Global Veterinary Pain Management Market Analysis 2024 – Estimated Market Size And Key Drivers
Posted by ramtbrc on January 12th, 2024
The Veterinary Pain Management by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Veterinary Pain Management , The veterinary pain management market size has grown rapidly in recent years. It will grow from .92 billion in 2023 to .13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing pet ownership, advancements in veterinary medicine, humanization of pets, regulatory support.
The veterinary pain management market size is expected to see rapid growth in the next few years. It will grow to .2 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rising geriatric pet population, globalization of veterinary care, focus on preventive healthcare, consumer education and advocacy. Major trends in the forecast period include technological integration, collaborations and partnerships, customized pain management plans, advancements in pain assessment tools, collaboration between veterinarians and behaviorists, nutraceuticals and functional foods.
An increasing number of veterinary practitioners is expected to propel the veterinary pain management market going forward. Veterinary practitioners refer to the qualified person that specializes in substantial and advanced training in particular animal species and practice areas among veterinarians. Veterinary pain management requires specialized methods to deal with animals' pain. That has resulted in a rising number of veterinary practitioners who have the capability to address the causes that create pain in animals. For instance, in February 2022, according to Veterinary Information Network Inc., a US-based online community of veterinarians, In the US, there are 121,461 veterinarians in 2022. Therefore, an increasing number of veterinary practitioners is driving the demand for the veterinary pain management market.
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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
Technological advancements are a key trend gaining popularity in the veterinary pain management market. Major players operating veterinary pain management market are concentrating their efforts on creating innovative and technologically advanced technologies to sustain their position in the market. For instance, in February 2022, Merck Animal Health, a US-based company specializing in the development of animal drugs, launched SenseHub Feedlot based on electronic ear tag technology. The SenseHub Feedlot is composed of a reusable ear tag and an installed antenna and an infrared thermistor that can collect, save, and share information from a gateway to a data platform. SenseHub Feedlot is a technology-enabled solution that detects illness more quickly, reliably diagnoses a disease, and detects illness earlier to effectively manage pain in cattle than by ocular inspection.
The veterinary pain management market report table of contents includes:
1. Executive Summary
2. Veterinary Pain Management Market Characteristics
3. Veterinary Pain Management Market Trends And Strategies
4. Veterinary Pain Management Market - Macro Economic Scenario
5. Global Veterinary Pain Management Market Size and Growth
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31. Global Veterinary Pain Management Market Competitive Benchmarking
32. Global Veterinary Pain Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Veterinary Pain Management Market
34. Veterinary Pain Management Market Future Outlook and Potential Analysis
35. Appendix
