Veterinary Orthotics-Prosthetics Market Size

Veterinary Orthotics-Prosthetics Market size was valued at USD 66.98 Billion in 2023 and is anticipated to reach USD 225.82 Billion by the end of 2036, expanding at around 9.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of veterinary orthotics-prosthetics is assessed at USD 72.89 Billion. The growth of the market can be attributed to the growing count of injured animals in road accidents and falls along with the increasing populace opting for veterinarian guidance and intervention. Furthermore, the growing trend of owning pets such as cats, dogs, and others is also expected to hike the market growth over the forecast year. For instance, it is estimated that approximately 1 to 3 million accidents occur on the road by motor vehicles either killing or injuring large animals annually in the United States.  Wildlife-vehicle accidents account for nearly 21% of reported accidents in rural states such as Wyoming.

Global veterinary orthotics-prosthetics market trends such as the growing animal population and the increasing number of veterinary hospitals are expected to influence the growth of the market positively over the forecast period. For instance, in 2021, more than 10 thousand veterinary hospitals were functioning in India, the number of veterinary dispensaries was evaluated to be around 25,000, and the number of veterinary aid centers reached approximately 26,000 in the same year. Additionally, several veterinary anesthesia equipment are used before the process in which orthotics-prosthetics are placed on injured or missing organs of the pets. Hence, the market is expected to grow exponentially over the forecast period.