Companion Animal Drugs Market Analysis 2024 Key Findings, Company Profiles, Complete Analysis, Growth Strategy, Developing Technologies, Trends and Forecast by Regions
As per the research conducted by Fast. MR, the report titled “Companion Animal Drugs Market, by Drug Class (Antibiotics, Anti-inflammatory, Parasiticides, Heart Worm Products, Nutritional Products, Behavioral Drugs, Vaccines and Others), by Companion Animals (Dogs, Cats, and Horses), by Distribution Channel (Veterinary Pharmacies, Veterinary Clinics, and Retail Pharmacies), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Global Market Size, Development, Growth and Demand Forecast, 2014-2024” provides current as well as future analysis of the market by evaluating the major applications, advantages, trends, and challenges. The report dives deeper to produce useful insights into Companion Animal Drugs Market such as major global regions and key competitors and strategies that can be used for the entry-level player too.
Overview
Since the past, the adoption of pet animals has been increased at a significant rate, about 68% of U.S. households own at least one pet, which adds up to 60.2 Mn dogs and 47.1 Mn dogs, among other animals, according to the American Pet Products Association (APPA). Hence, there is a push to increase the standard of living for pets, including higher quality veterinary products. Further, in 2018, US$72.56 Bn was spent on pets, out of which US$ 33.5 Bn was spent for over-the-counter (OTC) medicine in the U.S. Thus, rising companion animal ownership with increase in spending for pet health and nutrition is creating a growing demand for diversified companion healthcare products including, drugs with varied therapeutic indications, feed additives, vaccines, and nutritional supplements. Various drugs like Maropitant citrate (acute vomition), Sarolaner (oral anti-ectoparasitic), Fluralaner and Lotilaner (topical anti-ectoparasitic), Alfaxalone (Anesthetic), Eprinomectin (oral anti-endo-parasitic) have been approved specifically to treat dogs and cats, during past years which is propelling the companion animal drugs growth.
Various organic and inorganic strategies adopted by market players is expected to drive the growth of companion animal drugs market.
Various animal pharma players have shifted their focus to develop effective healthcare products, including monoclonal antibody therapies, therapeutic vaccines, anti-neoplastic drugs, for companion animals, especially for cats and dogs. Such advancement will lead to market growth for companion animal drugs in the foreseen future. For instance, in September 2019, Zoetis, Inc. received marketing authorization for Simparica Trio (sarolaner/moxidectin/pyrantel) chewable tablets from the European Commission. Simparica Trio is a once-monthly triple combination antiparasitic medication for dogs with, or at risk from, mixed external and internal parasitic infestations.
Moreover, vendors are also engaged in creating awareness for the importance of companion animal drugs, which is turn to increase the adoption of animal drugs in the market. In May 2019, Merck Animal Health, a division of Merck & Co., Inc. launched BRAVECTO Cares, an educational campaign which highlights the critical role that service dogs play and the importance of keeping them healthy by protecting them from fleas and ticks.
However, serious side effects shown by some companion animals to flea medicines may hamper the growth of the market to some extent. In September 2018, U.S. Food and Drug Administration warned the use of Bravecto, Credelio, Nexgard, Simparica drugs containing the isoxazoline compound. Isoxazoline products have been associated with neurologic reactions, including loss of muscle control, muscle tremors, and seizures. Thus, some dogs and cats can show bad results for these products.
Companion Animal Drugs Market Regional Analysis
Based on the region, North America is expected to show a leading position in the companion animal drugs market, followed by Europe. This is attributed to an increase in awareness and continuous approval of new drugs by regulatory bodies. From the year 2015-2018, 39 healthcare products were approved for the production animals (e.g., cattle, pigs, sheep, poultry, etc.) wherein 34 drugs were approved for the companion animals (e.g., dogs, cats, and horses) in the U.S. Moreover, in March 2019, Virbac received an award for its digital Veterinary HPM campaign by the VMA (Veterinary marketing association). Veterinary HPM campaign enable to raise awareness among pet owners to respect the predatory status of dogs and cats as part of healthy nutrition.
Asia-Pacific, Latin America, and Middle East & Africa also exhibit significant growth in companion animal drugs market owing to the focus of key players to expand their product portfolio through collaborations in these geographies. For instance, in October 2019, Kemin Industries, a global ingredient manufacturer, partnered with the ME VAC, an animal vaccine manufacturer based in Cairo, Egypt. This collaboration enable Kemin to distribute animal vaccines outside the Arabic-speaking countries in the Middle East.
Key players operating in the companion animal drugs markets include Merck Animal Health, Elanco Animal Health, Merial Animal Health, Zoetis, Inc., Eli Lilly and Company, Aratana Therapeutics, Inc., Boehringer Ingelheim GmbH, Virbac Animal Health, Ceva Sante Animale, Bayer AG, Dechra Pharmaceuticals PLC, and Vetoquinol SA.
