Animal Ortho-Prosthetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Animal Ortho-Prosthetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Animal Ortho-Prosthetics Market was estimated to grow at a CAGR of 7.1% during the forecast period of 2022-2027.

The COVID-19 pandemic is expected to have a significant impact on the market. There are a few known COVID-19 infections among pets, globally. According to the National Center for Immunization and Respiratory Diseases, data updated in July 2022, there have been a few cases of infected mammalian animals in close contact with humans passing the virus, although this is unusual. These instances involve domestic cats in Thailand, white-tailed deer in Canada, pet hamsters in Hong Kong, and mink raised on farms in Europe and the US. In most of these instances, it was recognized that a person with COVID-19 had initially infected the animals. People with suspected or confirmed COVID-19 should avoid contact with animals, including pets, livestock, and wildlife. The Covid-19 pandemic has had a big influence on daily life this year, but it has also had an impact on our furry friends' eating habits, level of exercise, and weight, which may have an impact on their quality of life. According to findings from a recent poll by Hill's Pet Nutrition and Kelton Global, while overweight pets and pet obesity have been on the rise for years, Covid-19 has exacerbated this problem. More than 71% of pet professionals, including veterinarians, claim that the pandemic has changed how pets eat. In April 2020, the Center for Disease Control and Prevention (CDC) and the United States 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

Factors such as the high prevalence of obesity and the increase in the pet population are expected to propel market growth. As per an article titled “Too Much of a Good Thing: The Pet Obesity Problem” published in March 2022, more than 50% of dogs and cats in the United States are obese or overweight, making pet obesity an epidemic. Overweight or obese pets are more likely to develop several health issues that could shorten their lifespan and lower their quality of life. Fortunately, with good weight control, many weight-related health problems in pets can be resolved. Similarly, as per an article titled “Is Dog Owner Obesity a Risk Factor for Canine Obesity? In a “One-Health” Study on Human-Animal Interaction in a Region with a High Prevalence of Obesity” published in May 2022, recent studies of prevalence estimated that 59.5% of cats and 55.8% of dogs in the United States were overweight or obese. In addition, new standards have been established for dogs, defining obesity as weight greater than 15% of the ideal weight. Thus, the increasing obesity in pets is expected to drive market growth.

As per an article titled “Associations of early-life pet ownership with asthma and allergic sensitization: A meta-analysis of more than 77,000 children from the EU Child Cohort Network” published in July 2022, the prevalence of early-life cat and dog ownership ranged from 12% to 45% and 7% to 47%, respectively. Thus, the increasing rate of ownership of pet animals is expected to accelerate market growth. According to Waldorf Emergency Care, data updated in 2022, Pets can break their bones for any number of reasons: falls, auto accidents, or even fights with other animals. Fractures, both open and closed, are very painful for animals to experience. It can make them act out of character by snarling, pulling away, or biting. Even the calmest and friendliest pets can snap during the pain of a fracture. Therefore, the fractures in pets and domestic animals are expected to boost the market growth.

Additionally, owing to the direct association of obesity and overweight with osteoarthritis and mobility issues in animals, an increase in the disorder is expected to boost demand for ortho-prosthetics. Excess fat and body weight increases the load on joints resulting in the progression of arthritis and further difficulty in movement. Hence, the prevalence of joint inflammatory diseases is expected to grow with the rise in the prevalence of obesity, which has currently been identified as the most common nutritional health problem in dogs. The prevalence of obese dogs is expected to increase in the United States, driving the growth of the ortho-prosthetics market.

Thus, the aforementioned factors, along with the rising adoption and increasing population of animals, are expected to drive market growth over the forecast period.

Key Market TrendsProsthetics Segment is Expected to Grow Over the Forecast Period in the Animal Ortho-Prosthetics Market

The Prosthetics segment of the market will witness significant growth in the forecast years as it offers certain advantages over other products and is an appropriate alternative for surgical procedures and post-surgical assistance for recovery. Animal prostheses are medical devices that replace missing or amputated limb segments in animals. The technological advancements in prosthetics, along with the rising adoptions, are the adoption factors boosting the market growth. The prices of the prosthetics and other supportive materials are around USD 1,000 for prosthetic limbs and USD 500 for braces, which are less expensive than surgery. However, according to the reports, surgery to fix ACL in dogs can cost around USD 3,300. Furthermore, advancements in products and the advent of cost-effective 3D printed prosthetics are expected to further boost the market growth. Also, many organizations’ rising awareness regarding prosthetics helps to grow the market share. 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 across the world and then makes the prosthetic legs or braces at its location in Sterling, Virginia.

