Press release
Animal Sedatives Market Achieves 247.25 Million USD Valuation by 2032
Global Animal Sedatives Market size and share is currently valued at USD 158.81 million in 2024 in 2024 and is anticipated to generate an estimated revenue of USD 247.25 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032
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The economic growth in emerging markets creates substantial opportunities in the animal sedatives market. With increasing affluence, these markets witness a surge in pet ownership and a heightened focus on veterinary care. Growing disposable incomes empower pet owners to invest in comprehensive healthcare, including the use of sedatives for animal medical interventions. Simultaneously, the expansion of livestock farming, driven by escalating demand for animal products, provides avenues for sedatives in managing and handling farm animals. This economic growth not only amplifies the demand for veterinary services but also fosters an environment where innovative and effective sedative solutions are in high demand, presenting lucrative prospects for stakeholders in the animal sedative market.
As more pet owners opt for insurance coverage, there is a notable increase in comprehensive veterinary care, including procedures requiring sedation. Pet insurance policies incentivize responsible pet ownership, driving a heightened demand for sedatives in various interventions for companion animals. This trend not only promotes optimal healthcare for pets but also enhances the role of sedatives in ensuring stress-free and comfortable medical experiences.
Advances in drug delivery technologies are revolutionizing the efficacy, safety, and administration of sedatives in veterinary care. Novel formulations that offer precise control over sedation levels, rapid onset of action, and reduced side effects are becoming feasible. These innovations enhance the overall ease of use for veterinary practitioners and contribute to improved patient outcomes.
With the development of more targeted and efficient drug delivery systems, there is a growing potential for the introduction of advanced sedative solutions tailored to the specific needs of diverse animal species. Pharmaceutical companies and stakeholders are leveraging these technological breakthroughs to address evolving veterinary requirements, fostering growth and innovation in the animal sedatives market.
Some of the major players operating in the global animal sedatives market include:
Aspen Pharmacare
Bayer Animal Health
Bimeda Animal Health
Boehringer Ingelheim
Ceva Santé Animale
Chanelle Pharma
Dechra Pharmaceuticals
Elanco Animal Health
Orion Corporation
Neogen Corporation
Norbrook Laboratories
Troy Laboratories
Vetoquinol
Virbac
Zoetis
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Growth Drivers:
Rising Pet Ownership: The increasing number of pet owners worldwide has led to a growing demand for veterinary services, including sedatives for procedures such as dental cleanings, surgeries, and grooming.
Advancements in Veterinary Medicine: Technological advancements in veterinary medicine have led to the development of more effective and safer sedatives for animals. New formulations and delivery methods have made sedation procedures easier and safer for both animals and veterinarians.
Growing Awareness of Animal Welfare: There is a growing awareness of animal welfare, leading pet owners and veterinarians to seek humane and stress-reducing methods for handling and treating animals. Sedatives are often used to calm anxious or aggressive animals, making veterinary procedures safer and less traumatic for both the animal and the caregiver.
Applications:
Companion Animals: Sedatives are commonly used in companion animals such as dogs, cats, and exotic pets for procedures like surgeries, dental cleanings, grooming, and diagnostic imaging.
Livestock: Sedatives are used in livestock including cattle, pigs, sheep, and goats for various purposes such as transportation, handling, and medical procedures.
Wildlife: In wildlife conservation and management, sedatives are used for capturing, relocating, and treating wild animals. These drugs help minimize stress and injuries during handling and transportation.
Animal Sedatives Market Report Highlights
In 2023, the phenothiazines segment accounted for significant market share owing to proven calming effect, versatility in applications, and prolonged duration of action.
In 2023, the parenteral segment accounted for significant market share owing to applications in medical procedures, surgeries, or diagnostic imaging.
In 2023, the surgery segment held significant revenue share owing to preoperative calmness, minimized stress, and improved surgical conditions for animals.
In 2023, the small animal segment held significant revenue share owing to growing pet ownership, and anxiety reduction in pets.
In 2023, North America region dominated the global market due to established players, rise in pet ownership, ongoing technological advancements, and research and development.
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Polaris Market Research has segmented the Animal Sedatives market report based on drug class, route of administration, application, animal type, and region:
Animal Sedatives, Drug Class Outlook (Revenue - USD Million, 2019 - 2032)
Benzodiazepines
Butyrophenones
Phenothiazines
Alpha-2 Adrenergic Receptor Agonists
Others
Animal Sedatives, Route of Administration Outlook (Revenue - USD Million, 2019 - 2032)
Parenteral
Oral
Animal Sedatives, Application Outlook (Revenue - USD Million, 2019 - 2032)
Diagnosis
Surgery
Others
Animal Sedatives, Animal Type Outlook (Revenue - USD Million, 2019 - 2032)
Small
Large
Animal Sedatives, Regional Outlook (Revenue - USD Million, 2019 - 2032)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Contact Us:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
About Us:
Polaris Market Research is a worldwide market research and consulting organization. We give an unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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