Overview and Scope
Veterinary pain management refers to a method that uses medicines and related products to support healing and recovery and to identify and treat the underlying condition to maintain the quality of health of an animal.
Sizing and Forecast
The veterinary pain management market size has grown rapidly in recent years. It will grow from $1.92 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing pet ownership, advancements in veterinary medicine, humanization of pets, regulatory support.
The veterinary pain management market size is expected to see rapid growth in the next few years. It will grow to $3.2 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rising geriatric pet population, globalization of veterinary care, focus on preventive healthcare, consumer education and advocacy. Major trends in the forecast period include technological integration, collaborations and partnerships, customized pain management plans, advancements in pain assessment tools, collaboration between veterinarians and behaviorists, nutraceuticals and functional foods.
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Segmentation & Regional Insights
The veterinary pain management market covered in this report is segmented –
1) By Product: Drugs, Devices
2) By Animal Type: Companion Animals, Livestock
3) By Distribution Channel: Hospitals and Clinics, Pharmacy
4) By Application: Joint Pain, Postoperative Pain, Cancer, Other Applications
North America was the largest region in the veterinary pain management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary pain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increasing number of veterinary practitioners is expected to propel the veterinary pain management market going forward. Veterinary practitioners refer to the qualified person that specializes in substantial and advanced training in particular animal species and practice areas among veterinarians. Veterinary pain management requires specialized methods to deal with animals’ pain. That has resulted in a rising number of veterinary practitioners who have the capability to address the causes that create pain in animals. For instance, in February 2022, according to Veterinary Information Network Inc., a US-based online community of veterinarians, In the US, there are 121,461 veterinarians in 2022. Therefore, an increasing number of veterinary practitioners is driving the demand for the veterinary pain management market.
Key Industry Players
Major companies operating in the veterinary pain management market report are CH Boehringer Sohn AG & Co. KG, Zoetis Inc., Merck & Co Inc., Elanco Animal Health Incorporated, Ceva Santé Animale, Vetoquinol SA, Norbrook Laboratories Inc., Dechra Pharmaceuticals PLC, Chanelle Pharmaceuticals Manufacturing Ltd., IDEXX Laboratories Inc., Assisi Animal Health, Bayer AG, Eli Lilly and Company, Novartis AG, SeQuent Scientific Limited, Eltech K-Laser srl, Virbac, Durvet Inc., Bimeda Inc., Inovet Pharma (A subsidiary of Orion Group), Zenex Animal Health India Private Ltd., AnimalCare Group PLC, Eco Animal Health Group PLC, Panagro Health & Nutrition, Prodivet pharmaceuticals S. A., Henry Schein Inc., Covetrus Inc., MWI Veterinary Supply Inc., Animal Health International Inc., Midwest Veterinary Supply Inc.
The veterinary pain management market report table of contents includes:
1. Executive Summary
2. Veterinary Pain Management Market Characteristics
3. Veterinary Pain Management Market Trends And Strategies
4. Veterinary Pain Management Market – Macro Economic Scenario
5. Global Veterinary Pain Management Market Size and Growth
…..
31. Global Veterinary Pain Management Market Competitive Benchmarking
32. Global Veterinary Pain Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Veterinary Pain Management Market
34. Veterinary Pain Management Market Future Outlook and Potential Analysis
35. Appendix
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