Veterinary Pain Management Market Size, Share, Growth Analysis, By Drug type(Opioids, Morphine, Hydromorphone, Codeine), By Animal type(Livestock animal, Companion animal), By End users(Veterinary Hospital pharmacies, Retail Veterinary Pharmacies, Online Pharmacies), By Route of administration(Oral Preparations, Parenteral Preparations), By Distribution channel(Veterinary Hospitals, Pharmacies), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35I2099 | Region: Global | Published Date: February, 2024
Pages: 272 |Tables: 156 |Figures: 78

Veterinary Pain Management Market Insights

Global Veterinary Pain Management Market size was valued at USD 4.3 billion in 2019 and is poised to grow from USD 4.5 billion in 2023 to USD 6.12 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

Diagnostic testing, prevention, and treatment of pain in animals caused by a wide range of factors such as vital organ problems, physical trauma, central nervous system and spine problems, and surgical techniques are all part of veterinary pain management. In order to control pain in the veterinary field, practitioners must be able to recognize and relieve pain in a wide range of pet diseases. A variety of factors can cause pain in animals, including arthritis, cancer, surgical intervention, and so on. In animals, pain can also be associated with aggressive behaviour, decreased or complete loss of activity, and other symptoms. Animal pain can have an impact on both pet and farm animal performance.

The increasing prevalence of pet diseases is propelling the Veterinary Pain Management Market forward. According to the Animal Cancer Foundation, more than 60 million dogs and 30 million cats were diagnosed with terminal cancer in the United States in 2019. One of the key factors driving overall growth is the large number of veterinary practitioners, as well as rising veterinary practitioner income levels in developed markets. Furthermore, increased demand for easily accessible and low-cost treatment procedures, as well as increased awareness about animal health and welfare, are expected to drive the growth of the Veterinary Pain Management Market over the forecast period.

US Veterinary Pain Management Market is poised to grow at a sustainable CAGR for the next forecast year.

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Veterinary Pain Management Market Segmental Analysis

Global veterinary pain management market is segmented based on drug type, animal type, end users, route of administration, distribution channel, region. Based on drug type Veterinary Pain Management Market is segmented into Opioids, Morphine, Hydromorphone, Codeine, α2-adrenergic Agonists, Xylazine, Medetomidine, Local Anaesthetics, Bupivacaine, Lidocaine, Chloropropane, Nonsteroidal Anti-inflammatory Drugs (NSIDs), Etodolac, Fentanyl, Meloxicam, Sedatives, Corticosteroids, Others. Based on animal type Veterinary Pain Management Market is segmented as Livestock animal, Companion animal. Based on end user, the Veterinary Pain Management Market is segmented as Veterinary Hospital pharmacies, Retail Veterinary Pharmacies, Online Pharmacies. Based on route of administration Veterinary Pain Management Market is segmented as Oral Preparations, Parenteral Preparations. Based on distribution channel Veterinary Pain Management Market is segmented as veterinary hospitals, pharmacies. Based on region market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.

Veterinary Pain Management Market Analysis by Animal Type:

Due to increasing incidence of chronic diseases, increased awareness among animal healthcare organizations, and high animal healthcare spending in developing countries, the livestock animal segment accounted for the largest market share in terms of revenue. Pain in livestock animals is difficult to assess, and visible symptoms include lameness, increased respiratory rate and vocalization, expiratory grunt, and teeth grinding. NSAIDS, 2 adrenergic drugs, and local anaesthetics are the most commonly used medications. The companion animal segment is expected to grow steadily over the forecast period due to increased ownership, awareness, and demand for efficient animal care. Furthermore, the rising prevalence of obesity and other chronic conditions such as osteoarthritis and cancer are driving the market forward.

