Companion Animal Healthcare Market Analysis from 2020 To 2026 is latest report on “Global Companion Animal Healthcare Market”, published by Fortune Business Insights. The Global Companion Animal Healthcare Market analyzed by Animal Type (Canine, Feline, Equine, Avian, Others), By Product Type (Therapeutics, Diagnostics) and Geography Forecast till 2026.
Major Companion Animal Healthcare Market Companies Market Analysis covered in the report include Intervet Inc (Merck Animal Health), Zoetis, Bayer AG, Vetoquinol S.A., Boehringer Ingelheim International GmbH, Virbac, Ceva Santé Animale, Elanco, Heska, and others.
Global Companion Animal Healthcare Market Highlights:
Companion Animal Healthcare Market size is expected to rise at highest growth rate and will reach remarkable market value during forecast period of 2020 to 2026. Market for Companion Animal Healthcare Market is boosted by factors such as Rising Demand from Canine Segment and Improved Availability of Animal Healthcare Accessories. The report includes growth forecast for the market, besides information on key growth drivers and restraints impacting its trajectory.
According to the report, the canine segment accounts is likely to hold the largest companion animal healthcare market share in terms of animal type. This is attributable to the rising number of pet owners worldwide, and the easy availability of products meant for pet healthcare in the market, including drugs and vaccines.
With many players operating in the global companion animal healthcare market, the competition is fierce. Most vendors are adopting unique strategies to gain a competitive edge in the market. Such strategies include the launch of new vaccines, testing kits for animal diagnostics, machinery and equipment for animal ultrasound and other techniques.
Geographically the global market is segmented into North America, Asia Pacific, Latin America, the Middle East & Africa.
Geographically, the global companion animal healthcare market is anticipated to be dominated by North America on account of the rapid penetration and adoption of animal feeds, vaccines, diagnostic tests, and drug products required for animal health. On the other side, the companion animal healthcare market in Europe is anticipated to grow significantly in the forthcoming years. The increasing number of pet owners and rising demand for minimally invasive diagnosis for animal healthcare are anticipated to boost growth of the market in Europe.
Additionally, the surge in prevalence of diseases in animals and government support in the form of awareness programs and necessary healthcare measures for preventing the outbreak of diseases in animals are helping the market for companion animal healthcare gain pace in Latin America and Asia Pacific. Furthermore, the companion animal healthcare market in the Middle East and Africa is also presumed to grow in the coming years.
Companion Animal Healthcare Market Growth Factors:
The increasing prevalence of animal diseases is a major factor driving the global companion animal healthcare market. Besides this, increasing construction of healthcare centers for animals and the rising number of veterinary practitioners are boosting the companion animal healthcare market. In addition, the development and availability of animal healthcare products such as animal feeds, oral chews, and others is anticipated to boost the market in the future. Furthermore, continuous efforts by market vendors in terms of strategic collaborations, product launches, and other growth strategies are prognosticated to help the global companion animal healthcare market gain traction in the coming years.
On the flip side, the market for companion animal healthcare may face certain challenges in terms of high production and maintenance costs of the equipment along with concerns arising due to product recall.
Table Of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
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