Companion Animal Healthcare Market Research Report- Global Forecast till 2023

Companion Animal Healthcare Market Information, By Product (Feed Additives, Pharmaceuticals and Vaccines), By Diagnostic Tests (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, others), By End Users - Global Forecast till 2023

ID: MRFR/Pharma/0662-HCR | February 2021 | Region: Global | 80 pages

Campanion Animal Healthcare Market Scenario:


Companion animals are pets which are kept for protection of a person, company, property or residence. These animals help to avoid theft and render safe environment. Dog and cats are the most popular pets. Companion animals play an important role in the lives of many, providing a sense of belonging and responsibility. Animal health products, especially feeds are the most widely used products for animal healthcare. With it the market for products, including pharmaceuticals and vaccines, which contribute significantly to the health and wellbeing of these animals. These products provide nutrition to animals. Companion animal ownership and expenditures have also been rising since past few decades. Pet owners are spending more per pet than ever before. Pet owners insist that their pets should lead the same healthy lifestyles as they do.


Companion animal healthcare market is gaining importance due to an increase in number of people having pets, emphasis on animal healthcare and vaccination as well as demand of animal healthcare products. Level of care provided to these animal has significantly improved driving the growth of this market. The market for companion animal healthcare is growing at a very intense pace. Rise in the income levels of individuals leveraging to the recent trends is leading to the increase in the number of pet (companion animal) adoption which ultimately leads to increase in the demand of companion animal healthcare. New trends of nuclear families and increasing average income among individuals have resulted in increased adoption of pets among middleclass families as well. Additionally, advances in animal health medicines and vaccines, increased types of medical treatment are fostering the market growth of Companion animal healthcare market.


Global market of companion animal healthcare is expected to reach USD 20 billion in 2023 from USD 14 billion in 2016 with a CAGR of approximately 9.6% during the forecast period from 2017-2023.


Campanion Animal Healthcare Market Key Players


Some of the prominent players at the forefront of competition in the global companion animal healthcare market includes Zoetis Animal Healthcare (U.S.), Merial (France), Elanco Animal health (U.S.), Bayer Animal Health (Germany), Merck and Co., Inc. (U.S.), Ceva Animal Healthcare (U.K), Virbac Animal Healthcare (France), Vetoquinol S.A. (France), Perrigo Company plc (Ireland), Boehringer Ingelheim (Germany) and others.


Segmentation:


Global Companion animal healthcare market has been segmented on the basis product which include feed additives, pharmaceuticals and vaccines. Feed additives can be divided into categories namely nutritional feed additives and medicinal feed additives. Nutritional feed additives include proteins, minerals and vitamins and medicinal feed additives include hormones, enzymes, immune-modulators, probiotics and prebiotics and others. Pharmaceutical products mainly comprise of anti-infectives, antibiotics and anti-inflammatories.


The market is also segmented on the basis of diagnostic tests which include diagnostic imaging, immunodiagnostic tests, molecular diagnostics and other tests.


On the basis of end users, the market is segmented into veterinary hospitals, veterinary clinics and home care.


Figure 1: Global companion animal healthcare market, by product, 2016:

Companion Animal Healthcare Market


Source: U.S. Food and Drug Administration, National Center for Biotechnology Information, U.S. National Library of Medicine, Commonwealth of Australia 2017, Centers for Disease Control and Prevention, Press Release, Company presentation, annual reports


Regional Analysis:


Globally, companion animal healthcare market consists of four regions namely Americas, Europe, Asia Pacific and Middle East & Africa. America is the largest market for companion animal healthcare whose growth is attributed to wide range of products available of animal care, strict government rules and regulations and growing emphasis on animal health. The American Pet Products Association reports that overall household pet ownership has grown to 68% in 2016, up from 54% in 2009.


Europe is the second largest market owing to rise in pet ownership due to some tax benefits from the government has boosted the growth of this market in the region. 


Asia Pacific shows a steady and positive growth in this market, owing to increased awareness regarding animal cruelty has also influenced people awareness and ideologies towards animals is one of the major factor driving the growth of this market in Asia Pacific.


The market shows a slow growth in Middle East & Africa. Middle East & African market for companion animal healthcare also shows high growth opportunities due financial improvement and related increments in disposable income.



Intended Audience



  • Pharmaceutical companies

  • Animal health products manufacturers

  • Animal health products suppliers

  • Contract Research Organizations (CROs)

  • Research and Development (R&D) Companies

  • Academic Medical Institutes and Universities



Frequently Asked Questions (FAQ) :


The global companion animal healthcare market is estimated to create a valuation of over USD 20 BN in 2023.

The global companion animal healthcare market is estimated to grow at 9.6% CAGR during forecast period (2017-2023).

North America holds the largest share in the global companion animal healthcare market followed by Europe and Asia Pacific, respectively.

Merial (France), Zoetis Animal Healthcare (US), Elanco Animal health (US), Merck and Co., Inc. (US), Bayer Animal Health (Germany), Ceva Animal Healthcare (UK), Vetoquinol S.A. (France), Perrigo Company plc. (Ireland), Virbac Animal Healthcare (France), and Boehringer Ingelheim (Germany), are some of the major players operating in the companion animal healthcare market.

