What Are The Forecasts For Global Veterinary Pain Management Market Size And Growth Rates?
The veterinary pain management market size experienced substantial expansion recently. It is poised to escalate from $2.11 billion in 2024 to $2.33 billion in 2025, at a compound annual growth rate (CAGR) of 10.2%. This historic growth can be attributed to increasing pet ownership, advancements in veterinary medicine, humanization of pets, and regulatory support.
The veterinary pain management market is projected to see a steep climb in the coming years, set to surge to $3.51 billion by 2029, at a CAGR of 10.8%. Forecast period growth is largely due to the rising geriatric pet population, the globalization of veterinary care, a focus on preventive healthcare, and increased consumer education and advocacy.
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What Are The Key Growth Drivers For The Veterinary Pain Management Market?
The veterinary pain management market is being propelled forward by an increasing number of veterinary practitioners. Veterinary practitioners are specialized individuals with advanced training in handling specific animal species and practice areas. With the rise in veterinary practitioners capable of dealing with animals’ pain-related issues, we’re seeing a significant demand surge for the veterinary pain management market.
What Are The Main Segments Within The Global Veterinary Pain Management Market?
The veterinary pain management market covered in this report is segmented as:
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
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Who Are The Major Players In The Veterinary Pain Management Market?
Prominent companies operating in the veterinary pain management market include 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, and more.
What Are The Emerging Trends In The Veterinary Pain Management Market?
Technological advancements are becoming a key trend in the veterinary pain management market. Major players are focusing on designing innovative and technologically advanced technologies to secure their market position.
Which Region Is Set To Fast-track Growth In The Veterinary Pain Management Market?
North America dominated the veterinary pain management market in 2024, with Asia-Pacific predicted to be the fastest-growing region in the forecast period.
What Does The Veterinary Pain Management Market Report 2025 Offer?
Veterinary pain management refers to methods using medicines to support animal healing and recovery, and to treat underlying conditions, ensuring the health of pets and livestock. This market report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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