Product Code: GVR-4-68040-167-6
Veterinary Orthopedic Medicines Market Growth & Trends:
The global veterinary orthopedic medicines market size is expected to reach USD 2.87 billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The emergence of regenerative medicine, the rise in adoption of viscosupplements in veterinary medicine, and the surge in uptake of pet insurance are some of the major factors expected to propel market growth. Other factors fueling market growth include advancements in veterinary medicine. According to a study conducted by Boehringer Ingelheim and the American Animal Hospital Association (AAHA), 1 in 5 five dogs, i.e., 20% of all dogs, experience some kind of joint issue in their lifetime. A majority of animals suffer from Osteoarthritis (OA) due to Developmental Orthopedic Diseases (DODs), with certain breeds more prone to malformed joints than others.
Regenerative medicine in veterinary medicine aims to restore normal function of diseased or damaged cells, tissues, etc., including different approaches like cell-based therapies. The use of Mesenchymal Stromal Cells (MSCs), Platelet-rich Plasma (PRP), and autologous serum products is prominent in this field. Currently, these therapies are used in the treatment of tendon, ligament, and joint/cartilage in animals like dogs, horses, & cats. These treatments are primarily research-based, and further concrete clinical reports are under progress. Irrespective of the current use, this branch of veterinary medicine is showing promise for effective treatment & management of veterinary diseases.
Most pet owners are opting for pet insurance to manage the health expenses of their pets. According to a February 2024 article by USA Today, around 26% of the Americans surveyed stated they spend between USD 51 and USD 100 a month on their dogs. On the other hand, several pet insurance companies cover a certain amount of prescription medication. Fetch Pet medication coverage is one of the insurance plans that offers a single plan for illnesses and accidents. The plan covers all prescription drugs for covered conditions, including congenital and chronic ailments like orthopedic problems. According to the North American Pet Health Insurance Association (NAPHIA), as of 2023, there were pet insurance policies worth around USD 3.2 billion in the U.S. Comparably, there were around 4.8 million insured pets in the U.S. at the end of 2022, which was a 22% rise since 2021. Moreover, according to Forbes estimates, in 2023, a veterinary emergency visit for challenges, such as ailments or a broken bone, might cost around
USD 1,000. Hence, pet insurance is a necessary tool for covering unforeseen medical expenses.
Current regenerative therapies like MSCs, PRP, etc., fall under the category of drugs. Hence, the FDA regulates them under the category "Cell-based Products"; however, no FDA approval has been given to any of these therapies till now, and the current use falls under FDA investigational exemption. In addition, technological advancements revolutionized veterinary orthopedic medicine by introducing innovative treatments and procedures. Novel technologies, such as advanced imaging, gene editing, and stem cell therapies, enable more precise & effective interventions in animal health. These technological breakthroughs enhance the diagnostic and treatment capabilities of veterinarians, providing advanced solutions for conditions that were previously challenging to address.
Veterinary Orthopedic Medicines Market Report Highlights:
- The pharmaceuticals segment dominated the market with a 46.5% share in 2023 due to the high adoption of products, such as NSAIDS, steroids, etc., in the treatment of veterinary orthopedic complications.
- The canine segment is expected to grow at the fastest CAGR over the forecast period due to the high prevalence of OA in dogs, the high market adoption, and the rise in sports injuries among dogs.
- The OA segment held the largest market share in 2023.
- However, the joint inflammation/pain segment is anticipated to witness the fastest growth over the forecast period.
- North America dominated the global veterinary orthopedic medicines market due to the increasing prevalence of OA, well-equipped veterinary care infrastructure, government support for quality animal care, and increasing pet adoption in the U.S.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Animal Type
- 1.2.3. Application
- 1.2.4. Route of administration
- 1.2.5. End Use
- 1.2.6. Regional scope
- 1.2.7. Estimates and forecasts timeline.
