Market Overview:
Global Veterinary Pain Management Market size was valued at USD 4.3 billion in 2019 and is poised to grow from USD 4.5 billion in 2023 to USD 6.12 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031). The Veterinary Pain Management market is poised for considerable growth, propelled by several key drivers, such as rising cases of neurological disorders, continuous technological innovation, and an increasing need for minimally invasive procedures, are expected to take the Veterinary Pain Management market to considerable heights.
Other factors contributing to this can be attributed to the large and rapidly growing patient population suffering from such targeted diseases in key markets, resulting in a significant rise in demand for Veterinary Pain Management. One of the major factors acting as a potential catalyst to drive the market growth over the forecast period is a high prevalence of acute ischemic stroke.
Market Insights:
Veterinary Pain Management Market Drivers
Increasing Funding for animal welfare to drive market growth. The rise in companion animal ownership and large livestock population, the rise in pet insurance with an increase in animal welfare spending, and the rising prevalence of animal diseases are all expected to influence the global veterinary pain management industry’s growth. Furthermore, the industry’s expansion is being driven by an increase in the need to maintain animal health and safety in developed countries, as well as an increase in the acceptance of pet insurance globally. Furthermore, the rise in the incidence of animal diseases that cause pain and inflammation is propelling the industry forward. The growing number of pet owners globally is expected to aid business growth over the forecast period.
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Key Market Segments:
Drug type
Opioids, Morphine, Hydromorphone, Codeine, α2-adrenergic Agonists, Xylazine, Medetomidine, Local Anaesthetics, Bupivacaine, Lidocaine, Chloropropane, Nonsteroidal Anti-inflammatory Drugs (NSIDs), Etodolac, Fentanyl, Meloxicam, Sedatives, Corticosteroids, Others
Animal type
Livestock animal, Companion animal
End users
Veterinary Hospital pharmacies, Retail Veterinary Pharmacies, Online Pharmacies
Route of administration
Oral Preparations, Parenteral Preparations
Distribution channel
Veterinary Hospitals, Pharmacies
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Regional Insights:
Based on region global veterinary pain management market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. Regionally, North America and Europe have the potential to be revenue-generating markets for veterinary pain management. Significant pet ownership, particularly in North America, is providing vast growth opportunities for the overall market. Furthermore, rising animal healthcare expenditure and a rapidly increasing number of veterinarians are fuelling the prospects. Furthermore, these regions are seeing an increase in research and development spending to better understand the pathological causes of pain in animals.
Asia Pacific and other developing regions, on the other hand, are expected to hold significant potential in the global veterinary pain management market. Rising demand for large livestock populations will drive growth in these regional markets. Furthermore, there is a growing awareness of pet insurance, as well as an increase in the amount of money spent on animal health care.
Prominent Players in Veterinary Pain Management Market:
- Zoetis
- Elanco
- Bayer AG
- Boehringer Ingelheim International GmbH
- Merck & Co., Inc.
- Dechra Pharmaceuticals PLC
- Norbrook Holdings Limited
- Ceva Sante Animale
- Vetoquinol S.A.
- Aratana Therapeutics Inc.
- Kindred Biosciences Inc.
- Biogal-Galed Labs.
- Nutramax Laboratories Veterinary Sciences Inc.
- K-Laser USA
- Assisi Animal Health
- Ellevet Sciences
- VOM Technology
- Innovative Animal Products
- Grunenthal GmbH
- Parnell Pharmaceuticals Inc.
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Additional Insights:
Market Penetration: Analysis of the product portfolio of different market players and the status of new product launches.
Product Development/Innovation: Assessment of R&D activities, new product development, and emerging trends.
Market Development: Analysis of regions with high growth potential.
Market Diversification: Assessment of new products, recent developments, and emerging regional markets.
Competitive Landscape: Growth strategies, revenue analysis, and product innovations by market players.
Key Questions Answered in Veterinary Pain Management Market Report:
What is the global market size of the Veterinary Pain Management Market?
Who are the key vendors in the Veterinary Pain Management Market?
What is the key driver of the Veterinary Pain Management Market?
What is the key market trend for the Veterinary Pain Management Market?
Which region accounted for the largest share in the Veterinary Pain Management Market?
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