Research Report: Veterinary Pain Management Market (2020-2024) | High Prevalence of Inflammatory Diseases in Animals to Boost the Market Growth | Technavio

Technavio has been monitoring the veterinary pain management market and it is poised to grow by USD 615.4 mn during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Veterinary Pain Management Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions:

• What are the major trends in the market?
  Rising demand for pet insurance with growing animal health expenditure is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 7.10% and the incremental growth of the market is anticipated to be $ 615.4 million.
• Who are the top players in the market?
  Bayer AG, Boehringer Ingelheim International GmbH, Cadila Healthcare Ltd., Chanelle Pharma Group, Daiichi Sankyo Co. Ltd., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Merck & Co. Inc., Norbrook Holdings Ltd., and Zoetis Inc., are some of the major market participants.
• What is the key market driver?
  The high prevalence of inflammatory diseases in animals is one of the major factors driving the market.
• How big is the North America market?
  The North America region will contribute 55% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bayer AG, Boehringer Ingelheim International GmbH, Cadila Healthcare Ltd., Chanelle Pharma Group, Daiichi Sankyo Co. Ltd., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Merck & Co. Inc., Norbrook Holdings Ltd., and Zoetis Inc. are some of the major market participants. The high prevalence of inflammatory diseases in animals will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Veterinary Pain Management Market 2020-2024: Segmentation

Veterinary Pain Management Market is segmented as below:

• Product
  • Drugs
  • Devices
• Geographic Landscape
  • Asia
  • Europe
  • North America
  • ROW

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Veterinary Pain Management Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The veterinary pain management market report covers the following areas:

• Veterinary Pain Management Market Size
• Veterinary Pain Management Market Trends
• Veterinary Pain Management Market Industry Analysis

This study identifies rising demand for pet insurance with growing animal health expenditure as one of the prime reasons driving the veterinary pain management market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Veterinary Pain Management Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist veterinary pain management market growth during the next five years
• Estimation of the veterinary pain management market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the veterinary pain management market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of veterinary pain management market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Drugs - Market size and forecast 2019-2024
• Devices - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• Asia - Market size and forecast 2019-2024
• ROW - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Growth in adoption of companion animals
• Increasing preference for non-conventional and non-pharmaceutical treatments
• Rising demand for pet insurance with growing animal health expenditure

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Bayer AG
• Boehringer Ingelheim International GmbH
• Cadila Healthcare Ltd.
• Chanelle Pharma Group
• Daiichi Sankyo Co. Ltd.
• Dechra Pharmaceuticals Plc
• Elanco Animal Health Inc.
• Merck & Co. Inc.
• Norbrook Holdings Ltd.
• Zoetis Inc.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200901005135/en/