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

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.