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Pet Specialty Drugs Market - Regional and Competitive Landscape Forecast to 2028

06-30-2023 12:35 PM CET | Health & Medicine

Press release from: The Insight Partners

Pet Speciality Drugs Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

A pet animal primarily refers to cats and dogs, which are domesticated and usually maintained in or near the household of the owner or person caring for them. Pet or companion animals do not refer to a farm animal or grazing animals such as cattle and sheep. Pet owners consider their companion animals as a member of the family. They care a lot about their pets' wellbeing and hence look for good healthcare products to ensure proper health for their animal counterparts.

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The pet specialty drugs market has shown a significant evolution over the forecast period. The rise of the pet specialty drugs market is majorly driven by the increasing pet ownership and awareness related to pet diseases or pet health. Pet ownership has been increasing globally, primarily driven by lifestyle changes, increased disposable income, and more people who want pets as companions. Dermatitis, flea allergy, and Lyme disease are common types of diseases transmitted by fleas & ticks. The other common health issue found among pets is arthritis. The pet specialty drugs market is primarily driven by flea & tick and pain relief & arthritis products. Moreover, new product developments and technological advancements are fueling the market growth. For instance, in 2020, Zoetis Inc. expanded its animal vaccines research and manufacturing in Suzhou, China. The company focuses on the development and manufacturing of vaccines and supplements for pet. The company is also planning to expand its physical presence by establishing new manufacturing and distribution centers in east China. However, the high cost associated with animal drugs is impeding the market growth.

The scope of the Pet Specialty Drugs Market Report:

The "Pet Specialty Drugs Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry's pharmaceuticals, focusing on the global market trend analysis. This report outlines the pet specialty drugs market with detailed market segmentation by type, application, and end-user. The pet specialty drugs market is estimated to witness a high rise during the forecast period. It focuses on the vital statistics on the leading players' market status in the pet specialty drugs market and provides key opportunities and trends in the market.

Market Segmentation:

The market is categorized based on the type, application, and end user. Based on the type, the market is segmented as antibiotics, anti-inflammatory drugs, vaccines, and others. Based on the application, the segmentation of the market is into dogs, cats, and others. Based on end user, the segmentation of the market is into veterinary hospitals, veterinary clinics, and others.

Competitive Analysis:

The report states a detailed outline of the industry, consisting of both quantitative and qualitative information. It offers a sketch and forecast of the pet specialty drugs market based on various segments. The report also consists of market size and forecast estimates from the year 2023 to2028 with respect to five main regions, namely; North America, Asia-Pacific (APAC), Europe, Middle East, and Africa (MEA), and South & Central America. The pet specialty drugs market by each region is then sub-segmented into respective countries and segments. It comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.

Major Key players covered in this Pet Specialty Drugs Market report:

1. Zoetis
2. Merck Sharp & Dohme Corp. (Merck & Co., Inc.)
3. Piedmont Animal Health, Inc.
4. Eli Lilly and Company.
5. Boehringer Ingelheim International GmbH.
6. Bayer AG
7. Virbac.
8. Ceva
9. Vetoquinol India Animal Health Pvt Ltd
10. Golden Gate Veterinary Compounding Pharmacy.

The report also offers key players' profiles in the pet specialty drugs market, along with their SWOT analysis and market strategies. Also, the report focuses on the key market players with information on company profiles, financial information of the last three years, components, and services provided, critical development in the past five years.

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Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Pet Specialty Drugs Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Pet Specialty Drugs Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

Buy Report at: https://www.theinsightpartners.com/buy/TIPRE00018835/?utm_source=OpenPR&utm_medium=10766

Market Scope:

The "Pet Specialty Drugs Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry's pharmaceuticals, focusing on the global market trend analysis. This report outlines the pet specialty drugs market with detailed market segmentation by type, application, and end-user. The pet specialty drugs market is estimated to witness a high rise during the forecast period. It focuses on the vital statistics on the leading players' market status in the pet specialty drugs market and provides key opportunities and trends in the market.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About The Insight Partners:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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