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Veterinary Pain Management Market Analysis, Future Opportunity, Current Challenges, Geographical Regions and Forecast Report, 2030

03-21-2023 05:45 AM CET | Health & Medicine

Press release from: P&S Intelligence

Veterinary Pain Management Market Analysis, Future

In 2022, the veterinary pain management market was worth around USD 1.60 billion, and it is projected to advance at a 7.10% CAGR from 2022 to 2030, hitting USD 2.78 billion by 2030, according to P&S Intelligence.

This development can be credited to the growing occurrence of musculoskeletal syndromes, including osteoarthritis, in animals, also the increasing acceptance of buddy and livestock animals. Furthermore, the developments in the animal healthcare industry have led to the increasing requirement for veterinary pain management items.

Browse full report at: https://www.psmarketresearch.com/market-analysis/veterinary-pain-management-market

In 2022, the drug category led the product segment, with a veterinary pain management market share of above 88%, credited to the growing utilization of nonsteroidal anti-inflammatory drugs for painkilling resolves in animals.

During the forecast period, the growing incidence of animal syndromes that cause pain and irritation is estimated to boost the development of the worldwide veterinary pain management industry. There are numerous inflammatory illnesses in pets, including cryptococcosis, canine distemper, coccidioidomycosis, rabies, neosporosis, and toxoplasmosis, also chronic illnesses, including chronic kidney disease cancer, and arthritis, most of which have pain as a warning sign.

In 2022, North America dominated the industry, with a market share of approximately 42%, and it is further projected to be on the leading spot, rising at a significant CAGR, in the coming few years.

Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/veterinary-pain-management-market/report-sample

Hence, the growing occurrence of musculoskeletal syndromes, including osteoarthritis, in animals, also the increasing acceptance of buddy and livestock animals, are the major factors propelling the veterinary pain management market.

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P&S Intelligence
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Web: https://www.psmarketresearch.com
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About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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