Press release
Companion Animal Veterinary Products Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027
Market intelligence data, a leading global market research firm, is pleased to announce its new report on Companion Animal Veterinary Products market, forecast for 2022-2027, covering all aspects of the market and providing up-to-date data on current trends.The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Companion Animal Veterinary Products market segments which include product types, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, trading summary, business strategy and planning, SWOT analysis, and current developments adopted by various players in order to sustain competition in this highly competitive environment.
Companion Animal Veterinary Products Market is envisaged to record an expansion at the CAGR of 11.89% over the forecast period, 2022 – 2027
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Market Overview
Certain factors that are responsible for the growth of the companion animal healthcare market are increasing pet adoption across the world, rising government initiatives for animal health, and growing technological advancements in animal healthcare. The popular nuclear family trend across the world has accelerated pet ownership and is expected to continue during the forecast period. Over the years, the trend of imbuing pets with human characteristics has increased the health and safety concerns among pet owners. This increase is a result of the growing human-animal bond, which defines consumers’ willingness to spend more money on their pets. Further, the rising demand for pet healthcare insurance in the United States is expected to support this argument.
Top Companies in the Global Companion Animal Veterinary Products Market:
Boehringer Ingelheim, Zoetis, Elanco Animal Health, Bayer Animal Health, Merck Animal Health, Virbac, Dechra Veterinary Products, Ceva, Vetoquinol, Meiji, Ouro Fino Saude, Animalcare Group, Parnell
Recent Developments
Zoetis’ largest acquisition to date was in 2018, when it acquired Abaxis for $2.0B. Zoetis has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include life science (50%) and medical products (25%).
CEVA’s largest acquisition to date was in 2021, when it acquired Intrinsix for $33M. CEVA has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include information technology (34%) and semiconductors (34%).
Market Segmentation by Types:
Drug
Vaccine
Market Segmentation by Applications:
Dogs
Cats
Others
Asia-Pacific Dominates The Market
The APAC region is an important and high potential market. The Western matured markets are in contrast to the Asian countries, which are expected to have higher growth potential during the forecast period. Further, over the past several years, the market has witnessed a steady growth, owing to the changing perception of pet treatment and the growing nuclear family system, in the region. The region is endowed with a diverse set of markets. The Australian and Japanese markets are more aware of pet products and have quality-conscious pet owners. The buying pattern and social culture of pet owners make them stand out from most of the other countries in the region.
The study objectives of this report are:
-An overview of the global market for the Global Companion Animal Veterinary Products Market and related technologies.
-Analyses of global market trends, with data, and projections of compound annual growth rates (CAGRs) through 2022-2027.
-Identifications of new market opportunities and targeted promotional plans for the Global Companion Animal Veterinary Products Market.
-Discussion of research and development, and the demand for new products and new applications.
Regional Analysis For Companion Animal Veterinary Products Market:
For extensive understanding of market dynamics, the global Companion Animal Veterinary Products market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Read the full report:
https://www.marketintelligencedata.com/reports/1512169/global-companion-animal-veterinary-products-market-growth-status-and-outlook-2022-2028?mode=ich_nk
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Companion Animal Veterinary Products Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Companion Animal Veterinary Products Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Free customization of the report: This report can be further customized according to the client’s specific requirements. No additional charges will be added for limited additional research.
About Us:
Research Studies is a reliable source for market research reports that can give your company the edge it needs. Market intelligence data goal at Research Reports is to provide a platform for many top-notch market research businesses around the world to publish their research reports, as well as to assist decision-makers in selecting the most appropriate market research solutions all under one roof.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
+1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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