Veterinary Pain Management Market

Boehringer Ingelheim (Germany), Zoetis (US), and Elanco (US) Dominated the Global Veterinary Pain Management Market

The 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. The global veterinary pain management drugs market is a consolidated market, and the top three pharmaceutical companies account for a large share of the global market. Boehringer Ingelheim (Germany), Zoetis (US), Elanco (US), dominated the veterinary pain management drugs market in 2017.

Boehringer Ingelheim

Boehringer Ingelheim held the largest share of global veterinary pain management drugs market in 2017. The company has a strong portfolio of pharmaceutical products that focus on the treatment of chronic diseases in companion animals. For instance, it manufactures and markets Metacam, one of the best-selling pain management drugs used in companion animals to cure osteoarthritis. To sustain its leading position in the market, the company adopted several growth strategies such as expansions, agreements, and partnerships. For example, in 2016, the company opened its new R&D facility at the Iowa State University Research Park in Ames (US).

Zoetis

Zoetis held the second position in the global veterinary pain management drugs market in 2017. It offers widely adopted pain management drugs for companion animals such as cats, dogs, and horses. It is the manufacturer and supplier of Rimadyl, one the best-selling pain management drug brand for dogs. The company focuses on investing in R&D activities in order to maintain and enhance its position in the market. In 2016, the company invested USD 376 million in R&D, which accounts for 8% of its total revenue. Zoetis also focuses on expansions and mergers & acquisitions to improve its product offerings and production capabilities. For example, in 2015, Zoetis established a manufacturing facility in Lincoln, US, to improve production capabilities for animal health products and offer a wider range of animal health products to veterinarians, livestock producers, and pet owners.

Elanco

Elanco held the third position in veterinary pain management drugs market. Elanco has a vast geographical presence in all major markets. It has offices and research centers at multiple locations within the Americas, Europe, the Middle East and Africa, and Asia Pacific. Elanco primarily pursues the strategy of product launches to increase its share in the veterinary pain management market for example, the company launched Galliprant and Onisor in 2017 & 2016 respectively. The company also adopts inorganic growth strategies such as acquisitions and collaborations to improve its position in the market, like the acquisition of Novartis Animal Health in 2015. 

Related Reports:

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

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Report Code
MD 6197
Published ON
Apr, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Veterinary Pain Management Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved