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New York, United States, Oct. 17, 2022 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, the Global Veterinary Pain Management Market Size to grow from USD 1,407.8 million in 2021 to USD 2378.4 million by 2030, at a CAGR of 6% during the forecast period. Asia Pacific is expected to grow the fastest during the forecast period.
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The growth of this market is anticipated to be driven by many factors, including an increase in the adoption of companion animals, an increase in the number of veterinarians as well as an increase in the income levels of veterinarians working in developed economies, an increase in the consumption of meat and milk, an increase in the prevalence of animal diseases that cause pain and inflammation, and an increase in the adoption of pet insurance in conjunction with an increase in the amount spent on animal healthcare.
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The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions…
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