Paw Veterinary Splint Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (Adjustable, and Non-Adjustable), By Size (Small, Medium, and Large), By Material Type (Plastic, Metal, Fabric, Foam, Composite), By End-User (Veterinary Clinics and Hospitals, Aid Organizations, and Animal Shelters) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global Paw Veterinary Splint Market was valued at USD 214.5 Million in 2023 and is anticipated to reach a value of USD 313.0 Million by 2031 expanding at a CAGR of 4.9% between 2024 and 2031.

The paw veterinary splint is a medical device used in veterinary medicine to support and protect an injured or weak paw in animals. These splints are typically made of lightweight and durable materials such as plastic or aluminum. It is most commonly used for animals, such as dogs or cats. It is same as human splint but especially designed for the anatomy and needs of the animal’s paw. These splint provide stability to the injured area while allowing the animal to move around easily. The paw veterinary splint used to stabilize fractures, ligament and tendon injuries, soft tissue injuries, and post-surgical recovery. These splint reduces pain, protects the injury, and provides support and stability to the injured area. The growth of the market can be attributed to the factors including increased adoption of pet animals, increased awareness of animal injuries, increased animal healthcare expenditure, and rising prevalence of orthopedic injuries.

Paw Veterinary Splint Market Major Driving Forces

Increased Adoption of Pet Animals: The increasing number of pet owners around the globe is significantly attributed to the growth of paw veterinary splints market. The increased disposable incomes and affection towards pet animals are some driving factors of the paw veterinary splints market.

Increased Awareness of Animal Injuries: The growing awareness about animal health and welfare are some significant factors driving demand for paw veterinary splints. Growing awareness among pet owners about the importance of pet health and available treatments, such as splints drives the market growth.  

Increased Animal Healthcare Expenditure: There has been a significant rise in veterinary healthcare expenditure, which is expected to drive the market growth. The veterinary healthcare expenditure is rising across the globe owing to rising pet ownerships and their spending on animal health.

Rising Prevalence of Orthopedic Injuries: The increasing prevalence of orthopedic injuries and diseases in pets, such as fractures, ligament tears, and arthritis are also contributed to the market growth. As pet owners increasingly seek specialized medical treatment for their pets, the demand for paw veterinary splint is growing. 

Paw Veterinary Splint Market Key Opportunities

Technological Advancements: Continuous technological innovation is leading to the development of more advanced and accurate paw veterinary splints. Technological advancement includes utilization of 3D printing technology, and advanced, lightweight, and durable materials to improve the comfort and mobility of pets.

Expansion into Emerging Nations: Emerging nations such as Asia pacific, Latin America, and Middle East and Africa are expected to witness a significant growth in paw veterinary splints market. The expansion of paw veterinary splints market into developing countries is expected to create lucrative opportunity for the market.

Increasing Number of Veterinary Clinics and Hospitals: The increasing number of veterinary clinics and hospitals is expected to provide opportunities for paw veterinary splint market growth. Due to rapid adoption of modern lifestyle, spending on animal health has increased income in emerging regions. This leads to increased spending on animal health which is further creating a demand for advanced medical treatment for animals.

Paw Veterinary Splint Market Key Trends

·         Ongoing advancements in veterinary surgical techniques is a significant factor influencing the market growth

·         The increasing number of veterinary clinics and hospitals is another significant factor boosting demand for paw veterinary splints

·         The growing emphasis on the development of innovative splinting materials and technologies

·         The growing need for advanced medical care for pets is a key factor propelling the demand for paw veterinary splints

·         The increasing pet ownership worldwide and the growing awareness about animal health is a notable trend in the industry

·         Increased use 3D printing technology to create custom-made splints for individual pets is gaining traction

·         The rising prevalence of orthopedic injuries and diseases in pets, such as fractures, ligament tears, and arthritis is a fueling the demand for paw veterinary splints significant factor

Region-wise Market Insights

North America accounted for the largest market share at 33.6% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 5.3% between 2024 and 2031.

In North America, the demand is driven by increased insurance expenditure on animal health, and robust adoption of pet animals by population, and growing veterinary healthcare industry in the region. Additionally, the presence of healthcare programs for the awareness of animal health and the rise in initiatives to promote animal health are some factors expected to boost the growth of a paw veterinary splint market. In Europe, the market growth is attributed to the rising awareness about pet healthcare, and growing emphasis on preventative care. In Asia-Pacific, the market is characterized by increasing disposable income, rapidly growing pet ownership, and growing awareness about advanced veterinary treatments which has created an increasing demand for paw veterinary splints. The Middle East and Africa has been witnessing a growing demand for paw veterinary splints with growing focus on pet health and wellness whereas, in South America, the market is influenced by economic development, with rising pet ownership and increasing veterinary care.

Market Competition Landscape

The global paw veterinary splint market is highly consolidated with the presence of well-established and emerging players. These prominent players offer a wide range of veterinary diagnostics products and solutions to strengthen their position in the market. This report discuss organic and inorganic growth strategies being adopted by the key players in the paw veterinary splint market. These strategies include new product launches, mergers & acquisitions, business partnerships, and various expansion initiatives being undertaken by the active players to meet evolving consumer preferences. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions.

Key players in the global paw veterinary splint market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         KVP International, Inc.

·         Walkin' Pets

·         KRUUSE

·         MedicalExpo

·         SM Trade &Technology

·         OrthoVet

·         Millpledge Veterinary

·         HandicappedPets

·         Benik Corporation

·         Jorgensen Laboratories

·         Thera-Paw

·         Animal Ortho Care

·         Medivet

·         VetMed Group LLC