veterinary-pain-management-market

Veterinary Pain Management Market By Product (Drugs, Devices), By Application (Degenerative diseases, Post-surgical orthopedic complexities, Neurologic impairments, Chronic musculoskeletal laxity, Dermatologic diseases, Postchemotherapy gastrointestinal disease) - Growth, Future Prospects and Competitive Analysis 2024 - 2032

06 Mar 2019 Format PDF icon PPT icon XLS icon Request Sample

Veterinary pain management market accounted for a market projected to grow at a CAGR of 7.9% during the forecast period from 2023 to 2030. Rising humanization of animals due to developing trend of nuclear family, continuous development in the research & development activities related to the veterinary pain management, and scheduled diagnostics sessions for livestock to maintain the quality of the meat, milk and other products. Improper feeding and unorganized health management of pets & livestock animals leads to obesity and finally leading to joint pain and other disorders. In addition to that, pet and livestock owners are also being counselled & trained by non-government organizations or veterinary doctors to manage health of animals.

"Drugs are preferred for its instant and target specific therapeutic effect to manage pain in pets & livestock"

The drugs preferred in pain management are opioids, α2-adrenergic agonists, non-steroidal anti-inflammatory drugs, disease-modifying anti-rheumatic drugs, and others including sedatives and corticosteroids. Thus, the choice of drug based on the type of disease and intensity of pain. Drugs have been and will always remain primary choice for pain management in veterinary. The key factors responsible for growth of drugs segment are rising prevalence of pain-inducing disorders, increasing advancements in clinical trials for veterinary pain management, and  wide range of drug options provide flexibility to veterinary doctor to manage pain management.

"Increasing humanization of pets, and rising awareness related to diagnosis & treatment of livestock in Asian countries will drive the market for veterinary pain management"

Asia Pacific expected to grow significantly throughout the forecast period from 2023 to 2030, the major market drivers assisting its growth are rising prevalence of degenerative diseases in Asia, rising awareness related to diagnosis & treatment of diseases affecting pets & livestock, and rising adoption & humanization of pets trending in Asian countries. According to industry experts, every year in India around 600,000 pets (as of 2020) adopted and the rising population of pets has open several opportunities for occupations & businesses related to pet healthcare in the country. According to the National Bureau of Statistics of China, in 2014 China had 27.4 million pet dogs and 58.1 million pet cats. Thus, Indian & China observed as the most promising and potential veterinary pain management markets in the near future.

The major companies present in the market profiled based on product portfolio, latest market updates, financial information, and key strategies. This report also covers attractive investment proposition analyzed with the assistance of comprehensive geographical research based on PESTEL analysis. Key companies analyzed in the report are Zoetis, Chanelle Veterinary Limited, Assisi Animal Health, Boehringer Ingelheim, Merck Animal Health, Vetoquinol, Norbrook, Elanco, Ceva Santé Animale, Bayer, K-Laser, and Dechra Pharmaceuticals among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Veterinary Pain Management market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Veterinary Pain Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Product
  • Drugs
    •     Opioids
    •     α2-adrenergic Agonists
    •     Local Anesthetics
    •     Nonsteroidal Anti-inflammatory Drugs (NSIDs)
    •     Disease-Modifying Anti-Rheumatic Drugs (DMARDs)
    •     Others (Sedatives, Corticosteroids etc.)
  • Devices
    •     Laser Therapy
    •     Electromagnetic Therapy

Application
  • Degenerative diseases (e.g., osteoarthritis, Cushing’s disease)
  • Post-surgical orthopedic complexities
  • Neurologic impairments
  • Chronic musculoskeletal laxity
  • Dermatologic diseases
  • Postchemotherapy gastrointestinal disease

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Veterinary Pain Management market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Veterinary Pain Management market?
  • Which is the largest regional market for Veterinary Pain Management market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Veterinary Pain Management market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Veterinary Pain Management market worldwide?
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