The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary pain management market report forecasts the veterinary pain management market size to grow to $2.76 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%

Learn More On The Veterinary Pain Management Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-pain-management-global-market-report

Veterinary Pain Management Market Size Forecast
The global veterinary pain management market is expected to grow from $1.73 billion in 2022 to $1.92 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary pain management market size is expected to grow to $2.76 billion in 2027 at a CAGR of 9.6%.

North America held the largest veterinary pain management market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Veterinary Pain Management Market Driver ­– Increase In Number Of Veterinary Practitioners
For instance, in February 2022, according to Veterinary Information Network Inc., a US-based online community of veterinarians, In the US, there are 121,461 veterinarians in 2022. Therefore, an increasing number of veterinary practitioners is driving the demand for the veterinary pain management market.

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Key Veterinary Pain Management Market Trend – Technological Advancement
Major players operating veterinary pain management market are concentrating their efforts on creating innovative and technologically advanced technologies to sustain their position in the market. For instance, in February 2022, Merck Animal Health, a US-based company specializing in the development of animal drugs, launched SenseHub Feedlot based on electronic ear tag technology. The SenseHub Feedlot is composed of a reusable ear tag and an installed antenna and an infrared thermistor that can collect, save, and share information from a gateway to a data platform. SenseHub Feedlot is a technology-enabled solution that detects illness more quickly, reliably diagnoses a disease, and detects illness earlier to effectively manage pain in cattle than by ocular inspection.

Veterinary Pain Management Market Segment
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

Veterinary Pain Management Market Major Players and Strategies
Major players in the veterinary pain management market are CH Boehringer Sohn AG & Co KG, Zoetis Inc., Merck & Co Inc., Elanco Animal Health Incorporated, Ceva Santé Animale, Vetoquinol SA, Norbrook Laboratories Inc., Dechra Pharmaceuticals PLC, Chanelle Pharma, IDEXX Laboratories Inc., Assisi Animal Health, Bayer AG, Eli Lilly and Company, Novartis AG, and The International Veterinary Academy of Pain Management.

In September 2022, Zoetis Inc., a US-based animal health company that produces medicines and vaccines acquired NewMetrica for an undisclosed amount. Through this acquisition, Zoetis increases its pain management portfolio for animal diseases, improves quality-of-life assessment capabilities, and extends product reach to Europe. NewMetrica is a UK-based company that develops instruments and devices for pain management in animals.

The Veterinary Pain Management Global Market Report 2023 covers regional data on veterinary pain management market size, veterinary pain management market trends and drivers, opportunities, strategies, and veterinary pain management market competitor analysis. The countries covered in the veterinary pain management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

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