PUBLISHER: Grand View Research | PRODUCT CODE: 1587490
PUBLISHER: Grand View Research | PRODUCT CODE: 1587490
The global companion animal postoperative pain management therapeutics market size is expected to reach USD 671.4 million by 2030, registering to grow at a CAGR of 10.9% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing number of surgeries in companion animals is driving the demand for postoperative pain management drugs.
Increasing companion healthcare expenditure and concerns among pet owners is further propelling the market growth. According to The American Pet Products Association report 2024, the overall spending in U.S. pet industry has increased during forecast period. Significant rise in animal insurance policies helps pet owners take proper care of their pets. For instance, in 2024, maximum pet insurance claims were reported for chronic diseases such as arthritis in pets in U.S. According to a report by the Department of Clinical Veterinary Science and the Pet Food Institute.