Years considered for this report:
2017 – Base Year
2018 – Estimated Year
2023 – Projected Year
Objectives of the Study
# To define, describe, and forecast the global veterinary pain management market on the basis of product, application, animal type, distribution channel, and region
# To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
# To strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
# To forecast the size of the market segments in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
# To profile key players and comprehensively analyze their market shares and core competencies in the global market
# To track and analyze competitive developments such as partnerships, agreements, & collaborations; mergers & acquisitions; product developments; and geographical expansions in the global market
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Factors Influencing Global Growth:-
Market growth can be attributed to growth in companion animal adoption, increasing number of veterinary practitioners and their rising income levels in developed economies, growing prevalence of animal disease causing pain and inflammation, and rising adoption of pet insurance with growing animal health.
Restraints:
# Increasing Pet Care Costs
Opportunities:
# Increasing Popularity of Non-Conventional and Non-Pharmaceutical Treatment Techniques
# Untapped Emerging Markets
Monetary Growth Expectations, Globally:
According to the Research Study conducted by MarketsandMarkets™: The veterinary pain management market is projected to reach USD 1.66 Billion by 2023 from USD 1.13 Billion in 2018, at a CAGR of 8.0% during the forecast period.
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Geographical Growth Scenario:
Global veterinary pain management market has been studied for North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa. APAC is expected to grow at the highest CAGR in veterinary pain management market, primarily due to the significant growth in pet adoption, increasing awareness about animal health, and growing per capita animal health expenditure, especially in India and China.
Leading Market Players:
# Zoetis (US)
# Merck Animal Health (US)
# Elanco (US)
# Chanelle (Ireland)
# Boehringer Ingelheim (Germany)
# Vetoquinol (France) and many more…
The global veterinary pain management drugs market is a consolidated market, and the top three pharmaceutical companies account for a large share of the global market. Boehringer Ingelheim (Germany), Zoetis (US), Elanco (US), dominated the veterinary pain management drugs market in 2017.
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