Press release
Global Companion Animal Health Market By Animal Type: Dog, Cats, Equine
Companion Animal Health
The research provides up-to-date companion animal health market analysis of the current market landscape, latest trends, drivers, and overall market environment. Companion animals are domesticated or domestically produced animals whose physical, emotional, behavioural, and social needs have been evaluated in order to make them suitable for keeping as pets or sharing a close, everyday interaction with humans. Companion animals are raised to provide companionship for the elderly and to improve dopamine levels, which benefits people's mental health. People now need to help animals more as a result of this.
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The reasons driving the growth of this market include increasing pet adoption, an increase in acute and chronic health issues in pets, and the availability of pet insurance. Another important factor driving the market's expansion is the increasing investments and strategic endeavours made by industry participants to create cutting-edge pet care solutions.
The global animal healthcare industry is being driven by a significant increase in the demand for protein-rich meals as well as an increase in the incidence of zoonotic and food-borne diseases worldwide. Due to the significant decline in the incidence of diseases, the major market players have responded by creating excellent drugs and vaccines. Additionally, as the number of animals has expanded, so has the need for appropriate technologies for tracking animal health. Animal healthcare is now more important than ever, and interest in veterinary vaccines has increased as a result of increased government activity in many areas. Several industrialised nations are serving as the focal point for the rise of internet pharmacy usage because of several advantages like ease and lower pricing for ordered medications.
Investments in R&D to improve product offerings as well as key players' adoption of cutting-edge technologies to change the animal healthcare market have all contributed to the expansion of the global pet animal healthcare market.
Read market research report, " Global Companion Animal Health Market By Animal Type (Dogs, Cats, Equine), Product (Therapeutics, Diagnostics), Distribution Channel (Retail, E-Commerce, Hospital Pharmacies), End User (House Testing, Veterinary Hospitals and Clinics), and Region -Forecast and Analysis 2022-2028" by SkyQuest
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The prominent market players are constantly adopting various innovative ideas and growth strategies to capture more market share. The key market players are Key industry players of the market include Zoetis Animal Healthcare (US), Merial (France), Elanco Animal health (US), Bayer Animal Health (Germany), Merck and Co.Inc. (US), Ceva (France), Vetoquinol (France), Virbac (France), IDEXX Laboratories, Inc. (US), Indian Immunologicals Ltd. (India).
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about companion animal health market revenue. The projections highlighted in the report have been determined utilizing demonstrated research approaches and suppositions.
Report Findings
• Drivers- In the upcoming years, it is projected that the sector would rise due to the increased availability of insurances to protect against accidents. It is projected that the industry will prosper due to the rise in cancer cases, primarily in dogs.
• Restraint- The idea that viruses can be transferred from animals to humans has caused a sharp increase in the number of abandoned pets. COVID-19 has also undermined the supply chain and led to a global shortage of items for animal health, including feed and vaccines.
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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Companion Animal Health Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Companion Animal Health Market Trends
• Comprehensive Mapping of Companion Animal Health Industry Parameters
• Attractive Investment Proposition in the Global Companion Animal Health Industry
• Competitive Strategies Adopted by Companion Animal Health Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Companion Animal Health Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Companion Animal Health market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Companion Animal Health Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Companion Animal Health Market based on Animal Type, Product, Distribution Channel, End User, and Region:
• Global Companion Animal Health Market by Animal Type (Revenue, USD Billion, 2021 - 2028)
o Dogs
o Cats
o Equine
• Global Companion Animal Health Market by Product (Revenue, USD Billion, 2021 - 2028)
o Therapeutics
o Diagnostics
• Global Companion Animal Health Market by Distribution Channel (Revenue, USD Billion, 2021 - 2028)
o Retail
o E-Commerce
o Hospital Pharmacies
• Global Companion Animal Health Market by End User (Revenue, USD Billion, 2021 - 2028)
o In House Testing
o Veterinary Hospital and Clinics
o Others
● Global Companion Animal Health Market by Region (Revenue, USD Billion, 2021- 2028)
• North America
▪ U.S.
▪ Canada
• Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
• Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
• Central & South America
▪ Brazil
▪ Rest of CSA
• Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
https://skyquestt.com/speak-with-analyst/companion-animal-health-market
Key Players in the Global Companion Animal Health Market
• Zoetis Animal Healthcare (US)
• Merial (France)
• Elanco Animal health (US)
• Bayer Animal Health (Germany)
• Merck and Co.Inc. (US)
• Ceva (France)
• Vetoquinol (France)
• Virbac (France)
• IDEXX Laboratories, Inc. (US)
• Indian Immunologicals Ltd. (India)
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
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USA (+1) 617-230-0741
Email: sales@skyquestt.com
Website: https://www.skyquestt.com/
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