What is the global market size of Veterinary Pain Management Market?

Global Veterinary Pain Management Market size was valued at USD 4.3 billion in 2021 and is poised to grow from USD 4.5 billion in 2022 to USD 6.12 billion by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Veterinary Pain Management Market?

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. '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.'

What is the key driver of Global Veterinary Pain Management Market?

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.

What is the key market trend for Global Veterinary Pain Management Market?

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.

Which region accounted for the largest share in Global Veterinary Pain Management Market?

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.

Veterinary Pain Management Companies

Veterinary Pain Management Market Competitive Landscape

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

FAQs

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).

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. '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)'

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.

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.

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.

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What is the global market size of Veterinary Pain Management Market?

Who are the key vendors in the Veterinary Pain Management Market?

What is the key driver of Veterinary Pain Management Market?

What is the key market trend for Veterinary Pain Management Market?

Which region accounted for the largest share in Veterinary Pain Management Market?

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