Companion Animal Health Market By Animal Type (Dogs, Cats, Horses, Others), By Products And Services (Pharmaceuticals, Animals Feed Additives, Diagnostics, Vaccines, Others), By End-User (Veterinary Clinics, Veterinary Hospitals, Homecare, Other) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
The global companion animal health market accounted for US$ 14.5 Bn in 2018 and is likely to witness growth, with a CAGR of 6.0% across the forecast period from 2019 to 2027. With the rising companion animal ownership population, owners are concerned about companion animal health and nutrition, and thereby seeking various veterinary services. Which in turn, is increasing demand for diversified companion healthcare products such as, vaccines, feeding products, nutritional supplements and drugs for various diseases. Similarly, acquisitions by major players are increasing the demand for companion animal health market across the globe. For instance, in October 2019, Zoetis announced the acquisition of Phoenix Central Laboratory. Phoenix lab serves anatomic and clinical pathology in veterinary clinics of around 20 states. With the help of this acquisition, Zoetis aims to increase its portfolio by providing comprehensive diagnostics products and services in the US.
A major strategy which is implemented by companies in the companion animal health market is collaboration with one another, a crucial reason for the development of companion animal health market across the globe. For instance, in January 2017, Jaguar Animal Health, Inc. and Elanco US Inc. announced an agreement. This collaboration aims to develop Canalevia. Canalevia is a drug that will help in the treatment of Diarrhea, which is the most common cause for veterinary calls among dogs.
Manufacturers are focusing to provide new and innovative techniques and services in companion animal health market. For instance, in January 2019, Bayer announced to support infectious disease surveillance program for companion animals. Bayer is a major sponsor of the disease surveillance system that will provide distribution and prevalence of infections caused by arthropod and ectoparasite among dogs and cats in Africa. Moreover, initiatives such as One health initiative is one of the key factor which is increasing the demand for the companion animal health market.
Dog holds the largest share in companion animal health market
In 2018, dogs held the largest share in the global companion animal health market. The dominance of this segment is supported by benefits which are associated with keeping dogs as pet. Dogs provide many health benefits such as improve heart health by lowering blood pressure and reducing cholesterol. According to The American Pet Production Association (APPA) National pet owners survey 2017-2018 announced that approximately 68% of the US households own pets, from which 60 million households have dogs as pets. Additionally, manufacturers are developing new product for dogs which is increasing the demand for Companion animal health products among dogs. For instance, in May 2019, Merck & Co. Inc. launched Bravecto Cares. Bravecto Cares is an educational campaign for keeping service dogs healthy. Merck as a part of this initiative launched Bravecto chewing tablets that protect dogs from fleas and ticks.
North America Garnered Largest Market Share in 2018
In 2018, North America dominated the companion animal health market in 2018 and is most likely to continue its governance during the forecast period from 2019 to 2027. North America is having highest pet-owners population across the globe. For instance, according to statistics provided by “The Humane Society Institute for Science and Policy” the population of companion animals in North America for the year 2017 accounts for 86.8 Mn for cats and 76.6 for dogs. One of the key factor which supports the growth of companion animal health market is wide availability of pet care products in North America. For instance, in November 2018, Zoetis launched new product for parasite prevention in cats. The Revolution Plus is approved by the US Food and Drug Administration (FDA). Revolution Plus is 6-in-1 parasite protection that protects the cats from ticks, fleas, roundworms, hookworms and heartworm all at once. Revolution plus is an innovative product that protects the cats from internal as well as external pests by a single use in a month. Additionally, according to the statistics of Zoetis, Zoetis earns largest revenue i.e almost 50% of its revenue from North America region.
Competitive Insights
The major players identified in the companion animal heath market include Zoetis, Jaguar Health, Elanco, Bayer AG, Merck & Co., Ceva, Boehringer Ingelheim International GmbH., Virbac., Vetoquinol S.A., Inc. Conklin Company Inc., and Nestle Purina Petcare among others. Players are expanding their product portfolio to satisfy the rising needs of the customers. Partnerships and acquisitions remains some of the major strategies implemented by the major players in the companion animal health market. For instance, in April 2019, Elanco Animal Heath announced to acquire Aratana Therapeautics. Through this acquisition, Elanco aims to acquire Arantana’s product portfolio for pet animals in their own companion animal therapeutics business.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Companion animal health market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global companion animal health market based on animal type, product and services, end-use vertical, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
By Animal Type (2017-2027; US$ Bn) |
|
By Products and Services (2017 – 2027; US$ Bn) |
|
|
By End User (2017 – 2027; US$ Bn) |
|
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Geography Segment (2017-2027; US$ Bn) |
Key questions answered in this report
- What was the market size of companion animal health market in 2018 and forecast up to 2027?
- What are the key factors driving the global companion animal health market?
- What are the key market trends and high-growth opportunities observed in the companion animal health market?
- What are the drivers of the companion animal health market?
- Which is the largest regional market for companion animal health market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading companion animal health market?
