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Pet Cancer Therapeutics market Key Innovative Analysis - Zoetis, Merial, Aratana Therapeutics, AB Science, Vetivax, Oasmia Pharmaceutical, VetDC, Regeneus, CanFel Therapeutics, Karyopharms Verdinexor
MarketStudyReport.com offers 2017 report on global Pet Cancer Therapeutics market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.
Pet healthcare companies are focusing on development of drugs for mast cell cancer and melanoma among other cancer types. This trend will witness change as medicines to treat lymphoma and mammary cell cancer are in the pipeline. Innovative medicines for treatment of multiple cancer tumors is anticipated to accelerate business growth. U.S. pet cancer therapeutics market holds the largest revenue share in 2016. Presence of large number of pet drug manufacturing companies, quick adoption of innovative pet care medicines and increasing disposable income of pet owners will boost industry growth.
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Dogs are more prone to develop cancer than cats and the healthy pipeline will drive segment growth over the forecast years. However, introduction of specialized cat cancer medicines will stimulate the cat cancer therapeutics market growth.
Some of the leading industry players include Zoetis, Merial, Aratana Therapeutics, AB Science, Vetivax, Oasmia Pharmaceutical, VetDC, Regeneus, CanFel Therapeutics, Karyopharms Verdinexor. The most commonly adopted business strategies by industry participants includes new product launches, regional expansion and mergers and acquisition.
Growing pet adoption rate coupled with increasing disposable income of pet owners will drive pet cancer therapeutics market growth. Strong and robust drug pipeline for treatment of pet cancer will stimulate business growth over the forecast years.
According to recent statistics, there are approx. 32 million cats and 65 million dogs in the U.S., which major consumer of pet cancer treatment solutions. Out of these, nearly 6 million new cancer cases are reported in dogs and nearly a similar figure for the cats. Mast cell tumors (MST), one of the most common cancer types and treatment for which are widely available, are found in the skin and tissues like respiratory or intestinal tract. MCT accounts for around 20 percent of all skin tumors in dogs, where tumors can develop from any skin site on a dogs’ body in different appearances. It is observed that dogs which are diagnosed with MST are likely to develop new tumors in the future, making MST a key type of cancer that will drive revenues for the pet cancer therapeutics market.
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U.S. pet cancer therapeutics market holds the largest revenue share in 2016. Presence of large number of pet drug manufacturing companies, quick adoption of innovative pet care medicines and increasing disposable income of pet owners will boost industry growth.
Australia pet cancer therapeutics market held highest regional revenue share in 2016 owing to growing pet-keeping trend, availability of innovative pet care medicines and increasing disposable income of pet owners.
Complete report for 2017-2024 on Pet Cancer Therapeutics market is now available at: https://www.marketstudyreport.com/reports/pet-cancer-therapeutics-market
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