Pet (Companion Animal) means any cat or dog or any other domesticated animal support in or near the household of the owner or person who cares for such domesticated animal. Due to raising number of disorders in pet/companions, the companies are focusing more on the research for the development of new vaccines and drugs. Companion Animal healthcare market has seen some of the important acquisitions and mergers to obtain expertise in developing new active pharmaceutical ingredients /drugs
Various key factors which drive the market towards growth or restrain the market by downsizing the value are covered in the DROC analysis. Some of those key factors are Increasing pet/companion ownership, growing health care concerns of pets, raising incidence of zoonotic and food borne diseases, increasing demand for improved nutrition. Limitations by regulatory bodies have a negative impact on the sales of antibiotics, increasing regulations and raising costs on animal testing have hampered a number of healthcare companies from manufacturing newly advanced drugs are the factors hindering the growth of the market.
The products are segmented based on Feed additives, Pharmaceuticals, and Vaccines and studied for a deep-level understanding of the Companion Animal Health Care Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on 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 Latin America Companion Animal Health care market is analysed under various regions namely Brazil, Argentina and Mexico.
As per the report, companies like Pfizer Animal health Ltd, Virbac SA, Boehringer Ingelheim GmbH, Ceva Sante Animale, Zoetis Inc., Bayer AG, Merck & Co Inc., Elanco Products Company, Novartis animal Health Inc., Sanofi Aventis Animal Health, Vetoquinol SA.
Over the last decade, various independent entities have materialized as standalone animal healthcare companies to fulfil the ever-increasing demand for feed additives, vaccines, and veterinary drugs. Animal healthcare market has also seen some very important acquisitions and mergers to acquire expertise in developing new drugs/active pharmaceutical ingredients. The market is also highly potential for branded generic drugs in as most of the blockbuster drugs are now off-patent. Greater investment in R&D to develop new drugs would fetch animal healthcare companies’ greater benefits in the coming 15-20 years.
Scope of the Latin America Companion Animal Health Care Market:
• Regional and country-level analysis that provides an intrinsic perspective of Brazil, Argentina and Mexico markets to that of the Latin American region
• Segment-level analysis on basis of Feed additives, Pharmaceuticals, and Vaccines along with market size forecasts and y-o-y estimations are provided for better understanding of major focus areas
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Macro & Micro environmental factors such as political influence, legal barriers, technological prowess and industry rivalry are covered in the extensive PESTLE and Porter’s Five Forces Analyses.
• 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
• Mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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