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Veterinary Pain Management Market Regional Insights

Based on region global veterinary pain management market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. Regionally, North America and Europe have the potential to be revenue-generating markets for veterinary pain management. Significant pet ownership, particularly in North America, is providing vast growth opportunities for the overall market. Furthermore, rising animal healthcare expenditure and a rapidly increasing number of veterinarians are fuelling the prospects. Furthermore, these regions are seeing an increase in research and development spending to better understand the pathological causes of pain in animals. Asia Pacific and other developing regions, on the other hand, are expected to hold significant potential in the global veterinary pain management market. Rising demand for large livestock populations will drive growth in these regional markets. Furthermore, there is a growing awareness of pet insurance, as well as an increase in the amount of money spent on animal health care.

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Veterinary Pain Management Market Dynamics

Veterinary Pain Management Market Drivers

  • Increasing Funding for animal welfare to drive market growth. The rise in companion animal ownership and large livestock population, the rise in pet insurance with an increase in animal welfare spending, and the rising prevalence of animal diseases are all expected to influence the global veterinary pain management industry's growth. Furthermore, the industry's expansion is being driven by an increase in the need to maintain animal health and safety in developed countries, as well as an increase in the acceptance of pet insurance globally. Furthermore, the rise in the incidence of animal diseases that cause pain and inflammation is propelling the industry forward. The growing number of pet owners globally is expected to aid business growth over the forecast period.

Veterinary Pain Management Market Restraint

  • High costs associated with R&D capabilities, limited infrastructural facilities, uneven distribution of medical services, and a lack of awareness in backward economies are expected to stymie market growth. In addition, a lack of favourable reimbursement scenarios and technology penetration in developing economies, a decline in healthcare expenditures in advanced countries, high costs associated with pet care, and a lack of suitable infrastructure in low- and middle-income countries are expected to pose challenges to the market during the forecast period.

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Veterinary Pain Management Market Competitive Landscape

The global veterinary pain management market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.

Top Players in the Veterinary Pain Management Market

  • Zoetis
  • Elanco
  • Bayer AG
  • Boehringer Ingelheim International GmbH
  • Merck & Co., Inc.
  • Dechra Pharmaceuticals PLC
  • Norbrook Holdings Limited
  • Ceva Sante Animale
  • Vetoquinol S.A.
  • Aratana Therapeutics Inc.
  • Kindred Biosciences Inc.
  • Biogal-Galed Labs.
  • Nutramax Laboratories Veterinary Sciences Inc.
  • K-Laser USA
  • Assisi Animal Health
  • Ellevet Sciences
  • VOM Technology
  • Innovative Animal Products
  • Grunenthal GmbH
  • Parnell Pharmaceuticals Inc.

Veterinary Pain Management Market Recent Developments

December 2020 The award-winning Canine Arthritis Management (CAM) team launched a new online course for dog professionals aimed at improving understanding of arthritis in dogs and its management.

August 2020 Zoetis joined forces with the WSAVA to support its global pain council (GPC), a group of global veterinarians who specialize in companion animal pain management. By providing educational and advisory resources, the GPC addressed global variations in animal pain assessment and management.

Elanco Animal Health's Zorbium (buprenorphine transdermal solution) was approved by the US Food and Drug Administration (FDA) in January 2022, expanding its pain management offerings while addressing an unmet need in veterinary practices.

The United States Food and Drug Administration approved Solensia (frunevetmab injection) in January 2022 as the first treatment for pain associated with osteoarthritis in cats.

Veterinary Pain Management Key Market Trends

  • Expanding exploration of untapped markets to create growth opportunities for key players. In comparison, the increasing prevalence of non-conventional and non-pharmaceutical treatment methods, as well as untapped emerging markets, are expected to provide future growth opportunities for the industry.

Veterinary Pain Management Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global veterinary pain management market analysis, one of the key factors driving market growth is the increasing domestication of animals, as well as rising public awareness about pet health. Furthermore, the easy availability of pain management products and devices such as opioids, nonsteroidal anti-inflammatory drugs (NSAIDs), laser devices, and local anaesthetics is propelling market growth.

