Veterinary Prosthetics & Orthotics Market Size, Share | 2032

Report Description

Veterinary Prosthetics & Orthotics Market Outlook 2032

The global veterinary prosthetics & orthotics market size was USD 36.5 Million in 2023 and is projected to reach USD 79.9 Million by 2032, expanding at a CAGR of 9.1% during 2024–2032. The market growth is attributed to the rising awareness among pet owners regarding the importance of comprehensive healthcare solutions for companion animals, including veterinary prosthetics and orthotics.

Growing awareness among pet owners about the importance of proper healthcare for companion animals is boosting the demand for veterinary prosthetics and orthotics. Veterinarians are increasingly incorporating advanced prosthetic and orthotic solutions to enhance the mobility and overall well-being of companion animals. Moreover, the rising adoption of companion animals worldwide is propelling the demand for effective prosthetics and orthotics.

• According to a report published on January 25, 2024, about 29% of households in the US own a cat.

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Impact of Artificial Intelligence (AI) on the Veterinary Prosthetics & Orthotics Market

The use of artificial intelligence is likely to boost the veterinary prosthetics & orthotics market.  AI-based systems enable the customization of prosthetic and orthotic devices by precisely mapping the anatomical features of individual animals and optimizing the design for better fit and functionality. Moreover, AI algorithms predict potential complications and outcomes associated with prosthetic and orthotic interventions to provide personalized care to animals.

Veterinary Prosthetics & Orthotics Market Dynamics

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Major Drivers

Growing incidences of accidents and injuries among animals boost the demand for veterinary prosthetics and orthotics. Prosthetics and orthotics are devices attached to the body of an injured animal to provide support or improve functions. Furthermore, the increasing pet ownership rates worldwide are anticipated to drive the market during the forecast period. Pet owners are increasingly spending on advanced medical treatments and devices to enhance the quality of life of their pets. For instance,

• According to Pet Ownership Statistics 2024, pet ownership in the US increased from 73 million in 2010 to 87 million in 2022.

Existing Restraints

High costs associated with veterinary prosthetics and orthotics hinder the market. The high cost often deters pet owners from adopting effective healthcare devices, including prosthetics or orthotics, for their animals, especially in regions with limited financial resources. Furthermore, the limited availability of orthopedic veterinary professionals restrains the market. 

Emerging Opportunities

Growing investments in research and development in veterinary healthcare, including veterinary orthopedics, create immense opportunities for key players competing in the market. Key companies are focusing on improving the durability, functionality, and biocompatibility of prosthetic and orthotic devices. Furthermore, the rising demand for veterinary smart prosthetics and orthotics propels the adoption of advanced technologies, including 3D printing, for designing these advanced devices, which significantly propels the market.

Scope of the Veterinary Prosthetics & Orthotics Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Regional Outlook

In terms of region, the global veterinary prosthetics & orthotics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2023 and the market in the region is expected to expand at a significant pace during the assessment period, due to high pet ownership rates in the region. For instance, according to Pet Ownership Statistics 2024, 66% of households in the US, which means approximately 86.9 million homes, own a pet. Furthermore, the rising research and development activities in veterinary healthcare further boost the market in this region.

The market in Asia Pacific is projected to grow at a significant pace in the coming years, owing to the growing awareness about pet healthcare among pet owners. Moreover, the increasing number of veterinary clinics and hospitals in emerging countries such as India, China, and Japan is boosting the demand for advanced prosthetic and orthotic solutions for animals with mobility issues.

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Veterinary Prosthetics & Orthotics Market Segment Insights

Product Type Segment Analysis

Based on product type, the veterinary prosthetics & orthotics market is divided into prosthetics, stifle braces, carpal, and orthotics. The prosthetics segment held a major share of the market in 2023, due to the increasing prevalence of mobility disorders in animals. Prosthetic devices offer effective solutions for animals suffering from limb amputations, congenital deformities, or traumatic injuries. Moreover, the growing acceptance of prosthetic interventions among veterinary professionals and pet owners fuels the segment.

The stifle braces segment is expected to expand at a significant growth rate in the coming years, owing to the high prevalence of cruciate ligament injuries and osteoarthritis in animals. Stifle braces provide support and stability to the knee joint, helping to alleviate pain and improve mobility in animals. Furthermore, the growing awareness of the benefits of non-invasive treatment options, including stifle braces, propels the segment.

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Animal Type Segment Analysis

On the basis of animal type, the global market is segregated into feline, canine, and others. The canine segment held a major share of the market in 2023, due to the rising prevalence of mobility disorders and orthopedic conditions among dogs.

Dogs are highly susceptible to injuries, congenital deformities, and age-related mobility issues, which boosts the demand for prosthetic and orthotic solutions to improve their quality of life. Additionally, the advancements in veterinary prosthetics and orthotics tailored specifically for canines fuel the segment.

The feline segment is anticipated to expand at a substantial CAGR during the forecast period, owing to the rising awareness about feline healthcare. Cats are prone to mobility disorders, such as osteoarthritis, traumatic injuries, and limb amputations, necessitating the use of prosthetic and orthotic devices. Moreover, the increasing cat ownership at a rapid pace is anticipated to boost the demand for feline prosthetics and orthotics in the coming years.

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Technique Segment Analysis

Based on technique, the veterinary prosthetics & orthotics market is bifurcated into 3D printing and molding. The 3D printing segment is projected to register a robust growth rate during the assessment years, due to the increasing adoption of 3D printing technology in the healthcare industry for manufacturing smart devices.

3D printing allows for the rapid prototyping and production of prosthetic and orthotic devices tailored to specific anatomical features and individual animals. Additionally, the cost-effectiveness and scalability of 3D printing technology are projected to propel the segment in the coming years.