Download Sample, Growing Demand for Advanced Orthotic and Prosthetic Solutions is Driving the Veterinary Orthotics-Prosthetics market
The veterinary orthotics-prosthetics market is driven by advancements in technology and increased awareness about animal welfare. As pet owners and veterinarians prioritize animal mobility and rehabilitation, the demand for customized and technologically advanced orthotic and prosthetic solutions continues to rise. In recent years, there has been a significant increase in the demand for veterinary orthotics-prosthetics, driven by several factors, such as advancements in technology, including 3D printing, computer-aided design (CAD), and material sciences, which have expanded the possibilities for creating precise and customized devices for animals. Pet owners are increasingly seeking alternative solutions to improve the quality of life for their companions, leading to a rise in demand for veterinary orthotics-prosthetics.
Prevalence of Osteoarthritis & Mobility Issues in Animals Fuels the Market
The veterinary orthotics-prosthetics market is benefiting from the overall growth of the veterinary healthcare industry. Pet ownership rates are increasing, and pet owners are increasingly willing to invest in advanced medical treatments and devices to ensure the well-being of their pets. This has created a favorable market environment for the development and adoption of veterinary orthotics-prosthetics. Furthermore, there is a direct correlation between obesity and overweight conditions in animals and the prevalence of osteoarthritis and mobility issues. This relationship is expected to drive the demand for veterinary orthotics-prosthetics as the disorder continues to increase.
Recent Trends in the Veterinary Orthotics-Prosthetics Industry
- Increased use of 3D printing for custom veterinary devices.
- Expanding market driven by growing pet insurance and awareness.
- Development of smart orthotics with sensors for data collection.
- Increased emphasis on integrating rehabilitation and physical therapy.
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Lack of Awareness & High Cost of Devices is Likely to be a Challenge
One of the primary challenges is the limited awareness and acceptance of veterinary orthotics-prosthetics among pet owners and veterinarians. Many people are still unaware of the available options or may not understand the benefits of these devices for animals. This lack of awareness can limit the demand for such products and hamper market growth. Veterinary orthotics-prosthetics can be expensive due to the complexity of design, materials used, and customization required for each animal. The high cost of these devices can be a significant barrier for pet owners, particularly in regions with limited financial resources; affordability issues can restrict market growth.
Veterinary Orthotics-Prosthetics Market Expansion is Encouraged by Novel Innovations
Researchers at Thomas Jefferson University developed prosthetic artificial limbs for animals with wounds and congenital ailments, in 2022. These prosthetic limbs were produced using 3D printing technology. In February 2022, a veterinary medicine student at Wroclaw University of Environmental and Life Sciences in Poland created customized prostheses for disabled animals using the Zortrax Inventure 3D printer. Walkin' Pets launched a new ortho division, in 2022. They now offer four distinct types of braces: knee (stifle brace), elbow, carpal, and hock (tarsal). Furthermore, in April 2022, Animal Orthocare announced its plan to start selling Fit Paws, a brand under the Paw Prosper family that specializes in high-end canine rehabilitation and training gear.
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Increasing Pet Ownership Rates & Awareness about Animal Welfare Leads to Market Expansion
The veterinary orthotics-prosthetics market is a rapidly growing sector within the veterinary healthcare industry. Orthotics and prosthetics, traditionally associated with human medicine, are now being adapted and customized to meet the unique needs of animals. North America dominates the veterinary orthotics-prosthetics market due to high pet ownership rates, advanced veterinary healthcare infrastructure, and strong awareness of animal welfare. According to the North American Pet Health Insurance Association (NAPHIA), the number of insured pets in North America will reach 5.36 million by the end of 2022. The United States, in particular, is a major market in the region, driven by a large pet population and increased spending on pet healthcare.
As per the 2023-2024 APPA National Pet Owners Survey, it was found that approximately 66% of households in the United States own a pet. Technological advancements and the presence of key market players contribute to the growth of the market in this region. The Asia Pacific region presents immense growth potential in the veterinary orthotics-prosthetics market, driven by the increasing pet ownership rates, rising disposable incomes, and growing awareness about advanced veterinary care. Countries like China and India have witnessed significant growth in the pet industry, leading to a surge in demand for veterinary orthotics-prosthetics. The market is also influenced by the rising trend of pet humanization, where pets are considered part of the family, driving the need for specialized medical devices and treatments.
As per the 2023-2024 APPA National Pet Owners Survey, it was found that approximately 66% of households in the United States own a pet. Technological advancements and the presence of key market players contribute to the growth of the market in this region. The Asia Pacific region presents immense growth potential in the veterinary orthotics-prosthetics market, driven by the increasing pet ownership rates, rising disposable incomes, and growing awareness about advanced veterinary care. Countries like China and India have witnessed significant growth in the pet industry, leading to a surge in demand for veterinary orthotics-prosthetics. The market is also influenced by the rising trend of pet humanization, where pets are considered part of the family, driving the need for specialized medical devices and treatments.
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The report provides a detailed overview of the veterinary orthotics-prosthetics market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, the Middle East, and Africa. The country-specific assessment for the veterinary orthotics-prosthetics market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the veterinary orthotics-prosthetics market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the veterinary orthotics-prosthetics market. Some key countries and regions included in the veterinary orthotics-prosthetics market report are as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Veterinary Orthotics-Prosthetics Market Research Report Covers In-depth Analysis on:
- Veterinary orthotics-prosthetics market detailed segments and segment-wise market breakdown
- Veterinary orthotics-prosthetics market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in veterinary orthotics-prosthetics industry)
- Current, historical, and forthcoming 10 years market valuation in terms of veterinary orthotics-prosthetics market size (US$ Mn), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Veterinary orthotics-prosthetics market demand analysis
- Veterinary orthotics-prosthetics market regional insights with a region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the veterinary orthotics-prosthetics market
- Regulatory landscape by key regions and key countries
- Veterinary orthotics-prosthetics market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the veterinary orthotics-prosthetics market forecast by countries
- Mergers and acquisitions in veterinary orthotics-prosthetics market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What factors are driving growth in the Veterinary Orthotics-Prosthetics market?
Growth is driven by increasing pet adoption, advances in veterinary care technologies, growing awareness about animal rehabilitation, and the rising willingness of pet owners to invest in animal health.
What challenges does the Veterinary Orthotics-Prosthetics market face?
Challenges include high costs of custom devices, limited awareness among pet owners, and the need for skilled professionals to design and fit orthotics-prosthetics for animals.
Which regions have the highest potential in the Veterinary Orthotics-Prosthetics market?
Regions with high pet adoption rates, advanced veterinary infrastructure, and increasing awareness, such as North America and Europe, present significant market potential.
