Canine Arthritis Treatment Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theCanine Arthritis Treatment Market?
The expected surge in pet ownership is anticipated to fuel the expansion of the canine arthritis treatment market. Pet ownership signifies the dedication and care from individuals or households for the welfare, needs, and companionship of pets, primarily kept for pleasure. Factors such as alterations in lifestyle, the humanization of pets, and increased disposable incomes have contributed to the rise in pet ownership rates. Pet owners employ canine arthritis treatments to manage and reduce the discomfort of arthritis in their dogs, with the goal of enhancing their pets’ quality of life and preserving their mobility. The American Pet Products Association, a US-based non-profit association, reported that in October 2023, there were 86.9 million pet-owning households in the US, equating to 66% of households in 2022. Hence, the surge in pet ownership is positively impacting the growth of the canine arthritis treatment market.
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#What Are the Key Projections for the CAGR of the Canine Arthritis Treatment Market From 2025 to 2034?
The market for treating canine arthritis has seen robust growth in the recent past. It is set to expand from a size of $2.35 billion in 2024 to roughly $2.48 billion in 2025, recording a compound annual growth rate (CAGR) of 5.6%. Factors contributing to the growth during the historic period include an older pet demographic, heightened awareness amongst pet owners, an emphasis on preventative care, a rise in disposable income and greater expenditure on veterinary care.
In the coming years, the market size for canine arthritis treatment is predicted to experience significant gains. By 2029, it is projected to reach $3.06 billion with a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this forecasted growth include increased pet insurance coverage, an escalation in arthritis cases, higher pet ownership, a surge in the preference for less invasive surgical methods, and a rising incidence of arthritis in dogs. Key trends for the period include innovative treatment options, progress in veterinary science, demand for advanced therapy methods, technology integration, and innovative techniques.
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What Are the Latest Innovations Influencing theCanine Arthritis Treatment Market?
In the canine arthritis therapy industry, leading firms are establishing groundbreaking treatments such as bedinvetmab injections, aimed at enhancing joint health and mobility in dogs. Bedinvetmab, a type of monoclonal antibody injection, operates by identifying and neutralizing nerve growth factor (NGF), a protein that plays a part in pain relief in veterinary medicine. For instance, Zoetis Inc., an animal health firm based in the US, was granted approval by the Food and Drug Administration (FDA) in May 2023 for Librela, a bedinvetmab injection. This is the first FDA-approved monoclonal antibody (mAb) for usage in dogs, and it functions by adhering to and inhibiting the biological function of canine NGF, a protein involved in managing pain related to OA. Administered subcutaneously once a month, it serves as an efficient and long-lasting alternative for managing pain brought on by canine OA.
Who Are the Major Industry Players Accelerating Growth in theCanine Arthritis Treatment Market?
Major companies operating in the canine arthritis treatment market are Merck & Co. Inc., Bayer AG, Eli Lilly and Company, Zoetis Inc., Boehringer Ingelheim Animal Health, Elanco Animal Health Incorporated, Royal Canin SAS, Virbac Group, Ceva Sante Animale S.A., Hill’s Pet Nutrition Inc., Vetoquinol SA, Norbrook Laboratories Limited, American Regent Inc., Thorne Healthtech Inc., VetStem Inc., Eltech K-Laser s.r.l., Liquid Health Inc, Nutri-Vet LLC, OrthoPets LLC, Rejuvenate Bio Inc.
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Which Primary Segments of the Canine Arthritis Treatment Market Are Driving Growth and Industry Transformations?
The canine arthritis treatment market covered in this report is segmented –
1) By Treatment Type: Drugs, Supplements, Surgical Procedures, Other Treatment Types
2) By Route Of Administration: Oral, Parenteral, Other Routes Of Administrations
3) By Arthritis Type: Osteoarthritis, Rheumatoid Arthritis, Osteochondrosis, Traumatic Arthritis
4) By Distribution Channels: Veterinary Clinics And Hospitals, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Drugs: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Disease-Modifying Osteoarthritis Drugs (DMOADs), Corticosteroids, Analgesics And Pain Relievers
2) By Supplements: Glucosamine And Chondroitin Supplements, Omega-3 Fatty Acids And Fish Oil, Hyaluronic Acid Supplements, MSM (Methylsulfonylmethane) Supplements, Collagen-Based Supplements
3) By Surgical Procedures: Joint Replacement Surgery, Arthroscopy, Osteotomy, Synovectomy
4) By Other Treatment Types: Physical Therapy, Stem Cell Therapy, Platelet-Rich Plasma (PRP) Therapy, Cold Laser Therapy (Low-Level Laser Therapy), Acupuncture
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theCanine Arthritis Treatment Market?# Market?
North America was the largest region in the canine arthritis treatment market in 2024. Asia-Pacifica is expected to be the fastest-growing region in the forecast period. The regions covered in the canine arthritis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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