Veterinary Pain Management Global Market Report 2024

Description

“Veterinary Pain Management Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on veterinary pain management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for veterinary pain management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The veterinary pain management market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: CH Boehringer Sohn AG & Co. KG; Zoetis Inc.; Merck & Co Inc.; Elanco Animal Health Incorporated; Ceva Sante Animale
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Veterinary pain management involves the use of medicines and related products to support healing and recovery in animals. The primary aim is to identify and treat the underlying conditions, ensuring the overall health and well-being of the animal.

The main products in veterinary pain management include drugs and devices. Drugs encompass substances, excluding food, used to cure or alleviate the symptoms of an illness or other abnormal state. These products are applied to various types of animals, including companion animals and livestock, and are distributed through channels such as hospitals and clinics, as well as pharmacy channels. Veterinary pain management products find applications in addressing issues such as joint pain, postoperative pain, cancer-related pain, and various other veterinary health concerns.

The veterinary pain management market research report is one of a series of new reports from The Business Research Company that provides veterinary pain management market statistics, including veterinary pain management industry global market size, regional shares, competitors with veterinary pain management market share, detailed veterinary pain management market segments, market trends, and opportunities, and any further data you may need to thrive in the veterinary pain management industry. This veterinary pain management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The veterinary pain management market size has grown rapidly in recent years. It will grow from $1. 92 billion in 2023 to $2. 13 billion in 2024 at a compound annual growth rate (CAGR) of 10. 9%. The expansion observed in the historical period can be attributed to several factors, including the increasing trend of pet ownership, advancements in veterinary medicine, the humanization of pets, and supportive regulatory measures.

The veterinary pain management market size is expected to see rapid growth in the next few years. It will grow to $3. 2 billion in 2028 at a compound annual growth rate (CAGR) of 10. 7%. The anticipated growth in the forecast period can be attributed to several factors, including the rising geriatric pet population, the globalization of veterinary care, an increased focus on preventive healthcare for animals, and heightened consumer education and advocacy for pet well-being. Key trends expected in the forecast period encompass the integration of technology in veterinary pain management, collaborations and partnerships within the industry, the development of customized pain management plans for individual animals, advancements in pain assessment tools, collaborative efforts between veterinarians and behaviorists, and the utilization of nutraceuticals and functional foods as part of pain management strategies.

The veterinary pain management market is anticipated to experience growth due to an increasing number of veterinary practitioners. These practitioners, who undergo specialized training in specific animal species and practice areas, are equipped to address the causes of pain in animals using specialized pain management methods. According to Veterinary Information Network Inc., the United States had 121,461 veterinarians in 2022, indicating a growing workforce capable of addressing pain in animals. Therefore, the rising number of veterinary practitioners is a key factor driving the demand for the veterinary pain management market.

The veterinary pain management market is also expected to benefit from the rising trend of pet ownership. As more individuals choose to keep pets, the demand for veterinary care increases to ensure the health and well-being of these animals. A larger pet population results in a heightened need for veterinary services, including pain management. Forbes reported that 78% of pet owners acquired pets during the pandemic, with young people (ages 18 to 25) being more likely to own a variety of pets beyond cats and dogs. Hence, the increasing prevalence of pet ownership is fueling the demand for the veterinary pain management market.

Technological advancements represent a significant trend in the veterinary pain management market, with major players focusing on innovative and technologically advanced solutions to maintain their market position. For instance, Merck Animal Health launched SenseHub Feedlot, a technology-enabled solution based on electronic ear tag technology. This system detects illness more quickly and reliably diagnoses diseases in cattle, allowing for early intervention to manage pain effectively.

Major companies operating in the veterinary pain management market are prioritizing product innovation, as exemplified by Zoetis Inc. 's development of Solensia. Solensia is a monoclonal antibody injection, a form of immunotherapy that mimics natural antibodies using man-made proteins. Zoetis Inc. launched Solensia in January 2022 as a pain reliever for feline osteoarthritis, aiming to enhance mobility, comfort, and overall well-being in cats. This once-monthly injection is administered in veterinary clinics, preventing osteoarthritis pain from interfering with the special bond between cats and their human companions.

In September 2022, Zoetis Inc. acquired NewMetrica, a UK-based company specializing in instruments and devices for pain management in animals. This acquisition enhances Zoetis's pain management portfolio, improves quality-of-life assessment capabilities, and expands product reach to Europe.

Major companies operating in the in the veterinary pain management market report are CH Boehringer Sohn AG & Co. KG, Zoetis Inc., Merck & Co Inc., Elanco Animal Health Incorporated, Ceva Sante Animale, Vetoquinol SA, Norbrook Laboratories Inc., Dechra Pharmaceuticals PLC, Chanelle Pharmaceuticals Manufacturing Ltd., IDEXX Laboratories Inc., Assisi Animal Health, Bayer AG, Eli Lilly and Company, Novartis AG, SeQuent Scientific Limited, Eltech K-Laser srl, Virbac, Durvet Inc., Bimeda Inc., Inovet Pharma (A subsidiary of Orion Group), Zenex Animal Health India Private Ltd., AnimalCare Group PLC, Eco Animal Health Group PLC, Panagro Health & Nutrition, Prodivet pharmaceuticals S. A., Henry Schein Inc., Covetrus Inc., MWI Veterinary Supply Inc., Animal Health International Inc., Midwest Veterinary Supply Inc.

North America was the largest region in the veterinary pain management market in 2023. 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

The countries covered in the veterinary pain management market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The veterinary pain management market consists of revenues earned by entities by anesthetics, opioids, nonsteroidal anti-inflammatory drugs (NSIDs), alpha-2 agonists, and disease-modifying osteoarthritis agents. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market consists of sales of laser therapy devices, electromagnetic therapy devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10645

1. Executive Summary

2. Veterinary Pain Management Market Characteristics

3. Veterinary Pain Management Market Trends And Strategies

4. Veterinary Pain Management Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Veterinary Pain Management Market Size and Growth

5.1. Global Veterinary Pain Management Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Veterinary Pain Management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Veterinary Pain Management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Veterinary Pain Management Market Segmentation

6.1. Global Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Drugs
Devices
6.2. Global Veterinary Pain Management Market, Segmentation By Animal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Companion Animals
Livestock
6.3. Global Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals and Clinics
Pharmacy
6. 4. Global Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Joint Pain
Postoperative Pain
Cancer
Other Applications

7. Veterinary Pain Management Market Regional And Country Analysis

7.1. Global Veterinary Pain Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Veterinary Pain Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Veterinary Pain Management Market

8.1. Asia-Pacific Veterinary Pain Management Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Veterinary Pain Management Market

9.1. China Veterinary Pain Management Market Overview
9.2. China Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Veterinary Pain Management Market

10.1. India Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Veterinary Pain Management Market

11.1. Japan Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Veterinary Pain Management Market

12.1. Australia Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Veterinary Pain Management Market

13.1. Indonesia Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Veterinary Pain Management Market

14.1. South Korea Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Veterinary Pain Management Market

15.1. Western Europe Veterinary Pain Management Market Overview
15.2. Western Europe Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Veterinary Pain Management Market

16.1. UK Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Veterinary Pain Management Market

17.1. Germany Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Veterinary Pain Management Market

18. 5. France Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Veterinary Pain Management Market

19. 9. Italy Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Veterinary Pain Management Market

20.13. Spain Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Veterinary Pain Management Market

21.1. Eastern Europe Veterinary Pain Management Market Overview
21.2. Eastern Europe Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Veterinary Pain Management Market

22.1. Russia Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Veterinary Pain Management Market

23.1. North America Veterinary Pain Management Market Overview
23.2. North America Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Veterinary Pain Management Market

24.1. USA Veterinary Pain Management Market Overview
24.2. USA Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Veterinary Pain Management Market

25.1. Canada Veterinary Pain Management Market Overview
25.2. Canada Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Veterinary Pain Management Market

26.1. South America Veterinary Pain Management Market Overview
26.2. South America Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Veterinary Pain Management Market

27.1. Brazil Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Veterinary Pain Management Market

28.1. Middle East Veterinary Pain Management Market Overview
28.2. Middle East Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Veterinary Pain Management Market

29.1. Africa Veterinary Pain Management Market Overview
29.2. Africa Veterinary Pain Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Veterinary Pain Management Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Veterinary Pain Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Veterinary Pain Management Market Competitive Landscape And Company Profiles

30.1. Veterinary Pain Management Market Competitive Landscape
30.2. Veterinary Pain Management Market Company Profiles
- 30.2.1. CH Boehringer Sohn AG & Co. KG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Zoetis Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Merck & Co Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Elanco Animal Health Incorporated
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Ceva Sante Animale
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Veterinary Pain Management Market Competitive Benchmarking

32. Global Veterinary Pain Management Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Veterinary Pain Management Market

34. Veterinary Pain Management Market Future Outlook and Potential Analysis

34.1 Veterinary Pain Management Market In 2028 - Countries Offering Most New Opportunities
34.2 Veterinary Pain Management Market In 2028 - Segments Offering Most New Opportunities
34. 3 Veterinary Pain Management Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer