#Pet Insurance Market COVID-19 Impact Analysis Report

[tejalbele-2024]

Animal Vaccines Market Worth Observing Growth $15.20 Bn, Globally, by 2030 at 5.2% CAGR: AMR

Growth in demand for pet insurance and rise in prevalence of animal diseases drive the growth of the global animal vaccines market.

These vaccines are effective over traditionally developed vaccines in preventing infections. Thus, this factor is anticipated to boost the demand of animal vaccines in near future. quote”

— Allied Market Research

Allied Market Research published a report, titled, "Animal Vaccines Market by Type (Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines, and DNA Vaccines) and Animal Type (Companion Animal, Livestock Animal, and Aquaculture): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global animal vaccines market generated $9.09 billion in 2020, and is expected to reach $15.20 billion by 2030, growing at a CAGR of 5.2% from 2020 to 2030.

Vaccines help develop naturally acquired immunity by stimulating the immune system with the help of either non-pathogenic organisms or by their immunogenic components. Animal vaccines are essential to increase the welfare of the animal and reduce the monetary loss of their owners. These consist of attenuated and subunit vaccines and are useful in the prevention of diseases through their mode of action. Animal vaccines are eco-friendly products that help reduce the use of antibiotics and risk of drug-resistant microorganisms.

𝐅𝐨𝐫 𝐑𝐢𝐠𝐡𝐭 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/1988

𝐏𝐫𝐢𝐦𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐠𝐫𝐨𝐰𝐭𝐡

Growth in demand for pet insurance, rise in prevalence of animal diseases, surge in expenditure for animal health, and increase in ownership of companion animal drive the growth of the global animal vaccines market. However, highly competitive meat and milk prices and adverse impact of veterinary vaccines on human and animal health hinders the market growth. On the other hand, advancement in vaccine product and rise in demand for hybrid animal create new opportunities in coming years.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

The emergence of covid-19 affected the animal vaccine market negatively. The veterinary organizations across the globe have recommended limiting animal patient care to acutely ill animals and emergencies. The lockdown measures have led to rescheduling of annual checkup exams and elective vaccination procedures. The supply of animal vaccination witnessed disruptions to certain point. However, the manufacturers ensured proper supply of animal vaccinations. The attenuated vaccines segment to maintain its dominant position during the forecast period

Based on product, the attenuated vaccines a segment held the highest market share in 2020, accounting for nearly two-fifths of the global animal vaccines market, and is expected to maintain its dominant position during the forecast period. This is attributed to availability of advanced technology for specific mutations/deletions in genes of the virus. However, the DNA vaccines segment is estimated to witness the highest CAGR of 8.10% from 2020 to 2030, owing to increase in prevalence of animal diseases, and its easy manipulation as compared to traditional vaccines.

The animal vaccines market is segmented into companion animal, livestock animal, and aquaculture. The companion animal segment is further segmented into cats and dogs. The livestock animal segment is further classified into cattle, pigs, poultry, sheep, and others (goats, horses, asses, camel, and others). The companion animal segment is expected to be the fastest growing segment throughout the analysis period and accounted for almost one-third of the total share of the market in 2020.

𝐃𝐨 𝐘𝐨𝐮 𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲 𝐎𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭? 𝐀𝐬𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐞𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/1988

𝐓𝐡𝐞 𝐥𝐢𝐯𝐞𝐬𝐭𝐨𝐜𝐤 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐛𝐲 𝟐𝟎𝟑𝟎

Based on animal type, the livestock animal segment accounted for nearly than two-thirds of the global animal vaccines market in 2020, and is projected to maintain its leadership status based on revenue by 2030. Increase in the prevalence of various infectious diseases among livestock animals and surge in awareness related to importance of immunization. However, the companion animal segment is expected to portray the highest CAGR of 5.50% from 2020 to 2030. The increase in awareness regarding medical illnesses & ailments of companion animals and growth in animal healthcare expenditure worldwide drive the growth of the segment.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on region, North America held the majority share in 2020, with nearly two-fifths of the total share of the global animal vaccines market, and will maintain its highest contribution throughout the forecast period. This is due to established veterinary organizational structures and concern amongst people to ensure animal health. However, Asia-Pacific is expected to maintain the highest CAGR of 5.90% during the forecast period, owing to increase in need of protection of livestock from mass wipeouts due to epidemics, especially in countries such as India.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

Merck & Co., Inc., Zoetis Inc., Ceva Santé Animale, Sanofi S.A., Romvac, Vaxxinova, Biovac, Merial, Boehringer Ingelheim GmbH, Anicon Labor GmbH

Animal vaccines are eco-friendly products that help reduce the use of antibiotics and risk of drug-resistant microorganisms. They help protect animal health by immunizing the animal from any particular disease. These vaccines are essential for animal well-being, production of food, and safety of public health. Animal vaccines is a component of a larger field of medicine called veterinary biologics (VB).

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

[themarketupdate]

Global Metal Casing Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2024

Latest added Global Metal Casing Market research study by Archive Market Research offers detailed outlook and elaborates market review till 2030. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Amazon Web Services, Inc. (Washington, United States),Google LLC (California, United States),IBM Corporation (New York, United States),Microsoft Corporation (Washington, United States),SAP SE (Germany),Yellow Messenger (Karnataka, India),Labiba for Artificial Intelligence LLC (Dubai, United Arab Emirates),Gupshup (Maharashtra, India),SmartBots (Texas, United States),Aivo (Córdoba, Spain),Aifa.AI (Sydney, Australia),Dogtown Media. (California, United States),Peerbits. (Gujarat, India),Master of Code Global. (California, United States),Peltarion (Stockholm, Sweden),Verloop (Karnataka, India),Crisp IM SARL (France),LiveChat, Inc. (Massachusetts, United States),ManyChat, Inc. (San Francisco, United States),Chatfuel (San Francisco, United States),PandoraBots (California, United States),Botscrew (London, UK) etc.  Click for Free Sample Report + All Related Graphs & Charts https://archivemarketresearch.com/report/pet-snacks-and-treats-market-7/sample-report The Global Metal Casing Market size was valued at USD 33.27 billion in 2023 and is projected to reach USD 41.48 billion by 2032, exhibiting a CAGR of 3.2 % during the forecasts period. The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth. The Global Global Metal Casing segments and Market Data Break Down are illuminated below: {"Component: Platform/Software Development Kit and Services","Deployment: Cloud and On-premises","Application: Website, Contact Centers, Social Media and Mobile Application","Industry: Banking, Financial Services and Insurance (BFSI"}

