Veterinary pain management market accounted for a market projected to grow at a CAGR of 7.9% during the forecast period from 2025 to 2033. Rising humanization of animals due to developing trend of nuclear family, continuous development in the research & development activities related to the veterinary pain management, and scheduled diagnostics sessions for livestock to maintain the quality of the meat, milk and other products. Improper feeding and unorganized health management of pets & livestock animals leads to obesity and finally leading to joint pain and other disorders. In addition to that, pet and livestock owners are also being counselled & trained by non-government organizations or veterinary doctors to manage health of animals.
"Drugs are preferred for its instant and target specific therapeutic effect to manage pain in pets & livestock"
The drugs preferred in pain management are opioids, α2-adrenergic agonists, non-steroidal anti-inflammatory drugs, disease-modifying anti-rheumatic drugs, and others including sedatives and corticosteroids. Thus, the choice of drug based on the type of disease and intensity of pain. Drugs have been and will always remain primary choice for pain management in veterinary. The key factors responsible for growth of drugs segment are rising prevalence of pain-inducing disorders, increasing advancements in clinical trials for veterinary pain management, and wide range of drug options provide flexibility to veterinary doctor to manage pain management.
"Increasing humanization of pets, and rising awareness related to diagnosis & treatment of livestock in Asian countries will drive the market for veterinary pain management"
Asia Pacific expected to grow significantly throughout the forecast period from 2025 to 2033, the major market drivers assisting its growth are rising prevalence of degenerative diseases in Asia, rising awareness related to diagnosis & treatment of diseases affecting pets & livestock, and rising adoption & humanization of pets trending in Asian countries. According to industry experts, every year in India around 600,000 pets (as of 2020) adopted and the rising population of pets has open several opportunities for occupations & businesses related to pet healthcare in the country. According to the National Bureau of Statistics of China, in 2014 China had 27.4 million pet dogs and 58.1 million pet cats. Thus, Indian & China observed as the most promising and potential veterinary pain management markets in the near future.
The major companies present in the market profiled based on product portfolio, latest market updates, financial information, and key strategies. This report also covers attractive investment proposition analyzed with the assistance of comprehensive geographical research based on PESTEL analysis. Key companies analyzed in the report are Zoetis, Chanelle Veterinary Limited, Assisi Animal Health, Boehringer Ingelheim, Merck Animal Health, Vetoquinol, Norbrook, Elanco, Ceva Santé Animale, Bayer, K-Laser, and Dechra Pharmaceuticals among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Veterinary Pain Management market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report