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Global Companion Animal Pharmaceuticals Market: Industry Analysis, Trends, Production, Revenue, Growth And Forecast To 2032
Companion Animal Pharmaceuticals Market
The Business Research Company's Companion Animal Pharmaceuticals Global Market Report 2023 identifies growing prevalence of zoonotic diseases as the major driver for the Companion Animal Pharmaceuticals market's growth in the forecast period. A zoonotic illness is a disease that can be naturally transferred from vertebrate animals to humans or from people to vertebrate animals. The pharmaceutical industry is embracing modern tactics and strategies that are consistent with one set of health principles in order to combat zoonotic illnesses and lower the likelihood of transmission.
The global companion animal pharmaceuticals market size is expected to grow from $13.94 billion in 2022 to $15.12 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The companion animal pharmaceuticals market is expected to reach $20.77 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the Companion Animal Pharmaceuticals market are Elanco Animal Health Incorporated, Boehringer Ingelheim International GmbH, Ceva Santé Animale, Chanelle Pharma, Eco Animal Health Group plc, Ashish Life Science Pvt. Ltd., Endovac Animal Health, Hipra Laboratories, Indian Immunologicals Ltd., Inovet Group, Kyoritsu Seiyaku Corporation, Lutim Pharma Pvt. Ltd., Merck & Co. Inc., Norbrook Laboratories Ltd., Tianjin Ringpu Bio-Technology Co. Ltd., Vetoquinol S.A., Virbac S.A., Zoetis Inc., Agrolabo S.p.A., ALS Pvt. Ltd., Zydus Animal Health and Investments Limited, Eli Lily, IDEXX Laboratories Inc., Merial, and Novartis Animal Health Inc
A key trend in the Companion Animal Pharmaceuticals market includes Embracing big data technologies. Major companies operating in the companion animal pharmaceuticals market are focused on developing new technological solutions to strengthen their position.
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The Companion Animal Pharmaceuticals market is segmented -
1) By Animal Type: Dogs, Cats, Horses, Other Companion Animals
2) By Indication: Infectious Diseases, Dermatologic Diseases, Pain, Orthopedic Diseases, Behavioral Diseases, Other Indications
3) By Distribution Channels: Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Companion Animal Pharmaceuticals market.
The Business Research Company's "Global Companion Animal Pharmaceuticals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Companion Animal Pharmaceuticals Market Include:
1. Executive Summary
2. Companion Animal Pharmaceuticals Market Characteristics
3. Companion Animal Pharmaceuticals Market Trends And Strategies
4. Companion Animal Pharmaceuticals Market - Macro Economic Scenario
5. Companion Animal Pharmaceuticals Market Size And Growth
........
26. Africa Companion Animal Pharmaceuticals Market
27. Companion Animal Pharmaceuticals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Companion Animal Pharmaceuticals Market
29. Companion Animal Pharmaceuticals Market Future Outlook and Potential Analysis
30. Appendix
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