
Report ID: UCMIG35E2038
Report ID:
UCMIG35E2038 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for pharmaceuticals targeting postoperative pain treatment in companion animals was valued at USD 228.90 million in 2018 and is projected to exhibit a compound annual growth rate (CAGR) of 6.7% from 2018 to 2023. This growth is primarily driven by the rising number of surgical procedures performed on pets, particularly in the areas of orthopaedic and dental treatments. The increasing incidence of periodontal diseases is expected to contribute to the growing demand for dental procedures. According to the AMA report, there was a 6% increase in dog clinic visits between 2014 and 2017, primarily due to dental issues. Additionally, the expanding ownership of companion animals is expected to further boost revenue growth in this market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Facilities by segment aggregation, the contribution of the Health Care Facilities in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35E2038