Key Trends and Insights into the Veterinary Pain Management Market: Growth Rate and Opportunities to 2034
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What is the Expected Growth Rate of the Veterinary Pain Management Market Based on Industry Projections?
The market size for veterinary pain management has experienced swift growth in the last few years. It is projected to rise from $2.11 billion in 2024 to $2.33 billion in 2025 with a compound annual growth rate (CAGR) of 10.2%. This growth in past years is due to factors such as rising pet ownership, advancements made in veterinary medicine, the humanization of pets, and regulatory support.
The market for veterinary pain management is anticipated to experience swift expansion in the upcoming years. It is projected to rise to $3.51 billion by 2029, with a compound annual growth rate (CAGR) of 10.8%. The anticipated market growth in the forecast period can be attributed to factors such as increasing old pet population, internationalization of veterinary healthcare, emphasis on preventive health measures, consumer education and activism. Notable trends within this forecast period include the integration of technology, strategic alliances and partnerships, personalized pain management strategies, advancements in tools for pain assessment, cooperation between veterinarians and behaviour experts, as well as the rise of nutraceuticals and functional foods.
What Industry-Specific Factors Are Fueling the Growth of the veterinary pain management Market?
The growing count of veterinary professionals is projected to drive the growth of the veterinary pain management market. Veterinary professionals are skilled individuals with significant and advanced training in handling specific animal species and practice zones within veterinarians. Managing pain in animals necessitates specialized techniques, leading to an increased number of these professionals who have the ability to identify and address the sources of pain in animals. As an illustration, in February 2022, the Veterinary Information Network Inc., a US-based online community for veterinarians, reported that there were 121,461 veterinarians in the US. Thus, the escalating number of veterinarians is fueling the demand in the veterinary pain management market.
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Who Are the Influential Players Fueling Innovation and Growth in the Veterinary Pain Management Market?
Major companies operating in the veterinary pain management market include:
• CH Boehringer Sohn AG & Co. KG_x000D_
• Zoetis Inc._x000D_
• Merck & Co Inc._x000D_
• Elanco Animal Health Incorporated_x000D_
• Ceva Santé Animale_x000D_
What Impact Are Industry Trends Having on the Veterinary Pain Management Market’s Future Prospects?
Advancements in technology are gaining traction as a primary trend in the veterinary pain management market. The key participants in the veterinary pain management market are focused on developing and incorporating advanced technologies to maintain their market position. For example, Merck Animal Health, an American company that specializes in the production of animal pharmaceuticals, introduced SenseHub Feedlot, a product reliant on electronic ear tag technology, in February 2022. SenseHub Feedlot, which includes a reusable ear tag, an installed antenna, and an infrared thermistor, collects, stores, and transmits data via a gateway to a data platform. This technologically-driven solution offers quicker ailment detection, more accurate disease diagnosis, and early illness identification, providing more effective pain management in cattle than traditional visual inspection methods.
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Which Growth-Oriented Segments of the Veterinary Pain Management Market Are Leading the Industry’s Development?
The veterinary pain management market covered in this report is segmented –
1) By Product: Drugs, Devices
2) By Animal Type: Companion Animals, Livestock
3) By Distribution Channel: Hospitals And Clinics, Pharmacy
4) By Application: Joint Pain, Postoperative Pain, Cancer, Other Applications
Subsegments:
1) By Drugs: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Opioids, Analgesics, Local Anesthetics
2) By Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Units, Laser Therapy Devices, Radiofrequency Ablation Devices, Pain Management Implants
What Regions Are Leading the Growth Trajectory of the Veterinary Pain Management Market?
North America was the largest region in the veterinary pain management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary pain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Defining Aspects of the Veterinary Pain Management Market Landscape?
Veterinary pain management refers to a method that uses medicines and related products to support healing and recovery and to identify and treat the underlying condition to maintain the quality of health of an animal. It is used to enhance the quality of life for pets and livestock, ensuring comfort during and after surgery or due to chronic conditions.
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