Companion Animal Healthcare Market Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users - Global Forecast till 2027
Market Insights:
Market Research Future (MRFR)’s latest study has revealed that the global companion animal healthcare market is poised to proliferate rapidly at a CAGR of 9.6% during the forecast period 2017 to 2023. The market is set to grow from USD 14 Bn in 2016 to USD 20 Bn in 2023. The growing trend of pet adoption is likely to fuel demand in the companion animal healthcare market as it provides a sense of belongingness and responsibility to the people. The exponential geriatric population has accelerated the rate of pet adoption in the recent times. The trend is anticipated to perpetuate across the assessment period.
An increase in the expenditure on companion animals coupled with advancements in medicines and vaccinations have fueled the demand in the market. The market resonates strong growth opportunities presently, and the rising per capita income of the population is likely to have a positive influence on the expansion of the companion animal healthcare market.
The increasing inclination of the pet owners towards a healthy lifestyle of their companions is projected to catapult the companion animal healthcare market on an upward trajectory. The growing number of nuclear families has paved the way for a rise in pet adoption and expenditure among the middle-class families, which is prognosticated to favor the growth of the market over the next couple of years.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1168
Market Segmentation:
By product, the global Companion animal healthcare market has been segmented into feed additives, pharmaceuticals, and vaccines.
By diagnostic tests, the companion animal healthcare market is segmented into diagnostic imaging, immunodiagnostic tests, molecular diagnostics, and other tests.
By end-users, the global companion animal healthcare market has been segmented into veterinary hospitals, veterinary clinics, and home care.
Regional Outlook:
By region, the global companion health care animal market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is the largest market for companion animal healthcare and is forecasted to exhibit significant growth over the assessment period. The wide range of product offerings for animal healthcare coupled with a great emphasis on the pet health is set to aid market proliferation in the region.
Europe is the second largest regional companion health care animal market. The factors projected to favor the market expansion during the forecast period include tax benefits from governments, rising pet ownership, etc.
The increasing awareness about the animal cruelty is set to provide an impetus to the growth of the Asia Pacific market. Meanwhile, the Middle East & Africa is expected to register slow growth rate while exhibiting immense opportunities for expansion.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/companion-animal-healthcare-market-1168
Competitive Dashboard:
Some of the key players profiled in the report are Zoetis Animal Healthcare (U.S.), Merck and Co., Inc. (U.S.), Ceva Animal Healthcare (U.K), Virbac Animal Healthcare (France), Merial (France), Elanco Animal Health (U.S.), Bayer Animal Health (Germany), Vetoquinol S.A. (France), Perrigo Company plc (Ireland), and Boehringer Ingelheim (Germany).
Industry Developments:
In April 2018, Lancaster witnessed its first mobile veterinary unit, SS Pantry, for vaccines and spay/neuter clinics.
You may also be interested in..
Radial Artery Compression Devices Market Research Report - Global Forecast till 2027
Breast Feeding Accessories Market Research Report - Global Forecast till 2027
Dental Forceps Market Research Report - Global Forecast till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: [email protected]
Market AnalysisThe global companion, animal healthcare market, is predicted to touch USD 20 billion at a 9.6% CAGR over the forecast period (2017-2023), as per the latest Market Research Future (MRFR) report.
A yearly veterinary checkup is one of the finest means of keeping the pet healthy.Various factors are propelling the companion animal healthcare market growth.
Additional factors pushing market growth include growing investments made by key players for developing advanced pet care solutions, increasing awareness about animal cruelty, advances in animal vaccines and health medicines, and increased types of medical treatment.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/1168Market SegmentationThe Market Research Future report provides a wide segmental analysis of the companion animal healthcare market based on end users, diagnostic tests, and product.Based on product, the companion animal healthcare market is segmented into vaccines, pharmaceuticals, and feed additives.
Of these, the pharmaceutical products segment will have the largest share in the market over the forecast period.
