The Rising Need for Canine Orthopedics Market Drives Adoption of Advanced Implants

The global canine orthopedics market is estimated to be valued at US$ 344.1 Mn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.

Canine orthopedics comprises implants and surgeries that help restore mobility and relieve pain in dogs suffering from orthopedic ailments. Implants such as plates, screws, pins and prosthetics are used to fix fractures and correct deformities. The growing elder dog population and increasing rate of sports injuries in canines have augmented the demand for orthopedic procedures and implants.

Key players operating in the canine orthopedics market include B. Braun Melsungen AG,

Movora (Vimian Group AB), STERIS, DePuy Synthes (Johnson & Johnson),

AmerisourceBergen Corporation, Arthrex, Inc., Veterinary Instrumentation, BioMedtrix,

LLC, Fusion Implants, Narang Medical Limited, Orthomed (UK) Ltd, GerVetUSA, Kyon AG, Veterinary Orthopedic Implants and Integra LifeSciences Corporation. These companies offer a wide range of advanced implants that help veterinarians restore mobility in arthritic or injured dogs.

Key Takeaways

Key players: Key players such as DePuy Synthes and Arthrex are leaders in developing innovative canine orthopedic implants. DePuy Synthes offers a comprehensive range of plates, screws and joint replacement implants. Arthrex launched one of the first polyaxial locking plating systems for veterinary use in 2015.

Growing demand: The Canine Orthopedics Market size is growing due to the rising pet dog population and increased participation of canines in sports, driving the demand for orthopedic procedures. According to the American Veterinary Medical Association, over 35% of dogs in the U.S. suffer from joint disorders.

Global expansion: Leading companies are expanding globally through partnerships and acquisitions to leverage opportunities across international markets. For instance, BioMedtrix established distribution channels across Europe, Asia, South America, Africa and the Middle East in 2021.

Market Key Trends

3D printing technology: 3D printing is gaining traction in canine orthopedics for developing customized implants based on a patient’s anatomy. In 2021, Narang Medical released 3D printed implants customized for individual dogs undergoing total hip replacement surgeries.

Minimally invasive techniques: Developments in minimally invasive surgical techniques help reduce post-operative pain and recovery time in canines. In 2020, Veterinary Orthopedic Implants launched a minimally invasive plating system for fractures.

Porter’s Analysis

Threat of new entrants: The canine orthopedics market has moderate to high barrier to entry due to high capital investment requirement for R&D and manufacturing. However established distribution channels lower the threat.

Bargaining power of buyers: The bargaining power of buyers is moderate given the availability of substitutes and presence of many regional players.

Bargaining power of suppliers:

Canine Orthopedics Market Regions Analysis shows that suppliers have moderate to high bargaining power, as raw materials require technical know-how and compliance with stringent regulatory requirements.

Threat of new substitutes: Threat from substitutes is low as canine orthopedics products are specialized with no close substitutes.

Competitive rivalry: The market is moderately competitive due to presence of global and regional players.

Geographical regions:

North America holds the major share of the canine orthopedics market in terms of value owing to increasing pet adoption and expenditure on animal health in countries like US and Canada.

Asia Pacific is projected to grow at the fastest rate during the forecast period driven by rising awareness, economic growth and increasing pet population in countries like India and China.

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About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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