Veterinary Pain Management Market: Major Trends Reshaping the Future of the Industry

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What Will the Veterinary Pain Management Industry Market Size Be by 2025?
In recent years, the market size for veterinary pain management has seen robust growth. It is projected to increase from $2.11 billion in 2024 to $2.32 billion in 2025, with an impressive compound annual growth rate (CAGR) of 9.9%. The substantial growth in the historical period is due to factors such as rising pet ownership, advancements in veterinary medical practices, the humanization of pets, and favorable regulatory support.

What's the Long-Term Growth Forecast for the Veterinary Pain Management Market Size Through 2029?
Anticipations suggest a swift expansion in the veterinary pain management market size in the years to come. It is projected to surge to $3.49 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.7%. This growth during the forecast period can be linked to factors such as the increase in aging pet population, enhanced internationalization in veterinary care, a shift towards preventive healthcare, and a rise in consumer knowledge and advocacy. Key trends during the forecast period include the incorporation of technology, collaborations and partnerships, personalized pain management schemes, advances in pain assessment tools, cooperation between veterinarians and behaviorists, and developments in nutraceuticals and functional foods.

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What Are the Key Growth Drivers Fueling the Veterinary Pain Management Market Expansion?
The surge in the number of veterinary practitioners is anticipated to fuel the growth of the veterinary pain management market. These practitioners are individuals with substantial expertise and advanced training specific to various animal species and veterinary practice areas. Veterinary pain management necessitates unique methods to manage pain in animals, leading to an increase in the number of these trained experts who can effectively handle the causes of pain in animals. For example, as per the Veterinary Information Network Inc., a US-based digital community of veterinarians, the number of veterinarians in the US in February 2022 is 121,461. Consequently, the expanding number of veterinary practitioners is triggering the demand for the veterinary pain management market.

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What Are the Key Trends Driving Veterinary Pain Management Market Growth?
The emergence of new technologies is a prominent trend within the veterinary pain management market. Leading players in the market are striving to maintain their standing through the development of innovative and tech-forward solutions. For example, in February 2022, Merck Animal Health, a U.S. organization focusing on animal drug research and development, unveiled the SenseHub Feedlot, an innovation based on electronic ear tag technology. Comprised of a reusable ear tag, an attached antenna, and an infrared thermistor, the SenseHub Feedlot can gather, store, and disseminate data to a remote platform. This technology-facilitated tool allows for quicker detection of illness, more accurate disease diagnosis, and early disease identification, resulting in more effective pain management in cattle than what can be achieved with visual inspections.

How Is the Veterinary Pain Management Market Segmented?
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 Companies Are Leading the Charge in Veterinary Pain Management Market Innovation?
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.

Which Regions Are Leading the Global Veterinary Pain Management Market in Revenue?
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

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