According to P&S Intelligence, the veterinary pain management market was USD 1.60 billion in 2022, which will increase to USD 2.78 billion, with a 7.10% compound annual growth rate, by 2030.
This is because of the surging incidence of musculoskeletal disorders, like osteoarthritis, in animals, coupled with the increasing acceptance of livestock and companion animals. Furthermore, the developments in the animal healthcare industry have resulted in the growing need for veterinary pain management p