Pune, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The rising need for maintaining the health of companion animals is boosting the global companion animal healthcare market says Fortune Business Insights in their new study. The study is titled, “Companion Animal Healthcare Market Size, Share and Global Trend By Animal Type (Canine, Feline, Equine, Avian, Others), By Product Type (Therapeutics, Diagnostics) and Geography Forecast till 2026.” The report includes growth forecast for the market, besides information on key growth drivers and restraints impacting its trajectory.
According to the report, the canine segment accounts is likely to hold the largest companion animal healthcare market share in terms of animal type. This is attributable to the rising number of pet owners worldwide, and the easy availability of products meant for pet healthcare in the market, including drugs and vaccines.
Highlights of the Report:
- Analysis of the impact of Covid-19 that the market would face in the near future.
- In-depth analysis of the growth drivers and obstacles.
- Profile of all the companies operating in the market.
- Elaborate data about the dominating region.
- Competitive landscape consisting of mergers & acquisitions, investments, partnerships, new product launches, opening of new facilities, and new contracts.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/companion-animal-healthcare-market-101042
Rising Concern Regarding Health and Well-being of Pets Creates Lucrative Growth Prospects
The increasing prevalence of animal diseases is a major factor driving the global companion animal healthcare market. Besides this, increasing construction of healthcare centers for animals and the rising number of veterinary practitioners are boosting the companion animal healthcare market. In addition, the development and availability of animal healthcare products such as animal feeds, oral chews, and others is anticipated to boost the market in the future.
Furthermore, continuous efforts by market vendors in terms of strategic collaborations, product launches, and other growth strategies are prognosticated to help the global companion animal healthcare market gain traction in the coming years.
On the flip side, the market for companion animal healthcare may face certain challenges in terms of high production and maintenance costs of the equipment along with concerns arising due to product recall.
The whole world is fighting the novel coronavirus. Sectors and industries are devasted due to the major loss caused by COVID-19 in business. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/companion-animal-healthcare-market-101042
North America to Emerge Dominant on Account of Rapid Penetration of Animal Healthcare Products
Geographically, the global companion animal healthcare market is anticipated to be dominated by North America on account of the rapid penetration and adoption of animal feeds, vaccines, diagnostic tests, and drug products required for animal health. On the other side, the companion animal healthcare market in Europe is anticipated to grow significantly in the forthcoming years.
The increasing number of pet owners and rising demand for minimally invasive diagnosis for animal healthcare are anticipated to boost growth of the market in Europe.
Additionally, the surge in prevalence of diseases in animals and government support in the form of awareness programs and necessary healthcare measures for preventing the outbreak of diseases in animals are helping the market for companion animal healthcare gain pace in Latin America and Asia Pacific. Furthermore, the companion animal healthcare market in the Middle East and Africa is also presumed to grow in the coming years.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/companion-animal-healthcare-market-101042
Strategic Collaborations and Product Launches by Market Vendors Aimed at Gaining Competitive Advantage
With many players operating in the global companion animal healthcare market, the competition is fierce. Most vendors are adopting unique strategies to gain a competitive edge in the market. Such strategies include the launch of new vaccines, testing kits for animal diagnostics, machinery and equipment for animal ultrasound and other techniques.
List of the companies functioning in the global Companion Animal Healthcare Market:
- Intervet Inc.
- Zoetis
- Bayer AG
- Vetoquinol S.A.
- Boehringer Ingelheim International GmbH
- Virbac
- Ceva Santé Animale
- Elanco
- Heska
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/companion-animal-healthcare-market-101042
Global Companion Animal Healthcare Market Segmentation:
By Animal Type
• Canine
• Feline
• Equine
• Avian
• Others
By Product Type
• Therapeutics
• Diagnostics
By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Have a Look at Related Reports:
Veterinary Therapeutics Market Share and Global Trend By Product Type (Drugs, Vaccines), Animal Type (Companion, Livestock), Route of Administration (Oral, Parenteral, Topical), Distribution Channels (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores) and Geography Forecast till 2025
Veterinary Drugs Market Share and Global Trend by By Product (Anti-infectives, Anti-inflammatory, Parasiticides, Others), By Animal (Companion, Livestock), By Route of Administration (Oral, Parenteral,Topical), Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others,) and Geography Forecast till 2025
Veterinary/Animal Vaccines Market Share & Industry Analysis, By Product (Inactivated, Live Attenuated, Recombinant, Others), By Animal (Companion, Livestock), By Route of Administration (Oral, Parenteral, Others), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others) and Regional Forecast, 2019-2026
Veterinary Diagnostics Market Share & Industry Analysis, By Product Type (Instruments and Reagents & Consumables), By Technique (Hematology, Immunohistochemistry, Molecular Diagnostics, Diagnostic Imaging, Clinical Biochemistry, and Others), By Animal Type (Livestock and Companion), End-user (Veterinary Hospitals & Clinics, Veterinary Reference Laboratories, and Others) and Regional Forecast, 2019-2026
Veterinary Vaccine Adjuvants Market Share & Industry Analysis, By Type (Alum and Calcium Salts, Oil Emulsion Adjuvants, Liposomes, and Archaeosomes, Nanoparticles and Mi-croparticles, and Others), By Application (Research, and Commercial), By Route of Admin-istration (Oral, Subcutaneous, Intramuscular, and Others), By Animal Type (Livestock Animal, and Companion Animal) and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs