The Pet Medication market report gives CAGR value, SWOT Analysis, Industry Chains, Mergers & Acquisitions, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Production, Consumption, Application, Competitor analysis and Forecast.
Pet medication is the field of medicine that deals with the diagnosis, prevention, and treatment of diseases, injuries, and disorders in pet animals. The market for pet medication displayed impressive growth over the past few years and it has become a vital part of the veterinary industry. Prescription and over-the-counter drugs have witnessed a rapid growth over the past five years. Veterinarians enjoyed the monopoly of prescription and over-the-counter medicines. However, the 90s marked a notable change in the sale of pet medicines when brick & mortar stores and e-commerce started taking over the sale of pet medicines.
The market for pet medication is mainly driven by increasing pet adoption across the globe. There were approximately 90 million pet dogs present in the U.S. in 2017. Changing cultural and socio-economic factors have led to pet animals being considered as an integral member of the family. This has led to a significant increase in pet expenditure. Further, the growing trend of the nuclear family is another major factor responsible for the growth of the pet medication market at present. However, rising prices of pet medicines and rising incidences of pet allergies are some of the factors responsible for the slowdown of the market.
North America and Europe are matured markets for pet medication. High pet adoption in these regions, coupled with frequent launch of new drugs and availability of pet insurance are some of the major factors aiding in the growth of the pet medication market in these regions. However, emerging nations in the Asia-Pacific region are expected to display a higher growth rate for pet medication during the forecast period. The growing base of affluent middle-class population and the willingness to have a reciprocative relationship with pets to fill relationship voids are some of the factors driving market growth for pet medication in the Asia Pacific. China, Japan, and India are expected to lead the growth of the market in the coming years.
The Pet Medication market by Manufacturers: Zoetis, Merck, Merial, Elanco, Bayer, Boehringer, Novartis, Virbac, Ceva, Vetoquinol, Nexvet, Aratana Therapeutics, Kindred Biosciences, Ambrx, Entest Biomedical, Taconic Biosciences.
Market Segment by Types like Antibiotics, Antifungal, Flea Products and by Application like Cat, Dog, Horse, Fish, Other.
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The report provides information about Pet Medication Market Landscape, Industry History, Development Prospect, Relevant Policy and Trade Overview to current demand, investment and supply in the market. It also shows future opportunities for the forecast years 2018-2025.
Industry chain structure is analyzed by demand of Pet Medication and suppliers along with Cost Analysis, Channel Analysis and technology used for Pet Medication. Market Dynamics gives data about Latest News, Merger and Acquisition of major players, Planned or Future Projects about Pet Medication and Policy Dynamics. Report continues with Import-Export data and country wise market analysis.
The Pet Medication industry development trends are studied through both Secondary and Primary sources. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
Major Points from Table of Contents
1 Report Overview
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
6 North America
8 Asia Pacific
9 Central & South America
10 Middle East and Africa
11 Company Profiles
12 Market Opportunities, Challenges, Risks and Influences Factors Analysis
13 Value Chain and Sales Channels Analysis
14 Research Findings and Conclusion
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Release ID: 481746