As per an article titled “New technologies applied to canine limb prostheses: A review” published in October 2021, since the prosthetics provide an alternative to killing the animal in dire circumstances where amputating the limb is the only choice, the design of canine limb prostheses and their clinical application is gaining more and more attention. Using a prosthetic to restore the normal function of canine limbs that have been severed is difficult. But recent developments in surgical techniques and prosthesis design technologies seem to hold promise for creating devices that closely mimic natural canine limb function. This is expected to boost the market growth. The emotional attachment between the pets and the owners is also reasonably expected to accelerate the growth in the market. For instance, according to the American Veterinary Medical Association-2021, 60% and 46% of the United States population own at least one pet and a dog, respectively. The interaction between dogs and humans is physically and emotionally beneficial for both species. According to an article titled “New technologies applied to canine limb prostheses: A review” published in October 2021, to meet the user's functional requirements, a prosthesis must be developed with the proper materials, design, construction, and alignment.

Many key players contribute to the growth of the market with their innovative products to help pets and their owners with prosthetics. For instance, Bionic Pets provides fabricates hand-crafted pet prosthetics and orthotics, and help animals get their mobility back, producing custom-made pet prosthetic limbs and prosthetic legs for animals of all weights and sizes. This is expected to boost the market in the forecast period.

Hence, owing to the aforementioned factors, the market for prosthetics is expected to have notable market growth over the forecast period.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

The geographical analysis of the animal ortho-prosthetics market states the dominance of North America in the global market. The major factors attributing to the dominance and growth of this region are higher availability of therapeutic options for animals, greater awareness regarding ortho-prosthetics, the presence of major market players, and rising animal health expenditure. The United States is expected to dominate the North American animal ortho-prosthetic market over the forecast period, owing to the rising companion animal adoption, rising prevalence of canine arthritis, and increase in per capita animal health expenditure.

As per an article titled “22 Fascinating Pet Industry Statistics & Facts (2022 UPDATE)” published in February 2022, it was estimated that the United States pet industry reached USD 99 billion in 2020. 61% of United States pet owners will pay more for foods to target pets’ dietary needs. Dog owners spend USD 73 a year on grooming. And 21% of pet owners spent more money on pets during the Covid-19 pandemic. Hence, the rise in the prevalence of canine obesity, traumatic injuries, and high awareness about pet health among pet owners are propelling the market growth.

Competitive Landscape

The Animal Ortho-Prosthetics market is slightly consolidated whith a few large global players and many smaller players in the market. Various companies like Animal Ortho Care, K-9 Orthotics & Prosthetics Inc, B. Braun Vet Care GmbH (B. Braun), DePuy Synthes (Johnson & Johnson), GPC Medical Ltd, MWI Veterinary Supply Co., and Rita Leibinger GmbH & Co. KG, etc. are providing these products across the globe.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Technological Advancements
4.2.2 Growing Number of Companion Animals
4.2.3 Increasing Prevalence of Obesity in Pets
4.3 Market Restraints
4.3.1 Lack of Awareness and Absence of Veterinary Ortho-Prosthetics Care in Emerging Countries
4.3.2 High Cost of Ortho-Prosthetics and Lack of Insurance in Many Countries
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Braces
5.1.1.1 Carpel Brace
5.1.1.2 Contracting Bracing
5.1.1.3 Hip Brace
5.1.1.4 Others
5.1.2 Prosthetics
5.1.3 Other Product Types
5.2 End User
5.2.1 Veterinary Hospitals and Clinics
5.2.2 Veterinary Rehabilitation Centers
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Animal Ortho Care
6.1.2 K-9 Orthotics & Prosthetics Inc
6.1.3 B. Braun Vet Care GmbH
6.1.4 DePuy Synthes (Johnson & Johnson)
6.1.5 GPC Medical Ltd
6.1.6 MWI Veterinary Supply Co.
6.1.7 Rita Leibinger GmbH & Co. KG
6.1.8 KYON PHARMA Inc.
6.1.9 Specialized Pet Solutions
6.1.10 Petsthetics LLC
6.1.11 J.G. McGinness Prosthetics & Orthotics
6.1.12 M.H. Mandelbaum Orthotic & Prosthetic Services
6.1.13 OrthoPets Veterinary Orthotics and Prosthetics Center
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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