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The global veterinary pain management market size is estimated to grow by USD 800.12 million, at a CAGR of 6.99% between 2023 and 2028.
Advances in veterinary medicine are a key driver in the market, enabling the development of innovative technologies to handle animal pain effectively. Ongoing research and technology advancements have resulted in the development of new medications, therapeutic approaches, and surgical techniques, broadening the range of pain management alternatives. For instance, the introduction of NSAIDs with enhanced efficacy and safety profiles demonstrates the way scientific advances improve pain management in animals. Furthermore, the emergence of specialized pain relief therapies such as nerve blocks and epidurals demonstrates the ongoing evolution of veterinary pain management approaches, resulting in more precise and tailored solutions for diverse species. Hence, owing to the ongoing advancements in veterinary medicine, the market is expected to witness significant growth during the forecast period.
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The market share growth by the drugs segment will be significant during the forecast period.The drugs segment, which is an essential product category in the market, is growing at a significant pace. This increase is due to increased awareness of pet well-being and the rising prevalence of many illnesses that cause discomfort in animals. This section includes pharmaceuticals such as nonsteroidal anti-inflammatory medicines (NSAIDs), opioids, and analgesics, which provide effective pain relief to companion animals and cattle.
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The drugs segment was the largest and was valued at USD 1,055.38 million in 2018. Examples include carprofen, a popular non-steroidal anti-inflammatory drug (NSAIDs) for dogs, and meloxicam, which has anti-inflammatory and analgesic qualities. The increased demand for specialized medications that cater to various animal species, together with ongoing research and development in veterinary pharmacology, is likely to drive the growth of the drugs segment, which, in turn, is expected to drive the growth of the market during the forecast period.
Veterinary hospitals are growing as the primary distribution channel in the market, indicating a trend toward specialized care and comprehensive treatment options for animals. These hospitals are outfitted with advanced diagnostics and treatment facilities and serve as distribution hubs for products. Major pharmaceutical companies, including Zoetis Inc. and Elanco Animal Health Inc., work with veterinary hospitals around the world to ensure that their pain treatment products are widely available. Veterinary hospitals are preferred by pet owners looking for professional advice and access to a wide choice of pain treatment medicines, including analgesics and anti-inflammatory medications. This trend is expected to continue as pet healthcare becomes more sophisticated and owners prioritize their animals well-being and comfort, creating a favorable environment for the expansion of veterinary hospitals as significant, in turn, is expected to drive the growth of the market during the forecast period.
Pet care clinics are becoming an important distribution channel in the market, demonstrating a growing trend towards specialized treatment and in-house dispensing of veterinary pharmaceuticals. With an increased emphasis on preventive and specialized veterinary care, pet care clinics are actively stocking a variety of pain treatment medications, which is helping to drive the growth of the market. The ease of acquiring prescription medications and professional assistance at these clinics promotes the expansion of the global veterinary pain treatment market, which aligns with the global landscape of comprehensive pet healthcare services. Owing to such factors, pet care clinics are expected to gain significant traction as a distribution channel for product distribution. This will lead to the overall growth of the pet care clinics segments as a distribution channel, which, in turn, will drive the growth of the market during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period. The market in North America is growing rapidly due to a variety of factors. For instance, the regions increased pet ownership, along with increased awareness of animal welfare, has resulted in a surge in demand for effective pain management solutions. The substantial presence of leading market companies in North America, including Zoetis Inc., Elanco Animal Health Inc., and Boehringer Ingelheim International GmbH contributes to the vitality of the regional market. These companies are always introducing new and improved pain treatment products, utilizing their R&D expertise. The region's legislative structure emphasizes the relevance of supporting the use of novel approaches.
For instance, pet ownership in the region is regulated by organizations such as the American Veterinary Medical Association and others. North American veterinary hospitals and clinics are increasingly embracing multimodal approaches, which combine medications, physical therapy, and complementary therapies to treat pain holistically. As the demand for quality pet care grows, the market in North America is expected to maintain its position as a major contributor to the expansion of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 14 market companies, including:
Assisi Animal Health - The company offers veterinary pain management through Targeted Pulsed Electromagnetic Field (tPEMF) technology that delivers a signal that is specifically tuned to either reduce inflammation and accelerate healing or reduce canine separation anxiety.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, market trends and analysis, and challenges.
The rising adoption due to increasing pet ownership is notably driving the market growth. Changing lifestyles and increased concern for the health and well-being of companion animals are key reasons driving demand for sophisticated veterinary pain treatment solutions. The number of pet-owning families in the US was approximately 70% or about 90.5 million families in 2021-22, indicating a significant growth in pet ownership.
Moreover, this increased pet ownership highlights a growing demand for products and services, as pet owners prioritize their animal's health and comfort, leading to drive the market growth and trends during the forecast period.
Rising interest in nutraceuticals and alternative therapies is an emerging trend shaping the market growth. Pet owners are increasingly looking for alternatives to traditional drugs, creating a demand for acupuncture, herbal therapies, and nutraceuticals. For instance, herbal supplements such as anti-inflammatory qualities and omega-3 fatty acids promote joint health. Hence, they have grown in favour of treating pain in pets. Acupuncture, which is known for its ability to relieve pain and promote overall well-being, is being introduced into veterinary operations.
However, this tendency is consistent with the larger social change towards natural and holistic treatment for both humans and animals, emphasizing preventive and integrative approaches to veterinary care. Hence, owing to the rising interest in nutraceuticals and alternative therapies, the market is expected to witness growth during the forecast period.
Issues with implementation due to a shortage of skilled veterinary professionals are a significant challenge hindering market growth. The difficulty of a competent veterinary professional scarcity poses a substantial barrier to the worldwide industry, particularly in places with high demand for veterinary services but a limited workforce. In such cases, the proper adoption of modern pain managing approaches may be jeopardized due to a lack of expertise and qualified specialists.
Additionally, the need for specialized training programs and initiatives to address this deficit is critical to the effective integration of modern pain management approaches into veterinary clinics around the world. Hence, a shortage of skilled veterinary professionals may limit the implementation of advanced pain control solutions, which may affect the growth affecting the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Chemical processes within the body involve intricate interactions between various stimulus and the brain interpretation, leading to specific reactions. These stimuli can range from physical factors like temperature to chemical influences. In cases of inflammatory damage to tissues, veterinary practices often employ analgesic drugs to alleviate discomfort, especially in companion animals. Factors such as income levels in developed economies influence consumption patterns, including the intake of meat and milk, while also impacting animal health expenditure. As a result, pet insurance has become increasingly relevant to manage rising pet care costs, with veterinary practitioners playing a crucial role in ensuring the well-being of animals of varying types
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Veterinary Pain Management Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.99% |
Market Growth 2024-2028 |
USD 800.12 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.3 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Assisi Animal Health, Bimeda Holdings Ltd., Boehringer Ingelheim International GmbH, Ceva Sante Animale, Chanelle Pharma Group, Dechra Pharmaceuticals Plc, Durvet Animal Health Products, Elanco Animal Health Inc., Manna Pro Products LLC, Multi Radiance Medical, Norbrook Laboratories Ltd., Vetoquinol SA, Virbac Group, and Zoetis Inc. |
Market dynamics |
Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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