Have Any Questions Regarding Global Global Metal Casing Market Report, Ask Our Experts@ https://archivemarketresearch.com/report/pet-snacks-and-treats-market-7/enquiry-before-buy This report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market. Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.

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[deshpandeisha]

The Growing Field of Animal Ultrasound: A Game Changer in Veterinary Medicine

The global animal ultrasound market size reached USD 286.2 Million in 2020 and is expected to register a revenue CAGR of 8.2% during the forecast period, according to latest analysis by Emergen Research. Increasing number of companion animals and rising demand for pet insurance are some key factors projected to support market revenue growth between 2021 and 2028.

In addition, increasing number of veterinary doctors in developed and developing countries is expected to boost revenue growth of the market going ahead.Increasing number of veterinarians has also resultedin increasingnumberof new treatment facilities, which is expected to boost demand for various treatmentequipment for animals, including animal ultrasound devices.In addition, veterinarians' incomes in developed countries have significantly risen in recent years, and this is strengthening their purchasing power, which is expected to boostadoption of animalultrasound devices in private clinics.

Request a Sample Report with Table of Contents and Figures to click Here: https://www.emergenresearch.com/request-sample/866

Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Animal Ultrasound market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

IDEXX Laboratories, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Heska Corporation, Diagnostic Imaging Systems, Inc., Clarius Mobile Health Corp., DRAMIÑSKI S.A., and Hallmarq Veterinary Imaging Limited

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/animal-ultrasound-market

Emergen Research has segmented the global Animal Ultrasound market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

Animal Type Outlook (Revenue, USD Million; 2018–2028)

Large Animals

Small Companion Animals

Imaging Type Outlook (Revenue, USD Million; 2018–2028)

Doppler Imaging

2D Ultrasound Imaging

3D & 4D Ultrasound Imaging

Scanner Type Outlook (Revenue, USD Million; 2018–2028)

Handheld Ultrasound Scanners

Cart-based Ultrasound Scanners

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Animal Ultrasound Market size and share for the projected period of 2022-2030

Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Animal Ultrasound Market

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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[bhushans]

Beyond Borders: The Global Companion Animal Specialty Drugs Market Offers Hope for Millions

The global companion animal specialty drug market  is anticipated to grow at a respectable CAGR of 4.21%. In 2022, the market is projected to be valued USD 37,624.67 million. By 2032, the market for specialized medications for companion animals is anticipated to reach a peak value of USD 56,828.56 million. For the relevant market, Future Market Insights specialists have calculated a historical CAGR of 5.42%.

Since the early epidemic phase in 2020, there has been an annual 50% increase in pet adoption in the United States. Families were investing more money in their pets’ health and well-being as a result of the rising pet adoption rate. A lot of individuals consider their dogs to be family members. Furthermore, there was a significant expansion in the market for animal insurance providers.

Unlock Advanced Analysis With Your Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-3984

One important aspect driving up demand for animal nutrition and behavioral products and driving up sales is the rise in pet adoption. Over the past few years, there has been a sharp increase in demand for anti-obesity medications due to the rising rate of obesity in pets.

During the FQ-20, more people adopted dogs and cats as pets as a result of the COVID-19 outbreak and the ensuing worldwide shutdown. Dog adoption is fairly common, particularly among the elderly population. It is anticipated that this will increase demand for pet nutrition, skin care, and antibiotics.

Key Takeaways

Urbanization and trend of nuclear families have been greatly helpful in increasing market share of companion animal drug market.

People have started considering pets as their family member and this led to increase in overall expenditure of a family, as a result this benefitted the companion market.

Increase in rising pet diseases have provided the industry with a positive push to manufacture more companion drugs to meet the demand

Industrial growth can likely be attributed to a rise food-borne and zoonotic diseases.

Increase in per capita income of urban population, have enabled people to take better care of their pets by means of diagnosis, vaccination, mitigation, and treatment of diseases such as kidney diseases, heartworms and Lyme diseases, which resulted in giving a boost for companion animal specialty drug market share.

COVID-19 had a positive impact on pet adoption rate, with a rise of 50% each year

Technological advancement has been a strong driving factor in market progression of companion animal drug market

Competitive Landscape

Extensive mergers and acquisitions, product portfolios, geographical expansions, and collaborative research initiatives are some of the strategies undertaken by the leading players. Established players in this market have made alliances with different companies to increase their market reach and social media presence. Some well-established players in the US companion animal drug specialty market are:

Merck Animal Health

Elanco

Zoetis

Vetiquinol S.A.

Virbac, Inc.

Norbrook Inc.

Dechra Pharmaceuticals

Patterson Companies, Inc.

Vedco Inc.

Covetrus

MWI Animal Health

Nutramax Laboratories Veterinary Sciences, Inc.

Ellevet Sciences

Recent Developments

In 2017, Zoetis emerged as a leading player with the highest share of compassion animal specialty drugs, as the company has a considerable and significant market presence, a diverse portfolio of product offerings, and an acute strategic perspective which includes M&As, such as the acquisition of Abaxis in 2018.

