(PharmaNewsWire.Com, April 13, 2017 ) According to the report Global Companion Animal Healthcare Market, published by Market Data Forecast, the global market is projected to reach USD 17.20 Billion by 2021, at a CAGR of 6.20% from 2016 to 2021.
Companion animals are the animals Domestic-bred or Domesticated whose emotional, physical, behavioural and social desires can be met as acquaintances in home, or maintain daily friendly relationship with humans. Increasing adoption of companion animals is driving the market. Companion animals are the animals, which serve man by giving companionship and guarding their houses or offices. Various types of diseases in animals and their transfer to humans via their product consumption and companionship are escalating the market globally.
The companies are focusing more on their research and advancement in developmental activities to produce better pharmaceutical and vaccine products for their existing and newly diagnosed diseases because of its competitive with major players. Greater investments are taken place in Research and Development to develop drugs would raise companion animal healthcare companies. In this companion, high profits are expecting in the coming 15-20 years.
The factors influencing the Global Market for Companion Animal Healthcare Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are growing incidence of zoonotic and food borne diseases, increasing pet/companion ownership, growing health care concerns of pets, soaring costs and increasing regulations, rising demand for improved nutrition, are the major factor driving the growth of the market
For granular level understanding the Companion Animal Healthcare Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
By Product: Introduction Feed Additives Pharmaceuticals Vaccines Y-o-Y Growth Analysis, By Product Market Attractiveness Analysis, By Product Market Share Analysis, By Product
Based on Geography, the Companion Animal health care market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America accounts to the largest share in the market due to growing expenditure on pet nutrition and health care. North America Companion Animal Health Care Market Europe Organic Beverage Market Asia-Pacific Companion Animal Health Care Market Latin America Companion Animal Health Care Market Middle East and Africa Companion Animal Health Care Market
Some of the prominent companies operating in global Companion Animal Health Care market are Pfizer Animal health Ltd, Merck & Co Inc., Sanofi Aventis Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Products Company, Bayer AG, Novartis animal Health Inc., Virbac SA, Ceva Sante Animal, Vetoquinol SA.
The Companion Animal Healthcare market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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