Increasing Expendable Income Accompanying the Growth of Companion Animal Healthcare Market

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16 Nov, 2016, 14:00 GMT

HYDERABAD, India, November 16, 2016 /PRNewswire/ --

According to the report "Companion Animal Health Care Market", published by Market Data Forecast, the global market is projected to reach USD 17.20 Billion by 2021, at a CAGR of 6.20 % from 2016 to 2021.

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Companion animals are the animals which serve man by giving companionship and guarding their houses or offices. Various types of diseases in animals and their transfer to humans via their product consumption and companionship are escalating the market globally.

Growing incidence of zoonotic and food borne diseases will be a potential concern to the health of pet animals. Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition, are the major factor driving the growth of the market. The factors that are hindering the growth of the market are restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs.

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The companion animal healthcare market is segmented as follows:

Based on Product type:

  • Feed Additives
  • Nutritional feed additives
  • Medicinal feed additives
  • Pharmaceuticals
  • Vaccines

Based on Geography

Some of the major companies dominating the global 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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The Companion Animal Healthcare market study offers the following deliverables: 

  • Global, 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 Porter's 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 Diagnostics Market: 

http://www.marketdataforecast.com/market-reports/global-veterinary-diagnostics-market-85/

Veterinary Vaccines Market: 

http://www.marketdataforecast.com/market-reports/veterinary-vaccines-market-75/

Veterinary Healthcare Market: 

http://www.marketdataforecast.com/market-reports/global-veterinary-healthcare-market-482/

Bovine Respiratory Disease Treatment Market: 

http://www.marketdataforecast.com/market-reports/global-bovine-respiratory-disease-treatment-market-908/

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