Veterinary Pain Management Market to be dominated by Medications through 2028
Increasing the number of veterinary surgeries is expected to
drive the growth of global veterinary
pain management in the forecast period, 2024-2028.
According to TechSci Research report, “Veterinary Pain
Management Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028”, the
global dental contouring market is anticipated to grow at an impressive rate in
the forecast period, 2024-2028. This can be ascribed to the increasing
awareness regarding better pet care and the trend to pet adoption across the
globe. Additionally, increasing investments in technological advancements and
innovation, especially in the developed countries in North America and Europe is
expected to create lucrative opportunities for market growth in coming years. Besides,
the increasing incidence of pet obesity is further expected to support market
growth. Similarly, the growing number of veterinary practitioners and their
income levels in the developing region along with the growing consumption of
meat and milk will further boost the market growth during the forecast period.
Also, the growing incidence of animal diseases and inflammation is also
expected to create significant growth during the forecasted years.
Additionally, the growing adoption of pet insurance with growing animal
healthcare expenditure is anticipated to drive the growth of this market over
the years.
However, the high
cost of pet care management across the globe thereby slowing down the growth of
the global veterinary
pain management market in the
forecast period. Similarly, advanced technology used in pain management devices
creates a high cost which may hamper the veterinary
pain management market growth
during the forecast period. Also, poor reimbursement scenarios and technology
penetration in developing economies can further restrict the growth of the global
veterinary pain management market.
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The global veterinary pain management market can be segmented by product, by
application, by animal type and by region. Based on application,
the global veterinary
pain management market can be segmented into Joint
Pain, Cancer Pain, Postoperative Pain, and Others. The postoperative
pain segment dominated the market in 2022 and is expected to continue maintaining
its dominance throughout the forecast period. This can be ascribed to the increasing
number of veterinary surgeries due to chronic illness in developing countries.
Based on animal type, the market can be divided
into Companion Animals
v/s Livestock Animal. The cat
segment of companion animals is expected to dominate during the forecast period
on account of the increasing cat ownership in developing countries and rising
pet healthcare expenditure in both urban and developing regions. Similarly, the
growing incidence of chronic diseases along with growing awareness amongst
animal healthcare organizations will further boost the market growth during the
forecasted period.
Major companies operating in the global veterinary pain management
market are:
- Boehringer Ingelheim
International GmbH
- Zoetis Inc.
- Elanco Animal Health
Incorporated
- Norbrook Laboratories Limited
- SeQuent Scientific Limited
- Merck & Co., Inc.
- Dechra Pharmaceuticals Plc
- Vetoquinol S.A.
- Ceva Santé Animale SA
- Chanelle Pharma Group Ltd.
For instance, in October 2020, FECAVA announced the
launch of the campaign, FECAVA Basic Practices in Anesthesia and Analgesia,
which will include important lectures around Europe in the upcoming years and a
series of six ready-to-use, printable posters or infographics regarding
anesthesia and pain management in animals.
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“North America is
expected to dominate in the global veterinary pain management market on
account due to the increasing pet care ownership and demand for effective
animal care across the region. Furthermore, the increasing trend of pet
adoption and the emerging regional economy, and the increasing prevalence of
animal diseases such as deficiency diseases, hereditary diseases, and
physiological diseases led to a rising number of surgeries further contributing
to the demand for veterinary pain management. Also, growing expenditure for
research and development proficiencies in the developing regions pertaining to
medical instruments and devices will further propel the growth of the market
during the forecasted periods. Besides, the availability of skilled
professionals to handle all pets and increasing collective efforts by key
players to improve their product portfolio to ensure high-quality standards are
further expected to create lucrative opportunities for market growth” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Veterinary Pain Management Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Medications v/s Medical
Devices), By Application (Joint Pain, Cancer Pain, Postoperative Pain, Others),
By Animal Type (Companion Animal v/s Livestock Animal),
By Region and
Competition”, has evaluated
the future growth potential of global veterinary pain management market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global veterinary pain management market.
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