The Companion Animal Pharmaceuticals market crossed the US$ 13.0 billion mark in 2022 and is expected to hit US$ 20.0 billion by 2030, recording a CAGR of 7.5% during the forecast period.
The report titled “Companion Animal Pharmaceuticals Market 2022-2030” has recently been added by Business Market Insights to induce a stronger and more effective business outlook. It provides associate in-depth analysis of the various attributes of the industry, like trends, policies, and customers operational in several geographies. Research analysts use quantitative as well as qualitative analytical techniques to supply users, business owners, and industry professionals with accurate and actionable data. The Companion Animal Pharmaceuticals Market study provides comprehensive data which enhances the understanding, scope, and application during the forecast period 2022-2030. Over the past two decades, the incidence of zoonotic diseases has increased globally, primarily as a result of the increased pet population. According to the International Livestock Research Institute (ILRI), 13 zoonoses cause 2.4 billion cases of human diseases and 2.2 million deaths every year. Toxoplasmosis—which is transmitted via cat feces—is quite common, with 10–20% of the UK population and 22% of the US population expected to carry the parasite as cysts. Cats with chronic bacteremia are mainly infected through the saliva, and there is a high risk of transmittance from young adult cats. Although cats are asymptomatic carriers, weaker individuals can develop generalized infections. Many of the emerging and re-emerging infectious disease threats are vector-borne diseases transferred to animals and humans from arthropods.
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The Key Players during this market are:
- Zoetis Inc.
- Merck & Co., Inc.
- Boehringer Ingelheim GmbH
- Elanco Animal Health Incorporated
- Virbac
- Ceva Santé Animale
- Vetoquinol S.A.
- Dechra Pharmaceuticals plc
- Endovac Animal Health
- ECO Animal Health Group plc
Analysis of the Top Market Players:
Competition may be a major subject in any marketing research analysis. This is a report provided with the help of the competitive analysis provided the players can simply study key strategies adopted by leading players in the Companion Animal Pharmaceuticals market till 2030. Major and emerging players of the market are closely studied taking into consideration their market share, product portfolio, revenue, sales growth, and other significant factors. This will help players to become familiar with the moves of their top competitors within the market.
In this report, the market has been segmented on the basis of:
- Indication:
- Infectious Diseases
- Dermatologic Diseases
- Pain
- Orthopedic Diseases
- Behavioral Diseases
- Other Indications
- Animal Type:
- Dogs
- Cats
- Horses
- Other Companion Animals
- Distribution Channel:
- Veterinary Hospitals
- Veterinary Clinics
- Retail Pharmacies
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Recent strategic developments in the companion animal pharmaceuticals market
The Companion Animal Pharmaceuticals market has undergone several significant developments, and a few of these have been mentioned below:
- In September 2020, Virbac acquired a range of Tilapia vaccines from Ictyogroup (an animal health company) to distribute and market them worldwide.
- In June 2020, Merck invested USD 100 million in facility expansion and enhancement efforts in its US manufacturing site in De Soto, Kansas. This site also included an additional
Scope of Companion Animal Pharmaceuticals Market during 2022 to 2030:
Companion Animal Pharmaceuticals Market report evaluates the growth rate and the market value based on market dynamics, growth inducing factors. Complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive market research and vendor landscape in additionally to a SWOT analysis of the key vendors.
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Key Highlights of the Companion Animal Pharmaceuticals Market Research Report:
- The report summarizes the Companion Animal Pharmaceuticals Market by stating the basic product definition, applications, product scope, product price and value, supply and demand ratio, and market summery.
- Competitive landscape of all leading key players together with their business strategies, approaches, and latest Companion Animal Pharmaceuticals market movements.
- Its elements market feasibility investment, opportunities, growth factors, restraints, market risks, and Companion Animal Pharmaceuticals business driving forces.
- It performs a comprehensive study of emerging players within the Companion Animal Pharmaceuticals business together with the present ones.
- It accomplishes primary and secondary analysis and resources to estimate top products, market size, and industrial partnerships of Companion Animal Pharmaceuticals business.
- Companion Animal Pharmaceuticals market report ends by articulating research findings, data sources, and results, list of dealers, sales channels, businesses, and distributors along with an appendix.
Key Questions | Answered included in Sample Report:
-What will the market size be in 2030 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?
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