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Animal Pain Management Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Animal Pain Management Market
Pain is a perception that the brain creates from input called “nociception”. The stimulus can be temperature, physical, inflammatory or chemical damage to tissues. Increased prevalence of osteoarthritis, cancer and other pain disorders create demand for pain management therapies.
Favorable government policies to enhance the awareness among the people and veterinary specialists are expected to create demand for veterinary analgesics over the forecast period. For instance, International Veterinary Academy of Pain Management (IVPM) is creating awareness in veterinary professionals regarding animal pain prevention, management. It educates pet owners about health and well-being in acute or chronic pain management.
Increased prevalence of osteoarthritis is major driving factor of the market. The dynamic forces and destructive enzymes cause joint cartilage to crack and fray. Increased pet lovers coupled with increased veterinary pain management centers in advanced countries are expected to create demand for animal pain management market.
Furthermore, increased awareness among the pet lovers and veterinary professionals are witnessing for animal pain management market. Rising pet lovers coupled with increased expenditure on animal health is anticipated to create demand for market.
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Animal Pain Management market has been segmented on the basis of application, animal type, product, end user.
Based on the application, animal pain management market has been segmented into the following:
• Osteoarthritis
• Cancer related pain
• Spinal pain
• Others
Based on animal type, animal pain management market has been segmented into the following:
• Small pets
o o Canine
o o Feline
• Swine
• Bovine
• Horses
• Others
Based on product type, animal pain management market has been segmented into the following:
• Non-opioids
• Opioids
• Swine
Based on end user, animal pain management market has been segmented into the following:
• Veterinary hospitals
• Veterinary clinics
• Veterinary pain management centers
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Increased veterinary pain management centers are creating demand for pain management therapies over the forecast period. Introduction of new molecules to treat pain and mergers & acquisitions to gain competitive edge, and robust R&D investment is able to offer novel analgesics to the market. Increased awareness among the veterinary specialists and innovative molecules are anticipated to create lucrative opportunities over forecast period.
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Geographically market has been segmented into following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
U.S. animal pain management is expected to witness significant regional market share over the forecast period due to increased pet adoption and rising pain management centers in the country.
Germany animal pain management market is anticipated to dominate the regional revenue share owing to increased awareness among the pet lovers.
Emerging nations China, India collectively dominate the regional market share, and expanding the market at significant CAGR over the forecast period. Rising disposable income, increasing adoption of small animals such as cats and dogs are expected to fuel the market.
Latin America animal pain management market is led by Brazil, is witnessing to grow at unprecedented CAGR over the forecast period.
Global animal pain management market is dominated by key players such as Zoetis Inc.,Elanco, Merial, Bayer Animal Health, Virbac S.A., IDEXX Laboratories, Boehringer Ingelheim Vetmedica, Ceva Sante Animale, Vetoquinol S.A.
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