Companion Animal Healthcare Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Pets kept for the safety of an individual, residence, land, or business are known as companion animals. These animals aid in the prevention of theft and render a secure atmosphere. Since the last few decades, the number of people who own and spend money on companion animals has increased. Pet owners are paying more money per pet than they were in the past. Pet owners demand that their pets live balanced lives in the way they do. The standard of care given to these animals has dramatically improved, fueling the market's growth. Besides, individual's disposable income levels have increased, resulting in a rise in the number of pet adoptions, which has contributed to the surge in demand for companion animal healthcare.

MARKET DYNAMICS

Factors driving the companion animal healthcare market's growth are growth in nuclear family trend, and rise in the number of government initiatives to promote veterinary care products. However, increasing advent of counterfeit drugs is likely to hinder the market's growth. Moreover, increasing government support in research and development is also likely to boost market for companion animal healthcare globally.

MARKET SCOPE

The "Companion Animal Healthcare Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of companion animal healthcare market with detailed market segmentation by product type, and animal type. The companion animal healthcare market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in companion animal healthcare market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The companion animal healthcare market is segmented on the basis of product type, and animal type. On the basis of product type, the market is categorized as therapeutics, and diagnostics. The therapeutics is further segmented into vaccines, parasiticides, anti-infectives, medical feed additives, and other therapeutics. The diagnostics market is further segmented into immunodiagnostic tests, molecular diagnostics, diagnostic imaging, and other diagnostics. On the basis of animal type the market is categorized cats, dogs and other companion animals.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the companion animal healthcare market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The companion animal healthcare market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting companion animal healthcare market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the companion animal healthcare market in these regions.

MARKET PLAYERS

The report covers key developments in the companion animal healthcare market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from companion animal healthcare market are anticipated to have lucrative growth opportunities in the future with the rising demand for companion animal healthcare in the global market. Below mentioned is the list of few companies engaged in the companion animal healthcare market.

The report also includes the profiles of key players in companion animal healthcare market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

•   Elanco
  
•   Virbac
  
•   Bayer AG
  
•   Zoetis
  
•   Merck and Co., Inc.
  
•   Boehringer Ingelheim
  
•   Ceva Animal Healthcare
  
•   Merial
  
•   Perrigo Company Plc
  
•   Vetoquinol S.A.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Companion Animal Healthcare Report Scope