North America Veterinary Orthopedic Medicine Market Size & Outlook
North America veterinary orthopedic medicine market, 2018-2030 (US$M)
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North America veterinary orthopedic medicine market highlights
- The North America veterinary orthopedic medicine market generated a revenue of USD 653.1 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Viscosupplements is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 653.1 million |
| Market revenue in 2030 | USD 1,114.9 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Viscosupplements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Viscosupplements, Pharmaceuticals |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Elanco Animal Health Inc, Daiichi Sankyo Co Ltd, Merck & Co Inc, Vetoquinol SA, Ceva Santé Animale, Virbac SA, Biogenesis Bago, Ardent Health Services, Biomerica Inc, PetVivo Holdings, Contipro, Medrego, Hyalogic |
Other key industry trends
- In terms of revenue, North America region accounted for 40.3% of the global veterinary orthopedic medicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 558.7 million by 2030.
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Veterinary Orthopedic Medicine Market Scope
Veterinary Orthopedic Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America veterinary orthopedic medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary orthopedic medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 46.72% in 2023. Horizon Databook has segmented the North America veterinary orthopedic medicine market based on biologics, viscosupplements, pharmaceuticals covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth can be attributed to rising prevalence of orthopedic conditions, increasing pet ownership, growing geriatric pet population, and presence of key market players like Zoetis & Elanco Animal Health in the region.
With advancements in veterinary care leading to longer lifespans for pets, there is a growing population of geriatric animals with age-related orthopedic issues, driving the demand for orthopedic interventions. Orthopedic conditions such as osteoarthritis, cruciate ligament injuries, hip dysplasia, and fractures are common in companion animals.
Prevalence of these conditions contributes significantly to the demand for orthopedic treatments. Furthermore, many public-private organizations are emerging in the region, which focuses on developing and implementing initiatives to improve animal health.
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Our clientele includes a mix of veterinary orthopedic medicine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary orthopedic medicine market, including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary orthopedic medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary orthopedic medicine market report size, by country, 2018-2030 (US$M)
North America Veterinary Orthopedic Medicine Market Share, 2023 & 2030 (US$M)
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