Press release
Veterinary Pain Management Market Report 2024-2033 | Size, Share, and Insights: A Holistic Overview with Strategic Implications
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Veterinary Pain Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Growth In Veterinary Practitioners Driving Veterinary Pain Management Market
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.
Competitive Landscape:
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.
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Top Trend - Technological Advancements In Veterinary Pain Management Marke
Technological advancements are a key trend gaining popularity in the veterinary pain management market. 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.
The Table Of Content For The Market Report 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
…..
27. Veterinary Pain Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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