Pet Noise Anxiety Treatment Market: Competitive Landscape Analysis With Forecast by 2030

Global Pet Noise Anxiety Treatment Market: Introduction

Noise anxiety in pets is a phobia or strong feeling of fear around loud noises, such as sounds from fireworks or thunderstorms. Noise anxiety can result in several symptoms and have different severity levels for pets. Pets may also have a genetic predisposition toward noise anxiety.

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Key Drivers of Global Pet Noise Anxiety Treatment Market

Significant Rise in Pet Adoption

According to Pethealth, Inc. (September 20, 2019), in North America, pet adoption rose by 5.2% in August, up from a 3.2% rise in July, as both dog and cat rescues increased. Increased level of control and care dog owners provide to their dogs and a rise in perception of dogs as family members are indicators of the changing human-dog relationship in the U.S.

According to the Multidisciplinary Digital Publishing Institute (MDPI), data collected by PetPoint in the last eight years indicate that adoptions increased in the last decade and could have become an additional driver affecting recent decline in euthanasia in adoption of pets across the U.S. Adoptions became a key factor that further decreased national shelter euthanasia starting around or just before 2010.

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According to the National Center for Biotechnology Information, the U.S. National Library of Medicine, adoption numbers have stayed relatively stable over the last three decades; however, the percentage of intake adopted rose from 20% in 1984 to about 35% in 1991, stayed relatively stable at 35% from 1991 to 2005, and then started rising and had reached 52% by 2016. The factors mentioned are significantly driving the global pet adoption market.

Rise in Number of Veterinarians

Veterinarians are among the highly skilled and trained professionals across the globe. Their work demands a high level of training and a commitment to improving the health of animals. The veterinary services industry is in the mature phase, expanding at a steady pace through price rises and an increasing population. The U.S. population of veterinarians witnessed and approximate 32% increase in the last decade, increasing from 83730 in 2007 to 110531 in 2017.

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North America to Account for Major Share of Global Pet Noise Anxiety treatment Market

North America is projected to account for a major share of the global pet noise anxiety treatment market during the forecast period. The market in the region is anticipated to expand at a rapid pace in the next few years due to an increase in research & development and technologically advanced products being introduced in the market. Europe is expected to be the second-largest market during the forecast period owing to the advanced facilities and a rise in the number of veterinarians.

The pet noise anxiety treatment market in Asia Pacific is likely to expand at a high CAGR during the forecast period owing to rising awareness and acceptance of adoption of new techniques in the region

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Key Players Operating in Global Pet Noise Anxiety treatment Market

The global pet noise anxiety treatment market is highly consolidated owing to the presence of several key players. Leading players operating in the global pet noise anxiety treatment market include:

Vets4Pets

Zoetis Inc.

Pegasus Laboratories

VioVet

PetSmart Inc

PetMed

Merck & Co., Inc.

com

Elanco US, Inc.

Eli Lilly and Co.

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