(Health-NewsWire.Net, March 05, 2018 ) According to the report North America Companion Animal HealthCare 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.
Research shows that having a companion animal of any kind enriches human lives. It shows that pet owners have less illness, recover faster from health conditions and tend to be more content than people who do not own any pets. Companion animals serves man by offering companionship and guarding their houses or offices.
Several type of diseases in animals and their transfer to humans by their product consumption and companionship are growing the market. The companies are focusing more on their research and technical advancement to produce better pharmaceutical and vaccine products for their existing and newly diagnosed diseases. Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs. The market has high potential for branded generic drugs and has most of the blockbuster drugs are now off-patent.
Get a comprehensive overview of the Companion Animal Health Care Market: http://www.marketdataforecast.com/market-reports/north-america-companion-animal-health-care-market-1250/
Companion Animal Health Care Market: Drivers & Restraints
The growth of Companion Animal Health Care Market is driven by incidence of zoonotic and food borne diseases, increasing pet/companion ownership, growing healthcare concerns of pet/companion, necessity for improved nutrition. However, the market is restricted by the regulatory bodies regarding the sale of antibiotics, increasing costs and ethical concerns regarding Animal testing.
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Companion Animal Health Care Market: Segmentation
By Products
Feed Additives Nutritional Feed additives Medicinal Feed additives Pharmaceuticals Vaccines
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Companion Animal Health Care Market: Overview
Feed additives are the most widely used products as they provide all the essential nutrients required for the animal development and growth and medicinal additives to ensure the well being of pet/companion.
Companion Animal Health Care Market: Region-wise Outlook
Based on Geography, the North America Companion Animal Health care market is analysed under regions namely United States, Canada. North America accounts to the largest share in the market due to growing expenditure on pet nutrition and health care.
Key Questions Answered
What is the current and future Companion Animal Health Care Market outlook in North America? What trends are affecting the market? What is the competitive landscape and market share of major players in the Companion Animal Health Care Market space in North America? What are the key, high growth markets that Companion Animal Health Care Market manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Companion Animal Health Care Products currently on the market? How will emerging technologies fulfil these unmet needs? What is patient perception and market outlook of Companion Animal Health Care Products? What are the challenges and barriers that have hindered widespread adoption of Companion Animal Health Care Products?
Companion Animal Health Care Market: Key Players
Some of the major companies dominating the market, by their products 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 Companion Animal Health Care Market Report:
Global, 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 product type, application, colour 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 Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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 • Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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