Data Bridge Market Research has recently added a concise research on Global Veterinary Pain Management Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are BASF, ADM, Nutreco, Novusint, Cargill, Charoen Pokphand Group, Sumitomo Chemical, Kemin Industries, Biomin, Alltech, Addcon, Bio Agri Mix, Halyard, Boston Scientific, Elli Lilly & Co., Endo International, Forest Laboratories, Medtronic among others.
Analysis of Global Veterinary Pain Management Market report:
TheGlobal Veterinary Pain Management Marketis expected to reach USD 2.05 billion by 2025, from USD 1.09 billion in 2017, growing at a CAGR of 8.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Definition:
Veterinary pain management is a major subset of veterinary therapeutics. Animals are unable to express the pain. Pain in animals could be due to surgical pain, arthritis and cancer. Signs of pain in pets include reluctance to walk on slippery surfaces, frequently going up/down the stairs, selective behavior and attempting to stand up with front legs. Others include loss of appetite, aggression, reduced activity and tail flicking. Various options to treat the causes of pain in animals are pain medications, physical rehabilitation, acupuncture, laser therapy, and therapeutic massage. Increasing animal diseases paradigm shift towards maintaining animal health are driving the market. According to American Animal Hospital Association (AAHA), the demographic study of the Veterinary Medical Database reports that neoplastic disease was the most common terminal pathological process in 73 of 82 canine breeds. It is the most common cause of death in dogs less than 1 year of age. According to Animal Cancer Foundation, there are 65 million dogs and 32 million cats in the U.S. and of these approximately 6 million new cancer diagnoses are made in dogs and a similar number made in cats each year. The increasing animal diseases lead to launch various drugs in the market. For instance, in January 2017, Elanco launched Grapriprant tablets (gallant) for treatment of management of pain and inflammation associated with canine osteoarthritis.
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Major Market Drivers and Restraints:
· Rise in the animal adoption as companion
· Growing prevalence of the animal diseases
· Paradigm shift towards maintaining animal health
· Developing urbanization leading to humanization of animals
· Increasing Preventive treatments and care facilities for companion animals
· High pet care costs
Top Manufacturers Profiles Operating in the Global Veterinary Pain Management Market:
Some of the major players operating in the market are Boehringer Ingelheim, Zoetis, Elanco, Merck Animal Health, Bayer, Norbrook Laboratories, Ceva Sant Animale, Dechra Pharmaceuticals, Chanelle, K-Laser USA, Assisi Animal Health, Merck & Co., Merial, Virbac S.A., IDEXX Laboratories, Vetoquinol S.A., Evonik, DuPont, DSM, Adisseo etc
Global Veterinary Pain Management Market Segmentation:
· The veterinary pain management market is segmented on the basis of product, route of administration, application, animal type, distribution channel and geography.
· On the basis of product the market is segmented into drugs and devices. Drugs are further sub segmented by type into nsaids, opioids, local anesthetics, alpha-2 agonists; disease-modifying osteoarthritis drugs (DMOADS) and others. Drugs are further sub segmented by route of administration into oral, parenteral and topical. Devices are further sub segmented into laser therapy devices and electromagnetic therapy devices.
· Based on application the market is segmented into joint pain, postoperative pain, cancer and others. Joint pain is furthers sub segmented into osteoarthritis and musculoskeletal disorders.
· On the basis of animal type the market is segmented into companion animals and livestock. Companion animals are further sub segmented into dogs, cats, horses and others. Livestock are further sub segmented into cattle, swine and others.
· On the basis of distribution channel the market is segmented into veterinary hospitals & clinics and pharmacies.
· Based on geography the global veterinary pain management market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Competitive Analysis:
The global veterinary pain management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of veterinary pain management market for global, Europe, North America, Asia Pacific and South America.
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