Companion Animal Drugs Market-Taxonomy
By Drug Class
-Antibiotics
-Anti-inflammatory
-Parasiticides
-Heart Worm Drugs
-Nutritional Drugs
-Behavioral Drugs
-Vaccines
-Others
By Companion Animals
-Dogs
-Cats
-Horses
By Distribution Channel
-Veterinary Pharmacies
-Veterinary Clinics
-Retail Pharmacies
By Region
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East and Africa
Access Complete Companion Animal Drugs Market Report @ https://www.fastmr.com/report/94/companion-animal-drugs-market
Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Companion Animal Drugs Market
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Europe
2.5. Middle East & Africa
3. Global Companion Animal Drugs Market Trends
4. Opportunities in Global Companion Animal Drugs Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Macro-Economic Trends
8. PEST Analysis
9. Market Value Chain and Supply Chain Analysis
10. Global Companion Animal Drugs Market Value (USD Million), 2018-2024
11. Global Companion Animal Drugs Market Segmentation Analysis, By Drug Class
11.1. Introduction
11.2. Market Attractiveness, By Drug Class
11.3. BPS Analysis, By Drug Class
11.4. Antibiotics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.5. Anti-inflammatory Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.6. Parasiticides Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.7. Heart Worm Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.8. Nutritional Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.9. Behavioral Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.10. Vaccines Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.11. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12. Global Companion Animal Drugs Market Segmentation Analysis, By Companion Animals
12.1. Introduction
12.2. Market Attractiveness, By Companion Animals
12.3. BPS Analysis, By Companion Animals
12.4. Dogs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5. Cats Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6. Horses Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.7. Birds Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
13. Global Companion Animal Drugs Market Segmentation Analysis, By Distribution Channels
13.1. Introduction
13.2. Market Attractiveness, By Distribution Channels
13.3. BPS Analysis, By Distribution Channels
13.4. Veterinary Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
13.5. Veterinary Clinics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
13.6. Retail Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14. Geographical Analysis
14.1. Introduction
14.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1. By Drug Class
14.2.1.1. Introduction
14.2.1.2. Market Attractiveness, By Drug Class
14.2.1.3. BPS Analysis, By Drug Class
14.2.1.4. Antibiotics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.5. Anti-inflammatory Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.6. Parasiticides Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.7. Heart Worm Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.8. Nutritional Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.9. Behavioral Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.10. Vaccines Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.1.11. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.2. By Companion Animals
14.2.2.1. Introduction
14.2.2.2. Market Attractiveness, By Companion Animals
14.2.2.3. BPS Analysis, By Companion Animals
14.2.2.4. Dogs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.2.5. Cats Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.2.6. Horses Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.2.7. Birds Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.2.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.3. By Distribution Channels
14.2.3.1. Introduction
14.2.3.2. Market Attractiveness, By Distribution Channels
14.2.3.3. BPS Analysis, By Distribution Channels
14.2.3.4. Veterinary Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.3.5. Veterinary Clinics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.3.6. Retail Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.4. By Country
14.2.4.1. Market Attractiveness, By Country
14.2.4.2. BPS Analysis, By Country
14.2.4.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.2.4.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1. By Drug Class
14.3.1.1. Introduction
14.3.1.2. Market Attractiveness, By Drug Class
14.3.1.3. BPS Analysis, By Drug Class
14.3.1.4. Antibiotics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.5. Anti-inflammatory Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.6. Parasiticides Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.7. Heart Worm Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.8. Nutritional Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.9. Behavioral Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.10. Vaccines Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.1.11. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.2. By Companion Animals
14.3.2.1. Introduction
14.3.2.2. Market Attractiveness, By Companion Animals
14.3.2.3. BPS Analysis, By Companion Animals
14.3.2.4. Dogs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.2.5. Cats Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.2.6. Horses Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.2.7. Birds Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.2.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.3. By Distribution Channels
14.3.3.1. Introduction
14.3.3.2. Market Attractiveness, By Distribution Channels
14.3.3.3. BPS Analysis, By Distribution Channels
14.3.3.4. Veterinary Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.3.5. Veterinary Clinics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.3.6. Retail Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4. By Country
14.3.4.1. Market Attractiveness, By Country
14.3.4.2. BPS Analysis, By Country
14.3.4.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.3.4.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1. By Drug Class
14.4.1.1. Introduction
14.4.1.2. Market Attractiveness, By Drug Class
14.4.1.3. BPS Analysis, By Drug Class
14.4.1.4. Antibiotics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.5. Anti-inflammatory Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.6. Parasiticides Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.7. Heart Worm Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.8. Nutritional Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.9. Behavioral Drugs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.10. Vaccines Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.1.11. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.2. By Companion Animals
14.4.2.1. Introduction
14.4.2.2. Market Attractiveness, By Companion Animals
14.4.2.3. BPS Analysis, By Companion Animals
14.4.2.4. Dogs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.2.5. Cats Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.2.6. Horses Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.2.7. Birds Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.2.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.3. By Distribution Channels
14.4.3.1. Introduction
14.4.3.2. Market Attractiveness, By Distribution Channels
14.4.3.3. BPS Analysis, By Distribution Channels
14.4.3.4. Veterinary Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.3.5. Veterinary Clinics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.3.6. Retail Pharmacies Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4. By Country
14.4.4.1. Market Attractiveness, By Country
14.4.4.2. BPS Analysis, By Country
14.4.4.3. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.4. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.5. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.6. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.7. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.8. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.9. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.10. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
14.4.4.11. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
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