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Companion Animal Arthritis Market 2023 - Size, Share Analysis, Growth Trends And Forecast To 2032
Companion Animal Arthritis Market
The Business Research Company's Companion Animal Arthritis Global Market Report 2023 identifies Rising trend of pet adoption as the major driver for the Companion Animal Arthritis market's growth in the forecast period. Pet adoption is a method of getting a dog, cat, and other exotic animals that their prior owners have given up to a shelter or rescue rather than getting one from a pet shop, breeder, or another individual. Pets face the risk of developing arthritis once they start getting into old age.
The global companion animal arthritis market size grew from $3.09 billion in 2022 to $3.47 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. 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 arthritis market size is expected to grow to $4.72 billion in 2027 at a CAGR of 8.0%.
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Major competitors in the Companion Animal Arthritis market are Zoetis, Virbac, Elanco, Boehringer Ingelheim International GmbH, Ceva Santé Animale, Dechra Pharmaceuticals PLC.
A key trend in the Companion Animal Arthritis market includes technological innovation. echnological innovation benefits people by improving productivity and giving them access to freshly produced better goods and services, which raise the general standard. Major players in the industry are using monoclonal antibody therapy to treat companion animal arthritis. Monoclonal antibody therapy is used on companion animals to treat arthritis, immune-mediated disorders, chronic pain, and others. Monoclonal antibodies are antibodies produced by immune cells that are identical clones of a single parent cell.
Read More On The Global Companion Animal Arthritis Market Report Here:
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The Companion Animal Arthritis market is segmented -
• By Type: Dogs, Cats, Other Types
• By Indication: Osteoarthritis, Other Arthritis
• By Treatment: Medication, Supplements, Other Treatments
• By Distribution Channel: Veterinary Hospitals And Clinics, Retail Pharmacies, Online Stores, Other Distribution Channels
• 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 Arthritis market.
The Business Research Company's "Global Companion Animal Arthritis 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 Arthritis Market Include:
1. Executive Summary
2. Companion Animal Arthritis Market Characteristics
3. Companion Animal Arthritis Market Trends And Strategies
4. Companion Animal Arthritis Market - Macro Economic Scenario
5. Companion Animal Arthritis Market Size And Growth
……………………………….
26. Africa Companion Animal Arthritis Market
27. Companion Animal Arthritis Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Companion Animal Arthritis Market
29. Companion Animal Arthritis Market Future Outlook and Potential Analysis
30. Appendix
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