Press release
Veterinary Pain Management Market Set to Reach $3.52 Billion by 2029 with 0.108477535773736% Yearly Growth
What market dynamics are playing a key role in accelerating the growth of the veterinary pain management market?The market for veterinary pain management is expected to grow, spurred on by the increasing number of veterinary practitioners. These specialized individuals possess the advanced training necessary to treat specific animal species and various practice areas. The specialized techniques employed in veterinary pain management necessitate dealing with animal pain which, in turn, has boosted the ranks of adept veterinary practitioners addressing the reasons behind animal pain. For example, data from the Veterinary Information Network Inc., an online community for veterinarians based in the U.S, show that there were 121,461 veterinarians in the country in February 2022. Consequently, the escalating number of veterinary practitioners is fueling the demand in the veterinary pain management market.
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How will the growth rate of the veterinary pain management market shape industry trends by 2034?
In recent years, the size of the veterinary pain management market has expanded swiftly. It is projected to rise from $2.11 billion in 2024 to $2.33 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.2%. The growth experienced in the historic period can be ascribed to a rise in pet ownership, progress in veterinary medicine, pets being treated more like humans, and regulatory support.
The market size for veterinary pain management is anticipated to expand at a swift pace in the coming years, forecasted to reach $3.51 billion in 2029 with a CAGR of 10.8%. Factors contributing to this growth during the forecast period are an increase in geriatric pets, the international spread of vet care, an emphasis on preventative health, as well as enhanced consumer awareness and advocacy. Key trends expected during this time include tech integration, strategic alliances and partnerships, personalized pain management strategies, progress in pain evaluation devices, cooperation between veterinarians and behaviour experts, and a focus on nutraceuticals and functional foods.
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What trends are poised to drive the future success of the veterinary pain management market?
Technological innovation is a top trending growth factor in the veterinary pain management market. Primary players in this market are focused on the development of pioneering, technologically advanced solutions in order to maintain their competitive edge. For instance, in February 2022, Merck Animal Health, a US-based firm specializing in the production of animal medications, unveiled SenseHub Feedlot, an innovative system based on electronic ear tag technology. SenseHub Feedlot features a reusable ear tag, an inbuilt antenna and an infrared thermistor, designed to collect, store, and transmit data from a gateway to a data-centric platform. This tech-enabled solution facilitates faster illness detection, more accurate disease diagnosis, and the ability to detect illnesses sooner, all of which significantly improve the management of pain in cattle compared to traditional visual inspection methods.
Which primary segments of the veterinary pain management market are driving growth and industry transformations?
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
Subsegments:
1) By Drugs: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Opioids, Analgesics, Local Anesthetics
2) By Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Units, Laser Therapy Devices, Radiofrequency Ablation Devices, Pain Management Implants
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Which geographical regions are pioneering growth in the veterinary pain management market?
North America was the largest region in the veterinary pain management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary pain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the veterinary pain management market landscape?
Major companies operating in the veterinary pain management market include 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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What Is Covered In The Veterinary Pain Management Global Market Report?
•Market Size Forecast: Examine the veterinary pain management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the veterinary pain management market for a structured understanding.
•Key Players Overview: Analyze major players in the veterinary pain management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the veterinary pain management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the veterinary pain management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the veterinary pain management market.
•Industry Challenges: Identify potential risks and obstacles affecting the veterinary pain management market.
•Competitive Landscape: Review strategic developments in the veterinary pain management market, including expansions, agreements, and new product launches.
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