Pune, India, February 11, 2021 (GLOBE NEWSWIRE) – Veterinary Pain Management Market Overview
Market Research Future (MRFR) examined the global veterinary pain therapy market 2020 in the analysis period to 2027. By 2027, the global veterinary pain therapy market is expected to increase at high CAGR and reach a market size of approximately USD 4,582.8 million.
The easy availability and affordability of pain management devices and products such as Opioid, nonsteroidal anti-inflammatory drugs (NSAIDs), local anesthetics, laser devices, and αlpha 2 adrenergic agonists, which are used to relieve pain in diseases such as: Musculoskeletal disorders, osteoarthritis, radiation therapy-induced pain, chemotherapy, and mastitis among others; can earn substantial revenue for the market.
The increase in pet ownership in developing and industrial regions can also benefit the market. In addition, the presence of a large animal population and the increase in pet insurance are other causes that may contribute to the increase in the regional market during the analysis period.
Contribution of the main actors to a significant influence on the competitive landscape
Some of the top companies featured in the MRFR report are:
- Boehringer Ingelheim (Germany)
- Norbrook Laboratories (UK)
- Something (US)
- Eltech K-Laser (Italy)
- Zoetis (USA)
- Elanco (USA)
- Assisi Animal Health (USA)
- Bayer AG (Germany)
- Chanelle Pharma Group (Ireland)
- Merck Animal Health (USA)
- Vetoquinol SA (France)
- Dechra Pharmaceuticals PLC (UK)
The expansion of the veterinary pain management market will be largely influenced by the contribution of the major players. MYOS CORP, an emerging company engaged in the manufacture of advanced nutritional products to increase muscle strength, announced the formation of a Veterinary Advisory Board. Seven renowned executives from science and private practice will support MYOS CORP in the expansion of the company’s animal health industry. Robust corporate initiatives can have a positive impact on the market. INDIBA®, a leading provider of radio frequency technologies, launched OKTO, a device that helps treat pain through neuromodulation and metabolic stimulation of biological tissues. This shows that innovations and upgrades to existing models can support the rise of the veterinary pain management market in the review period. The report discusses other key contributions from these committed players that may impact market growth dynamics amid the COVID 19 pandemic. Insights into the competitive landscape of the market can help stakeholders make better investment decisions.
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The segment analysis of the global veterinary pain therapy market is carried out by application, product, sales channel, and animal type.
By Product Type, the global Veterinary Pain Management Market is segmented into Devices and Drugs. The drug segment includes opioids, non-steroidal anti-inflammatory drugs (NSAIDs), local anesthetics, muscle relaxants, A2 adrenergic agonists and sedatives. The NSAIDs segment examines meloxicam and etodolac, among others. The opioid subsegments analyze fentanyl, morphine, codeine and hydromorphone, among others. The study on the local anesthetic segment is based on, among other things, bupivacaine, lidocaine and chloroprocaine. The market study based on A2 adrenergic agonists is carried out for xylazine and medetomidine. The veterinary pain reliever market is explored for oral, topical and parenteral parameters for the route of administration. The device-based assessment of the veterinary pain therapy market is carried out for electromagnetic therapy devices and laser therapy devices.
The animal market for veterinary pain therapy is divided into farm animals and domestic animals according to animal species. The market study for the companion animal segment is carried out on cats, horses and dogs, among others. The segment analysis of the market on the basis of farm animals is carried out on poultry, cattle and pigs, among others.
The application divides the global veterinary pain management market into post-operative pain, joint pain, and cancer, among others. The joint pain segment is analyzed based on musculoskeletal disorders and osteoarthritis.
The channel-based segments of the global veterinary pain therapy market are pharmacies, online pharmacies, and veterinary clinics and clinics.
Search the detailed market research report (245 pages) below Veterinary pain therapy: https://www.marketresearchfuture.com/reports/veterinary-pain-management-market-5961
North America achieves high returns for the global market
In America, North America after Latin America are thoroughly examined for market analysis. The Veterinary Pain Management market can see a reasonable CAGR through 2027. The expansion of the pet population and the increase in animal populations, which require high numbers of veterinarians in the area, can support the market expansion. The surge in support from regulatory agencies such as: The American Veterinary Medical Association (AVMA) may help market expansion in the near future to improve the convenience of veterinary practices.
In Europe, the veterinary pain management market is being studied in Italy, France, Great Britain, Spain and Germany. According to the MRFR study, Europe can generate significant gains for the world market, with the UK securing the largest market share for the region. The growth of the veterinary pain management market can be attributed to the presence of a large population of domestic animals.
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In the Asia-Pacific region, it is exploring the expansion of the veterinary pain management market to Japan, China, South Korea, Australia and India. In the Asia-Pacific region, the market can grow with the highest CAGR between 2020 and 2027 during the reporting period. The expansion of the veterinary sector and the increase in the number of private veterinary clinics may support the expansion of the market in the near future. The growing awareness of government campaigns and animal welfare for pets across South Korea and Australia may contribute to the regional market recovery.
The Middle East and Africa veterinary pain management market is expected to make substantial gains. The surge in the veterinary pain management market in MEA is due to the presence of veterinarians and the growing concern of animal adoption agencies and people about the welfare of these actors.
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