In July 2019, Zoetis and Colorado state university made an agreement to establish a research lab for the development of immunotherapies for veterinary patients.

In August 2020, Elanco Animal Health Incorporatedannounced that it has acquired Bayer Animal Health. The transaction was valued at USD 6.89 billion. This development helped the company to expand itself in the durable animal health industry.

Key Segments in the Companion Animal Specialty Drugs Market:

By Product:

Antibiotics

Anti-Inflammatory Drugs

Parasiticides

Heartworm

Behavioral Products

Nutritional Products

Anti-Obesity Drugs

Skin Care Products

Vaccines

By Distribution Channel:

Modern Trade

Online Distribution

Neighborhood Stores

Other Retail Format

By Region:

North America

Latin America

Asia Pacific

Middle East & Africa (MEA)

Europe

[industryforecastnews]

U.S. Veterinary Orthopedic Medicine Market Size, Share & Growth Analysis Report, 2030

U.S. Veterinary Orthopedic Medicine Market Growth & Trends

The U.S. veterinary orthopedic medicine market size is expected to reach USD 814.51 million by 2030, registering a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing pet population, adoption of pet insurance, rising prevalence of diseases among animals, and advancements in veterinary medicine.

For instance, in October 2023, the FDA approved Librela (bedinvetmab injection), making it the first monoclonal antibody for treating osteoarthritis-related pain in dogs. In addition, in April 2022, American Regent Animal Health, a division of American Regent, Inc., received FDA approval to extend the shelf life of Adequan Canine and Adequan i.m. The expiration date for both products was increased from 24 months to 36 months from the date of manufacture.

Key players in the veterinary orthopedic medicine market are engaging in strategic initiatives like product launches, collaborations, and acquisitions to make their market presence more prominent, impelling market growth. In September 2022, Zoetis acquired Jurox, a private animal health company specializing in veterinary medicines for livestock and companion animals. The deal, finalized in August 2021, included Jurox's operations in Australia and regional offices in the U.S., Canada, and the UK. Such initiatives are anticipated to drive market growth.

For instance, in October 2023, Athersys, Inc. (ATHX), a cell therapy and regenerative medicine company, entered into a licensing agreement with Ardent Animal Health. With this move, Athersys, known for its work with MultiStem (invimestrocel) in critical care, entered the field of animal health. This collaboration with Ardent, a veterinary biotech firm specializing in regenerative medicine and cancer therapies for animals, highlights Athersys’ commitment to advancing veterinary care.    

Some key impacts of the pandemic and respective lockdowns on the market include dampened growth, decreased sales, supply chain disruptions, and operational challenges. However, the pandemic also propelled concerns over animal health and welfare, strengthened the pet parent and animal bond, and increased pet adoption. Moreover, the market witnessed an improved medicalization rate, pet expenditure, and adoption of pet insurance.

Increasing pet humanization and improved diagnostic rates were other positive impacts of the COVID-19 pandemic on the veterinary sector. In 2021, the market recorded increased demand and sale of veterinary medicines, including orthopedic medicines. In 2022, other macroeconomic uncertainties, such as global recession and cost inflation, adversely impacted the business. However, as the underlying market drivers remain unchanged owing to an increasing prevalence of orthopedic disorders in dogs and horses, the market is estimated to grow notably over the forecast period.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/us-veterinary-orthopedic-medicine-market-report

U.S. Veterinary Orthopedic Medicine Market Report Highlights

Based on product, pharmaceuticals segment dominated the market, accounting for a share of 46.72% in 2023. Pharmaceutical treatments for orthopedic diseases in pets, such as Non-steroidal Anti-inflammatory Drugs (NSAIDs) and pain relievers, have been widely used and established as effective treatments for managing pain and inflammation. On the other hand, the viscosupplements segment is anticipated to grow at the fastest CAGR of 8.23% during the forecast period

Based on animal type, the market is segmented into dogs and horses. The dogs segment dominated the market, accounting for a share of 51.98% in 2023. It is also anticipated to grow at the fastest CAGR of 7.80% in the coming decade

Based on application, the osteoarthritis segment accounted for the largest share of 60.65% of the market in 2023. The other segment is expected to grow at the fastest CAGR of 9.39% over the forecast period

Based on route of administration, the market is segmented into injectable, oral, and others (e.g., topical). The injectable segment dominated the market, accounting for a share of 60.40% in 2023. The others (e.g., topical) segment is anticipated to grow at the fastest CAGR of 8.22% in the coming decade

On the basis of end-use, veterinary clinics & hospitals segment accounted for the largest share of 53.59% of the market in 2023. The other segment is expected to grow at the fastest CAGR of 8.68% over the forecast period

U.S. Veterinary Orthopedic Medicine Market Segmentation

Grand View Research has segmented the U.S. veterinary orthopedic medicine market based on product, animal type, application, route of administration, and end-use:

U.S. Veterinary Orthopedic Medicine Product Outlook (Revenue, USD Million, 2018 - 2030)

Biologics

Stem Cells

Platelet-Rich Plasma (PRP)

Other Biologics

Viscosupplements

Pharmaceuticals

Steroids

NSAIDS

Others

U.S. Veterinary Orthopedic Medicine Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

Dogs

Small Breeds

Medium Breeds

Large Breeds

Horses

U.S. Veterinary Orthopedic Medicine Application Outlook (Revenue, USD Million; 2018 - 2030)

Osteoarthritis

Degenerative Joint Disease

Others

U.S. Veterinary Orthopedic Medicine Route Of Administration Outlook (Revenue, USD Million, 2018 - 2030)

Injectable

Intra-Muscular

Intra-Articular

Others

Oral

Others

U.S. Veterinary Orthopedic Medicine End-use Outlook (Revenue, USD Million, 2018 - 2030)

Veterinary Hospitals & Clinics

At-home

Others

List of Key Players in the U.S. Veterinary Orthopedic Medicine Market

Zoetis Services LLC

Ardent Animal Health, LLC

Enso Discoveries

VetStem, Inc.

