Market Overview:
The global companion animal healthcare market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for pet insurance, rising awareness about animal health, and growing trend of pet humanization. The market is segmented by type into diagnostics and therapeutics. By application, the market is segmented into animal hospital, animal clinic, and veterinary station. Geographically, the market is segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
Companion Animal Healthcare is the term used to describe the veterinary care and services that are provided to pets. Companion Animal Healthcare is important because it helps keep pets healthy and can help them recover from illnesses or injuries.
Diagnostics:
The global diagnostics market size was valued at USD 32.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The rising prevalence of zoonotic diseases, increasing demand for rapid & accurate diagnostic tests, technological advancements in the field and growing government initiatives are some major drivers anticipated to boost growth during the forecast period.
Therapeutics:
Therapeutics is the branch of pharmacology that studies drug actions and its uses. The main objective of this field is to find out ways for disease treatment by using drugs as a therapeutic measure. Therapeutic measures are used in both human and animal health care services.
Application Insights:
The animal hospital segment dominated the market in 2017. This is attributed to factors such as rising disposable income, increasing awareness about pet healthcare, and growing demand for advanced treatments. Animal hospitals offer a wide range of services including diagnostics testing, surgeries, dental care & anesthesia management among others. Companion animals require preventive veterinary medical care to stay healthy and avoid diseases. Thus rising number of animal hospitals is expected to fuel industry growth over the forecast period.
Regional Analysis:
North America dominated the global companion animal healthcare market in 2017. This can be attributed to rising pet adoption, increasing awareness about veterinary health and a high prevalence of chronic diseases among pets. According to an American Pet Products Association (APPA) study, approximately 60% of U.S households owned a companion animal in 2016 which is higher than ever before.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving economic conditions leading to increased disposable income resulting in increased pet adoption rates especially in China & Japan countries; rapid urbanization resulting into unhealthy living conditions for animals;.
Growth Factors:
- Increasing pet ownership: TheCompanion Animal Healthcare market is expected to grow at a CAGR of 6.5% from 2016 to 2021, owing to the increasing pet ownership across the globe. In 2015, around 7 billion pets were owned globally and this number is estimated to grow by 2020. This growth can be attributed to various factors such as increased urbanization, growing disposable income and changing lifestyle trends.
- Rising awareness about animal health: There has been a rise in the awareness about animal health in recent years, which is driving the demand for Companion Animal Healthcare products and services. This is mainly due to an increase in media coverage on animal health issues along with rising expenditure on pets by owners.
- Technological advancements: The Companion Animal Healthcare market has witnessed several technological advancements over the past few years, which are helping improve product efficacy and safety while reducing costs associated with their production and distribution processes respectively . Some of these technologies include RFID tags for tracking animals’ movements, cloud-based software for data management etc.,
Scope Of The Report
Report Attributes
Report Details
Report Title
Companion Animal Healthcare Market Research Report
By Type
Diagnostics, Therapeutics
By Application
Animal Hospital, Animal Clinic, Veterinary Station
By Companies
Bayer AG, Merck and Co., Inc, Elanco, Zoetis Inc, Vetoquinol SA, Virbac, Ceva, Perrigo Company plc, Boehringer Ingelheim
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Companion Animal Healthcare Market Report Segments:
The global Companion Animal Healthcare market is segmented on the basis of:
Types
Diagnostics, Therapeutics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Animal Hospital, Animal Clinic, Veterinary Station
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bayer AG
- Merck and Co., Inc
- Elanco
- Zoetis Inc
- Vetoquinol SA
- Virbac
- Ceva
- Perrigo Company plc
- Boehringer Ingelheim
Highlights of The Companion Animal Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diagnostics
- Therapeutics
- By Application:
- Animal Hospital
- Animal Clinic
- Veterinary Station
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Companion Animal Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Companion Animal Healthcare is a field of veterinary medicine that focuses on the health and well-being of companion animals. This includes providing preventive care, diagnostics, treatments and surgery for common diseases and injuries in pets such as dogs, cats, rabbits, guinea pigs and other small mammals.
Some of the key players operating in the companion animal healthcare market are Bayer AG, Merck and Co., Inc, Elanco, Zoetis Inc, Vetoquinol SA, Virbac, Ceva, Perrigo Company plc, Boehringer Ingelheim.
The companion animal healthcare market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Companion Animal Healthcare Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Companion Animal Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Companion Animal Healthcare Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Companion Animal Healthcare Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Companion Animal Healthcare Market Size & Forecast, 2018-2028
4.5.1 Companion Animal Healthcare Market Size and Y-o-Y Growth
4.5.2 Companion Animal Healthcare Market Absolute $ Opportunity
Chapter 5 Global Companion Animal Healthcare Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Companion Animal Healthcare Market Size Forecast by Type
5.2.1 Diagnostics
5.2.2 Therapeutics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Companion Animal Healthcare Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Companion Animal Healthcare Market Size Forecast by Applications
6.2.1 Animal Hospital
6.2.2 Animal Clinic
6.2.3 Veterinary Station
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Companion Animal Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Companion Animal Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Companion Animal Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Companion Animal Healthcare Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Companion Animal Healthcare Market Size Forecast by Type
9.6.1 Diagnostics
9.6.2 Therapeutics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Companion Animal Healthcare Market Size Forecast by Applications
9.10.1 Animal Hospital
9.10.2 Animal Clinic
9.10.3 Veterinary Station
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Companion Animal Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Companion Animal Healthcare Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Companion Animal Healthcare Market Size Forecast by Type
10.6.1 Diagnostics
10.6.2 Therapeutics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Companion Animal Healthcare Market Size Forecast by Applications
10.10.1 Animal Hospital
10.10.2 Animal Clinic
10.10.3 Veterinary Station
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Companion Animal Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Companion Animal Healthcare Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Companion Animal Healthcare Market Size Forecast by Type
11.6.1 Diagnostics
11.6.2 Therapeutics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Companion Animal Healthcare Market Size Forecast by Applications
11.10.1 Animal Hospital
11.10.2 Animal Clinic
11.10.3 Veterinary Station
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Companion Animal Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Companion Animal Healthcare Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Companion Animal Healthcare Market Size Forecast by Type
12.6.1 Diagnostics
12.6.2 Therapeutics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Companion Animal Healthcare Market Size Forecast by Applications
12.10.1 Animal Hospital
12.10.2 Animal Clinic
12.10.3 Veterinary Station
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Companion Animal Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Companion Animal Healthcare Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Companion Animal Healthcare Market Size Forecast by Type
13.6.1 Diagnostics
13.6.2 Therapeutics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Companion Animal Healthcare Market Size Forecast by Applications
13.10.1 Animal Hospital
13.10.2 Animal Clinic
13.10.3 Veterinary Station
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Companion Animal Healthcare Market: Competitive Dashboard
14.2 Global Companion Animal Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bayer AG
14.3.2 Merck and Co., Inc
14.3.3 Elanco
14.3.4 Zoetis Inc
14.3.5 Vetoquinol SA
14.3.6 Virbac
14.3.7 Ceva
14.3.8 Perrigo Company plc
14.3.9 Boehringer Ingelheim