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product
- 2.2.2. Animal Type
- 2.2.3. Application
- 2.2.4. Route of administration
- 2.2.5. End Use
- 2.2.6. Regional scope
- 2.3. Competitive Insights
Chapter 3. Veterinary Orthopedic Medicines Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.1.1. Rising prevalence of orthopedic problems
- 3.2.1.2. Growing uptake of pet insurance
- 3.2.1.3. Increase in ageing animal population
- 3.2.1.4. Advancements in veterinary orthopedic medicines
- 3.2.2. Market Restraints Analysis
- 3.2.2.1. Shortage of veterinarians
- 3.2.2.2. High treatment cost
- 3.3. Veterinary Orthopedic Medicines Market Analysis Tools
- 3.3.1. Porter's Analysis
- 3.3.2. PESTEL Analysis
Chapter 4. Veterinary Orthopedic Medicines Market: Product Estimates & Trend Analysis
- 4.1. Animal Type Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Veterinary Orthopedic Medicines Market: Product Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Biologics
- 4.5.1. Biologics Market, 2018 to 2030 (USD Million)
- 4.6. Viscosupplements
- 4.6.1. Viscosupplements Market, 2018 to 2030 (USD Million)
- 4.7. Pharmaceuticals
- 4.7.1. Pharmaceuticals Market, 2018 to 2030 (USD Million)
Chapter 5. Veterinary Orthopedic Medicines Market: Animal Type Estimates & Trend Analysis
- 5.1. Animal Type Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Veterinary Orthopedic Medicines Market: Animal Type Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. Canine
- 5.5.1. Canine Market, 2018 to 2030 (USD Million)
- 5.6. Equine
- 5.6.1. Equine Market, 2018 to 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market, 2018 to 2030 (USD Million)
Chapter 6. Veterinary Orthopedic Medicines Market: Application Estimates & Trend Analysis
- 6.1. Application Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Veterinary Orthopedic Medicines Market: Application Outlook
- 6.4. Osteoarthritis
- 6.4.1. Osteoarthritis Market, 2018 to 2030 (USD Million)
- 6.5. Degenerative Joint Disease (DJD)
- 6.5.1. Degenerative Joint Disease (DJD) Market, 2018 to 2030 (USD Million)
- 6.6. Other Applications
- 6.6.1. Other Applications Market, 2018 to 2030 (USD Million)
Chapter 7. Veterinary Orthopedic Medicines Market: Route of Administration Estimates & Trend Analysis
- 7.1. Route of Administration Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Veterinary Orthopedic Medicines Market: Route of Administration Outlook
- 7.4. Oral
- 7.4.1. Oral Market, 2018 to 2030 (USD Million)
- 7.5. Injectable
- 7.5.1. Injectable Market, 2018 to 2030 (USD Million)
- 7.6. Others
- 7.6.1. Others Market, 2018 to 2030 (USD Million)
Chapter 8. Veterinary Orthopedic Medicines Market: End use Estimates & Trend Analysis
- 8.1. End Use Market Share, 2023 & 2030
- 8.2. Segment Dashboard
- 8.3. Veterinary Orthopedic Medicines Market: End user Outlook
- 8.4. Veterinary Hospitals
- 8.4.1. Veterinary Hospitals Market, 2018 to 2030 (USD Million)
- 8.5. Veterinary Clinics
- 8.5.1. Veterinary Clinics Market, 2018 to 2030 (USD Million)
- 8.6. Others
- 8.6.1. Others Market, 2018 to 2030 (USD Million)
Chapter 9. Veterinary Orthopedic Medicines Market: Regional Estimates & Trend Analysis
- 9.1. Veterinary Orthopedic Medicines Market Share, By Region, 2023 & 2030 (USD Million)
- 9.2. North America
- 9.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. Key Country Dynamics
- 9.2.2.2. Regulatory Landscape/Reimbursement Scenario
- 9.2.2.3. Competitive Insights
- 9.2.2.4. U.S. Market Estimates and Forecasts, 2018 - 2030
- 9.2.3. Canada
- 9.2.3.1. Key Country Dynamics
- 9.2.3.2. Regulatory Landscape/Reimbursement Scenario
- 9.2.3.3. Competitive Insights
- 9.2.3.4. Canada Market Estimates and Forecasts, 2018 - 2030
- 9.3. Europe
- 9.3.1. Europe Market Estimates and Forecasts, 2018 - 2030
- 9.3.2. UK
- 9.3.2.1. Key Country Dynamics
- 9.3.2.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.2.3. Competitive Insights
- 9.3.2.4. UK Market Estimates and Forecasts, 2018 - 2030
- 9.3.3. Germany
- 9.3.3.1. Key Country Dynamics
- 9.3.3.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.3.3. Competitive Insights
- 9.3.3.4. Germany Market Estimates and Forecasts, 2018 - 2030
- 9.3.4. France
- 9.3.4.1. Key Country Dynamics
- 9.3.4.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.4.3. Competitive Insights
