San Francisco, 22 March,
Veterinary
Pain Management Market Size, Share & Trends Analysis Report By Product
(NSAIDs, Anesthetics), By Indication, By Animal Type (Companion, Livestock), By
End Use, And Segment Forecasts, 2019 - 2026
The global veterinary pain management market size is expected to reach
USD 1.73 billion by 2026, according to a new report by Grand View Research,
Inc. It is projected to register a CAGR of 5.3% during the forecast period.
Growing companion adoption and incidence of veterinary diseases is expected to
boost the growth. Moreover, increasing income in the developing countries is
another growth driver. For instance, according to the American Veterinary
Medical Association (AVMA) in 2017, around 46% household had multiple types of
pets in U.S.
North America held the dominant
share of the veterinary pain management market in 2018, due to the favorable
pet insurance policies and strategic initiatives adopted by various companies
operating in the region. For instance, in August 2018, Zoetis Inc. acquired
Abaxis in a probe to expand its veterinary products portfolio.
Increasing number of veterinary
practitioners are anticipated to create growth opportunities in the market.
High prevalence of chronic diseases such as cancer, diabetes, and
osteoarthritis among others. These factors are projected to propel the market
in the forthcoming years.
Furthermore, key players are
implementing newer strategies such as product launch, merger and acquisitions,
regional expansions etc. for increasing their foothold in the market. For
instance, in March 2016, Dechra Pharmaceuticals acquired Putney in order to
improve its animal product portfolio. In October 2018, Boehringer Ingelheim
invested USD 80 million for R&D pertinent to veterinary vaccines in France.
Moreover, increasing pet insurance coverage are further fueling the market
growth.
Access Full Research
Report On Veterinary Pain Management Market Analysis:
Further key findings from the report suggest:
·
NSAIDs accounted for the
largest market share in terms of revenue in 2018, owing to the increasing
incidence of chronic diseases
·
Companion animal segment is
expected to exhibit lucrative growth over the forecast period owing to rise in
pet adoption and expenditure for better pet care
·
Osteoarthritis (OA) segment is
expected to hold the largest market share in terms of revenue due to increasing
incidence of obesity which propels the risk for OA
·
Post-operative pain segment is
expected to exhibit lucrative growth over the forecast period due to the
increasing number of surgeries for chronic disorders
·
Asia Pacific is anticipated to
witness lucrative growth due to rise in pet adoption and expendable income,
especially in Japan and India
·
Some of the key companies
operating in the veterinary pain management market are Zoetis, CEVA, Boehringer
Ingelheim GmbH, Bayer, Merck, and Elanco.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the
global veterinary pain management market on the basis of product, indication,
animal type, end use, and region:
Veterinary Pain Management
Product Outlook (Revenue, USD Million, 2014 - 2026)
·
NSAIDs
·
Anesthetics
·
Opioids
·
Others
Veterinary Pain Management
Indication Outlook (Revenue, USD Million, 2014 - 2026)
·
Osteoarthritis
·
Post-operative pain
·
Others
Veterinary Pain Management
Animal Type Outlook (Revenue, USD Million, 2014 – 2026
·
Livestock animal
·
Companion Animal
Veterinary Pain Management End
Use Outlook (Revenue, USD Million, 2014 - 2026)
·
Hospitals & Clinics
·
Others
Veterinary Pain Management
Regional Outlook (Revenue, USD Million, 2014 - 2026)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Spain
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-veterinary-pain-management-market
https://www.grandviewresearch.com/press-release/global-veterinary-pain-management-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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