SKU: DMPH2408 | Published On: Oct 19 2022 | Available Formats
The "United States Veterinary Pain Management Market" is expected to grow at a CAGR of 5.10% during the forecast period 2022-2029.
United States Veterinary Pain Management Market Scope
Metrics |
Details |
Market CAGR |
5.10% |
Segments Covered |
By Drugs, By Route of Administration, By Application,By Distribution and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Veterinary Pain Management refers to the medical services for the prevention, diagnosis, and treatment of diseases like Osteoarthritis, Postoperative Pain, and Cancer in companion and livestock animals.
The United States Veterinary Pain Management Market is segmented by product, application, and animal type. The product type segment includes Drugs and Devices.
The drug segment can further be segmented as Opioids and NSAIDs. The device segment also consists of Laser Therapy and Electromagnetic Therapy.
Based on the animal type, the market can be segmented as Livestock and Companion Animal. The companion animal segment accounts for the broader market share.
It can be attributed to the increasing companion animal ownership, growing awareness regarding pet health among pet owners, and rising pet healthcare expenditure. In the U.K., Pet owners spend most of their Veterinary Services for their pets after Pet food; this trend will propel the market for Veterinary pain management in the U.K. shortly.
Veterinary Pain Management Market Drivers and Restraints:-
The rising prevalence of painful and inflammatory diseases in animals, increasing animal ownership, rising expenditure for animal healthcare, growing awareness about animal health, and increasing veterinary services are the primary factors driving the Veterinary Pain Management Market globally.
Diseases like cancer and osteoarthritis are rapidly increasing in animals. There are about 65 million dogs and 32 million cats in the United States. According to the Animal Cancer Foundation, each year, approximately 6 million dogs were diagnosed with cancer a similar number of cats were along diagnosed with cancer in the U.S. According to The Veterinary Cancer Society, the disease is a leading cause of death in 47% of dogs, especially dogs over age ten, and 32% of cats. Thus, the rising trend of cancer in cats and dogs in the U.S. will propel the market for Veterinary Pain Management.
The side-effects like vomiting, diarrhea, stomach ulcers, skin irritation, depression, and restlessness associated with the use of Veterinary drugs are making the animal owners reluctant to put their pets under medication. Therefore, the side-effects in animals about the use of veterinary drugs can restrain the market during the forecast period.
What is the Projected CAGR value of the United States Veterinary Pain Management Market?
United States Veterinary Pain Management Market is expected to grow at a CAGR of 5.10% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the United States Veterinary Pain Management Market during 2022-2029.
Which is the fastest growing region in the United States Veterinary Pain Management Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
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