Veterinary Pain Management Market Analysis

Veterinary Pain Management Market Analysis

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Based on product, the veterinary pain management market is segmented into drugs and devices. Drugs segment accounted for the largest market share in terms of revenue in 2022. .  The veterinary pain management drugs are more widely used and cost-effective. Drugs are able to treat a wide variety of diseases and are more easily available, and also, they are convenient to administer in certain scenarios compared to devices. The drugs are further subsegmented into NSAIDS, opioids, anesthetics, alpha-2 agonists, and other drugs.
 

Companies are trying to develop new NSAIDs with lesser adverse effects and reactions. For instance, in January 2022, the U.S. FDA approved Zorbium (buprenorphine transdermal solution), the first transdermal buprenorphine animal medication for post-surgical pain management in cats.
 

By application, the veterinary pain management market is segmented into joint pain, cancer, postoperative pain, and other applications. The joint pain segment accounted for the largest market share in 2022. The large share of this segment can be attributed to increasing prevalence of animal diseases includes osteoarthritis and musculoskeletal disorders. For instance, in 2021, as per the report published by journal of small animal practices, 1 in 5 dogs (20%) experience hip & joint issues at some point in their life. This can result in pain, reduction in mobility and a possible reduction in a dog’s quality of life. Trying to determine dog joint pain or dog mobility issues can be a stressful task for pet parents, which is expected to boost the market upsurge.
 

Based on animal type, the veterinary pain management market is segmented into companion animals and livestock animals. The companion animal segment accounted for the largest revenue share in 2022 owing to increase in their ownership, awareness regarding better pet care, demand for efficient animal care, and high animal healthcare spending in developing countries.
 

By end-user, the market is segmented into veterinary hospitals, veterinary clinics, retail pharmacies, and online pharmacies. The veterinary hospitals segment dominated the market and accounted for the largest market share of 43.8% in 2022. This is owing to a growing number of veterinary hospitals globally with advanced infrastructures.
 

Veterinary hospitals are very crucial for veterinary pain management as they provide professional therapies.