Animal Ortho Prosthetics Market Size, Share, Industry Trends and Forecast to 2030

Animal Ortho Prosthetics Market Size & CAGR in 2021

The global animal ortho prosthetics market is projected to witness a CAGR of 5.2% from 2021 to 2028. The market size in 2021 was valued at USD 560 million and is expected to reach USD 780 million by 2028.

COVID-19 Impact on the Animal Ortho Prosthetics Market

The COVID-19 pandemic has had a significant impact on the animal ortho prosthetics market. Due to lockdowns and restrictions, there was a temporary decline in the market as veterinary clinics and hospitals faced limitations in providing orthotic and prosthetic services. However, as restrictions eased and pet owners became more conscious about their pets' health, the market witnessed a steady recovery.

Animal Ortho Prosthetics Dynamics

The growing pet adoption rates, increasing awareness about animal ortho prosthetics, advancements in technology, and rising cases of orthopedic issues in animals are driving the growth of the animal ortho prosthetics market. Additionally, the focus on improving the quality of life for animals and the availability of customized ortho prosthetic solutions are further fueling market growth.

Segments and Related Analysis

The animal ortho prosthetics market is segmented based on product type, animal type, and end-user. By product type, the market is divided into orthopedic braces, prosthetic limbs, orthopedic splints, and others. Based on animal type, the market is categorized into dogs, cats, horses, and others. The end-users of animal ortho prosthetics include veterinary hospitals, clinics, and rehabilitation centers.

By Region Analysis

In 2021, North America dominated the animal ortho prosthetics market due to the high adoption rates of companion animals and the presence of advanced veterinary healthcare infrastructure. Europe and Asia Pacific are also significant markets for animal ortho prosthetics, driven by the increasing pet population and growing awareness about orthopedic solutions for animals.

Key Market Players and Competitive Landscape

Some of the key players in the animal ortho prosthetics market include OrthoPets, BioMedtrix, Veterinary Orthopedic Implants, B. Braun Vet Care, and Toukam Orthopedic. These companies are focusing on product innovation, strategic partnerships, and expansion of their product offerings to gain a competitive edge in the market.

Recent Happenings in the Animal Ortho Prosthetics Market

In recent developments, OrthoPets launched a new line of 3D-printed prosthetic limbs for dogs, providing a more customizable and comfortable solution for pets with mobility issues. BioMedtrix introduced a revolutionary orthopedic implant technology that ensures better durability and performance in orthopedic surgeries. These advancements in the field of animal ortho prosthetics are set to reshape the market landscape and drive further growth.