nimal TestingCompanion (Pet) Animal Healthcare Market: Global Market Estimation Nelson Agholor Jersey , Dynamics, Re Posted by sai987 in Animals on May 30th, 2018
Companion (Pet) Animal Healthcare Market: Global Market Estimation, Dynamics, Regional Share, Trends Sidney Jones Jersey , Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Global companion animal healthcare market valued over US$ XX Bn in 2015 and projected to expand at CAGR of XX% over 2017 to 2024.
Companion animals have been trusted for their companionship to the human throughout the history and keeping the companion animals healthy is a top priority for caregivers everywhere in the world. Several studies on human and companion animals’ interactions showed that owning a pet animal associated with positive health benefits. It is essential to veterinarians and caregivers to give utmost attention to companion animal health as companion animals are primary source of zoonotic diseases spread to humans and vice versa.
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animal healthcare market is expected to grow positively over the forecast period owing to increasing rates of pet ownership, rising life expectancy for companion animals, increased number of products for treating various companion animals ailments and advances in animals healthcare services and medicines. Apart from aforementioned factors, increasing per pet expenditure and pets are increasingly becoming part of the families in several emerging and developed economies prompting the key stakeholders to opt for better products and this in turn driving the animal health care market positively over the forecast period. However, increased treatment failures due to drug resistance, decreasing compliance to the treatments due to efficacy challenges of products expected to hinder the market revenue growth of companion animal healthcare market over the period of forecast.
Companion animal healthcare market has been segmented on the basis of product type Derek Barnett Jersey , companion animal type, distribution channel, and region
Based on product type, companion animal healthcare market segmented as follows: