USD 4.3 billion
Veterinary Pain Management Market Size, Share, Growth Analysis, By Product(Drugs, and devices), By Animal Type(Companion animals, and livestock animals), By Application(Joint pain, Post-operative Pain, Cancer, and Other Applications), By End User(Veterinary hospitals, Veterinary Clinics, and Pharmacies & Drug Stores), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2099 |
Region:
Global |
Published Date: September, 2024
Pages:
272
|Tables:
156
|Figures:
78
Veterinary Pain Management Market Insights
Global Veterinary Pain Management Market size was valued at USD 1.80 billion in 2022 and is poised to grow from USD 1.92 billion in 2023 to USD 3.23 billion by 2031, growing at a CAGR of 6.7 % in the forecast period (2024-2031).
Recent studies to reduce chronic pain in animals have made it possible to treat pain in animals in a number of ways such as using drugs, physical rehabilitation, acupuncture, laser treatment and therapeutic massage among others. As more individuals have taken to keeping pets, thereby increasing the appetite for drugs, preventive care and veterinary services, the veterinary pain management segment has been on a pronounced upward trend over the years across the globe. Moreover, the rising acceptance of pet insurance across the regions, and the need to take care of animal health and welfare in developing countries are also contributing towards the growth of the market. The increased prevalence of painful and inflammatory diseases in animals is also contributing to the growth of the market.
However, a lack of knowledge about severe medical conditions in companion animals limits the market's expansion. Conversely, the growing acceptance of unconventional and nonpharmaceutical treatment methods as well as unexplored new markets are expected to offer the market a chance for expansion. Growing usage of companion animals, the growth in the numbers of veterinarians and their income levels in developed countries, rising consumption of beef and dairy, and increasing incidences of pain and inflammatory diseases in animals are among some of the causative trends. Nevertheless, there is the possibility that the increasing pet care costs may constrain the growth of the market to some extent.
US Veterinary Pain Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Drugs
Fastest Growth
Companion animals
Growth Rate
4.5% CAGR
Global Veterinary Pain Management Market ($ Bn)
Country Share by North America (%)
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Veterinary Pain Management Market Segmental Analysis
Global Veterinary Pain Management Market is segmented on the basis of product, animal type, application, end user, and region. By product, market is segmented into drugs, and devices. By animal type, market is segmented into companion animals, and livestock animals. By application, market is segmented into joint pain, post-operative pain, cancer, and other applications. By end user, market is segmented into veterinary hospitals, veterinary clinics, and pharmacies & drug stores. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Veterinary Pain Management Market Analysis by Device Type
As per categorization by device type, the market is classified as laser therapy device, and electromagnetic device. Among these, the laser therapy device earned the largest share and continues to dominate the veterinary pain management industry. The outstanding development of new and interesting veterinary pain management services and products can be attributed to the introduction of laser therapy devices. They provide a non-invasive and drug-free way of alleviating pain in animals. Such devices are preferred as they enhance the speed of repair of tissue, cause less swelling and shorten the period of healing, thus are favored by doctors. The increasing application of laser therapy devices in the treatment of chronic disorders such as arthritis and in recovery after surgeries has greatly contributed to the evolution of laser therapy devices enabling the safe and effective control of pain through a different approach.
Electromagnetic devices are poised to be the fastest-growing segment in the global veterinary pain management market due to their ability to provide non-invasive, drug-free pain relief through pulsed electromagnetic field (PEMF) therapy. This technology promotes tissue regeneration and increases blood flow, thus making it quite useful in the management of injury to the musculoskeletal system, arthritis, and even post-surgical intervention. The growing need for therapies that can minimize use of pharmaceutical drugs, along with an increase in knowledge of pet owners regarding suitable pain management therapies, is augmenting the growth in the use of electromagnetic devices. Additionally, this explains their brisk ascent in the market as they can be used to manage both acute and chronic conditions.
Veterinary Pain Management Market Analysis by Animal Type
Companion animals, such as dogs and cats, dominate the global veterinary pain management market share due to increasing pet ownership and the growing emotional bond between owners and their pets. New methods of dealing with pain, for instance laser treatment, medicines and other unconventional methods, are implemented quickly to promote wellbeing of such animals. The growing prevalence of many chronic disorders such as arthritis, obesity and post-operative discomforts in pets has encouraged the need for better and advanced pain relief measures. Moreover, the increased investment in veterinary care for pets, as well as the growing concern to animal welfare, makes pets the most lucrative and leading segment of the veterinary pain management market.
Livestock animals are emerging as the fastest-growing segment in the global veterinary pain management market due to rising awareness about the economic benefits of ensuring animal welfare. Modification of behaviour in livestock practices such as rearing of cattle and pigs constitutes productive improvement as it not only speeds up the healing of wounds but also lessens anxiety and improves their general wellbeing. Innovations in pain relief, including injectable analgesics and anti-inflammatory drugs, are increasingly used to maintain herd health, especially as animal welfare standards become stricter worldwide. As sustainable farming practices and livestock performance become top priorities, demand for advanced pain management solutions for livestock is rapidly increasing.
Global Veterinary Pain Management Market By Device Type (%)
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Veterinary Pain Management Market Regional Insights
North America dominates the global veterinary pain management market due to its advanced veterinary healthcare infrastructure, high pet ownership rates, and increased awareness of animal welfare. The acute need for pet care services and high expenditure on veterinary services in the region encourages the embrace of advanced techniques for pain alleviation including laser therapy, drugs and alternative treatment modalities. In addition to this, tight animal care policies and the need to enhance livestock productivity and health also elevate the market. Due to the presence of the key active industry participants and endless re-inventing of veterinary drugs and devices, North America remains the number one region for veterinary pain management solutions.
