Years considered for this Study:

# 2017 – Base Year
# 2018 – Estimated Year
# 2023 – Projected Year

The Veterinary Main Management Market was valued at USD 1.06 Billion in 2017 and is projected to reach USD 1.66 Billion by 2023, at a CAGR of 8.0% during the forecast period.

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.

Target Audience:

# Healthcare institutions (hospitals, medical schools, and outpatient clinics)
# Market research and consulting firms
# Venture capitalists and investors
# Research & development companies
# Veterinary pain management manufacturers and distributors

Veterinary hospitals & clinics are expected to be the largest distribution channel for veterinary pain management products in 2017.

Based on distribution channels, the veterinary pain management market is segmented into hospitals & clinics and pharmacies. In 2017, veterinary hospitals & clinics accounted for a larger market share than pharmacies primarily due to factors such as the increasing number of veterinary clinics and hospitals, growing ownership of companion animals, and increasing veterinary expenditure.

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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

APAC is expected to grow at the highest CAGR during the forecast period.

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.

The prominent players in the veterinary pain management market are Zoetis (US), Merck Animal Health (US), Elanco (US), Chanelle (Ireland), Boehringer Ingelheim (Germany), Vetoquinol (France), Bayer (Germany), Norbrook (Ireland), Ceva Santé Animale (France), K-Laser (US), Assisi (US), and Dechra Pharmaceuticals (UK).

New product launches and acquisitions were the major strategies adopted by these payers to maintain their positions in the veterinary pain management market

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