Veterinary Pain Management Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis, and Business Opportunities by 2030

Veterinary Pain Management Market
Veterinary Pain Management Market

Global Veterinary Pain Management Market Research by Emerging Research is a comprehensive compilation of relevant data on the keyword industry. The report discusses the Veterinary Pain Management Market segment and provides a detailed description of the Veterinary Pain Management Market volume and valuation. The Veterinary Pain Management Market scenario for the current period and the projected timeframe from 2022 to 2030 are both covered in depth in this report. The Veterinary Pain Management Market report provides a comprehensive overview of past, current and forecast revenue for each vertical, segment, end-use industry, application, region, and vertical. The report conducts in-depth research on the factors affecting the expansion of the Veterinary Pain Management Market as well as the expansion of the industry. The report details the pros and cons of the pandemic for the keyword industry. The dynamics of the keyword industry have changed due to economic volatility and supply chain disruptions. The report looks at how the pandemic has affected the most important segments and regions of the market. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.

The market for veterinary pain management was valued at USD 1,352.1 Million in 2021 and is anticipated to grow at a 6.6% CAGR in terms of revenue over the forecast period. Some of the major reasons fueling market revenue growth include rising meat and milk product consumption, rising veterinary medicine approvals, rising zoonotic disease prevalence, and rising government and other organisation activities. The practise of diagnosing, preventing, and treating pain in animals that is brought on by issues with their essential organs, physical injuries, their spines and central nervous systems, or surgical procedures is known as veterinary pain management.  Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), opioids, corticosteroids, and alpha2 agonists are types of drugs used for pain management that are growing in popularity due to increasing regulatory approvals for veterinary drugs. Food and Drug Administration (FDA’s) approval of several medications for use in pets is driving market growth. For instance, after neutering, spaying, or having orthopedic surgery, cats can get a single injection of FDA-approved drug meloxicam to lessen their pain and swelling. This injection is given to the cat under skin prior to the procedure. As a painkiller for cats who have undergone orthopedic surgery, spaying, or neutering, FDA has also approved robenacoxib for this use.

Increasing number of zoonotic diseases is rising demand for veterinary pain management market due to high concentration of people in the area who share space with animals. According to the report of World Health Organization (WHO), every year, zoonoses cause about one billion cases of diseases and millions of fatalities. Zoonoses accounted for about 60% of newly emerging infectious diseases. In the past three decades, over 30 new human pathogens have been discovered, 75% of which have animal origins. According to the report, zoonotic diseases are emerging 18 out of 22 countries. Pain killers, such as NSAIDs, causes some side effects in dogs, cats, horses, and cattle  including vomiting, diarrhea, ulcers in intestine and stomach, loss of appetite, lethargy etc., which are hampering market growth. Majority of side effects are small, but a few can worsen and necessitate medical attention, particularly if the medication is not used as directed on the label.

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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Veterinary Pain Management market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Veterinary Pain Management market landscape.

The Veterinary Pain Management research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The key companies studied in the report are:

Vetoquinol, Merck & Co., Inc., Ceva., Zoetis, Boehringer Ingelheim International GmbH., Pfizer Inc., Eli Lilly and Company, LABINDIA Healthcare Pvt. Ltd., Chanelle Pharma,and Elanco

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

  • Drug Type Outlook (Revenue, USD Million; 2019-2030)

    • NSAIDs
    • Opioids
    • Anesthetics
    • Others
  • Route of Administration Outlook (Revenue, USD Million; 2019-2030)

    • Oral
    • Parenteral
    • Others
  • Application Outlook (Revenue, USD Million; 2019-2030)

    • Osteoarthritis and Joint Pain
    • Cancer
    • Others

The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Veterinary Pain Management market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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