Global Veterinary Products for Companion Animals market is expected to 20700 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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QYResearch In the last several years, global market of Veterinary Products for Companion Animals developed rapidly, with an average growth rate of 6.20%. In 2016, global Revenue of Veterinary Products for Companion Animals is nearly 12.7 billion USD. Companion animals (dogs, cats, and horses) have come to play an important part in the lives of many people. Recent years have witnessed a number of innovative new product launches which offer solutions to new disease threats. These partly arise from the increased life expectancy of animals such as dogs and cats, coupled with the raised level of consumer expectations in terms of the care their pets should receive. In this respect, there seems to be an almost direct translation of the relevance of new human drug developments to animal usage.
QYR
• Veterinary Products for Companion Animals is widely used for Dogs, Cats and other animals. The most proportion of Veterinary Products for Companion Animals is Dogs, and the consumption in 2016 is about 6698 M USD. • North America is the largest consumption place, with a revenue market share nearly 42.6% in 2016. Following North America, Europe is the second largest consumption place with the revenue market share of 30.2%. China is the region with high growth potential; from 2012 to 2016 the CAGR of China is around 15%.
QYR
Market competition is intense. Boehringer Ingelheim, Zoetis, Elanco Animal Health, Bayer Animal Health, Merck Animal Health and Virbac etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
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