(PharmaNewsWire.Com, May 29, 2017 ) As per the syndicated report published by Market Data Forecast Europe Companion Animal Health Care Market which is expected to be USD 3.31 billion in 2016 is poised to reach USD 4.48 billion by 2021, at a CAGR of 6.25% from 2016 to 2021. It can attribute to the factors such as prevalence of zoonotic and food borne diseases will be a potential concern to the health of pet animals.
Increasing demand for improved nutrition, rising pet/companion ownership, and growing health care concerns of pets. The constraints that will hinder the growth of the market are restrictions by regulatory bodies have a negative impact on the sales of antibiotics, high costs and rising regulations on animal testing have restrained a number of healthcare companies from manufacturing newly advanced drugs.
Animals like cats, dogs, birds, guinea pigs, pleasure horses, mice and more exotic species kept by humans for company, amusement, psychological support, extrovert display and all the other functions that humans need to share with the animals of different species; companions who will not take emotional advantage of the person and will, for the major part, stay faithful. The companies are concentrating more on the development of new vaccines and drugs for the exciting and newly diagnosed diseases. Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs.
Europe Companion Animal Health Care Market is segmented based on Product as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Geography, the Europe Companion Animal Health care market is analysed under various regions namely U.K, Germany, France, Italy and Spain.
Sanofi Aventis Animal Health, Pfizer Animal health Ltd, Merck & Co Inc., Zoetis Inc., Elanco Products Company, Bayer AG, Boehringer Ingelheim GmbH, Virbac SA, Ceva Sante Animale, Novartis animal Health Inc. and Vetoquinol SA are the major players operating in the Europe Diagnostic Imaging Market.
Over the last decade, various independent entities have arised as standalone animal healthcare companies to fulfil the ever-growing demand for feed additives, veterinary drugs and vaccines. 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.
The Companion Animal Health Care Market study offers the following deliverables:
• Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
• Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
• Explanations 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 affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses
• Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
• 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 - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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