(PharmaNewsWire.Com, July 21, 2017 ) According to the report North America Companion Animal Health Care Market, published by Market Data Forecast, The Global market has been estimated at USD 4.84 Billion in 2016 and is projected to reach USD 6.53 Billion by the end of 2021, at a CAGR of 6.18% during the forecast period from 2016 to 2021.
Companion animals serves man by giving companionship and guarding their houses or offices. Several type of diseases in animals and their transfer to humans by their product consumption and companionship are growing the market. The companies are focusing more on their research and technical advancement to produce better pharmaceutical and vaccine products for their existing 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. The market has high potential for branded generic drugs and has most of the blockbuster drugs are now off-patent. Greater investment in R&D to develop drugs would fetch companion animal healthcare companies’ lucrative profits in the coming 15-20 years.
North America Companion Animal health care market is mainly driven by incidence of zoonotic and food borne diseases will be a potential concern to the health of pet animals, Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition. The restraints that will hinder the growth of the market are restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs.
North America Companion Animal Health Care Market: Segmentation
• Product o Feed Additives Nutritional Feed Additives Medicinal Feed Additives o Pharmaceuticals o Vaccines o Y-o-Y Growth Analysis, By Product o Market Attractiveness Analysis, By Product o Market Share Analysis, By Product • Geographical Analysis
Reasons to buy North America Companion Animal Health Care Market Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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 • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Major players in North America 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 Animale, Vetoquinol SA.
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