July 10, 2023 : The global veterinary orthotics-prosthetics market is predicted to experience significant growth, with a projected CAGR of 9.5% from 2023 to 2033. By 2023, the market is expected to surpass US$66.5 million; by 2033, it is anticipated to reach a valuation of US$164.2 million.
The rise in pet ownership worldwide has led to a shift in perception, with many individuals considering their pets as integral members of their families. This trend of pet humanization has played a crucial role in driving market growth. As the bond between humans and their pets strengthens, there is an increasing demand for advanced medical care, such as orthotics and prosthetics, to improve the quality of life for animals facing mobility issues.
The availability of animal orthotics and prosthetics has become more widespread, increasing awareness among pet owners and veterinarians. With easy access to information through the internet, social media, and veterinary conferences, individuals are becoming more knowledgeable about the options available to enhance their pets’ mobility and overall well-being.
Recent advancements in veterinary medicine have resulted in the developing of state-of-the-art orthotic and prosthetic devices designed specifically for animals. These devices are comfortable, technologically advanced, and capable of treating various musculoskeletal conditions in animals.
Continuous developments in materials, manufacturing techniques, and 3D printing technology have significantly improved the design and functionality of veterinary orthotics and prosthetics. These advancements enabled the production of accurate and personalized devices, ensuring a better fit and increased durability, thereby stimulating market growth.
In recent years, veterinary rehabilitation has gained popularity as a specialized field of veterinary medicine. Rehabilitation centers and clinics now offer a range of treatments, including orthotics and prosthetics, to aid animals in their recovery and rehabilitation following surgeries, injuries, or chronic diseases.
Using orthotics and prosthetics in rehabilitation programs has further contributed to market growth. Additionally, there is a growing demand for customized and unique orthotic and prosthetic solutions in animal healthcare, considering that each animal has unique anatomical features and functional needs. Custom device manufacturing has become more feasible and cost-effective, driving industry growth.
Notable recent developments in the field include: