(PharmaNewsWire.Com, October 30, 2017 ) According to the report Europe Companion Animal Health Care Market, published by Market Data Forecast, The Global market has been estimated at USD 3.31 Billion Billion in 2016 and is projected to reach USD 4.48 Billion by the end of 2021, at a CAGR of 6.25% during the forecast period from 2016 to 2021.
Animals like Dogs, cats, birds, pleasure horses, guinea pigs, mice and more exotic species kept by humans for company, extrovert display, psychological support, amusement and all the other functions that humans need to share with the animals of different species; companions who will not take emotional advantage of the person and will, for the most part, stay faithful. The companies are focusing more on the development of new drugs and vaccines for the exciting and newly diagnosed diseases. Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs.
Europe Companion Animal health care market is mainly driven by 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. The restraints that will hamper 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.
Europe Companion Animal Health Care Market: Segmentation
• Product o Feed Additives Nutritional Feed Additives Medicinal Feed Additives o Pharmaceuticals o Vaccines o Y-o-Y Growth Analysis, By Product o Market Attractiveness Analysis, By Product o Market Share Analysis, By Product • Geographical Analysis
Some of the major companies operating in global Companion Animal Health Care 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.
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