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 disease causing pain and inflammation, and the rising adoption of pet insurance with growing animal health expenditure are expected to drive the growth of the Veterinary Pain Management Market.

Major Growth Restraint:
# Increasing Pet Care Costs

Global Industry Growth Opportunities:
# Increasing Popularity of Non-Conventional and Non-Pharmaceutical Treatment Techniques
# Untapped Emerging Markets

Challenges:
# Low Animal Healthcare Awareness in Emerging Markets
# Stringent Regulatory Approval Process for Pain Management Drugs

Years considered for this Study:
# 2017 – Base Year
# 2018 – Estimated Year
# 2023 – Projected Year

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In this report, the global veterinary pain management market has been segmented by product, application, animal type, and distribution channel. This report also provides market information based on key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Based on product, 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.

By application, the veterinary pain management market has been segmented into joint pain, postoperative pain, cancer, and other applications. Other applications include traumatic pain, abdominal pain, neuropathic pain, dermatological pain, and mastitis. 

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

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.

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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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