Report Metric Details
Market size value in 2023 USD 4.3 billion
Market size value in 2031 USD 6.12 billion
Growth Rate 4.5%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Drug type
    • Opioids, Morphine, Hydromorphone, Codeine, α2-adrenergic Agonists, Xylazine, Medetomidine, Local Anaesthetics, Bupivacaine, Lidocaine, Chloropropane, Nonsteroidal Anti-inflammatory Drugs (NSIDs), Etodolac, Fentanyl, Meloxicam, Sedatives, Corticosteroids, Others
  • Animal type
    • Livestock animal, Companion animal
  • End users
    • Veterinary Hospital pharmacies, Retail Veterinary Pharmacies, Online Pharmacies
  • Route of administration
    • Oral Preparations, Parenteral Preparations
  • Distribution channel
    • Veterinary Hospitals, Pharmacies
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Zoetis
  • Elanco
  • Bayer AG
  • Boehringer Ingelheim International GmbH
  • Merck & Co., Inc.
  • Dechra Pharmaceuticals PLC
  • Norbrook Holdings Limited
  • Ceva Sante Animale
  • Vetoquinol S.A.
  • Aratana Therapeutics Inc.
  • Kindred Biosciences Inc.
  • Biogal-Galed Labs.
  • Nutramax Laboratories Veterinary Sciences Inc.
  • K-Laser USA
  • Assisi Animal Health
  • Ellevet Sciences
  • VOM Technology
  • Innovative Animal Products
  • Grunenthal GmbH
  • Parnell Pharmaceuticals Inc.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Veterinary Pain Management Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Veterinary Pain Management Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Veterinary Pain Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Veterinary Pain Management Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Veterinary Pain Management Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Veterinary Pain Management Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Veterinary Pain Management Market size was valued at USD 4.3 billion in 2019 and is poised to grow from USD 4.5 billion in 2023 to USD 6.12 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

The veterinary pain management market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Zoetis', 'Elanco', 'Bayer AG', 'Boehringer Ingelheim International GmbH', 'Merck & Co., Inc.', 'Dechra Pharmaceuticals PLC', 'Norbrook Holdings Limited', 'Ceva Sante Animale', 'Vetoquinol S.A.', 'Aratana Therapeutics Inc.', 'Kindred Biosciences Inc.', 'Biogal-Galed Labs.', 'Nutramax Laboratories Veterinary Sciences Inc.', 'K-Laser USA', 'Assisi Animal Health', 'Ellevet Sciences', 'VOM Technology', 'Innovative Animal Products', 'Grunenthal GmbH', 'Parnell Pharmaceuticals Inc.'

Increasing Funding for animal welfare to drive market growth. The rise in companion animal ownership and large livestock population, the rise in pet insurance with an increase in animal welfare spending, and the rising prevalence of animal diseases are all expected to influence the veterinary pain management industry's growth. Furthermore, the industry's expansion is being driven by an increase in the need to maintain animal health and safety in developed countries, as well as an increase in the acceptance of pet insurance globally. Furthermore, the rise in the incidence of animal diseases that cause pain and inflammation is propelling the industry forward. The growing number of pet owners globally is expected to aid business growth over the forecast period.

Expanding exploration of untapped markets to create growth opportunities for key players. In comparison, the increasing prevalence of non-conventional and non-pharmaceutical treatment methods, as well as untapped emerging markets, are expected to provide future growth opportunities for the industry.

Based on region veterinary pain management market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. Regionally, North America and Europe have the potential to be revenue-generating markets for veterinary pain management. Significant pet ownership, particularly in North America, is providing vast growth opportunities for the overall market. Furthermore, rising animal healthcare expenditure and a rapidly increasing number of veterinarians are fuelling the prospects. Furthermore, these regions are seeing an increase in research and development spending to better understand the pathological causes of pain in animals. Asia Pacific and other developing regions, on the other hand, are expected to hold significant potential in the veterinary pain management market. Rising demand for large livestock populations will drive growth in these regional markets. Furthermore, there is a growing awareness of pet insurance, as well as an increase in the amount of money spent on animal health care.

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