- 9.3.4.4. France Market Estimates and Forecasts, 2018 - 2030
- 9.3.5. Italy
- 9.3.5.1. Key Country Dynamics
- 9.3.5.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.5.3. Competitive Insights
- 9.3.5.4. Italy Market Estimates and Forecasts, 2018 - 2030
- 9.3.6. Spain
- 9.3.6.1. Key Country Dynamics
- 9.3.6.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.6.3. Competitive Insights
- 9.3.6.4. Spain Market Estimates and Forecasts, 2018 - 2030
- 9.3.7. Denmark
- 9.3.7.1. Key Country Dynamics
- 9.3.7.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.7.3. Competitive Insights
- 9.3.7.4. Denmark Market Estimates and Forecasts, 2018 - 2030
- 9.3.8. Sweden
- 9.3.8.1. Key Country Dynamics
- 9.3.8.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.8.3. Competitive Insights
- 9.3.8.4. Sweden Market Estimates and Forecasts, 2018 - 2030
- 9.3.9. Norway
- 9.3.9.1. Key Country Dynamics
- 9.3.9.2. Regulatory Landscape/Reimbursement Scenario
- 9.3.9.3. Competitive Insights
- 9.3.9.4. Norway Market Estimates and Forecasts, 2018 - 2030
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Market Estimates and Forecasts, 2018 - 2030
- 9.4.2. Japan
- 9.4.2.1. Key Country Dynamics
- 9.4.2.2. Regulatory Landscape/Reimbursement Scenario
- 9.4.2.3. Competitive Insights
- 9.4.2.4. Japan Market Estimates and Forecasts, 2018 - 2030
- 9.4.3. China
- 9.4.3.1. Key Country Dynamics
- 9.4.3.2. Regulatory Landscape/Reimbursement Scenario
- 9.4.3.3. Competitive Insights
- 9.4.3.4. China Market Estimates and Forecasts, 2018 - 2030
- 9.4.4. India
- 9.4.4.1. Key Country Dynamics
- 9.4.4.2. Regulatory Landscape/Reimbursement Scenario
- 9.4.4.3. Competitive Insights
- 9.4.4.4. India Market Estimates and Forecasts, 2018 - 2030
- 9.4.5. Australia
- 9.4.5.1. Key Country Dynamics
- 9.4.5.2. Regulatory Landscape/Reimbursement Scenario
- 9.4.5.3. Competitive Insights
- 9.4.5.4. Australia Market Estimates and Forecasts, 2018 - 2030
- 9.4.6. Thailand
- 9.4.6.1. Key Country Dynamics
- 9.4.6.2. Regulatory Landscape/Reimbursement Scenario
- 9.4.6.3. Competitive Insights
- 9.4.6.4. Thailand Market Estimates and Forecasts, 2018 - 2030
- 9.4.7. South Korea
- 9.4.7.1. Key Country Dynamics
- 9.4.7.2. Regulatory Landscape/Reimbursement Scenario
- 9.4.7.3. Competitive Insights
- 9.4.7.4. South Korea Market Estimates and Forecasts, 2018 - 2030
- 9.5. Latin America
- 9.5.1. Latin America Market Estimates and Forecasts, 2018 - 2030
- 9.5.2. Brazil
- 9.5.2.1. Key Country Dynamics
- 9.5.2.2. Regulatory Landscape/Reimbursement Scenario
- 9.5.2.3. Competitive Insights
- 9.5.2.4. Brazil Market Estimates and Forecasts, 2018 - 2030
- 9.5.3. Mexico
- 9.5.3.1. Key Country Dynamics
- 9.5.3.2. Regulatory Landscape/Reimbursement Scenario
- 9.5.3.3. Competitive Insights
- 9.5.3.4. Mexico Market Estimates and Forecasts, 2018 - 2030
- 9.5.4. Argentina
- 9.5.4.1. Key Country Dynamics
- 9.5.4.2. Regulatory Landscape/Reimbursement Scenario
- 9.5.4.3. Competitive Insights
- 9.5.4.4. Argentina Market Estimates and Forecasts, 2018 - 2030
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Market Estimates and Forecasts, 2018 - 2030
- 9.6.2. South Africa
- 9.6.2.1. Key Country Dynamics
- 9.6.2.2. Regulatory Landscape/Reimbursement Scenario
- 9.6.2.3. Competitive Insights
- 9.6.2.4. South Africa Market Estimates and Forecasts, 2018 - 2030
- 9.6.3. Saudi Arabia
- 9.6.3.1. Key Country Dynamics
- 9.6.3.2. Regulatory Landscape/Reimbursement Scenario
- 9.6.3.3. Competitive Insights
- 9.6.3.4. Saudi Arabia Market Estimates and Forecasts, 2018 - 2030
- 9.6.4. UAE
- 9.6.4.1. Key Country Dynamics
- 9.6.4.2. Regulatory Landscape/Reimbursement Scenario
- 9.6.4.3. Competitive Insights
- 9.6.4.4. UAE Market Estimates and Forecasts, 2018 - 2030
- 9.6.5. Kuwait
- 9.6.5.1. Key Country Dynamics
- 9.6.5.2. Regulatory Landscape/Reimbursement Scenario
- 9.6.5.3. Competitive Insights
- 9.6.5.4. Kuwait Market Estimates and Forecasts, 2018 - 2030
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Share Analysis
- 10.4. Company Heat Map Analysis
- 10.5. Strategy Mapping
- 10.5.1. Expansion
- 10.5.2. Mergers & Acquisition
- 10.5.3. Partnerships & Collaborations
- 10.5.4. New Product Launches
- 10.5.5. Research And Development
- 10.6. Company Profiles
- 10.6.1. Zoetis Inc.
