The global canine arthritis treatment market is on the brink of substantial expansion, with industry forecasts predicting a rise from USD 2.50 billion in 2024 to an impressive USD 3.77 billion by 2034. This anticipated growth represents a robust compound annual growth rate (CAGR) of 4.20%, underscoring a growing recognition of and demand for effective arthritis treatments for dogs.
As pet owners become increasingly aware of the challenges faced by their furry companions dealing with arthritis, there is a marked surge in the demand for innovative and effective treatment solutions. The market’s growth is driven by advancements in veterinary medicine, increased research into novel therapies, and a heightened focus on improving the quality of life for dogs suffering from arthritis.
This upward trajectory in the canine arthritis treatment market highlights a significant shift towards better management of arthritis in pets, driven by an increasing number of veterinary clinics and pet care providers investing in specialized treatments and solutions. The expansion of treatment options and the development of new, more effective therapies are pivotal in meeting the rising demand.
“The increasing awareness among pet owners and advancements in veterinary care are playing a crucial role in the growth of the canine arthritis treatment market,” said FMI. “We are committed to supporting the development and availability of cutting-edge treatments that enhance the well-being of dogs worldwide.”
With this growth, stakeholders in the veterinary industry, including pharmaceutical companies, research institutions, and veterinary practitioners, are poised to play a critical role in shaping the future of canine arthritis treatment. The commitment to innovation and improved treatment outcomes remains a top priority as the market continues to evolve.
Key Insights from the Market Study:
- The oral segment leads the market with a 70% share in 2024.
- Non-steroidal Anti-inflammatory Drugs (NSAIDs) dominate the market with a 72% share.
- The canine arthritis treatment market is experiencing strong growth across various regions:
- India: CAGR of 5.30% through 2034
- Spain: CAGR of 5.50% through 2034
- Italy: CAGR of 4.90% through 2034
- Australia: CAGR of 4.70% through 2034
- France: CAGR of 4.60% through 2034
Increased Interest in Canine Arthritis Treatment: Explore Our Detailed Report for Key Trends and Insights!
Competitive Landscape:
The canine arthritis treatment market is highly competitive, with major companies investing heavily in research and development to innovate new treatments. Notable players include Boehringer Ingelheim International GmbH, DAIICHI SANKYO COMPANY, LIMITED, Thorne, NUTRI-VET, American Regent, Inc., and DSM.
Recent Developments:
- January 2023: TVM introduced DogStem, Europe’s first licensed stem cell therapy for canine osteoarthritis.
- May 2019: Elanco launched Galliprant, a novel treatment targeting the EP4 receptor to reduce pain and inflammation in canine osteoarthritis.
- February 2024: Rejuvenate Bio partnered with a leading animal health company to develop groundbreaking gene therapy for canine osteoarthritis.
Market Segmentation:
- By Treatment: NSAIDs, Opioids, Stem Cell Therapy (Allogeneic and Autologous)
- By Route of Administration: Oral, Injectable
- By Distribution Channel: Veterinary Hospitals & Clinics, Retail Pharmacies, Drug Stores, e-Commerce
- By Region: North America, Latin America, Asia Pacific, Middle East and Africa (MEA), Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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