Canine Arthritis Treatment Market size was valued at USD 2.45 billion in 2023 and is set to cross USD 4.4 billion by 2036, expanding at more than 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of canine arthritis treatment is evaluated at USD 2.54 billion.
The growth of the market can be attributed to the growing prevalence of arthritis among dogs, especially in the bulkier breeds, such as, German shepherd, bulldog, and golden retrievers. Obesity in pets, along with lack of physical activities, are the major causes for arthritis in canines. The growing trend of keeping pets in the small urban apartments, where they do not get enough space for physical activities, is also one of the major causes for arthritis in dogs. These factors are estimated to drive the market growth. Moreover, rising number of animal NGOs and other volunteer organizations, that work for stray dogs, is estimated to further boost the market growth.
Growth Drivers
Challenges
2023 |
|
Forecast Year |
2024–2036 |
CAGR |
4.6% |
Base Year Market Size (2023) |
USD 2.45 billion |
Forecast Year Market Size (2036) |
USD 4.4 billion |
Regional Scope |
|
The market is segmented by type into joint instability, joint incongruity, osteochondrosis, and others out of which, the osteochondrosis segment is anticipated to hold the largest share in the market during the forecast period on account of highest prevalence of this disease, as it is most common in dogs above 8 years of age. On the basis of diagnosis, the market is segmented into X-ray, arthroscopy, MRI, and others, out of which, the X-ray segment is expected to garner highest revenue, owing to the ease of getting X-ray imaging of pets, as compared to other methods
Our in-depth analysis of the global market includes the following segments:
Type |
|
Diagnosis |
|
Treatment |
|
Regionally, the canine arthritis treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is likely to dominate majority revenue share by 2036, on the back of high pet population, in the U.S. which raised the demand for arthritis treatment for canines. Moreover, according to the American Pet Product Association, the national pet products industry exceeded USD 100 billion in 2020. This is anticipated to boost the regional market growth.
The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period on the back of increasing number of NGOs working for animal welfare, along with increasing population of pets. China has the highest dog population in Asia Pacific region, with over 25 million dogs, followed by Japan with 12 million, Philippines with more than 11.5 million, and India with around 10 million pet dogs, as of 2019. This is estimated to boost the market growth in the region.
Author Credits: Radhika Pawar
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