- What are the sustainability strategies adopted by the key players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Companion Animals Health Market
2.2. Global CAH Market, by Animal Type, 2018 (US$ Bn)
2.3. Global CAH Market, by Products and Services, 2018 (US$ Bn
2.4. Global CAH Market, by End-user, 2018 (US$ Bn)
2.5. Global CAH Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global CAH Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Companion Animal Health Market (CAH) Market, by Animal Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Dogs
4.3. Cats
4.4. Horses
4.5. Others (Avian etc.)
5. Global Companion Animal Health Market (CAH) Market, by Products and Services, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Pharmaceuticals
5.3. Animals Feed Additives
5.4. Diagnostics
5.5. Vaccines
5.6. Others
6. Global Companion Animal Health Market (CAH) Market, by End-user, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Veterinary Clinics
6.3. Veterinary Hospitals
6.4. Homecare
6.5. Other CAH Centers
7. North America Companion Animal Health Market (CAH) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America CAH Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America CAH Market Value, By Animal Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America CAH Market Value, By Products and Services, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America CAH Market Value, By End-user, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America CAH Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Companion Animal Health Market (CAH) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe CAH Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe CAH Market Value, By Animal Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe CAH Market Value, By Product and Services, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe CAH Market Value, By End-user, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe CAH Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Companion Animal Health Market (CAH) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific CAH Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific CAH Market Value, By Animal Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific CAH Market Value, By Product and Services, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific CAH Market Value, By End-user, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific CAH Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Companion Animal Health Market (CAH) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World CAH Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World CAH Market Value, By Animal Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World CAH Market Value, By Product and Services, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World CAH Market Value, By End-user 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World CAH Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Zoetis
11.2. Jaguar Health
11.3. Elanco
11.4. Bayer AG
11.5. Merck & Co.
11.6. Ceva
11.7. Boehringer Ingelheim International GmbH.
11.8. Virbac
11.9. Vetoquinol S.A., Inc.
11.10. Conklin Company Inc.
11.11. Nestle Purina Petcare
* Here we are using CAH as a short form of Companion Animal Health
TABLE 1 Market Snapshot: Global Companion Animal Health (CAH) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global CAH Market, by Animal Type, 2017–2027 (US$ Bn)
TABLE 5 Global CAH Market, by Product and Services, 2017–2027 (US$ Bn)
TABLE 6 Global CAH Market, by End-user, 2017–2027 (US$ Bn)
TABLE 7 Global CAH Market, by Geography, 2017–2027 (US$ Bn)
TABLE 8 North America CAH Market, by Animal Type, 2017–2027 (US$ Bn
TABLE 9 North America CAH Market, by Product and Services, 2017–2027 (US$ Bn
TABLE 10 North America CAH Market, by End-user, 2017–2027 (US$ Bn)
TABLE 11 North America CAH Market, by Country, 2017–2027 (US$ Bn)
TABLE 12 Europe CAH Market, by Animal Type, 2017–2027 (US$ Bn)
TABLE 13 Europe CAH Market, by Product and Services, 2017–2027 (US$ Bn
TABLE 14 Europe CAH Market, by End-user, 2017–2027 (US$ Bn)
TABLE 15 Europe CAH Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific CAH Market, by Animal Type, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific CAH Market, by Product and Services, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific CAH Market, by End-user, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific CAH Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 20 Rest of the World CAH Market, by Animal Type, 2017–2027 (US$ Bn
TABLE 21 Rest of the World CAH Market, by Product and Services, 2017–2027 (US$ Bn)
TABLE 22 Rest of the World CAH Market, by End-user, 2017–2027 (US$ Bn)
TABLE 23 Rest of the World CAH Market, by Region, 2017–2027 (US$ Bn)
TABLE 24 Zoetis: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Jaguar Health: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Elanco: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Bayer AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Merck & Co.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Ceva: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Boehringer Ingelheim International GmbH.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Virbac: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Vetoquinol S.A., Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Conklin Company Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 Nestle Purina Petcare: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
FIG. 1 Global Companion Animals Health (CAH) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global CAH Market Segmentation
FIG. 4 Global CAH Market, by Animal Type, 2018 (US$ Bn)
FIG. 5 Global CAH Market, by Product and Services, 2018 (US$ Bn
FIG. 6 Global CAH Market, by End-user, 2018 (US$ Bn)
FIG. 7 Global CAH Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key Companion Animals Health Market Manufacturers, 2018
FIG. 10 Global CAH Market Value Share, by Animal Type, 2018 & 2027 (Value %)
FIG. 11 Global CAH Market, for Dogs, 2017–2027 (US$ Bn)
FIG. 12 Global CAH Market, for Cats, 2017–2027 (US$ Bn)
FIG. 13 Global CAH Market, by Horses, 2017–2027 (US$ Bn)
FIG. 14 Global CAH Market, for Others (Avian etc.) 2017–2027 (US$ Bn)
FIG. 15 Global CAH Market Value Share, by Products and Services, 2018 & 2027 (Value %)
FIG. 16 Global CAH Market, by Pharmaceuticals, 2017–2027 (US$ Bn)
FIG. 17 Global CAH Market, by Animal Feed Additives, 2017–2027 (US$ Bn)
FIG. 18 Global CAH Market, by Diagnostics, 2017–2027 (US$ Bn)
FIG. 19 Global CAH Market, by Vaccines, 2017–2027 (US$ Bn)
FIG. 20 Global CAH Market, by Others, 2017–2027 (US$ Bn)
FIG. 21 North America CAH Market, 2017–2027 (US$ Bn)
FIG. 22 Europe CAH Market, 2017–2027 (US$ Bn)
FIG. 23 Asia Pacific CAH Market, 2017–2027 (US$ Bn)
FIG. 24 RoW CAH Market, 2017–2027 (US$ Bn)
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