(Health-NewsWire.Net, July 27, 2017 ) According to the report Europe Companion Animal Health Care Market, published by Market Data Forecast, the market is projected to reach USD 4.48 billion by 2021, at a CAGR of 6.25% from 2016 to 2021.
Companion animals are the domesticated animals who are domesticated and whose emotional, physical, behavioural and social needs can be fulfilled by treating them as companions, or having a close regular relationship with humans in their homes. The companies are paying more significance on research and development of new drugs and vaccines for the prevention of newly diagnosed diseases. Companion Animal healthcare market has witnessed a lot of mergers and acquisitions to gain expertise in the development of new pharmaceutical ingredients.
Get a comprehensive overview of the Europe Companion Animal Health Care Market: http://www.marketdataforecast.com/market-reports/europe-companion-animal-health-care-market-1251/
Europe Companion Animal Health Care Market: Drivers & Restraints Europe Companion Animal health care market is majorly fuelled by factors like increased instances of zoonotic and food borne illnesses, the increasing concern for the health of pet animals, growing pet ownership and increasing demand for nutritious animal food. The major constraints that have the potential to hamper the growth of the market are regulations imposed by different agencies which negatively impact the sales of antibiotics, high costs and increasing restrictions on animal testing. These factors have hampered a number of healthcare companies from preparing newly advanced drugs.
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Europe Companion Animal Health Care Market: Segmentation By Animals • Cats • Dogs By Product • Feed Additives o Medicine Feed Additives o Nutritional Feed Additives • Vaccines • Pharmaceuticals
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Europe Companion Animal Health Care Market: Overview The Europe Companion Animal Health Care Market was valued at USD 3.31 billion as of 2016. As already stated, majority of the market’s growth is likely to come from the increasing awareness about animal healthcare. This market shows evident growth potential during the forecast period. The Nutrition feed additives include vitamins, amino acids and minerals while medical feed additives include probiotics, hormones, immune-modulators, prebiotics and enzymes. The scope of Veterinary medicine is wide, covering many animal species.
Europe Companion Animal Health Care Market: Region-wise Outlook Geographically, the Europe Companion Animal Health care market is analysed under various regions namely U.K, Germany, France, Italy and Spain. The increasing love for pets has been a major reason for the growth of this market in the European countries.
Europe Companion Animal Health Care Market: Key Players Major players in the market include 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.
Reasons to buy Europe Companion Animal Health Care Market Report: • Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering • Segment-level analysis on basis of animals and product along with market size forecasts and y-o-y 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
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