Global Animal Prosthetics Market Growth 2024-2030

Global Animal Prosthetics Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Animal Prosthetics market size was valued at US$ 409.9 million in 2023. With growing demand in downstream market, the Animal Prosthetics is forecast to a readjusted size of US$ 701.9 million by 2030 with a CAGR of 8.0% during review period.

The research report highlights the growth potential of the global Animal Prosthetics market. Animal Prosthetics are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Animal Prosthetics. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Animal Prosthetics market.

The significance of animal walking aids in the treatment of disabled animals is not only aesthetics, but also to help animals re-experience the beauty of life and avoid some more serious physical diseases that may occur in the future due to their disabilities.

According to data from the company's "Pet Products Research Center", the global pet industry will reach US$246 billion in 2022, a year-on-year increase of 11.3%. The United States has the highest pet penetration rate and is also the largest pet consumer market. According to data from the American Pet Products Association (APPA), 66% of American households own pets, and the total industry sales are approximately US$136.8 billion, an increase of 10.8% from 2021. . IVH, the German Pet Products Industry Association, stated that the number of pets in Germany will be as high as 33.4 million in 2022, with a total turnover of nearly 6.5 billion euros. The "2023 China Pet Industry Trend Insights White Paper" released by JD.com shows that China's pet industry is showing a trend of "red ocean near, blue ocean far away". In 2023, the number of pet-raising households in China will exceed 100 million, and the market size will reach 129.6 billion yuan. Specifically, the market sizes of the four major physical pet products are all increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 9%. Pet medical care is the pet industry’s economic industry second only to pet food. In the UK, annual spending on veterinary and other pet services has increased from £2.6 billion in 2015 to £4 billion in 2021, a 54% increase in just six years. Data from Vetnosis shows that the value of the global animal health industry increased by 12% in 2021, reaching $38.3 billion.

Key Features:

The report on Animal Prosthetics market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Animal Prosthetics market. It may include historical data, market segmentation by Type (e.g., Orthotics, Prosthetics), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Animal Prosthetics market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Animal Prosthetics market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Animal Prosthetics industry. This include advancements in Animal Prosthetics technology, Animal Prosthetics new entrants, Animal Prosthetics new investment, and other innovations that are shaping the future of Animal Prosthetics.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Animal Prosthetics market. It includes factors influencing customer ' purchasing decisions, preferences for Animal Prosthetics product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Animal Prosthetics market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Animal Prosthetics market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Animal Prosthetics market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Animal Prosthetics industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Animal Prosthetics market.

Market Segmentation:

Animal Prosthetics market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Orthotics
Prosthetics

Segmentation by application
Pet Hospital
Rescue Center

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
OrthoPets LLC.
Animal Ortho Care
Handicapped Pets
My Pet's Brace
K-9 Orthotics & Prosthetics, Inc.
DePuy Synthes
Petsthetics
Doggon Wheels
Best Friend Mobility
Movora
Bionic Pets

Key Questions Addressed in this Report

What is the 10-year outlook for the global Animal Prosthetics market?

What factors are driving Animal Prosthetics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Animal Prosthetics market opportunities vary by end market size?

How does Animal Prosthetics break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.