(Health-NewsWire.Net, May 04, 2017 ) According to the report North America Companion Animal Health Care Market, published by Market Data Forecast, the market is projected to reach USD 6.53 Billion by 2021, at a CAGR of 6.18 % from 2016 to 2021.
Companion animals are those animals whose emotional, physical, behavioural, mental and social needs can be easily accompany or in close daily relationship with humans. These animals are very man friendly and protect their houses or offices. Various types of diseases in animals and their transfer to humans via their product consumption and companionship are intensifying the market.
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The potential concern to the health of the pet animals is due to the increasing incidence of zoonotic and food borne diseases. Increasing pet/companion ownership, growing the health care concerns of pets, increasing demand for improved nutrition are the major factors for the growth of the market. The other factors that are hindering the growth of the market are stringent regulations by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have neglected a number of healthcare companies from manufacturing newly advanced drugs.
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Market Segmentation:
Based on Product type: Feed Additives Nutritional feed additives Medicinal feed additives Pharmaceuticals
Based on Country USA Canada
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Some of the major companies dominating the market Pfizer Animal health Ltd, Merck & Co Inc., Sanofi Aventis Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Products Company, Bayer AG, Novartis animal Health Inc., Virbac SA, Ceva Sante Animale, Vetoquinol SA.
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Scope of the Companion Animal Health Care Market Study:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Animal Health Segment:
Veterinary Vaccines Market <||>rnhttp://www.marketdataforecast.com/market-reports/north-america-veterinary-vaccines-market-79/
Veterinary Diagnostics Market: <||>rnhttp://www.marketdataforecast.com/market-reports/north-america-veterinary-diagnostics-market-86/
Bovine Respiratory Disease Treatment Market <||>rnhttp://www.marketdataforecast.com/market-reports/north-america-bovine-respiratory-disease-treatment-market-909/
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