Contura Vet

PetVivo Holdings, Inc.

T-Cyte Therepeutics

Boehringer Ingelheim International GmbH

Arthrex, Inc.

MEDREGO LLC

Nucleus ProVets

Daiichi Sankyo Company, Limited 

Bimeda U.S.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/us-veterinary-orthopedic-medicine-market-report

[animal-care]

Exploring the Animal Care Market Players, Trends, and Growth Drivers

Introduction

The animal care industry is a thriving sector that encompasses various products and services aimed at meeting the needs of pets and their owners. With the increasing humanization of pets and growing awareness about pet health and wellness, the demand for high-quality animal care products and services has surged in recent years. This comprehensive analysis delves into various dimensions of the animal care market, offering insights into market trends, challenges, growth drivers, and opportunities shaping the global landscape of pet ownership and care.

Insights from Industry Research Reports

Animal Care Industry research reports serve as invaluable resources for understanding the complexities of the animal care market. According to recent studies conducted by leading market research firms, The Global Animal Care Market was valued at approximately $220 billion in 2020 and is projected to reach over $350 billion by 2027, growing at a compound annual growth rate (CAGR) of around 6% during the forecast period. This growth is attributed to factors such as increasing pet ownership rates, rising disposable incomes, and a growing focus on pet health and wellness.

Market Outlook: Navigating Challenges and Opportunities

While the animal care market presents significant opportunities for growth, it also faces challenges such as increasing competition, supply chain disruptions, and regulatory complexities. Additionally, the ongoing COVID-19 pandemic has impacted pet ownership patterns and purchasing behavior, leading to shifts in consumer preferences and buying habits. However, the pandemic has also accelerated certain trends, such as the adoption of e-commerce and the demand for pet health and wellness products.

Market Demand: Meeting the Needs of Pet Owners

The animal care market continues to witness strong demand for a diverse range of products and services catering to the needs and preferences of pet owners. Pet food and treats represent the largest segment of the market, accounting for a significant share of total spending. Premium and natural pet food products are gaining popularity among pet owners who prioritize the health and well-being of their furry companions. Additionally, the demand for pet healthcare services, including veterinary care, pet insurance, and preventive medicine, is on the rise, driven by an increasing emphasis on preventive care and pet longevity.

Click here – To Know more about the Animal Care Industry

Market Forecast: Projecting Future Growth

The outlook for the animal care market remains positive, with projections suggesting sustained growth in the coming years. Market analysts anticipate continued expansion driven by factors such as urbanization, population growth, and changing lifestyles. Emerging markets, particularly in Asia-Pacific and Latin America, are expected to experience rapid growth due to rising pet ownership rates and increasing consumer spending on pet-related products and services.

Market Growth Drivers: Fueling Expansion

Several factors are driving growth in the animal care market, including:

Increasing Pet Ownership: The growing number of pet-owning households worldwide is a primary driver of market growth. As more people welcome pets into their homes, the demand for pet products and services continues to rise.

E-commerce Adoption: The proliferation of online shopping platforms has revolutionized the way pet owners purchase products and access services. E-commerce channels offer convenience, variety, and competitive pricing, driving the growth of online pet retail.

Focus on Pet Health and Wellness: Pet owners are increasingly prioritizing the health and well-being of their pets, leading to greater demand for premium pet food, supplements, and healthcare services. As pets live longer and become integral members of the family, the demand for preventive and specialized veterinary care is expected to increase.

Market Trends: Embracing Innovation and Sustainability

Trends such as personalized nutrition, eco-friendly products, and telemedicine services are reshaping the animal care industry. Companies are leveraging these trends to differentiate their offerings, enhance customer engagement, and drive growth in a competitive market environment. Moreover, technological advancements, including wearable devices, digital health platforms, and telehealth services, are enhancing the way pet owners monitor and manage their pets' health, driving innovation in the industry.

Market Challenges: Addressing Key Concerns

Regulatory compliance, supply chain disruptions, and changing consumer preferences are among facing the Animal Care Market Challenges. Additionally, concerns about pet obesity, food safety, and environmental sustainability are influencing purchasing decisions and shaping industry standards and regulations. Companies must navigate these challenges while maintaining a focus on product quality, safety, and innovation to remain competitive in the market.

Conclusion

The animal care market offers significant opportunities for innovation and growth, driven by evolving consumer trends, technological advancements, and changing societal norms. By leveraging market insights, addressing key challenges, and embracing emerging trends, industry stakeholders can position themselves for success in a dynamic and rapidly expanding market landscape. As the human-animal bond continues to strengthen and pet ownership rates rise globally, the animal care industry will play a pivotal role in meeting the needs of pets and their owners, driving sustainable growth and prosperity in the years to come.

[marketwatchpune]

Canada Octave Harmonicas Market Report Covers Future Trends With Research 2023 to 2030 - SEYDEL, Clarke, Suzuki, Jambone, Waltons

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[petnews2day]

Pet Insurance Market Expected to Witness a Sustainable Growth Over 2031

New Post has been published on https://petn.ws/tDsyv

Pet Insurance Market Expected to Witness a Sustainable Growth Over 2031

PRESS RELEASE Published February 14, 2023 New York, Global Pet Insurance Market report from Global Insight Services is the single authoritative source of intelligence on Pet Insurance Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using […]

See full article at https://petn.ws/tDsyv #PetInsuranceNews

[globalinsightsservices]

Companion Animal Pharmaceutical Market is set for lucrative growth during 2022-2031 | Size, Share, Demand and Opportunities Analysis

Global Companion Animal Pharmaceutical Market report from Global Insight Services is the single authoritative source of intelligence on Companion Animal Pharmaceutical Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A acti

The global companion animal pharmaceuticals market was valued at USD 12.9 billion in 2021 and it is anticipated to grow at a CAGR of 7.6% during the forecast period to reach up to USD 26.8 billion by 2031.

The rising adoption of pet animals due to growing urbanization and an increase in the number of nuclear families is among the primary market growth factors. A growing focus on animal health along with surging demand for pet insurance, especially in developed countries will augment the market expansion. The consistent rise in the number of diseases affecting animals is, in turn, generating demand for companion animal drugs. Additionally, industrial growth is attributable to the increasing incidence of zoonotic and food-borne diseases across the globe.

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Market Trends and Drivers

The key factors such as the growing prevalence of zoonotic diseases is boosting the market growth during the forecast period. Some pathogens, such as zoonotic, can be transmitted from animals to humans. Examples of zoonotic diseases include rabies, salmonellosis, plague, brucellosis, and Lyme disease. Animals also share our susceptibility to certain diseases and environmental hazards and can serve as an early warning for potential human infections. Over the past two decades, the incidence of zoonotic diseases has increased across the globe, primarily as a result of the increased pet population. According to the International Livestock Research Institute (ILRI), 13 zoonoses cause 2.4 billion cases of human diseases and 2.2 million deaths every year. Toxoplasmosis—which is transmitted via cat feces—is quite common, with 10–20% of the UK population and 22% of the US population expected to carry the parasite as cysts. Cats with chronic bacteremia are primarily infected through saliva, and there is a high risk of transmittance from young adult cats. Although cats are asymptomatic carriers, weaker individuals can develop generalized infections. Many of the emerging and re-emerging infectious disease threats are vector-borne diseases transferred to animals and humans from arthropods.

Global Companion Animal Pharmaceutical Market Segmentation

The report analyses the global companion animal pharmaceutical market based on indication, animal type, distribution channel, and region.

Global Companion Animal Pharmaceutical Market by Indication

Based on indication, it is segmented into infectious diseases, dermatological diseases, orthopedic diseases, pain, behavioral disorders, and other indications. The dermatologic segment is likely0 to dominate the market during the forecast period. The increasing prevalence of arthritis coupled with the rising need for advanced orthopedic drugs, and the growing pet population are some key factors boosting the market growth.

Global Companion Animal Pharmaceutical Market by Animal Type

Based on animal type, it is segmented into dogs, cats, horses, and others. The dog segment is anticipated to dominate the market during the forecast period. The key factors such as the increasing dog’s population coupled with a rising ownership rate, increasing prevalence of zoonotic diseases and other skin allergies in dogs, rising canine healthcare expenditure, and the increasing number of pet insurers across the globe are boosting the market growth.

Global Companion Animal Pharmaceutical Market by Distribution Channel

Based on the distribution channel, it is segmented into veterinary hospitals, veterinary clinics, and retail pharmacies. The veterinary hospital segment is estimated to dominate the market during the forecast period. The key factors such as the animal parasiticides and antibiotics in hospital settings coupled with increasing incidence of infectious diseases, a growing number of veterinary hospitals, growing ownership of companion animals and increasing veterinary expenditure, and growing awareness about animal health in developing countries are some factors driving the growth of the segment.

Geographical Analysis of Companion Animal Pharmaceutical Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is likely to hold the major share of the market during the forecast period. The factors attributing to the growth of the market are a well-established base of animal health industries coupled with increasing incidences of parasitic infections, a large number of hospitals and clinics, a growing pool of veterinarians, and growing expenditure on animal health in the region. The growing number of research activities and funding and awareness campaigns in the field of veterinary health management is refueling the market growth.

Major Players in Companion Animal Pharmaceutical Market

The key factors in the global companion pharmaceutical market are Zoetis Inc. (US), Merck & Co., Inc. (US), Boehringer Ingelheim GmbH (Germany), Elanco Animal Health Incorporated (US), Ceva Santé Animale (France), Virbac (France), Vetoquinol S.A. (France), Dechra Pharmaceuticals plc (UK), Chanelle Pharma (Ireland), Kyoritsu Seiyaku (Japan), Zydus Animal Health and Investments Limited (India), Tianjin Ringpu Bio-Technology Co., Ltd. (China), HIPRA (Spain), Norbrook Holdings Limited (UK), Inovet (Belgium), Endovac Animal Health (US), ECO Animal Health Group plc (UK), Indian Immunologicals Ltd. (India), ALS Pvt. Ltd. (India), and Lutim Pharma Pvt. Ltd. (India).

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[tejalbele-2024]

Animal Vaccines Market to reach $15.20 Bn, Globally, by 2030 at 5.2% CAGR: Allied Market Research

Allied Market Research published a report, titled, "Animal Vaccines Market by Type (Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines, and DNA Vaccines) and Animal Type (Companion Animal, Livestock Animal, and Aquaculture): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global animal vaccines industry generated $9.09 billion in 2020, and is expected to reach $15.20 billion by 2030, growing at a CAGR of 5.2% from 2020 to 2030.

