The Companion Animal healthcare Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Companion Animal Healthcare Market is estimated to be USD 14.36 Billion in 2018 and predicted to rise to USD 19.4 Billion by the end of 2023 with a CAGR of 6.2 %. Based on product type, the market is segmented into Feed Additives, Pharmaceuticals, and Vaccines. The feed additives are further segmented into Nutritional Feed Additives and Medicinal Feed Additives. Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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.
The market is primarily driven by factors such as Growing incidence of zoonotic and food borne diseases will be a potential concern to the health of pet animals, Increasing pet/companion ownership, growing healthcare concerns of pets, rising demand for improved nutrition. Increasing pet/companion ownership, growing healthcare concerns of pets, rising demand for improved nutrition are the restraints that are hindering the growth of the Companion Animal Healthcare market.
Based on Product type, Feed Additives segment hold the largest share in the market owing to increasing Pet ownership. Furthermore, the growing diseases in Pet are also predicted to contribute towards the growth of the market. North America is projected to account the highest share in the market due to the increasing incidence of Pet ownership and pet Healthcare concerns in this region that leads to high demand for Feed additives and pharmaceuticals.
Major players that are influencing Global Companion Animal Healthcare Market are 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.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-companion-animal-health-care-market-1249/” and checkout our recent reports in the Animal Health category at “http://www.marketdataforecast.com/research-reports/healthcare/animal-health-6/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.