Latest reports Market Research Future (MRFR). The global companion, animal healthcare market, is predicted to touch USD 20 billion at a 9.6% CAGR over the forecast period (2017-2023), Companion animals are used for amusement, company, extrovert display, psychological support, and other functions which humans require for sharing with animals. A yearly veterinary checkup is one of the finest means of keeping the pet healthy.
Various factors are propelling the Companion Animal Healthcare Market Size. These factors, as stated by the MRFR report, include growing pet adoption across the world, increasing government initiatives for animal health, growing advancements in technology in animal healthcare, and increasing nuclear families that have accelerated the trend of pet ownership.
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.
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Market Segmentation
The 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.
- Based on diagnostic tests, the companion animal healthcare market is segmented into molecular diagnostics, immunodiagnostic tests, diagnostic imaging, and others.
- Based on end users, the companion animal healthcare market is segmented into home care, veterinary clinics, and veterinary hospitals.
Key Players
Leading players profiled in the companion animal healthcare market report include Boehringer Ingelheim (Germany), Perrigo Company plc (Ireland), Vetoquinol S.A. (France), Bayer Animal Health (Germany), Elanco Animal Health (US), Merial (France), Virbac Animal Healthcare (France), Ceva Animal Healthcare (UK), Merck and Co., Inc. (US), and Zoetis Animal Healthcare (US), among others.
Regional Analysis
Based 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. Of these, the Americas will spearhead the market over the forecast period. This is owing to the availability of a huge variety of animal health products.
The companion animal healthcare market in Europe is predicted to have the second-largest share in the market over the forecast period. This is due to an increase in pet ownership on account of tax benefits offered by the government.
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The companion animal healthcare market in the APAC region is predicted to have a positive and steady growth over the forecast period. This is owing to the rising awareness about animal cruelty that has influenced people awareness as well as ideologies towards animals. The companion animal healthcare market in the Middle East and Africa is predicted to have a steady growth over the forecast period. This is owing to high growth opportunities on account of financial improvement and an associated increase in disposable income.
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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 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 Free Sample Copy at: 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.
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.
