Pet Medications Market
‘’Pet Medication,” are the medications that help companion animals and farm animals to prevent and treat diseases, as well as improve and lengthen their lives. Parasiticides, vaccinations, anti-infectives, medicinal feed additives, and other items are among them.
The worldwide pet medicine market is expected to rise, owing to the rising trend of pet humanization and the subsequent commercialization of a wide range of pet care products, as well as a growing focus on safe food and a corresponding emphasis on breeding healthy livestock. The expanding tendency of nuclear families and rising disposable income of pet owners in the medium income group are the primary critical causes for the growth of the pet care industry in the next years.
Pet Medications Market: Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Increasing Pet adoption
Pet adoption is on the rise, and there is a significant demand for pet items, which is propelling the worldwide pet medicines market forward. Weight management, obesity-related illnesses such as diabetes and joint pain, immunological response, heart health, and cognitive support, as well as anti-inflammation and pain management medications, are all needed for an increasing number of aged dogs and cats.
Growing pet parent awareness of the health and well-being of their pets
The COVID-19 pandemic’s emphasis on health protection, as well as the resulting shift to stay-at-home lifestyles, raised pet parent awareness of their pets’ health and well-being. Despite early failures and hurdles, the veterinary industry—which accounts for 72 percent of global prescription and over-the-counter pet pharmaceutical sales, according to Packaged Facts—managed to close the year with stronger-than-average growth.
By Product Type
Pet Medications Market Dynamics
Pet Medications Market Size
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Recent News Related to Market
In 2019, Dogs, cats, birds, and fish and reptiles are the most popular OTC pet medications, accounting for over 87 percent of the overall OTC pet drug market share.
In July 2018, Zoetis bought Abaxis, a pioneer in veterinary point-of-care diagnostic tools. This allowed Zoetis to broaden its product offering.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
COVID-19 pre and post business impact analysis
Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
What is the Pet Medications Market growth?
Which segment accounted for the largest Pet Medications Market share?
Who are the key players in the Pet Medications Market?
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in our reports, recent market/vendor-specific changes may take time to reflect in the analysis.