Get in touch with us for special pricingGMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. Pet adoption for companionship among the elderly population has greatly surged in the past decade. The segmental progress is majorly due to the growing number of pets and fast-changing technology implications. Bottom-up approach is always used to obtain insightful data for the specific country/regions. Boehringer Ingelheim is the market leader with more than 20% of the total market followed by Zeotis, Bayer Healthcare, and Merck. Boehringer Sohn AG & Co. KG, Dechra Pharmaceuticals, Nutreco N.V., and Phirbo Animal Health, Zoetis. Presently, various established companies are increasingly focusing on the development of healthcare products and services for companion animals. Figure 1: Animal health's billion-dollar businesses 2007-2017 ($ billion) Figure 2: Animal health market share (sales in 2017) Figure 3: Average growth and combined sales of …
Besides this, forecasting will be done based on our internal proprietary model which also uses different macro-economic factors such as per capita healthcare expenditure, disposable income, industry based demand driving factors impacting the market and its forecast trends apart from disease related factors.The global animal healthcare market has been segmented into:Copyright © Persistence Market Research. Pet care expenditure mainly includes pet services, food, medicines and veterinary services.Zoonotic diseases (Contagious Diseases) are global burden to both public health and animal welfare. Animal Healthcare Market.
Also, lack of awareness and availability of animal medicines and funding in the emerging market might deter the animal healthcare growth opportunities.The market for animal healthcare is segmented on the basis of product into pharmaceuticals, medical devices and veterinary services. As per the National Pet Ownership Survey conducted in 2017-2018 by the American Pet Products Association (APPA), around 78 million dogs are owned by the Americans.
This later might hamper the animal healthcare market growth opportunities. Modern medicine in association with technology is focused on improving animal health and livestock production. Animal Healthcare Market Segmented By Oral and Parenteral Route of Administration in Anti-Infective Agents, Anti-Inflammatory and Analgesic Agents, Parasiticides, Vaccines, Hormones and Substitutes, Nutritional Products Drugs Type 6-7% CAGR, China Companion Animal Health Market, Size, Outlook 2020-2027 Categorizes the Global Market by Type, By Application and by Region - Industry Analysis, Size, Share, Growth Opportunities, Trends, and Forecast Report The development of animal healthcare was quite slow until the latter part of the 19It is observed that the animal healthcare industry is quite sensitive to changes in the overall economy. The country specific data is again analysed to derive data at a global level. Also, it was reported that 44% of households have a dog.Some of the prominent players operating in animal healthcare market are Bayer, Boehringer Ingelheim, Dechra Pharmaceuticals, Elanco, Merck, Zoetis, B. Braun Vet Care, Medtronic, IDEXX Laboratories, and Neogen. Know how impact of COVID-19 outbreak will lead to change in company market share. Know how impact of COVID-19 outbreak will lead to change in company market share. These Y-o-Y growth projections are checked and aligned as per industry/product lifecycle and further utilized to develop market numbers at a holistic level.On the other hand, we also analyse various companies annual reports_bk_01_01_2020, investor presentations, SEC filings, 10k reports_bk_01_01_2020 and press release operating in this market segment to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players and their market shares.
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According to this report, growing incidences of animal diseases, technological advances and education about specialty services are factors driving the North American animal healthcare demand at around 3.5% CAGR to 2025. As per the European Pet Food Industry data, there were about 75 million pet-owning homes in Europe in 2014.
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