Global Companion Animal Specialty Drugs Market Growth Analysis in Pharmaceuticals Industry | Discover Company Insights in Technavio
The 120 Pages Report on the Market Offers Comprehensive Analysis by Product (Vaccines, Antibiotics, Parasiticides, Feed additives, and Others) and Geography (North America, Europe, Asia, and ROW)
NEW YORK, July 22, 2021 /PRNewswire/ -- Technavio's latest report on the companion animal specialty drugs market projects a growth of USD 2.80 billion, registering a CAGR of 5.20% during 2021-2025. According to the report, the Pharmaceuticals sector will have a POSITIVE impact owing to the continued spread of the COVID-19 pandemic. Besides, the report provides a detailed analysis of the pre-and post-impact of COVID-19 on businesses.
The companion animal specialty drugs market share growth by the vaccines segment has been significant.
The US is a key market for companion animal specialty drugs in North America. 39% of the market's growth will originate from North America during the forecast period. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising awareness about disease prevention and pet insurance will facilitate the companion animal specialty drugs market growth in North America over the forecast period.
Companion Animal Speciality Drugs Market: Major Growth Drivers
The following factors are expected to drive the growth of the market during the forecast period:
- Increase in Pet humanization
- Rising awareness about disease prevention and pet insurance
- Rise in aging companion animal population
Also, the ongoing trend of enhanced product offerings is expected to have a positive impact on the growth of the companion animal specialty drugs market during 2021-2025.
Gain more insights into the global trends impacting the future of companion animal specialty drugs market.
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Companion Animal Speciality Drugs Market: Key Vendor Offerings
Bayer AG
Bayer AG operates its business under segments- Pharmaceuticals, Crop science, and Consumer health. The company offers Veterinary Medicines.
Boehringer Ingelheim International GmbH
Boehringer Ingelheim International GmbH operates its business under segments- Human Pharmaceuticals, Animal Health, Biopharmaceuticals, and Other. The company offers products for animal health.
Ceva Sante Animale
Ceva Sante Animale operates its business under segments- Companion animals, Cattle, Poultry, Small Ruminants, and Swine. The company offers companion animal specialty drugs.
Reasons to Buy Companion Animal Specialty Drugs Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist companion animal specialty drugs market growth during the next five years
- Estimation of the companion animal specialty drugs market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the companion animal specialty drugs market across North America, Europe, Asia, and ROW
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of companion animal specialty drugs market vendors
This report can be personalized according to your business needs.
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Animal Health Market in North America: Technavio's market research analyst predicts the global animal health market to grow at a CAGR of 4% during the forecast period.
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Global Animal Antimicrobials and Antibiotics Market: Technavio's analysts forecast the global animal antimicrobials and antibiotics market to grow at a CAGR of 5.25% over the forecast period.
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Report: https://www.technavio.com/talk-to-us?report=IRTNTR44185
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