Animal Ortho-Prosthetics Market is segmented By Product Type(Braces, Prosthetics and Others), By Animal Type(Companion Animals and Livestock animals), By End-User( Veterinary Hospitals and Clinics and Veterinary Rehabilitation Centers) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2023-2030.
Animal Ortho-Prosthetics Market" is predicted to reach at a high CAGR of 7.8% during the forecast period (2023-2030). An animal orthopedic prosthetic is an artificial device that helps to replace lost or missing body parts due to disease, trauma, or congenital conditions.
Market Dynamics
The increasing prevalence of canine obesity is expected to drive the market.
According to the article, 21 August 2020. Canine obesity is linked with comorbidities, a shortened lifespan, and a poorer quality of life, but epidemiological studies characterizing canine obesity in Latin America are rare. Therefore, a study was conducted to determine the prevalence of canine obesity in Sao Paulo, Brazil, and the possible causal factors. Randomly selected households from different city-regions are visited. Dogs in each household were assessed, and owners completed a questionnaire while their anthropometric measures are taken. 285 dogs from 221 owners are included, and the combined prevalence of overweight and obesity was 40.5%. The prevalence of overweight and obesity was greater in female dogs (P = 0.003) and neutered dogs (P = 0.001). There was also a positive association between BCS and frequency of visits to a veterinarian (P = 0.026), feeding frequency (P = 0.033), and higher snack intake (P = 0.011). Further, the BCS of dogs was greater when their owners reported consuming more snacks themselves (P = 0.005) and who had older people in the household (P = 0.006). In conclusion, the prevalence of obesity in a Brazilian metropolitan region was similar to that in other countries, and neutering and snack intake were associated with the development of this disease.
The high cost of incurable eye diseases is expected to hamper the growth of the market.
According to the research article, on November 20, 2020. Various incurable eye diseases in companion animals often result in phthisis bulbi and eye removal surgery. The evisceration method using silicone balls is currently useful in animals; however, it is unavailable for impaired cornea or severe ocular atrophy. Moreover, ocular implants and prostheses are not widely used because of animal size and eye shape diversity and high manufacturing costs. Thus, based on the type of surgery, the cost depends; and the market is expected to hamper in the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has caused overwhelming challenges in healthcare worldwide. There are a few known COVID-19 infections among pets globally. According to the American Veterinary Medical Association, in May 2020, one cat in Hong Kong tested positive without displaying symptoms, while a cat in Belgium recovered after nine days. In April 2020, the CDC and the US Department of Agriculture’s (USDA) National Veterinary Services Laboratories (NVSL) confirmed the cases of two pet cats that COVID-19 infected. These were the first pets in the United States to test positive for the disease. According to the American Veterinary Medical Association conducted in 2020, only 30% of veterinary practices use telemedicine to provide services. Close to 20% of practices were only seeing emergency-related cases at the time of the survey. However, orthopedic and implants are treated as emergency care, and many series providers are implementing the same. For instance, as of June 2020, MSU College of Veterinary Medicine leadership announced a working reopening plan in the coming months.
Animal Ortho-Prosthetics Market Segment Analysis
The Prosthetics segment is expected to hold the largest market share in this market segment.
The prosthetic segment has accounted for the largest revenue share in 2020. The segment growth benefits because it offers certain advantages over other products and is considered an appropriate alternative for surgical procedures, Post-surgical assistance for recovery is expected to boost the market in the forecast period. For instance, Penn State alum’s startup, Bionic Pets, is an organization that creates prosthetics and braces for many kinds of animals. It ships casting molds worldwide and then makes the prosthetic legs or braces at its location in Sterling, Virginia. Moreover, advancements in products and the advent of cost-effective 3D printed prosthetics are the factors that are expected to hold the largest market share in the forecast period from the above factors.
Animal Ortho-Prosthetics Market
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Metrics |
Details |
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Market CAGR |
7.8% |
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Segments Covered |
By Product Type, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
Geographical Analysis
North America region holds the largest market share in the global animal ortho-prosthetics market.
North America dominated the market and accounted for the largest revenue share in 2020. The region's growth is attributed to the rising prevalence of canine arthritis and increased per capita animal health expenditure is expected to boost the market in the forecast period, for instance, according to the American Kennel Club, on January 15, 2021. A dog's diet is always of the utmost importance and even more so if the dog has arthritis. Excessive weight causes extra strain on dogs' bodies and joints. However, exercise may be difficult, especially if the arthritis is severe. One in five dogs has canine arthritis, according to the Arthritis Foundation. If any older dog has started to slow down on walks and has difficulty getting up and down the stairs, the dog may be suffering from arthritis. This disease, most commonly seen in older dogs, can affect the legs, hips, back, and more—making everyday movements painful.
Moreover, higher availability of therapeutic options for animals, greater awareness regarding ortho-prosthetics, the presence of major market players, and rising animal health expenditure are the factors that are expected to hold the largest market share in the North American region during the forecast period.
Competitive Landscape
The animal ortho-prosthetics market is vast with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Animal Ortho Care, DePuy Synthes (Johnson & Johnson), K-9 Orthotics & Prosthetics Inc, Rita Leibinger GmbH & Co. KG, B. Braun Vet Care GmbH (B. Braun), Appletree Orthotic Services Ltd, GPC Medical Ltd and MWI Veterinary Supply Co. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the animal ortho-prosthetics market globally. In December 2020, L'il Back Bracer launched a new dog back brace called the Haute L'il Back Bracer.
Animal Ortho-Prosthetics Market Key Companies to Watch
Animal Ortho Care:
Overview:
Animal Ortho Care is a manufacturer of dog leg braces and pain management products for animals. The company develops customized dog knee brace, back brace, hip brace, spinal brace, ankle brace, wrist brace and shoulder brace for treating injuries and deformities in pet dogs.
Product Portfolio:
Animal Ortho Care is into continuous manufacturing of products which include Performance Dog Knee Brace, Custom Dog Knee Brace, L'il Back Bracer Dog Back Brace, EMbrace Relief System- Hip, Back, & Shoulder Therapy, EMbrace Knee Support and Custom Dog Brace - Replacement Padding
The global animal ortho-prosthetics market report would provide access to an approx. 49 market data tables, 46 figures and 180 pages.
