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Worldwide Veterinary Pain Management Industry to 2026 - Increase in Awareness about Animal Health and Welfare is Driving Growth - ResearchAndMarkets.com

April 13, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Apr 13, 2021--

The “Veterinary Pain Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Veterinary Pain management market was valued at USD 1,197 million in 2020, and it is expected to reach USD 1,910 million in 2026, registering a CAGR of nearly 6.30% during the forecast period.

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Companies Mentioned

  • Assisi Animal Health
  • Boehringer Ingelheim International GmbH
  • Ceva Sante Animale
  • Chanelle Veterinary Limited
  • Dechra Pharmaceuticals PLC
  • Elanco Animal Health Incorporated
  • Norbrook
  • VetoquinolSA
  • Zoetis Inc.
  • Merck and Co Inc.
  • Eli Lilly and Company

Key Market Trends

Under Devices Laser Therapy is Expected to Witness a Healthy Growth Over the Forecasted Period

Laser therapy use to chronic as well as acute injuries, arthritis, sprains and strains, swelling due to back disc problems, and muscular-skeletal abnormalities. It also helps to regenerate nerve tissue post surgery.

The COVID-19 pandemic situation has a dramatic effect throughout the world on healthcare systems even on the veterinary healthcare systems. Due to the fear of the virus, many of the people are avoiding visits to veterinary hospitals. Thus, with the reduction of hospital visits, a delay in diagnosis and treatment is expected in the animals, leading to a decline in demand for pain management products.

However, some hospitals and clinics are taking definite measures to avoid transmission of the virus during this pandemic situation. For instance, Prestige Animal Hospitals are taking precautionary measures in the treatment of animals. They have also introduced a “Drop Off Exams” program that allows the owner to drop off the animal for the diagnosis or treatment procedure. The results and treatment plans are then discussed through the phone/mail.

Many of the authorities are recommending to avoid elective surgeries in animals, thus resulting in a decline of the cases of postoperative pains and thereby negatively impacting on the market. For instance, the Centers for Disease Control and Prevention has recommended that veterinary healthcare professionals attend only emergency visits and procedures.

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The therapeutic laser treatment of osteoarthritis (OA) in dogs and cats is currently the most common laser therapy. The laser intensity in osteoarthritis (OA) is most appropriate as 8-10 J/cm2. Tendonitis may also be benefitted from laser therapy, due to the inflammation associated with the disease.

India to Witness Rapid Growth in Asia-Pacific Region

The large livestock population in India is a major factor contributing to the market growth. According to the National Dairy Development Board, India, the total livestock population in India, as recorded in 2019, is around 536 million.

In India, dring COVID-19 pandemic, in May 2020, the National Dairy Development Board (NDDB) launched an interactive webinar to create awareness about procedures to be followed in the dairy value chain during the pandemic.

In addition, Animal Husbandry Department’s launched a program to safeguard its employees and farmers against the COVID-19. The veterinary hospitals provided services during the COVID-19 pandemic with preventive measures such as provided with gloves, masks, sanitizers, and floor cleaners to maintain the optimal level of hygiene.

Animal husbandry has observed a significant increase over the years, in India. The factors behind the growth of the animal health market are the adoption of innovative technologies that are used to prevent and cure various diseases associated with farm and companion animals. Animal health companies now deal with therapeutics, preventive measures, and productivity enhancement.

Over the past few years, many global animal health companies, such as Ceva and Sanofi, have entered the animal health market in India, owing to large growth opportunities in the country. For example, India has approximately 120 million dairy cows, and hence, is the largest milk producer in the world, having a production capacity almost equivalent to that of the entire European Union. In addition, India is also the fifth-largest producer of chicken meat and a major exporter of beef. Therefore, owing to the rising significance of this country in the international market, it is expected to witness rapid growth.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growth in Prevalence of Painful and Inflammatory Diseases in Animals

4.2.2 Rise in Need for Easily Accessible and Affordable Treatment Options

4.2.3 Increase in Awareness about Animal Health and Welfare

4.3 Market Restraints

4.3.1 Side Effects Associated with Treatment

4.3.2 High Cost of Certain Products

4.4 Porter’s Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Product

5.2 By Application

5.3 By Animal Type

5.4 By End User

5.5 Geography

5.5.1 North America

5.5.2 Europe

5.5.3 Asia-Pacific

5.5.4 Middle East and Africa

5.5.5 South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/99lyeo

View source version on businesswire.com:https://www.businesswire.com/news/home/20210413005814/en/

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KEYWORD:

INDUSTRY KEYWORD: VETERINARY HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 04/13/2021 10:44 AM/DISC: 04/13/2021 10:44 AM

http://www.businesswire.com/news/home/20210413005814/en