Pune, India — 04/27/2018 — The Global Companion Animal Healthcare Market is expected to reach USD 20 billion by 2023 at a CAGR of 9.6% during forecast period 2017 to 2023.
Key players in companion animal healthcare market are:
Zoetis Animal Healthcare (U.S.),
Merck Co., Inc. (U.S.),
Elanco Animal health (U.S.),
Bayer Animal Health (Germany),
Ceva Animal Healthcare (U.K),
Virbac Animal Healthcare (France),
Vetoquinol S.A. (France),
Perrigo Company plc. (Ireland),
Boehringer Ingelheim (Germany)
Companion Animal are pets which are kept for assurance of a man, organization, property or habitation. These creatures help to maintain a strategic distance from robbery and render safe condition. Puppy and felines are the most prevalent pets. Companion Animal assume a vital part in the lives of many, giving a feeling of having a place and duty. With it the market for items, including pharmaceuticals and antibodies, which contribute essentially to the wellbeing and prosperity of these creatures.
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These items give sustenance to creatures. Partner creature proprietorship and uses have likewise been ascending since recent decades. Pet proprietors are spending more per pet than any other time in recent memory. Pet proprietors demand that their pets should lead an indistinguishable sound ways of life from they do.
Companion Animal Healthcare market is picking up significance because of an expansion in number of individuals having pets, accentuation on animal and immunization and also request of creature medicinal services items. Level of care gave to these creature has altogether enhanced driving the development of this market. The market for sidekick creature social insurance is developing at an extremely exceptional pace.
Ascend in the salary levels of people utilizing to the current patterns is prompting the expansion in the quantity of pet (buddy creature) selection which eventually prompts increment in the request of friend creature medicinal services. New patterns of atomic families and expanding normal wage among people have brought about expanded reception of pets among middleclass families too. Moreover, progresses in Animal Healthcare pharmaceuticals and immunizations, expanded sorts of medicinal treatment are encouraging the market development of Companion animal market.
Globally, 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.
Alarming occurrences of zoonotic diseases also affect the growth of this market. Collaborations, mergers and acquisition strategies applied by major market players drive this market in North America. After Americas, Europe is the second largest market for companion animal healthcare. While Asia Pacific a positive growth in this market. Increased awareness regarding animal cruelty and ideologies towards animals are some of the major factor driving the growth of this market in Asia Pacific.
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The market shows a slow growth in Middle East & Africa. Middle East & African market for companion animal healthcare also shows high growth opportunities due financial improvement and related increments in disposable income.
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
LIST OF TABLES
Table 1 Companion Animal Healthcare Industry Synopsis, 2017-2023
Table 2 Global Companion Animal Healthcare Market Estimates and Forecast, 2017-2023, (USD Million)
Table 3 Global Companion Animal Healthcare Market by Region, 2017-2023, (USD Million)
Table 4 Global Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)
Table 5 Global Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Companion Animal Healthcare Market
Figure 3 Segmentation Market Dynamics for Companion Animal Healthcare Market
Figure 4 Global Companion Animal Healthcare Market Share, by Product, 2016
Figure 5 Global Companion Animal Healthcare Market Share, by Diagnostic tests, 2016
Figure 6 Global Companion Animal Healthcare Market Share, by End Users, 2016
Figure 7 Global Companion Animal Healthcare Market Share, by Region, 2016
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