Companion Animal Drug Market - Forecast(2024 - 2030)

Report Code: HCR 65904 Report Format: PDF + Excel

Companion Animal Drug Market Overview                                               

Companion Animal Drug Market size is estimated to reach $36.2 billion by 2026, growing at a CAGR of 5.3% during the forecast period 2021-2026. Companion animals that are suffering from long-term treatments with chronic diseases are becoming stressed and unmanageable for their owners. These companion animal drugs through medicated feed additives refine the nutritional content of the feed and also help in the growth and development of pet animals. Companion animal drugs are increasingly being adopted across the world owing to the rise in the number of infectious diseases, dermatologic diseases, and orthopedic diseases. The rise in the demand for anti-inflammatory drugs for the treatment of dermatologic diseases in companion animals, growing awareness about therapeutic indications of various drugs, rise in the demand for parasiticides in veterinary medicines, and growing investment by the key players to develop advanced companion animal drugs and feed additives are the factors that are set to drive the growth of the Companion Animal Drug Market for the period 2021-2026.

Companion Animal Drug Market  Report Coverage

The report: Companion Animal Drug Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Companion Animal Drug Market.

By Animal Type: Cats, Dogs, Horses, and Others.
By Disease Type: Infectious Diseases, Dermatologic Diseases, Orthopedic Diseases, Behavioral Diseases, and Others.
By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways 

  • Geographically, North America Companion Animal Drug Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of parasiticides in veterinary medicines.
  • The rise in the demand for anti-inflammatory drugs for the treatment of dermatologic diseases is driving the Dermatologic Diseases segment. However, the stringent government regulations for approval of drugs is one of the major factors that is said to reduce the growth of the Companion Animal Drug Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Companion Animal Drug Market report.
Companion Animal Drug Market: Market Share (%) By Disease Type, 2020

            

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Companion Animal Drug Market Segment Analysis-By Animal Type

The Companion Animal Drug Market based on the Animal Type can be further segmented into, Cats, Dogs, Horses, and Others. The Dogs segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 7.1% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for feed additives and the rise in awareness about therapeutic indications of various drugs. The growing investments by the key players in research and development activities for developing advanced companion animal drugs is driving the growth of the Companion Animal Drug Market. The Cats segment held the second largest share in 2020 owing to the factors such as the growing adoption of parasiticides in veterinary medicines for the treatment of infectious diseases in cats and the rise in the product launches by key players.

Companion Animal Drug Market Segment Analysis-By Disease Type

The Companion Animal Drug Market based on the Disease Type can be further segmented into Infectious Diseases, Dermatologic Diseases, Orthopedic Diseases, Behavioral Diseases, and Others. The Dermatologic Diseases segment held the largest share in 2020 owing to the factors such as the increase in the demand for anti-inflammatory drugs for the treatment of dermatologic diseases and the rise in the investment by the key players to develop advanced companion animal drugs. The rise in the prevalence of arthritis in companion animals is driving the growth of the Companion Animal Drug Market. The Infectious Diseases segment is estimated to be the fastest growing segment with a CAGR of 6.8% over the period 2021-2026. This growth is owing to the factors such as the rise in the adoption of parasiticides in veterinary medicines for the treatment of infectious diseases and increase in the prevalence of infectious diseases for companion animals across the world.

Companion Animal Drug Market Segment Analysis-By Geography

The Companion Animal Drug Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the demand for anti-inflammatory drugs for the treatment of dermatologic diseases in companion animals and the rise in the product launches by key players. The increasing adoption of parasiticides in veterinary medicines is driving the growth of the Companion Animal Drug Market. Asia-Pacific segment is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in awareness about therapeutic indications of various drugs and growing investment by the key players to develop advanced companion animal drugs.

Companion Animal Drug Market Drivers

Increase in the Prevalence of Zoonotic Diseases

The rise in the prevalence of zoonotic diseases, such as rabies brucellosis, and Lyme diseases has propelled the demand for advanced animal companion drugs and therapeutic indications. The key players are also increasing their investment on companion animal drugs owing to the growing prevalence of zoonotic diseases, which is one of the major factors driving the growth of the Companion Animal Drug Market.

Rise in the Adoption of Anti-inflammatory Drugs for Companion Animals

Anti-inflammatory drugs are increasingly being adopted for the treatment of companion animals owing to their potential to relieve inflammation without the immunosuppressive side effects that corticosteroids have. These anti-inflammatory drugs reduce the swelling associated with inflammation in skin disorders and are also useful in the treatment of hypersensitivity reactions, which is further propelling the growth of the Companion Animal Drug Market.