𝐅𝐨𝐫 𝐑𝐢𝐠𝐡𝐭 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/1988

𝐏𝐫𝐢𝐦𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐠𝐫𝐨𝐰𝐭𝐡

Growth in demand for pet insurance, rise in prevalence of animal diseases, surge in expenditure for animal health, and increase in ownership of companion animal drive the growth of the global animal vaccines market. However, highly competitive meat and milk prices and adverse impact of veterinary vaccines on human and animal health hinders the market growth. On the other hand, advancement in vaccine product and rise in demand for hybrid animal create new opportunities in coming years.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

The emergence of covid-19 affected the animal vaccine market negatively. The veterinary organizations across the globe have recommended limiting animal patient care to acutely ill animals and emergencies. The lockdown measures have led to rescheduling of annual checkup exams and elective vaccination procedures. The supply of animal vaccination witnessed disruptions to certain point. However, the manufacturers ensured proper supply of animal vaccinations. The attenuated vaccines segment to maintain its dominant position during the forecast period

Based on product, the attenuated vaccines a segment held the highest market share in 2020, accounting for nearly two-fifths of the global animal vaccines market, and is expected to maintain its dominant position during the forecast period. This is attributed to availability of advanced technology for specific mutations/deletions in genes of the virus. However, the DNA vaccines segment is estimated to witness the highest CAGR of 8.10% from 2020 to 2030, owing to increase in prevalence of animal diseases, and its easy manipulation as compared to traditional vaccines.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/animal-vaccines-market/purchase-options

𝐓𝐡𝐞 𝐥𝐢𝐯𝐞𝐬𝐭𝐨𝐜𝐤 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐛𝐲 𝟐𝟎𝟑𝟎

Based on animal type, the livestock animal segment accounted for nearly than two-thirds of the global animal vaccines market in 2020, and is projected to maintain its leadership status based on revenue by 2030. Increase in the prevalence of various infectious diseases among livestock animals and surge in awareness related to importance of immunization. However, the companion animal segment is expected to portray the highest CAGR of 5.50% from 2020 to 2030. The increase in awareness regarding medical illnesses & ailments of companion animals and growth in animal healthcare expenditure worldwide drive the growth of the segment.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on region, North America held the majority share in 2020, with nearly two-fifths of the total share of the global animal vaccines market, and will maintain its highest contribution throughout the forecast period. This is due to established veterinary organizational structures and concern amongst people to ensure animal health. However, Asia-Pacific is expected to maintain the highest CAGR of 5.90% during the forecast period, owing to increase in need of protection of livestock from mass wipeouts due to epidemics, especially in countries such as India.

𝐃𝐨 𝐘𝐨𝐮 𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲 𝐎𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭? 𝐀𝐬𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐞𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/1988

𝐓𝐨𝐩 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

▪️ Merck & Co., Inc. ▪️ Zoetis Inc. ▪️ Ceva Santé Animale ▪️ Sanofi S.A. ▪️ Romvac ▪️ Vaxxinova ▪️ Biovac ▪️ Merial ▪️ Boehringer Ingelheim GmbH ▪️ Anicon Labor GmbH

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 (U.S., Canada, Mexico) 𝗘𝘂𝗿𝗼𝗽𝗲 (Germany, France, UK, Italy, Spain, Rest of Europe) Asia-Pacific (Japan, China, India, Rest of Asia-Pacific) 𝗟𝗔𝗠𝗘𝗔 (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa Allied Market Research +1 5038946022 email us here Visit us on social media: Facebook Twitter LinkedIn

[aartichede08]

Veterinary Software Market Research, Industry Outlook, Size, Growth Factors, And Forecast 2028

Animal health, animal welfare and safety have been recognized worldwide as a major issues to protect the health of animal therefore computers have become essential tool for veterinarians to analyze animal health and vast amount of data on animal health.  The veterinary software is a fully integrated software designed mainly for small to medium sized practices as the software are introduced into clinic with minimal changes to practice procedures. These software assessment is an internal surveillance feature within cornerstone that automatically alerts to gaps or opportunities in patient care. These software helps to provide reception services, diagnostic services, clinical services, surgical and surgical management services. The software may be utilized to screen recent visit dates for patients, individual patient history, financially quantify missed opportunities and track services by the provider. Therefore growing focus on efficiency and safety is propelling the demand for veterinary software.

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VETERINARY SOFTWARE MARKET REPORT OUTLOOK

The driving factor for the growth of veterinary software market is growing product innovation and integration for better practice outcomes for providing better veterinary experience to the consumer and pet as these software proves to be useful for doctors, nurses or technicians to deliver treatments efficiently. Besides rising demand for pet insurance with growing animal health expenditure is fueling the growth of veterinary software market. Also, growing consolidation of the veterinary healthcare industry and number of the mergers in animal health have been undertaken to meet human health business objectives as population of small animal especially dogs and cats has at best increased in the last decade

COVID 19 IMPACT ON VETERINARY SOFTWARE MARKET REPORT

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the veterinary software market. In addition, complete analysis of changes on the veterinary software market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the veterinary software market was moderate as major consumers had safety concern for their pet health however disruption of supply chain and production were affected due to COVID-19

VETERINARY SOFTWARE MARKET SEGMENTAL OVERVIEW

The veterinary software market is segmented based on by product, by delivery mode, by practice type and geography

VETERINARY SOFTWARE MARKET BY PRODUCT

The veterinary software are available in different product types including veterinary practice management software and veterinary imaging software. Veterinary practice management software is projected to grow at highest rate as the software reduces the time spent by staff filling out records, enables detailed recording of owner and patient information with search feature. In addition pet history can be accessed instantly without the need for manually searching through old records and reminders can be set to warn about upcoming scheduled tasks like vaccination. Thereby veterinary practice management software reduces the possibilities of error and the overall cost of a veterinary healthcare facilities which has driven the market growth for veterinary software market

VETERINARY SOFTWARE MARKET BY DELIVERY MODE

Depending on delivery mode type veterinary software includes on-premise model, web-based/cloud-based model. On-premise model leads in the global veterinary software owing to additional advantages provided for on-premise delivery model such as low risk of data breach, flexible connection bandwidth, and the availability of easy customization options. Whereas Web-based /Cloud based model is anticipated  to highest rate due to ease of access with proper IT infrastructure used to increasing productivity and generating more profits for the organization. In addition user can get remote access to health information and solutions which helps in reducing threat of information misuse

