Veterinary Pain Management Market to Grow at 8.0% CAGR to 2023
PUNE, India, April 24, 2018 /PRNewswire/ --
ReportsnReports.com adds the global 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. Factors such as growth in companion animal adoption, increasing number of veterinary practitioners and their rising income levels in developed economies, growing prevalence of animal diseases causing pain and inflammation, and rising adoption of pet insurance with growing animal health expenditure are expected to drive the growth of the market.
Browse 232 Market Data Tables and 45 Figures spread through 237 Pages and in-depth TOC on "Veterinary Pain Management Market by Product (Drugs (NSAIDs, Opioids), Device (Laser, Electromagnetic)), Application (Osteoarthritis, Cancer), Animal Type (Dog, Cat, Horse, Cattle), Distribution Channel (Hospital, Pharmacy) - Global Forecast to 2023" http://www.reportsnreports.com/reports/1467342-veterinary-pain-management-market-by-product-drugs-nsaids-opioids-device-laser-electromagnetic-application-osteoarthritis-cancer-animal-type-dog-cat-horse-cattle-distribution-channel-hospital-p-st-to-2023.html .
The major 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).
"By application, the cancer segment is expected to grow at the highest CAGR during the forecast period"
The veterinary pain management market in this report is segmented by product, application, animal type, distribution channel, and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges). The study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, mergers & acquisitions, new product developments, geographical expansions, and R&D activities) and strategically profiles the key players and comprehensively analyzes their market shares and core competencies in the veterinary pain management market.
"North America is expected to grow at the largest share during the forecast period (2018-2023)"
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North America dominated the veterinary pain management market in 2017, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa. In North America, the US is expected to hold the largest share of the veterinary pain management market due to the growing number of people adopting pets, increasing animal healthcare expenditure, growing veterinary practices, and increasing prevalence of chronic diseases such as cancer and osteoarthritis.
Key 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 pain management market has been segmented into drugs and devices. The veterinary pain management drugs market is further segmented on the basis of type of drugs and route of drug administration. The veterinary pain management devices market is further segmented into laser therapy devices and electromagnetic therapy devices. The drugs segment accounted for the largest share of the market in 2017.
Order a copy of "Veterinary Pain Management Market by Product (Drugs (NSAIDs, Opioids), Device (Laser, Electromagnetic)), Application (Osteoarthritis, Cancer), Animal Type (Dog, Cat, Horse, Cattle), Distribution Channel (Hospital, Pharmacy) - Global Forecast to 2023" research report at http://www.reportsnreports.com/purchase.aspx?name=1467342 .
Veterinary pain management market research report has focused on various levels of analysis-market share analysis of top players, company profiles which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the veterinary pain management market; high-growth regions; and market drivers, restraints, and opportunities.
Break of primary participants was as mentioned below:
- By Company Type - Tier 1-45%, Tier 2-30% and Tier 3-25%
- By Designation - C-level-45%, Director Level-32%, Others-23%
- By Region - North America-46%, Europe-27%, Asia-Pacific-20%, Latin America-4%, Middle East & Africa- 3%
Another research titled global veterinary software market is expected to reach USD 594.3 million by 2022 from USD 442.5 million in 2017, at a CAGR of 6.1%. This market is experiencing significant growth due to the rising companion animal ownership and demand for pet insurance, growing animal health expenditure, and growing product innovation and software integration. Prominent players in this market include Henry Schein (US), IDEXX Laboratories (US), Patterson Companies (US), Vetter Software (US), Animal Intelligence Software (US), Timeless Veterinary Systems (Canada), Britton's Wise Computer (US), ezyVet Limited (New Zealand), FirmCloud Corporation (US), MedaNext (US), OR Technology (Oehm Und Rehbein GmbH) (Germany), VIA Information Systems (US), Hippo Manager Software (US), Finnish Net Solutions (Finland), Carestream (Canada), and ClienTrax (US) have been profiled in this 169 pages research report available at http://www.reportsnreports.com/purchase.aspx?name=1447382 .
Explore more reports on Healthcare Industry at http://www.reportsnreports.com/market-research/healthcare/ .
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