Europe Veterinary Orthopedics Market Size, Share, Industry, Forecast and outlook (2024-2031)

Europe Veterinary Orthopedics Market is Segmented By Product (Plates, Instruments, Implants, Screws, Others), By Application (Trauma Fixation, Total Knee Replacement, Total Elbow Replacement, Total hip replacement, Others), By End-User (Hospitals, Clinics), By Country (Germany, U.K., France, Italy, Spain, Rest of Europe) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Europe Veterinary Orthopedics Market Size

The Europe Veterinary Orthopedics market reached USD 94 million in 2022 and is projected to witness lucrative growth by reaching up to USD 152 million by 2030. The market is growing at a CAGR of 6.4% during the forecast period (2023-2030).The Europe Veterinary Orthopedics market is segmented based on product type, application, end-user,andcountry.

The Small Animal Surgical Service's Orthopedic Surgery branch specializes in treating ailments of the dog or cat's musculoskeletal system, which includes its bones, joints, muscles, tendons, and ligaments. Many of these conditions can be treated medically and don't need surgery. However, if surgery is necessary, it's conceivable that minimally invasive methods will be used to lessen the procedure's pain, shorten the hospital stay, and hasten recovery.

Europe Veterinary Orthopedics Market Scope

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Europe Veterinary Orthopedics Market Dynamics and Trends

The number of pet adoptions is rising and is expected to drive growth in the Europe veterinary orthopedics market    

The number of companion animals and the adoption rate have both significantly increased. According to numerous studies, having a companion animal has been associated with several health advantages, including fewer cardiac arrhythmias, stable blood pressure, less anxiety, increased psychological stability, and improved well-being. The demand for pet care products and services will rise as the number of pets rises, boosting the development of allied sectors like veterinary imaging.

For instance, the European Pet Food Federation (FEDIAF) 2021 has published its yearly review of the European pet market and population. A stunning 88 million families (38%) profit from owning pets, and the pet food market has increased by 2.8% to reach $21.8 billion. With 21.2 billion spent on services and products, an increase of 7.6% over the previous year and 1.5 billion, pets also receive rewards for their company during the pandemic. This translates to $9.2 billion in accessories and $12,000 in services.

And there are around 140 million pet animals in the European Union, according to Cooper Pet Care 2022. (including Norway and Switzerland). This is an increase of 6 million from 2021. (when there were around 140 million pets among us). About 67 million dogs and 80 million cats are included in this group of pets. Cooper Pet Care has gathered information regarding the number of cats and dogs in EU member states from various trustworthy sources.

The high cost of orthopedic surgery products is anticipated to hamper the growth of the market   

Due to the high expenditure on orthopedic surgery, it is projected that the market for veterinary orthopedic implants will grow gradually. The supplies, X-rays, and other items needed for surgery often need to be within reach for many families. The need for more skilled veterinarians is another factor that can restrict the market growth.

Europe Veterinary Orthopedics Market Segment Analysis

The hospital segment is expected to grow at the fastest CAGR during the forecast period(2023-2030)

Based on end user, the Europe veterinary orthopedicsmarket is segmented into hospitals and clinics. Among these, the hospital segment has the largest market share in 2022, mainly due to orthopedic procedures and operations are better suited for the hospital sector, which also gets the largest traffic. Because it provides the infrastructure needed for diagnostic tests and post-surgical procedures, which are expected to drive market expansion throughout the forecast period, this industry is a top choice for pet parents. The industry will expand as infrastructure investments in pet care increase. Pet owners are increasingly opting to take their animals to veterinary facilities for all of their care needs because they are fully staffed with skilled personnel and cutting-edge equipment.

For instance, in August 2022, One of Europe's biggest animal hospitals, the Tierklinik Hofheim in Germany, formally joined IVC Evidensia. A renowned referral center, Tierklinik Hofheim, has approximately 100 veterinarians on staff as well as about 300 total workers, including veterinary nurses and support personnel. The clinic has a broad range of specialties, including neurology, dentistry, breeding studies, imaging diagnostics, internal medicine, and intensive care medicine. It also specializes in the diagnosis and treatment of a wide variety of medical disorders. The renowned Hofheim Veterinarian Days, advanced training days well-known in our field throughout Germany and beyond, are held at the hospital.

Source: DataM Intelligence Analysis (2023)

Europe Veterinary Orthopedics Market Geographical Share

Germany holds the largest market share of the Europe Veterinary Orthopedics Market

In the Europe region, Germany is the most dominant country in Europe’s Veterinary Orthopedics market, owing to the any is expected to hold a sizeable market share in the industry under investigation over the forecast period due to rising animal adoption and expanding meat export. For instance, the FEDIAF report 2021 states that 10,300,000 dogs and 16,700,000 cats make up the estimated 27,000,000 pets in Germany. Additionally, according to Der Deutsche Heimtiermarkt, in May 2022, the proportion of mixed-breed dogs increased from 42% to 44%. It is therefore projected that when more pets are adopted in Germany, there will be greater demand for veterinary services, which will drive market growth.

Also, according to a Global Agriculture Information Network report, Germany had 35 million pets and 82 million of the world's wealthiest consumers in May 2022, making it a prominent market for pet food goods. As a result, growth is anticipated throughout the projection period in Germany due to factors including increased animal adoption.

Source: DataM Intelligence Analysis (2023)

Europe Veterinary Orthopedics Market Companies

The major Europe players include Elanco, Virbac, Abaxis Inc., Bayer AG, Idexx Laboratories, MSD Animal Health, Greencross Vets, Boehringer Ingelheim International GmbH, Vetoquinol UK Limited, Zoetis Animal Healthcare.

Key Developments

• InJuly 27, 2020, Belgian veterinary biotech company named Europe Stem Cell Technology (GST) has been acquired by Boehringer Ingelheim. GST is committed to researching, creating, and manufacturing regenerative medicine (stem cell therapies) for treating orthopedic and metabolic disorders in animals. In 2018, Boehringer Ingelheim and GST partnered; in 2019, the firms introduced Arti-Cell Forte in Europe.
• In February 2019, Vet Family, a top service provider for independent veterinary clinics in Europe, is acquired by Fidelio.

Why Purchase the Report?

• To visualize the Europe Veterinary Orthopedics- market segmentation based on product, application, andregion, as well asunderstand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of Veterinary Orthopedics market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth
• Product mapping available as excel consisting of key products of all the major players.

• The Europe Veterinary Orthopedics market report would provide approximately 64 tables, 58 figures, and 195 Pages.

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Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies