Companion Animal Health Market by Segmentation, Size, Top Companies and Industry Report 2022-27
SHERIDAN, WYOMING, USA, July 19, 2022 /EINPresswire.com/ — IMARC Group’s latest research report, titled “Companion Animal Health Market: Global Industry Trends, Share, Size, Growth , Opportunities, and Forecasts 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global companion animal health market reached a value of US$21.18 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$36.19 billion. US Dollars by 2027, growing at a CAGR of 8.80% in 2022-2027. Pet health represents the regular monitoring of animal health to detect diseases and other conditions that can be life-threatening if left untreated. These are the development of therapeutic vaccines, anti-neoplastic drugs, monoclonal antibody therapies, genomic tests, digital technologies, etc. Animals, such as dogs, cats, equines, etc., are taken for health diagnostics. Pet health finds many applications in veterinary hospitals, clinics, in-house testing, point-of-care testing, and more.
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Report feature details:
Base year of analysis: 2021
Historical period: 2016-2021
Forecast period: 2022-2027
Important Attribute and Report Highlights:
Detailed Global Market Share Analysis
Market segmentation by animal type, product and end user.
Historical, current and projected market size in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Companion Animal Health Market
Strategies of key players and product offerings
Aging of animals leads to increased risks of obesity, osteoarthritis, tumors, cardiovascular disease (CVD), diabetes mellitus, liver disease, kidney disease, etc., which mainly drives the animal health market pets. Additionally, the growing awareness of the One Health (OH) initiative, which recognizes that public health is linked to animal health and is supported by the World Health Organization (WHO) and American Veterinary Medical Association (AVMA), further increases market growth. Apart from this, the growing use of animal-assisted therapy in various fields of human health and the growing population of traditional companion animals including dogs and cats are also driving the global market. Additionally, the growing number of pet parents in the counties who are aware of the general health and well-being of pets is acting as another significant growth driver. Additionally, the increasing prevalence of zoonotic diseases across the world is expected to bolster the companion animal health market in the coming years.
Key Players Included in the Global Companion Animal Health Market Research Report:
Ceva Animal Health
Dechra Pharmaceuticals PLC
Elanco Animal Health Incorporated
IDEXX Laboratories Inc.
Indian Immunologicals Limited (National Dairy Development Council)
Merck & Co. Inc.
Virbac and Zoetis Inc.
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Overview of the impact of COVID-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Key Market Segmentation:
Breakdown by type of animal:
Breakdown by product:
Breakdown by end user:
Point-of-Care Screening/In-House Testing
Hospitals and veterinary clinics
Breakdown by region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Table of Contents of Companion Animal Health Market Research Report:
Scope and methodology
Global Pet Health Market
Value chain analysis
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