Insights on the Companion Animal Health Global Market to 2027 - Growing Prevalence of Animal Diseases Presents Opportunities - ResearchAndMarkets.com

The "Global Companion Animal Health Market (2022-2027) by Indication, Animal, Distribution Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Companion Animal Health Market is estimated to be USD 28.69 Bn in 2022 and is expected to reach USD 47.46 Bn by 2027, growing at a CAGR of 10.59%.

Market dynamics are forces that impact the prices and behaviors of the Global Companion Animal Health Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Companion Animal Health Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification.

The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Companion Animal Health Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Growing Prevalence of Zoonotic Diseases
• Rising Demand for Pet Insurance With Growing Animal Health Expenditure
• Initiatives by Various Government Agencies and Animal Associations
• Growth in Companion Animal Ownership Rates

Restraints

• Rising Pet Care Costs
• Limited Number of New Product Developments
• High Storage Cost of Vaccines

Opportunities

• Lucrative Growth Opportunities in Emerging Markets
• Growing Prevalence of Animal Diseases
• Technological Advancements in Manufacturing Vaccines

Challenges

• The Stringent Regulatory Approval Process for Drugs
• Inadequate Surveillance and Reporting Systems of Vaccines
• Diversity of Parasite Species

Market Segmentation

The Global Companion Animal Health Market is segmented based on Indication, Animal, Distribution Channel, and Geography.

• By Indication, the market is classified into Infectious Diseases and Dermatologic Diseases.
• By Animal, the market is classified into Dogs, Cats, and Horses.
• By Distribution Channel, the market is classified into Veterinary Hospitals, Veterinary Clinics, and Retail Pharmacies.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

• Ashish Life Science
• Boehringer Ingelheim
• Ceva Sante Animale
• Chanelle Pharma
• Dechra Pharmaceuticals
• Eco Animal Health Group
• Elanco Animal Health
• Endovac Animal Health
• Hipra
• Indian Immunologicals
• Inovet
• Kyoritsu Seiyaku
• Lutim Pharma
• Merck.
• Norbrook Holdings
• Tianjin Ringpu Bio-Technology
• Vetoquinol
• Virbac
• Zoetis
• Zydus Animal Health and Investments

For more information about this report visit https://www.researchandmarkets.com/r/chd2hv

View source version on businesswire.com: https://www.businesswire.com/news/home/20220831005636/en/