VETERINARY SOFTWARE MARKET BY PRACTICE TYPE

The veterinary software had its practice type like exclusive small animal practices, mixed animal practices, exclusive large animal practices. Mixed Animal Practices is further bifurcated to predominantly small animal practices, predominantly large animal practices and  exclusive large animal practices is further sub segmented to exclusive equine practices and exclusive bovine practices. Small animal practices is expected to have highest growth rate owing to increasing number of small pet owners and growing spending on pet care in different countries. As small animal practices has its major role for the diagnosis and treatment of sickness, disease and injury in companion animals like dogs, cats, rabbits and other small pets. In addition these software helps to support effective decision making for pet care as these software generates surveillance data to determine prevalence and static risk factors for disease and to examine treatments used for particular diseases from real time questionnaires within the veterinary consultation

VETERINARY SOFTWARE MARKET BY GEOGRAPHY

Geographically the global veterinary software market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)

North America is anticipated to witness the highest growth owing to increasing demand for quality pet care. In addition, growing awareness for veterinary software and increasing number of veterinarians as well as advanced healthcare IT infrastructure is the key factor for the growth of region. Moreover, easy availability of veterinary software & services and adoption of technology solutions for better diagnosis is further propelling the growth of region. On the other hand Europe market for veterinary software is projected to be the second largest market during the forecast period. As number of players are providing services in the region, which are involved in the development of veterinary software. Whereas Asia Pacific is estimated to have significant growth rate owing to increasing nuclear families preferring to have pets and  increasing investments in clinics and care facilities by vets, and increasing disposable income which is ultimately fueling the growth of veterinary software market .

VETERINARY SOFTWARE MARKET KEY PLAYER

The key players in veterinary software market are Animal Intelligence Software, Britton’s Wise Computer, Carestream Health, Clientrax, ezyVet Limited, Finnish Net Solutions, FirmCloud Corporation, Henry Schein, Hippo Manager Software, IDEXX Laboratories, OR Technology (OEHM UND Rehbein GmbH), Patterson Companies, Timeless Veterinary Systems, Vetter Software and VIA Information System among others.

VETERINARY SOFTWARE RECENT DEVELOPMENT

June 2020: MWI Animal Health UK had launched new technology-enabled solutions to support veterinary clinic’s virtual healthcare needs. The technology offerings will create seamless connectivity between practices and patients to help practices maintain the highest standards of care as both veterinary clinics and patients continue to adhere to social distancing measures in place to help slow the impact of the novel coronavirus (COVID-19).

December 2017: Henry Schein Acquires eVetPractice, A Cloud-Based Veterinary Clinic Practice Management Solutions Company. eVetPractice will join Henry Schein Veterinary Solutions (HSVS) to  become the newest addition to its expanding software portfolio.

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[researchvishal]

Veterinary Electrosurgery Market : Global Analysis, Size, Share, Growth, Trends & Forecast By 2032

The global veterinary electrosurgery market garnered a market value of USD 471.96 Million in 2021 and is expected to secure USD 505 Million by 2022. The market is expected to accumulate USD 993.41 Million by 2032 while expanding at a CAGR of 7% during the forecast period from 2022 to 2032. Growth of the market can be attributed to rise in demand for pet health insurance along with increasing adoption of pet animals.

The COVID-19 pandemic created several obstacles for the animal industry. This includes pet owners, animal health companies, veterinarians, and veterinary hospitals. Owing to stringent lockdown norms, limited operation of veterinary hospitals and clinics resulted in a decline of veterinary visits, thus impacting the market. But the industry responded well to the pandemic by deploying supportive measures to ensure access to veterinary care and other services.

Furthermore, development in veterinary surgery has always followed in the footsteps of human surgery. Innovative techniques of surgeries to make them less painful is driving the growth of the market. In addition, the proliferation of government administrations associated with animal healthcare and even distinct animal healthcare organizations will surge the demand for treatments across developing nations. These organizations focus on animals in sanctuaries and zoos. This, in turn, will boost the market growth.

On the contrary, the time taken for approvals for medication and instruments required for surgeries is derailing the progress of the market. In addition, the constant emergence of newer ailments amongst animals is a continuous challenge faced by the veterinary electrosurgery market.

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Key Takeaways from the Market Study

The veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.

By product, consumables and accessories segment is expected to register a CAGR of more than 15% for veterinary electrosurgery market during the forecast period.

By animal, small animals are expected to possess 65% market share for veterinary electrosurgery market during the forecast period.

By end use, veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.

By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.

U.S is projected to register a CAGR of 8% during the forecast period.

U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.

“Increasing investments in adopting pets along with government initiatives to maintain animal health is driving the growth of veterinary electrosurgery market,” comments an FMI analyst.

Competitive Landscape

Key players in the global veterinary electrosurgery companies include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:

In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.

