China Companion Animal Health Market Expected to Reach US$ 3.7 billion by 2031 | Boehringer Ingelheim International GmbH, Vetoquinol, Zoetis Services LLC.

China Companion Animal Health Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the China Companion Animal Health market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global China Companion Animal Health market from 2024 to 2031, and what is the market value expected to change by 2031?

The China Companion Animal Health Market reached US$ 1.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 3.7 billion by 2031. The China companion animal health market is expected to exhibit a CAGR of 11.4% during the forecast period (2024-2031).

What is China Companion Animal Health Market?

Companion animal health refers to the overall well-being and medical care of pets, such as dogs, cats, and other domesticated animals that are kept for companionship. This field encompasses preventive care, diagnosis, and treatment of diseases, as well as nutritional guidance and behavioral health. Veterinary professionals play a crucial role in ensuring companion animals lead healthy, happy lives through routine check-ups, vaccinations, dental care, and emergency treatment when needed. Additionally, companion animal health emphasizes the importance of responsible pet ownership, including proper training, socialization, and regular exercise. As the bond between humans and pets continues to strengthen, the focus on companion animal health is becoming increasingly important in promoting the welfare of these animals and enhancing the human-animal relationship.

Key Players:

Profiles of some of the major players in the global China Companion Animal Health market, which include:

Boehringer Ingelheim International GmbH, Vetoquinol, Zoetis Services LLC, Elanco, MSD Animal Health China (Merck & Co. Inc.), China Animal Husbandry Group, Virbac, Jinyu Bio-technology Co., Ltd., Ceva and Bimeda, Inc.

Industry Development:

✔ On May 5, 2023, Zoetis Inc. announced that the FDA approved Librela (bedinvetmab injectable) for treating osteoarthritis (OA)-related pain in dogs. Librela is the first and only anti-NGF monoclonal antibody medication specifically designed for managing canine OA pain and is administered once a month. Clinical studies have shown that it is both safe and effective in providing long-term relief from OA symptoms, significantly improving dogs' mobility and overall quality of life. This innovative treatment option marks a significant advancement in veterinary medicine, offering hope for improved pain management in dogs suffering from osteoarthritis.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global China Companion Animal Health market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

➥ By Product Type: Vaccines, Anti-Infectives, Medicinal Feed Additives, Parasiticides, Diagnostics, Others.

➥ By Animals: Cats, Dogs, Equine, Others.

➥ By End User: Veterinary Hospitals & Clinics, Homecare, and Others.

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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