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Veterinary Pain Management Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Veterinary Pain Management Market Report
The Business Research Company's Veterinary Pain Management Global Market Report 2023 identifies an increasing number of veterinary practitioners as the major driver for the veterinary pain management market's growth in the forecast period. 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.
The global veterinary pain management market size will grow from $1.73 billion in 2022 to $1.92 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of veterinary pain management is expected to grow to $2.76 billion in 2027 at a CAGR of 9.6%.
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Major competitors in the veterinary pain management market are CH Boehringer Sohn AG & Co KG, Zoetis Inc., Merck & Co Inc., Elanco Animal Health Incorporated, Ceva Santé Animale.
A key trend in the veterinary pain management market includes technological advancements. Major players operating veterinary pain management market are concentrating their efforts on creating innovative and technologically advanced technologies to sustain their position in the market. For instance, in February 2022, Merck Animal Health, a US-based company specializing in the development of animal drugs, launched SenseHub Feedlot based on electronic ear tag technology. The SenseHub Feedlot is composed of a reusable ear tag and an installed antenna and an infrared thermistor that can collect, save, and share information from a gateway to a data platform. SenseHub Feedlot is a technology-enabled solution that detects illness more quickly, reliably diagnoses a disease, and detects illness earlier to effectively manage pain in cattle than by ocular inspection.
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The veterinary pain management market is segmented -
•By Product: Drugs, Devices
•By Animal Type: Companion Animals, Livestock
•By Distribution Channel: Hospitals and Clinics, Pharmacy
•By Application: Joint Pain, Postoperative Pain, Cancer, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the veterinary pain management market.
The Business Research Company's "Global Veterinary Pain Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Veterinary Pain Management Market Include:
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. Veterinary Pain Management Market Size And Growth
……
26. Africa Veterinary Pain Management Market
27. Veterinary Pain Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Veterinary Pain Management Market
29. Veterinary Pain Management Market Future Outlook and Potential Analysis
30. Appendix
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