Europe is the fastest-growing region in the veterinary pain management industry due to increasing pet ownership, rising awareness of animal health, and stringent animal welfare regulations. The increasing concern over the sustainable management of livestock and the welfare of animals in the region necessitates the search for better solutions for pain management. Furthermore, the escalating concern of pet parents on the need to address pain in crippling conditions and after surgeries also supports the expansion of the market. National policies aimed at raising the standards of veterinary care, coupled with the increase in veterinary clinics and disposable income, are further enhancing the uptake of new pain management strategies in Europe.
Global Veterinary Pain Management Market By Geography
- Largest
- Fastest
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Veterinary Pain Management Market Dynamics
Veterinary Pain Management Market Drivers
Rising Pet Ownership and Humanization of Pets
- The trends toward globalization of pet ownership and the anthropomorphism of pets are pushing the demand for veterinary pain management solutions. There is a higher willingness of pet owners to seek and engage advanced treatment protocols for their pets, especially to relieve chronic arthritic inflammation or pain following surgery.
Advancements in Veterinary Healthcare
- As a result, advancements in veterinary health care such as laser treatment, regenerative medicine, and non-invasive methods of treatment are significantly promoting the veterinary pain management market share. These are less aggressive and even more effective treatment options for animals. This has resulted in an increased uptake of pain management solutions amongst veterinarians aimed at improving recovery and generally improving the welfare of the animals.
Restraints
Lack of Standardized Treatment Protocols
- The absence of standardized treatment protocols for global veterinary pain management market poses a restraint on the market. Due to differences in pain assessment techniques and management strategies employed by veterinarians, this may result in fragmented care delivery and thus hinder the global implementation of advanced pain management techniques across veterinary practices.
Limited Availability of Skilled Veterinary Professionals
- A shortage of skilled veterinary professionals, particularly in rural regions and emerging markets, restricts access to effective pain management solutions. This lack of sufficiently skilled professionals acts as a bottleneck in the use of sophisticated treatments – for instance, laser therapy or treatment using electromagnetic waves, which in turn restricts the scope of veterinary pain management market outlook expansion in those regions where the number of trained personnel is low.
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Veterinary Pain Management Market Competitive Landscape
The global veterinary pain management market is characterized by the presence of high-profile international players with innovative products and therapies. The prominent players in the market include Zoetis Inc., Elanco Animal Health, Boehringer Ingelheim, Vetoquinol SA and Bayer AG. These firms concentrate on developing advanced medicines, laser therapies, and non-functional implement pains consolation apparatus. Joint ventures, funding of research, and commercialization of new products are some of the strategies employed by market participants to stay ahead of competition in the expanding veterinary pain management market growth.
Top Players in the Veterinary Pain Management Market
- Boehringer Ingelheim International Gmbh (Germany)
- Elanco Animal Health Incorporated (US)
- Dechra Pharmaceuticals (UK)
- Vetoquinol (France)
- Sequent Scientific Limited (India)
- Norbrook Laboratories Limited (UK)
- Ceva Santé Animale (France)
- Chanelle Pharma (Ireland)
- K-Laser USA (US)
- Assisi Animal Health (US)
- Multi Radiance Medical (US)
- Avazzia (US)
- Sound Technologies (US)
- Ourofino Animal Health (Brazil)
- Labindia Healthcare Private Limited (India)
- Richter Pharma AG (Austria)
- Fidelis Animal Health (US)
Veterinary Pain Management Market Recent Developments
- In September 2023, Zoetis Inc. has unveiled a pain relief product suited for postoperative care in canines. The novel pain relief preparation is expected to aid recovery and improve comfort levels, thus reflecting the company’s endless quest to provide better solutions to manage pain in animals and enhance the treatment of pets.
- In August 2023, Elanco Animal Health has been granted permission by the authorities to launch a new injection aimed at alleviating pain caused by arthritis in cats. The aim of this formulation is to increase the longevity of its effects and facilitate movement, helping satisfy a huge gap in the cat care industry and strengthening Elanco’s position as a trendsetter in development of pain relievers for veterinary use.
- In October 2023, Dechra Pharmaceuticals PLC revealed its intent to enter into an alliance with one of the top veterinary technology companies with the objective of introducing a more sophisticated pain assessment solution for veterinary practices. The aim is to improve pain management strategies for veterinarians, by giving them tools that will enable them to assess and treat animal pain more efficiently, thus enhancing patient care.
Veterinary Pain Management Key Market Trends
- Increased Focus on Non-Invasive Treatment Options: In the global veterinary pain management market trends, one of the main drivers is the growing inclination towards non-invasive treatment procedures, particularly laser therapy and pulsed electromagnetic field therapy. These procedures eliminate undue stress and prolongs the recovery of the patients which satisfies a Chinese pet owner’s desire for efficient and quick pain relief methods with no use of drugs.
- Integration of Technology in Pain Assessment: Pain assessment and management are also benefitting from advanced technological capabilities as another significant development. With the use of smart wearables and tele-health technologies, pain control and pain management in animals has become more dynamic and active, creating individualized treatment strategies and better results for pets and farm animals alike.
Veterinary Pain Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the veterinary pain management industry is experiencing significant growth driven by increased pet ownership, advancements in veterinary healthcare, and a focus on animal welfare. While challenges such as a lack of standardized treatment protocols and a shortage of skilled professionals exist, the market is witnessing innovative solutions like laser and electromagnetic therapies.
With this growing need of pet owners, who value and prioritize the comfort and wellbeing of their pets, companies are constantly coming up with new treatment methods. The prospects of the veterinary pain management market forecast, in this case, appear to be very bright with the chances of growth in both the pet and the cattle markets, due to changes in the perception of consumers and technology.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.80 billion |
| Market size value in 2031 | USD 3.23 billion |
| Growth Rate | 6.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
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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