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Global Companion Animal Health Care Market 2021 – Analysis and Technological Advancements
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Global Companion Animal Health Care Market 2021 – Analysis and Technological Advancements

According to the report “Companion Animal Health Care Market“, published by Market Data Forecast, the global market is projected to reach USD 17.20 Billion by 2021, at a CAGR of 6.20 % from 2016 to 2021.

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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.

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Growing incidence of zoonotic and food borne diseases will be a potential concern to the health of pet animals. Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition, are the major factor driving the growth of the market. The factors that are hindering the growth of the market are restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs.

Global Market for Companion Animal Health Care is segmented based on Product type and region

  1. Based on Product type:
  • Feed Additives
  • Nutritional feed additives
  • Medicinal feed additives
  • Pharmaceuticals
  • Vaccines
  1. Based on Geography
  • North America
  • Europe
  • Asia – Pacific
  • Latin America
  • Middle East & Africa

Some of the major companies dominating the global market 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.

About Market Data Forecast:

Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.


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