The global market size for veterinary pain management market amounted to USD 2.25 Billion in 2022, with expectations to reach USD 3.98 Billion by 2032, accompanied by a notable revenue compound annual growth rate (CAGR) of 6.3% over the forecast period. The primary drivers behind the market’s revenue growth include the increasing prevalence of chronic pain in animals and a growing public concern for animal welfare.
The surge in chronic pain among animals stands out as a significant contributor to the expanding revenue of the veterinary pain management market. Pets, livestock, and various other animals commonly experience chronic discomfort, adversely affecting their overall quality of life. Consequently, there is a growing demand for effective pain relief medications, with a particular emphasis on Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) and opioids.
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The increasing concern for animal well-being is a significant factor contributing to the growth of market revenue. As more people are becoming pet owners, there is a greater demand for methods to ensure the happiness and health of their animals. This has led to an increased need for safe and effective veterinary pain relief medications.
Some Key Highlights from the Report
- In 2022, the pharmaceutical sector held the largest share of revenue in the market. The demand for pharmaceuticals in veterinary pain management is being propelled by the growing incidence of chronic ailments and disorders among companion animals, along with the increasing adoption of pets. The market’s growth is further supported by heightened public awareness regarding the benefits of pain treatment for animals, and the availability of a diverse range of pain-relieving medications.
- In 2022, the companion animal market had a substantially larger proportion. The expanding adoption of companion animals, as well as greater public awareness of the importance of animal health and wellbeing, are driving demand for animal healthcare goods and services in this industry. This industry is also developing due to a rise in Pet Insurance plans, beneficial government efforts, and the growing trend of pet humanization.
- The North American market led the global market for veterinary pain therapy in terms of revenue in 2021. The key drivers of the sector are the increase in pet ownership, particularly of dogs and cats, and the resulting increase in the occurrence of illnesses and disorders that cause pain in animals. As pet owners grow increasingly concerned about their dogs’ health, the need for effective pain management solutions is expected to rise. Furthermore, the increased popularity of pet insurance is expected to stimulate market progress in this sector.
Key Players covered in this report are
- Bayer AG
- Boehringer Ingelheim GmbH
- Eli Lilly and Company
- Merck & Co. Inc.
- Vetoquinol S.A.
- Zoetis Inc.
- Dechra Pharmaceuticals Plc.
- Norbrook Laboratories Limited
- Virbac S.A.
- Nestle Purina PetCare
Product Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Pharmaceuticals
- Devices
Animal Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Companion
- Livestock
Mode of Administration Outlook (Revenue, USD Billion; 2022 – 2032)
- Oral
- Parenteral
- Topical
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Veterinary Pain Management industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Veterinary Pain Management manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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