Table of Contents

1. Report Prologue

2. Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3. Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Threats

4.5 Macroeconomic Indicators

5. Market Factor Analysis

5.1 Value Chain Analysis

5.2 Porters Five Forces

5.3 Demand & supply: gap analysis

5.4 Pricing Analysis

5.5 Investment Opportunity Analysis

5.6 Merger and Acquisition Landscape

5.7 Up-Coming trends in Medical tricorder market

5.7.1 Market trends

5.7.2 Technological trends

6. Global Companion Animal Healthcare Market by product

6.1 Feed Additives

6.1.1 Nutritional Feed Additives

6.1.2 Medicinal Feed Additives.

6.2 Pharmaceuticals

6.2.1 Anti-Infectives

6.2.2 Antibiotics

6.2.3 Anti-Inflammatories

6.3 Vaccines

7. Global Companion Animal Healthcare Market by diagnostic tests

7.1 Diagnostic Imaging

7.2 Immunodiagnostic tests

7.3 Molecular diagnostics

7.4 Others

8. Global Companion Animal Healthcare Market by end users

8.1 Veterinary Hospitals

8.2 Veterinary Clinics

8.3 Home Care

9. Global Companion Animal Healthcare Market by region

9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 South America

9.3 Europe

9.3.1 Western Europe

9.3.1.1Germany

9.3.1.2 UK

9.3.1.3 France

9.3.1.4 Italy

9.3.1.5 Spain

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Republic of Korea

9.4.5 Australia

9.4.6 Rest of Asia-Pacific

9.5 Middle East and Africa

9.5.1 United Arab Emirates

9.5.2 Saudi Arabia

9.5.3 Oman

9.5.4 Qatar

9.5.5 Kuwait

9.5.6 Rest of Middle East and Africa

10 Competitive Landscape

11 Company Profile

11.1 Zoetis Animal Healthcare

11.1.1 Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Merial

11.2.1 Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Elanco Animal health

11.3.1 Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Bayer Animal Health

11.4.1 Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Merck and Co., Inc.

11.5.1 Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Ceva Animal Healthcare

11.6.1 Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Virbac Animal Healthcare

11.7.1 Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Others

12 Conclusion

12.1 Key Findings

12.1.1 From CEO’s Viewpoint

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Prediction of Companion animal healthcare Industry

13 Appendix


LIST OF TABLES

Table 1 Companion Animal Healthcare Industry Synopsis, 2017-2023

Table 2 Global Companion Animal Healthcare Market Estimates and Forecast, 2017-2023, (USD Million)

Table 3 Global Companion Animal Healthcare Market by Region, 2017-2023, (USD Million)

Table 4 Global Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 5 Global Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 7 Global Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 8 North America Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 9 North America Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 11 North America Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 12 US Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 13 US Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 15 US Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 16 Canada Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 17 Canada Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 19 Canada Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 20 South America Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 21 South America Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 23 South America Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 24 Europe Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 25 Europe Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 27 Europe Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 28 Western Europe Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 29 Western Europe Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 31 Western Europe Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 32 Eastern Europe Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 33 Eastern Europe Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 35 Eastern Europe Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 36 Asia Pacific Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 37 Asia Pacific Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 39 Asia Pacific Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)

Table 40 Middle East & Africa Companion Animal Healthcare Market by Products, 2017-2023, (USD Million)

Table 41 Middle East & Africa Companion Animal Healthcare Market by Diagnostic tests, 2017-2023, (USD Million)

Table 43 Middle East & Africa Companion Animal Healthcare Market by End Users, 2017-2023, (USD Million)
LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Companion Animal Healthcare Market

Figure 3 Segmentation Market Dynamics for Companion Animal Healthcare Market

Figure 4 Global Companion Animal Healthcare Market Share, by Product, 2016

Figure 5 Global Companion Animal Healthcare Market Share, by Diagnostic tests, 2016

Figure 6 Global Companion Animal Healthcare Market Share, by End Users, 2016

Figure 7 Global Companion Animal Healthcare Market Share, by Region, 2016

Figure 8 North America Companion Animal Healthcare Market Share, by Country, 2016

Figure 9 Europe Companion Animal Healthcare Market Share, by Country, 2016

Figure 10 Asia Pacific Companion Animal Healthcare Market Share, by Country, 2016

Figure 11 Middle East & Africa Companion Animal Healthcare Market Share, by Country, 2016

Figure 12 Global Companion Animal Healthcare Market: Company Share Analysis, 2016 (%)

Figure 13 Zoetis Animal Healthcare: Key Financials

Figure 14 Zoetis Animal Healthcare Segmental Revenue

Figure 16 Zoetis Animal Healthcare Geographical Revenue

Figure 17 Merial: Key Financials

Figure 18 Merial: Segmental Revenue

Figure 19 Merial: Geographical Revenue

Figure 20 Elanco Animal health: Key Financials

Figure 21 Elanco Animal health: Segmental Revenue

Figure 22 Elanco Animal health: Geographical Revenue

Figure 23 Bayer Animal Health: Key Financials

Figure 24 Bayer Animal Health: Segmental Revenue

Figure 25 Bayer Animal Health: Geographical Revenue

Figure 26 Ceva Animal Healthcare Key Financials

Figure 27 Ceva Animal Healthcare: Segmental Revenue

Figure 28 Ceva Animal Healthcare: Geographical Revenue

Figure 29 Virbac Animal Healthcare: Key Financials

Figure 30 Virbac Animal Healthcare: Segmental Revenue

Figure 31 Virbac Animal Healthcare: Geographical Revenue

Figure 32 Perrigo Company plc: Key Financials

Figure 33 Perrigo Company plc: Segmental Revenue

Figure 34 Perrigo Company plc: Geographical Revenue