What is the Historic and Current Scenario of the Veterinary Pain Management Market?
The veterinary pain management market has seen considerable growth due to a variety of factors.
• In recent times, the market size of veterinary pain management has experienced swift growth. The market, which is expected to surge from $2.11 billion in 2024 to $2.33 billion in 2025, will expand at a Compound Annual Growth Rate (CAGR) of 10.2%.
The growth seen in the past can be linked to factors such as the rise in pet ownership, developments in veterinary medicine, the humanization trend in pet care, and supportive regulation.
What are the Forecasted Growth and Key Factors of the Veterinary Pain Management Market?
The veterinary pain management market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of veterinary pain management is anticipated to experience a swift increase in the coming years, projected to expand to $3.51 billion in 2029 with a compound annual growth rate (CAGR) of 10.8%.
This growth during the forecast period is a consequence of several factors such as the increase in older pet populations, the worldwide adoption of veterinary healthcare, emphasis on preventive medicine, and initiatives on consumer education and awareness. Important trend expectations for the same forecast period include technological advancements, strategic collaborations and partnerships, bespoke pain management solutions, progress in pain diagnosis tools, collaborative initiatives between veterinarians and behaviorists, as well as functional foods and nutraceuticals.
What Are The Leading Drivers Of Growth In The Veterinary Pain Management Market?
The veterinary pain management market is set to advance due to an anticipated growth in the number of veterinary professionals. These professionals possess unique and in-depth training, primarily centered around specific animals and practice fields among veterinarians. Special techniques are involved in managing animals' pain, which has led to an increase in qualified professionals able to address the roots of animal discomfort. In the US as of February 2022 for instance, data from the Veterinary Information Network Inc., an American online veterinarian community, shows the presence of 121,461 practicing veterinarians. Expectedly, the growing number of these practitioners boosts demand in the veterinary pain management market.
How Are The Segments Defined Within The Global Veterinary Pain Management Market?
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
Subsegments:
1) By Drugs: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Opioids, Analgesics, Local Anesthetics
2) By Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Units, Laser Therapy Devices, Radiofrequency Ablation Devices, Pain Management Implants
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How Are New Trends Expected To Influence The Growth Of The Veterinary Pain Management Market?
The rise in technological innovations is a notable trend emerging in the veterinary pain management market. Key operators in this market are focusing on the development of cutting-edge technologies in order to assert their position. To illustrate, in February 2022, Merck Animal Health, an American firm focusing on producing animal pharmaceuticals, launched its product SenseHub Feedlot that utilizes electronic ear tag technology. The components of SenseHub Feedlot include a reusable ear tag, an antenna, and an infrared thermistor that can gather, store, and disseminate information from a gateway to a data platform. This technology-powered solution provides a more prompt and reliable disease diagnosis, as well as early detection of illness, leading to more effective pain management in cattle compared to visual inspection.
Who Are the Key Players in the Veterinary Pain Management Market?
Major companies operating in the veterinary pain management market include:
• 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.
What Is The Most Dominant Region In The Veterinary Pain Management Market?
North America was the largest region in the veterinary pain management market in 2024. 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
