotics and Prosthetics
- Anchor Orthotics & Prosthetics
- Animal Care Castle Rock OrthoPets Castle Rock
- Appletree Orthotics Services Ltd.
- Animal Orthocare
- Avondale Veterinary Healthcare Complex OrthoPets Iowa
- Buddy Braces
- Dogs in Motion Canine Rehabilitation OrthoPets Australia
- Equisport Medicine OrthoPets Washington
- HandicappedPets.com
- Hanger Clinic
- Holistvet OrthPets South Africa
- J.G. McGiness Prosthetics & Orthotics
- K-9 Orthotics and Prosthetics
Veterinary Orthotics-Prosthetics Market Segmentation
By Product Type:
- Braces
- Stifle Braces
- Carpal/Tarsal Braces
- Hip Braces
- Contracture Bracing
- Deformity Braces
- Prosthetics
- Others
By End-user:
- Veterinary Hospitals
- Prosthetics Clinics
- Rehabilitation Center
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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