Veterinary Pain Management Market to Surpass USD 2.91 Billion by 2032 | Boehringer Ingelheim, Vetoquinol, Elanco, Zoetis

Veterinary Pain Management Market Overview

The Veterinary Pain Management Market is expected to register a CAGR of 6.44% from 2023 to 2032 and hold a value of over USD 2.91 billion by 2032.

The field of veterinary medicine has evolved significantly over the years, with a growing emphasis on improving the welfare and quality of life of animals. Central to this effort is the effective management of pain, a crucial aspect of veterinary care that requires specialized attention and innovative solutions. As awareness regarding animal welfare increases, so does the demand for advanced pain management techniques and products in the veterinary sector. This has led to the emergence of a dynamic and rapidly expanding Veterinary Pain Management Market.

The Veterinary Pain Management Market encompasses a wide range of products and services designed to alleviate pain and discomfort in animals. These include pharmaceuticals, such as non-steroidal anti-inflammatory drugs (NSAIDs), opioids, and local anesthetics, as well as nutraceuticals, physical therapy modalities, and alternative treatments like acupuncture and chiropractic care.

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Market Competitive Landscape:

The important companies active in the Veterinary Pain Management Market include

Boehringer Ingelheim (Ingelheim am Rhein, Germany)
Vetoquinol (Lure, France)
Ceva Animal Health, LLC (Libourne, France)
Chanelle Pharma (Galway, Ireland)
Elanco (Indiana, US)
Dechra Pharmaceuticals PLC (Northwich, UK)
Zoetis (New Jersey, US)
Merck & Co., Inc. (New Jersey, US)
Assisi Animal Health(New Mexico, US)
Eltech K-Laser (Treviso, Italy)

Veterinary Pain Management Market Segmentation

Veterinary pain management market has been categorized with respect to product, animal type, application, and distribution channel.

The various products that assist in veterinary pain management are devices and medications. The medications studied in the report are opioids, muscle relaxants, A2-adrenergic agonists, local anesthetics, sedatives, nonsteroidal anti-inflammatory drugs (NSAIDs), and others. In 2019, the biggest share in the global market was owned by the nonsteroidal anti-inflammatory drugs segment, owing to the frequent new launches of innovative products and the surging preference for the same by the veterinary practitioners.

The animal types that require pain management include companion and livestock animals. The escalation in zoonotic diseases, rising expenditure in terms of animal health, and surge in pet insurance ensured companion animal segment's lead in 2022.

Applications of veterinary pain management are cancer, postoperative pain, joint pain, and others. In the year 2022, the market leader was the joint pain segment, as a result of the expanding pool of osteoarthritis-affected animals and continuous product launches across the globe.

Distribution channels considered in the market study are pharmacies, online pharmacies and veterinary hospitals & clinics.

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Veterinary Pain Management Market USP Covered:

One of the key drivers of growth in this market is the increasing pet ownership worldwide. As more people welcome companion animals into their homes, the demand for veterinary services, including pain management, continues to rise. Additionally, advancements in veterinary medicine and technology have led to the development of more effective and targeted pain management solutions, further fueling market expansion.

Increase in government-led initiatives that spread awareness regarding animal health can also benefit the veterinary pain management industry in the near future.

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Veterinary Pain Management Market Regional Insights

The North American region accounts for the leading market for veterinary pain management majorly due to the availability of a range of animal care products, emphasis on animal health, and stringent government regulations. Also, technological innovations in the field of veterinary surgical instruments are acting as a tailwind pushing up the market growth in the region.

The veterinary pain management market in the European region stands the second position in terms of the market size, owing to the increasing pet ownership fuelled by the tax benefits granted by the government. Increase in animal diseases has led to an increasing number of surgeries and veterinary healthcare organizations. European countries like Germany, France, and the U.K, backed by the significant expenditures in the field of manufacturing of veterinary medical and surgical devices, majorly contributes to the growth of the regional market.

The Asia Pacific region is emerging as a promising market for companion veterinary pain management. China among other APAC dominates the regional market whereas, India accounts for the fastest growing market, followed by Australia and Japan. Factors such as the presence of a large patient's pool, increasing awareness towards animal health, and the improving economy are few of the driving forces pushing up the market in the region.

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