The veterinary orthopedic medicine market has seen significant growth, expanding from $3.38 billion in 2023 to $3.69 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.0%.
This growth is driven by the emergence of regenerative medicine, the integration of telemedicine, an increasing number of veterinary orthopedic specialists, the rise in the adoption of viscosupplementation products, and improved animal health awareness.
The veterinary orthopedic medicine market is expected to continue its robust growth, projected to reach $5.26 billion by 2028 at a CAGR of 9.3%. Factors contributing to this anticipated growth include the rising prevalence of osteoarthritis, increased adoption of pet insurance, high rates of obesity in companion animals, growing pet ownership, and rising pet expenditure.
Growth Drivers in Veterinary Orthopedic Medicine
The increasing incidence of pet orthopedic diseases is a key driver of the veterinary orthopedic medicine market. These diseases affect the musculoskeletal system of companion animals, particularly dogs and cats, and are caused by breed predispositions, rising obesity rates, and environmental factors such as inadequate exercise and poor nutrition. Veterinary orthopedic medicine is essential for diagnosing, treating, and managing these conditions, helping to alleviate pain, restore mobility, and improve the overall quality of life for pets.
Major companies in the veterinary orthopedic medicine market are focusing on developing innovative solutions to improve care standards. One such innovation is anatomically shaped casts, which are designed to conform to the natural contours of an animal’s body. These specialized orthopedic devices provide effective immobilization and support for healing fractures, sprains, or other orthopedic injuries, helping to eliminate pressure sores and enhance the standard of care.
North America was the largest region in the veterinary orthopedic medicine market in 2023. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
