Canine orthopedics market is estimated to be valued at USD 611.2 Mn in 2031

A newly published report by Coherent Market Insights reveals a sustainable growth in opportunities in the canine orthopedics market. Coherent Market Insights’ analyst projected the canine orthopedics market to be valued at USD 611.2 Mn in 2031. It is expected to exhibit a CAGR of 8.5% over the forecast period 2024-2031.

Rising prevalence of orthopedic disorders among canines and growing pet expenditure drives market growth. According to American Veterinary Medical Association (AVMA), over 50% of dogs above 1 year of age suffer from some form of orthopedic issue.

Growing aging population of pet dogs also fuels market growth. Moreover, there is rising disposable income and growing willingness of owners to spend on pet healthcare. These factors are encouraging adoption of advanced treatment procedures including orthopedic surgeries and joint replacements.

Key market trends include growing demand for bone plating systems is a key trend driving market growth. Bone plating systems are commonly used in orthopedic surgeries and fractures repair in dogs. Manufacturers are further launching innovative bone plating solutions such as locking bone plates and fracture repair plating systems.

Growing adoption of stem cell therapy is another trend gaining traction. With advancements in regenerative medicine, stem cell therapy is gaining traction for injuries. Adipose derived stem cells (ADSCs) are commonly used for joint disease treatments. Stem cell therapy treatment of orthopedic helps reduce pain and inflammation and repair tendons & ligaments. This is expected to positively influence the market growth over the forecast period.

Canine Orthopedics Market Opportunities: The rising number of orthopedic surgeries performed on canines is driving the demand for orthopedic implants. Implants such as plates, screws, pins and prosthetic joints are helping restore mobility in dogs. Advances in implant design and development of 3D printed personalized implants are further propelling their adoption rate.

Tibial plateau leveling osteotomy (TPLO) segment growth is expected to witness the fastest growth. This is due to increasing incidence of cranial cruciate ligament rupture. TPLO involves correcting the angle of the tibial plateau to eliminate excessive forward motion of the tibia. It is recommended for medium to large breed dogs with CCL injury. Development of improved surgical tools and plates dedicated for TPLO surgery is augmenting the demand.

Key Market Takeaways: The global canine orthopaedics market is anticipated to witness a CAGR of 8.5% during the forecast period 2024-2031. This is due to the rising pet ownership and increasing expenditure on veterinary healthcare.