Global Companion Animal Health Market Overview to 2027 – Rising Prevalence of Animal Diseases Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Companion Animal Health Market (2022-2027) by Indication, Animal, Distribution Channel, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The Global Companion Animal Health Market is estimated to be valued at USD 28.69 Billion in 2022 and is projected to reach USD 47.46 Billion by 2027, growing at a CAGR of 10.59%.

Market dynamics are forces that impact pricing and stakeholder behaviors in the global Companion Animal Health market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals. As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global companion animal health market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification.

The matrix is ​​also used for risk analysis to understand the risk associated with each approach. The analyst analyzes the use of the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global companion animal health market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Drivers

  • Growing prevalence of zoonoses

  • Growing demand for pet insurance with rising animal health expenditures

  • Initiatives of various government agencies and animal associations

  • Growth in Pet Ownership Rates

Constraints

  • Rising Pet Sitting Costs

  • Limited number of new product developments

  • High vaccine storage cost

Opportunities

  • Lucrative Growth Opportunities in Emerging Markets

  • Growing prevalence of animal diseases

  • Technological Advances in Vaccine Manufacturing

Challenges

  • The stringent regulatory drug approval process

  • Inadequate vaccine monitoring and reporting systems

  • Diversity of parasitic species

Market segmentation

The global companion animal health market is segmented on the basis of indication, animal, distribution channel and geography.

  • By indication, the market is categorized into infectious diseases and dermatological diseases.

  • By animal, the market is categorized into dogs, cats and horses.

  • By distribution channel, the market is categorized into veterinary hospitals, veterinary clinics, and retail pharmacies.

  • By geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Companies cited

  • Ashish Life Sciences

  • Boehringer Ingelheim

  • Ceva Animal Health

  • Chanel Pharmaceuticals

  • Dechra Pharmaceuticals

  • Eco Animal Health Group

  • Elanco Animal Health

  • Endovac Animal Health

  • Hipra

  • Indian Immunologicals

  • Inovet

  • Kyoritsu Seiyaku

  • Lutim Pharma

  • Thanks.

  • Norbrook Holdings

  • Tianjin Ringpu Bio-Technology

  • Vetoquinol

  • Virbac

  • Zoetis

  • Zydus Animal Health and Investments

For more information about this report visit https://www.researchandmarkets.com/r/chd2hv

Boyd S. Abbott