This is owing to rising zoonotic infections that is boosting the need for establishing point-of-care testing and diagnostics laboratories.Based on end users, the companion animal healthcare market is segmented into home care, veterinary clinics, and veterinary hospitals.
This is owing to the accessibility of a huge variety of diagnostic options.Regional AnalysisBased on the region, the companion animal healthcare market report covers the latest trends and growth opportunities across the Asia Pacific, Europe, the Americas, and the Middle East and Africa.
Companion Animal Healthcare Market Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users - Global Forecast till 2027Market Insights:Market Research Future (MRFR)’s latest study has revealed that the global companion animal healthcare market is poised to proliferate rapidly at a CAGR of 9.6% during the forecast period 2017 to 2023.
The growing trend of pet adoption is likely to fuel demand in the companion animal healthcare market as it provides a sense of belongingness and responsibility to the people.
The trend is anticipated to perpetuate across the assessment period.An increase in the expenditure on companion animals coupled with advancements in medicines and vaccinations have fueled the demand in the market.
The market resonates strong growth opportunities presently, and the rising per capita income of the population is likely to have a positive influence on the expansion of the companion animal healthcare market.The increasing inclination of the pet owners towards a healthy lifestyle of their companions is projected to catapult the companion animal healthcare market on an upward trajectory.
The growing number of nuclear families has paved the way for a rise in pet adoption and expenditure among the middle-class families, which is prognosticated to favor the growth of the market over the next couple of years.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1168 Competitive Dashboard:Some of the key players profiled in the report are Zoetis Animal Healthcare (U.S.), Merck and Co., Inc. (U.S.), Ceva Animal Healthcare (U.K), Virbac Animal Healthcare (France), Merial (France), Elanco Animal Health (U.S.), Bayer Animal Health (Germany), Vetoquinol S.A. (France), Perrigo Company plc (Ireland), and Boehringer Ingelheim (Germany).Market Segmentation:By product, the global Companion animal healthcare market has been segmented into feed additives, pharmaceuticals, and vaccines.By diagnostic tests, the companion animal healthcare market is segmented into diagnostic imaging, immunodiagnostic tests, molecular diagnostics, and other tests.By end-users, the global companion animal healthcare market has been segmented into veterinary hospitals, veterinary clinics, and home care.Regional Outlook:By region, the global companion health care animal market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa.
Americas is the largest market for companion animal healthcare and is forecasted to exhibit significant growth over the assessment period.
Global Companion Animal Health Market Size Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users - Forecast till 2023 The Global Companion Animal Health Market Size is predicted to touch USD 20 billion at a 9.6% CAGR over the forecast period (2017-2023), as per the latest Market Research Future (MRFR) report.
A yearly veterinary checkup is one of the finest means of keeping the pet healthy.
Additional factors pushing market growth include growing investments made by key players for developing advanced pet care solutions, increasing awareness about animal cruelty, advances in animal vaccines and health medicines, and increased types of medical treatment.
Key players have acquired several strategies to gain a competitive edge in the market.
The feed additives segment is again segmented into medicinal feed additives and nutritional feed additives.
Of these, the pharmaceutical products segment will have the largest share in the market over the forecast period.
Companion Animal Healthcare Market Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users - Global Forecast till 2023Market HighlightsCompanion animals are pets reared by most of the people across the globe.
Avail the in-depth table of content TOC & market synopsis on “Companion animal healthcare market Research Report –Global Forecast to 2023.”Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1168Global companion animal healthcare market segmentation:Global Companion animal healthcare market has been segmented on the basis product which includes feed additives, pharmaceuticals and vaccines.
Pharmaceutical products mainly comprise of anti-infectives, antibiotics and anti-inflammatories.
End users are veterinary hospitals, veterinary clinics and home care.Regional analysisGlobally, America accounts for the largest market share.
America consists of two regions namely North America and South America.
Rising awareness about animal health, availability of wide range of products for animal health, increase in focus on food safety and increase in number of people having pets drive this market.
