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Companion Animal Drugs Market Share

  • Report ID: GMI4981
  • Published Date: Aug 2024
  • Report Format: PDF

Companion Animal Drugs Market Share

The companion animal drugs industry is highly dynamic, driven by increasing pet ownership, rising pet healthcare expenditure, and advancements in veterinary medicine. Promising players such as Boehringer Ingelheim International GmbH and Elanco Animal Health Incorporated is renowned for its comprehensive portfolio in diagnostics and personalized healthcare, with a strong presence in various regions and advanced solutions integrated into their healthcare services.
 

Key players in the market include Zoetis Inc. and Merck & Co., Inc., both offering a wide range of veterinary pharmaceuticals and biologics, known for integrating innovative approaches to improve the health and well-being of companion animals. Zoetis Inc. focuses on developing advanced vaccines and diagnostic tools, while Merck & Co., Inc. emphasizes research-driven solutions to address emerging health challenges in pets. This competitive landscape is shaped by factors such as technological advancements, regulatory landscapes, and strategic alliances, driving innovation and the development of innovative solutions in the companion animal healthcare market. Furthermore, partnerships and collaborations between industry players and academic institutions are common, fostering innovation and driving the development of advanced treatments.
 

Companion Animal Drugs Market Companies

Prominent players operating in the companion animal drugs industry include:

  • Agrolabo S.p.A.
  • Boehringer Ingelheim International GmbH
  • Ceva Santé Animale
  • Chanelle Pharma
  • Dechra Pharmaceuticals PLC
  • Elanco Animal Health Incorporated
  • Endovac Animal Health
  • HIPRA
  • Indian Immunologicals Ltd.
  • Merck & Co., Inc.
  • Norbrook
  • Symrise
  • Vetoquinol
  • Virbac
  • Zoetis Inc.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global companion animal drugs industry was valued at USD 19.6 billion in 2023 and is anticipated to register 7.5% CAGR between 2024 and 2032 due to rising prevalence of zoonotic diseases and the increase in trend of pet ownership.

The dog segment in the market is projected to grow at 7.4% CAGR through 2032, attributed to the high prevalence of chronic diseases, such as arthritis, diabetes, and cardiovascular conditions in dogs.

North America companion animal drugs market is projected to reach USD 14.5 billion by 2032, owing to the growing pet care industry and advanced research capabilities.

Agrolabo S.p.A., Boehringer Ingelheim International GmbH, Ceva Santé Animale, Chanelle Pharma, Dechra Pharmaceuticals PLC, Elanco Animal Health Incorporated, Endovac Animal Health, and HIPRA, among others.

Companion Animal Drugs Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 515
  • Countries covered: 25
  • Pages: 132
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