Pet Health Products Market
Overview
A pet or companion animal is an animal kept for the protection, companionship or entertainment of an individual. In general, dogs and cats are preferred as pets, although domestic rabbits, parrots, guinea pigs, and fancy rats have also become popular choices. The acceptance of Western culture and changing lifestyles in emerging economies such as India and China have increased the adoption of pets, which in turn supports the growth of the product market. health care for pets. Pet ownership is widely viewed as a status symbol in emerging economies. Cats and dogs are generally adopted by the population for psychological and therapeutic benefits.
Pets influence children’s social, emotional and cognitive development, promote dynamic lifestyles and have even been able to detect the presence of certain cancers. According to statistics published by the American Veterinary Medical Foundation (AVMF), there were 43,346,000 companion dogs and 36,117,000 companion cats in the United States in 2012, with average veterinary expenses for the latter estimated at 378, respectively. US $ and US $ 191 per year. This argues favorably for the growth of the pet health product market.
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Zoonotic diseases are the major problem in pets caused by bacteria, germs, viruses, parasites and fugi. The main diseases and health problems observed in pets are obesity, heartworm, dental disease, parvovirus, distemper, rabies, diseases transmitted by fleas and ticks, arthritis, diabetes and kidney disease.
On the basis of the type of pet, the global pet health products market is categorized into:
- Dog care
- Cat care
- Fish care
- Bird care
- Others
Pet owners often prefer the best food products and newer grooming products, in order to provide the best care for their pet. Such approaches have dramatically increased the spending limit of pet owners, thus promoting the growth of the pet owner. pet health products market.
In North America and Europe, the humanization of pets is a major trend that views pets as a member of the family due to rapidly changing cultural factors. As a result, a favorable environment is created for the pet health product market. Moreover, increasing disposable income of pet owners and growing trend of nuclear family is expected to drive market growth in near future. However, strict government regulations regarding pets and increasing incidences of allergies caused by pets are expected to hamper the growth of the market during the forecast period.
Ongoing R&D activities related to animal diseases can provide major growth opportunities in the animal health industry. As preventative drugs are not available in the market, newly diagnosed diseases pose a threat to owners of animals and livestock farms. In such situations, they should follow the natural method to stop the spread of disease, as suggested by veterinarians and animal health boards. One of these diseases is the porcine epidemic diarrhea virus (PEDV) which is caused by the corona virus. It leads to infection of the cell lining in the small intestine of pigs.
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Competition section
The major players operating in the global pet health products market are Abbott Laboratories, Central Garden & Pet Company, Bayer AG, Embrace Pet Insurance Agency LLC, IDEXX Laboratories Incorporated, Nestlé, Beefeaters Holding Company Incorporated, Colgate-Palmolive Company, Merck & Company Incorporated, Novartis AG, Pfizer Incorporated, Boehringer Ingelheim GmbH, ADER Enterprises Incorporated, Heska Corporation, Sanofi, Virbac SA, Sergeant’s Pet Care Products Incorporated, Trupanion, Spectrum Brands Holdings Incorporated, Procter & Gamble Company, Hartville Group Incorporated, PBI / Gordon Corporation, Sumitomo Corporation, VCA Antech Incorporated, PetAg Incorporated, Veterinary Compagnie Pet Insurance and Pethealth Incorporated.
Key developments
- Large companies in the market focus on various business strategies such as mergers and acquisitions, in order to gain competitive advantage in the market. For example, in August 2019, Elanco Animal Health Incorporated acquired the animal health business of Bayer AG for a value of approximately US $ 7.6 billion.
- The key players in the market are involved in various business strategies such as business expansion, in order to gain competitive advantage in the market. For example, in January 2018, Nestlé, SA, a Swiss food and beverage processing company, entered the Indian pet market under the brand name “Supercoat” with packaged dog food.
- Large companies in the market focus on different business strategies such as strategic marketing, in order to gain competitive advantage in the market. For example, in March 2019, the Global Pet Division Care of Spectrum Brands Holdings Incorporated participated in the Global Pet Expo 2019, held in Orlando, USA.
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Contents:
- Research objective and hypothesis
o Research objectives
o Assumptions
o Abbreviations - Market Snapshot
o Description of the report
• Definition and scope of the market
o Executive summary
• Market extract by type of product
• Market extract by application
• Market extract by technology
• Market extract by end user
• Market extract by region
o Coherent Opportunity Map (COM) - Analysis of market dynamics, regulations and trends
o Market dynamics
• Drivers
• Constraints
• Market opportunities
o Technological trends
o PEST analysis
o Impact analysis - Global Pet Health Products Market, By Product Type, 2021 – 2028 (USD Million)
Presentation
• Market share analysis, 2016 and 2028 (%)
• Year-on-year growth analysis, 2021 – 2028
• Segment trends
o Reagents and consumables
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Software
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
Instruments
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million) - Global Pet Health Products Market, By Application, 2021-2028 (USD Million)
Presentation
• Market share analysis, 2016 and 2028 (%)
• Year-on-year growth analysis, 2021 – 2028
• Segment trends
o Genomics
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Proteomics
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Diagnosis
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Drug discovery
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million) - Global Pet Health Products Market, By Technology, 2021 – 2028 (USD Million)
Presentation
• Market share analysis, 2016 and 2028 (%)
• Year-on-year growth analysis, 2021 – 2028
• Segment trends
Microarrays
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Microfluidics
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million) - Global Pet Health Products Market, By End User, 2021 – 2028 (USD Million)
Presentation
• Market share analysis, 2016 and 2028 (%)
• Year-on-year growth analysis, 2021 – 2028
• Segment trends
o Hospitals
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Diagnostic laboratories
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o University and research institutes
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
o Biotech and pharmaceutical companies
• Introduction
• Market size and forecast, and year-on-year growth, 2021 – 2028 (USD Million)
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