The Global Companion Animal Healthcare Market is expected to reach USD 20 billion by 2023 at a CAGR of 9.6% during forecast period 2017 to 2023.
Companion animals are pets reared by most of the people across the globe. They become an asset in the terms of providing protection to a person, property or workplace. Companion Animal Market is increasing due to an increase in number of people having pets, change in the way of providing care to the pets and awareness regarding spread of zoonotic diseases. Moreover, the financial improvement and related increments in disposable income, longer life expectancy for companion animals are some factors that influence the growth of companion animal healthcare market.
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Taste the market data and market information presented through more than 45 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Companion animal healthcare market Research Report –Global Forecast to 2023.”
Key players in the market
Key players in companion animal healthcare market are: Zoetis Animal Healthcare (U.S.), Merck Co., Inc. (U.S.), Elanco Animal health (U.S.), Merial (France), Bayer Animal Health (Germany), Ceva Animal Healthcare (U.K), Virbac Animal Healthcare (France), Vetoquinol S.A. (France), Perrigo Company plc. (Ireland), Boehringer Ingelheim (Germany) and others.
Zoetis Animal Healthcare is a global animal healthcare company providing wide range of products for animal care. It provides specific products for dogs, cats and horses. Apoquel, Cerenia, Convenia, Cytopoint, Palladia, Rimadyl are the products for dogs.
Regional analysis
Globally, America accounts for the largest market share. America consists of two regions namely North America and South America. Rising awareness about 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.
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Alarming occurrences of zoonotic diseases also affect the growth of this market. Collaborations, mergers and acquisition strategies applied by major market players drive this market in North America. After Americas, Europe is the second largest market for companion animal healthcare. While Asia Pacific a positive growth in this market. 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 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.
Brief TOC
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Market Factor Analysis
5. Global Companion Animal Healthcare Market, By Product Type
6. Global Companion Animal Healthcare Market, By Species
7. Global Companion Animal Healthcare Market, By End Users
8. Global Companion Animal Healthcare Market, By Region
9. Competitive Landscape
10. Company Profile
11. Conclusion
12. Appendix
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