- 10.6.1.1. Participant's Overview
- 10.6.1.2. Financial Performance
- 10.6.1.3. Product Benchmarking
- 10.6.1.4. Recent Developments
- 10.6.2. Boehringer Ingelheim
- 10.6.2.1. Participant's Overview
- 10.6.2.2. Financial Performance
- 10.6.2.3. Product Benchmarking
- 10.6.2.4. Recent Developments
- 10.6.3. Elanco Animal Health
- 10.6.3.1. Participant's Overview
- 10.6.3.2. Financial Performance
- 10.6.3.3. Product Benchmarking
- 10.6.3.4. Recent Developments
- 10.6.4. American Regent, Inc.
- 10.6.4.1. Participant's Overview
- 10.6.4.2. Financial Performance
- 10.6.4.3. Product Benchmarking
- 10.6.4.4. Recent Developments
- 10.6.5. Merck Animal Health (Merck & Co. Inc)
- 10.6.5.1. Participant's Overview
- 10.6.5.2. Financial Performance
- 10.6.5.3. Product Benchmarking
- 10.6.5.4. Recent Developments
- 10.6.6. Vetoquinol S.A.
- 10.6.6.1. Participant's Overview
- 10.6.6.2. Financial Performance
- 10.6.6.3. Product Benchmarking
- 10.6.6.4. Recent Developments
- 10.6.7. Ceva Sante Animale
- 10.6.7.1. Participant's Overview
- 10.6.7.2. Financial Performance
- 10.6.7.3. Product Benchmarking
- 10.6.7.4. Recent Developments
- 10.6.8. Virbac
- 10.6.8.1. Participant's Overview
- 10.6.8.2. Financial Performance
- 10.6.8.3. Product Benchmarking
- 10.6.8.4. Recent Developments
- 10.6.9. Biogenesis Bago
- 10.6.9.1. Participant's Overview
- 10.6.9.2. Financial Performance
- 10.6.9.3. Product Benchmarking
- 10.6.9.4. Recent Developments
- 10.6.10. Ardent Animal Health LLC.
- 10.6.10.1. Participant's Overview
- 10.6.10.2. Financial Performance
- 10.6.10.3. Product Benchmarking
- 10.6.10.4. Recent Developments
- 10.6.11. Bioiberica S.A.U
- 10.6.11.1. Participant's Overview
- 10.6.11.2. Financial Performance
- 10.6.11.3. Product Benchmarking
- 10.6.11.4. Recent Developments
- 10.6.12. PetVivo Holdings, Inc. (Spryng)
- 10.6.12.1. Participant's Overview
- 10.6.12.2. Financial Performance
- 10.6.12.3. Product Benchmarking
- 10.6.12.4. Recent Developments
- 10.6.13. Contipro A.S.
- 10.6.13.1. Participant's Overview
- 10.6.13.2. Financial Performance
- 10.6.13.3. Product Benchmarking
- 10.6.13.4. Recent Developments
- 10.6.14. VetStem, Inc.
- 10.6.14.1. Participant's Overview
- 10.6.14.2. Financial Performance
- 10.6.14.3. Product Benchmarking
- 10.6.14.4. Recent Developments
- 10.6.15. Enso Discoveries
- 10.6.15.1. Participant's Overview
- 10.6.15.2. Financial Performance
- 10.6.15.3. Product Benchmarking
- 10.6.15.4. Recent Developments
- 10.6.16. Contura Vet US
- 10.6.16.1. Participant's Overview
- 10.6.16.2. Financial Performance
- 10.6.16.3. Product Benchmarking
- 10.6.16.4. Recent Developments
- 10.6.17. T-Cyte Therepeutics
- 10.6.17.1. Participant's Overview
- 10.6.17.2. Financial Performance
- 10.6.17.3. Product Benchmarking
- 10.6.17.4. Recent Developments
- 10.6.18. MEDREGO LLC
- 10.6.18.1. Participant's Overview
- 10.6.18.2. Financial Performance
- 10.6.18.3. Product Benchmarking
- 10.6.18.4. Recent Developments
- 10.6.19. Bimeda U.S.
- 10.6.19.1. Participant's Overview
- 10.6.19.2. Financial Performance
- 10.6.19.3. Product Benchmarking
- 10.6.19.4. Recent Developments
- 10.6.20. Hyalogic
- 10.6.20.1. Participant's Overview
- 10.6.20.2. Financial Performance
- 10.6.20.3. Product Benchmarking
- 10.6.20.4. Recent Developments
- 10.6.21. Hester Biosciences
- 10.6.21.1. Participant's Overview
- 10.6.21.2. Financial Performance
- 10.6.21.3. Product Benchmarking
- 10.6.21.4. Recent Developments