Companion Animal Healthcare Market Growth, Global Trend, Segmentation, Industry Size, Share Analysis till 2023 by Elanco Animal health, Bayer Animal Health, Merck and Co., Ceva Animal Healthcare, etc

“Companion Animal Healthcare Market”
Global Companion Animal Healthcare Market Report include on with exhaustive Study. The report aims to provide an overview of Global Companion Animal Healthcare Market Report. The report provides key statistics on the market status. Report include in-depth analysis of industry, size, share, and top industry experts success milestones, and market future predictions till 2023.

Global Companion Animal Healthcare Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users – Forecast till 2023

Companion Animal Healthcare market is growing pervasively owing to the increasing awareness towards animal healthcare. People are increasingly becoming sensitive towards animals and the pain they are going through during sickness, injuries, recoveries and after effects of sickness related to animal physiology and psychology. Factors such as growing number of pet owners coupled with the continued strengthening bond between owners and their animal companions drive the market growth significantly.

Considering the rapid expansions the market is perceiving currently and the potential this market holds to grow further, Market Research Future (MRFR) recently published a study report, giving out a complete market insight for the period 2017 – 2023. In its analysis, MRFR asserts that the global Companion Animal Healthcare market will reach up to USD 20 Billion by 2023 registering 9.6% CAGR during the review period (2017 – 2023).

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Rising per capita income of individuals is leading to the increasing number of Pets adoption which ultimately leads to increasing the demand for Companion Animal Healthcare. New trends of nuclear families and rising average income among individuals have resulted in increased adoption of pets among middle-class families as well. Increased awareness regarding animal cruelty has also influenced people’s knowledge and ideologies about animals.

Additionally, developments in animal health medicines and vaccines, along with the increased medical treatments are fostering the market growth of Companion Animal Healthcare Market. Other factors contributing to the growth of Companion Animal Healthcare market include increased R&D expenditure to bring innovations in the products, and development of better and effective pharmaceuticals and vaccines, etc.

Improving economic conditions across the globe enable access to the quality life by increasing consumers’ buying power and cost-effective veterinary healthcare foster the market growth.

Key Players:

The Global Companion Animal Healthcare Market is led by some of the fervent key players including

  • Merial (France),
  • Zoetis Animal Healthcare (US),
  • Elanco Animal health (US),
  • Bayer Animal Health (Germany),
  • Merck and Co., Inc. (US),
  • Ceva Animal Healthcare (UK),
  • Vetoquinol S.A. (France),
  • Virbac Animal Healthcare (France),
  • Perrigo Company plc. (Ireland), and
  • Boehringer Ingelheim (Germany).  

Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of the competition.

Companion Animal Healthcare Industry News:

In August 2018, FDA has approved NexGard® (afoxolaner), which prevents the infection that causes Lyme disease in dogs.

April 24, 2018 – Zoetis (US) a leading Global animal health company, while reporting on the progress of one of their initiatives – A.L.P.H.A. (African Livestock Productivity and Health Advancement) stated that despite several adversaries, they are very well keeping up with the plan in the first place. The initiative is funded by a grant of USD 14.4 million from the Bill & Melinda Gates Foundation, to establish sustainable animal health infrastructure and veterinary diagnostic networks in Nigeria, Uganda, and Ethiopia.


For an easy grasp and enhanced understanding; MRFR has segmented the analysis into 4 Key dynamics

By Diagnostic Tests: Comprises – Immunodiagnostic Tests, Diagnostic Imaging, and Molecular Diagnostics, among others.

By Products:  Feed Additives {Nutritional Feed Additives (minerals proteins, and vitamins) and Medicinal Feed Additives (enzymes, hormones, immune-modulators, and probiotics among others.)}, Pharmaceuticals (antibiotics, anti-inflammatories and anti-infective,) and Vaccines.

By End-Users: Veterinary Clinics, Veterinary Hospitals, and Home Care among others.

By Regions:  North America, Europe, APAC and Rest of the World.

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Regional Analysis

Globally, America accounts for the largest market share. Rising awareness about companion animal health, availability of wide range of products for animal health, increase in focus on food safety and increase in number of people having pets drive this market. Alarming occurrences of zoonotic diseases also affect the growth of this market. Europe is the second largest market for companion animal healthcare. Increased awareness regarding animal cruelty and ideologies towards animals are some of the major factor driving the growth of this market in Asia Pacific.

The companion animal healthcare market shows a slow growth in Middle East & Africa. Middle East & African market for companion animal healthcare also shows high growth opportunities due financial improvement and related increments in disposable income.

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