Companion Animal Drug Market Challenges  

Stringent Government Regulations

The key players in the market are collaborating with other players to carry out various research and development activities for launching advanced companion animal drugs for the treatment of infectious diseases and dermatologic diseases. However, the stringent government regulations for approval of drugs is one of the major factors that is estimated to reduce the growth of the Companion Animal Drug Market.

Companion Animal Drug Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Companion Animal Drug Market. Key companies of this market are Merck & Co., Inc, Elanco Animal Health Incorporated, Zoetis Inc, Virbac, Boehringer Ingelheim, Dechra Pharmaceuticals plc, Ceva Santé Animale, Lutim Pharma Pvt. Ltd, Indian Immunologicals Ltd, and Kyoritsu Seiyaku among others.

Partnerships/Product Launches:

  • In August 2020, Virbac has launched STELFONTA, a breakthrough injectable solution for canine mast cell tumors in dogs, which is the most common form of skin cancer in dogs. It provides a high tumor elimination rate and also contains silanol tailgate.
  • In July 2020, Boehringer Ingelheim has launched NexGard and Broadline to expand their animal healthcare portfolio and to provide comprehensive parasite treatment for companion animals. These products are also safe in the case of glycoprotein-deficient collies.
  • In April 2019, Elanco Animal Health has acquired Aratana Therapeutics to focus on developing innovative therapeutic drugs for companion animals and also to bring innovative products to the veterinary specialty category.

Relevant Reports:

Farm Animal Drugs Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

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Veterinary Vaccines Market - Forecast (2021 - 2026)

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1. Companion Animal Drug Market - Overview
    1.1 Definitions and Scope
2. Companion Animal Drug Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Disease Type
    2.3 Key trends by Distribution Channel
    2.4 Key trends by Geography
3. Companion Animal Drug Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Companion Animal Drug Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Companion Animal Drug Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Companion Animal Drug Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Companion Animal Drug Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Companion Animal Drug Market – By Animal Type(Market Size –$Million/$Billion)
    8.1 Cats
    8.2 Dogs
    8.3 Horses
    8.4 Others
9. Companion Animal Drug Market – By Disease Type(Market Size –$Million/$Billion)
    9.1 Infectious Diseases
    9.2 Dermatologic Diseases
    9.3 Orthopedic Diseases
    9.4 Behavioral Diseases
    9.5 Others
10. Companion Animal Drug Market – By Distribution Channel(Market Size –$Million/$Billion)
    10.1 Veterinary Hospitals
    10.2 Veterinary Clinics
    10.3 Retail Pharmacies
    10.4 Others
11. Companion Animal Drug Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Companion Animal Drug Market - Entropy
13. Companion Animal Drug Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Companion Animal Drug Market – Key Company List by Country Premium Premium
15. Companion Animal Drug Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Companion Animal Drug Market Revenue, 2023-2030 ($M)
2.Canada Companion Animal Drug Market Revenue, 2023-2030 ($M)
3.Mexico Companion Animal Drug Market Revenue, 2023-2030 ($M)
4.Brazil Companion Animal Drug Market Revenue, 2023-2030 ($M)
5.Argentina Companion Animal Drug Market Revenue, 2023-2030 ($M)
6.Peru Companion Animal Drug Market Revenue, 2023-2030 ($M)
7.Colombia Companion Animal Drug Market Revenue, 2023-2030 ($M)
8.Chile Companion Animal Drug Market Revenue, 2023-2030 ($M)
9.Rest of South America Companion Animal Drug Market Revenue, 2023-2030 ($M)
10.UK Companion Animal Drug Market Revenue, 2023-2030 ($M)
11.Germany Companion Animal Drug Market Revenue, 2023-2030 ($M)
12.France Companion Animal Drug Market Revenue, 2023-2030 ($M)
13.Italy Companion Animal Drug Market Revenue, 2023-2030 ($M)
14.Spain Companion Animal Drug Market Revenue, 2023-2030 ($M)
15.Rest of Europe Companion Animal Drug Market Revenue, 2023-2030 ($M)
16.China Companion Animal Drug Market Revenue, 2023-2030 ($M)
17.India Companion Animal Drug Market Revenue, 2023-2030 ($M)
18.Japan Companion Animal Drug Market Revenue, 2023-2030 ($M)
19.South Korea Companion Animal Drug Market Revenue, 2023-2030 ($M)
20.South Africa Companion Animal Drug Market Revenue, 2023-2030 ($M)
21.North America Companion Animal Drug By Application
22.South America Companion Animal Drug By Application
23.Europe Companion Animal Drug By Application
24.APAC Companion Animal Drug By Application
25.MENA Companion Animal Drug By Application
26.Zoetis Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Merck Co., Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Bayer AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Eli Lily Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Sanofi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Ceva Sant Animale, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Virbac Animal Health, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Boehringer Ingelheim GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)