Medtronic, a key player in the veterinary electrosurgery market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global veterinary electrosurgery market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables & Accessories), Animal Type (Small Animal, Large Animal), application (General Surgery, Dental Surgery, Gynecological & Urological Surgery, Orthopedic Surgery, Others), End Use (Veterinary Hospitals and Clinics, Others) & Region Forecast till 2032

Key Segments Covered in the Veterinary Electrosurgery Market

Veterinary Electrosurgery Market by Product:

Bipolar Veterinary Electrosurgery Instruments

Monopolar Veterinary Electrosurgery Instruments

Veterinary Electrosurgery Consumables & Accessories

Veterinary Electrosurgery Market by Animal Type:

Veterinary Electrosurgery for Small Animals

Veterinary Electrosurgery for Large Animals

Veterinary Electrosurgery Market by Application:

General Veterinary Electrosurgery

Dental Veterinary Electrosurgery

Gynecological & Urological Veterinary Electrosurgery

Orthopedic Veterinary Electrosurgery

Other Veterinary Electrosurgery Applications

Veterinary Electrosurgery Market by End Use:

Veterinary Electrosurgery across Veterinary Hospitals And Clinics

Veterinary Electrosurgery across Other End Users

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Companion Animal Medicine Market Size, Share, Trends And Forecast 2030

The global companion animal medicine market size is anticipated to reach USD 32.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.6% from 2021 to 2028. The key factors driving the market for companion animal medicine include the rising pet population, the prevalence of diseases, and the availability of pet insurance. In Canada for example, 58% of households owned at least one dog or cat in 2020, according to the Canadian Animal Health Institute (CAHI). CAHI also reported a surge in feline vet visits following the start of the COVID-19 outbreak in 2020.

The COVID-19 pandemic notably affected the market for companion animal medicine. The impact included dampened sales, supply chain challenges, operational hurdles, fall inpatient visits, and reduced demand. Elanco for instance reported a 20% decline in revenue during Q2 2020. The company’s companion animal segment, in particular, was adversely impacted by the fall in brands in international markets and those administered in the clinic e.g. vaccines. The company reported a recovery in sales during H2 2020. Vetoquinol on the other hand reported an increase in sales, driven by its essential portfolio including veterinary drugs in 2020 despite limited access to vet clinics and hospitals due to lockdown protocols. Boehringer Ingelheim too registered increased sales in the companion animal segment.

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With the rising number of pets across the globe, the trend of pet humanization has gained traction in several key markets. Pet parents are becoming increasingly aware of their pet’s health, treatment, and wellbeing. This has increased the adoption of pet insurance to reduce the financial risks for pet parents. Petplan- the largest pet insurance provider in the U.K. offers insurance policies for various species including dogs, cats, horses, small mammals, birds, reptiles, rabbits, and multi-pet owners. These policies provide coverage for physical and online consultations, prescription medicine, diagnostic tests, surgery, dental injury, cancer treatment, and more.

The rising prevalence of diseases in pets is another key driver expected to contribute to market growth. Parasitic infections from internal and external parasites for example, commonly affect pets. Antibiotics and topical therapies are often prescribed in the case of pyoderma. However, further testing and routine bathing with medicated shampoos may be prescribed in case of chronic or recurring pyoderma. Viv Silky Shampoo by Vivaldis for example is indicated for a range of fungal and bacterial infections including superficial and deep pyoderma.

Companion Animal Medicine Market Report Highlights

The market was valued at USD 15.8 billion in 2020 and is expected to expand at a CAGR of 9.6% during the forecast period

Growing R&D initiatives by major companies is estimated to be a key driver for the market

For instance, Dechra pharmaceuticals commercialized 15 products from its Le Vet R&D pipeline in 2019

Pet humanization is further contributing to increased expenditure on pets including pet medicines

According to APPA U.S. citizens spent about USD 31.4 billion on vet care and products in 2020. The category included expenditure on routine veterinary care, surgical procedures, and pharmaceuticals

The hospital pharmacy segment dominated the market by distribution channel in 2020. The factors contributing to the large share include higher patient footfalls at hospitals and the convenience of buying the necessary medications as soon as the pet is diagnosed

North America held the largest share of about 36% in 2020 owing to well-established veterinary healthcare facilities, rising pet expenditure, and humanization of pets

In Asia Pacific, the market is expected to grow at the fastest rate of over 10% due to the rising pet population and pet health awareness

Key Companies & Market Share Insights

The market is intensely competitive in nature with the presence of many small and large companies. Market players are involved in deploying several strategic initiatives such as R&D, collaborations, product launches, product diversification, expansion of distribution network, and regional expansion. Key players are also involved in mergers and acquisitions and other sales and marketing activities. In August 2021, Elanco for instance acquired Kindred Biosciences for approximately USD 444 million. This supported the company’s access to the dermatology market, complemented its product pipeline, and enhanced R&D capabilities in biologics and monoclonal antibodies. Some of the prominent players in the companion animal medicine market include: Merck & Co., Ceva, Vetoquinol S.A., Zoetis, Boehringer Ingelheim International GmbH, Elanco, Virbac, Bimeda, Norbrook, Calier

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/companion-animal-medicine-market-report

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Pet Insurance Market to Witness Excellent Revenue Growth, Emerging Trends and Forecast by 2027

Allied Market Research recently published a report, titled, "Pet Insurance Market by Policy Coverage (Accident Only, Accident and Illness, and Others), by Animal Type (Dogs, Cats, Others), by Sales Channel (Agency, Broker, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global pet insurance industry was accounting for $4.52 billion in 2020, and is expected to reach $16.81 billion by 2030, growing at a CAGR of 14.3% from 2021 to 2030.

Major determinants of the market growth

Rise in demand for pet insurance policies, increase in the number of veterinary centers, and surge in demand for financial safety in case of increasing uncertainties have boosted the growth of the global pet insurance market. However, high premium costs and lack of awareness about pet insurance policies hinder the market growth. On the contrary, government initiatives about pet insurance policies and the implementation of technologies in products and service lines are expected to open new opportunities for the market players in the coming years.

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Covid-19 scenario:

The Covid-19 pandemic negatively affected the pet insurance market due to the closure of diagnosis and veterinary centers due to lockdown regulations implemented by governments.

The insurance companies have been trying to innovate and modify the policy coverage and policies based on incidences of health conditions.

The accident only segment dominated the market growth

By policy coverage, the accident-only segment held the largest share in 2020, accounting for around four-fifths of the global pet insurance market, as pets such as dogs and cats have been infected with the Covid-19 virus. However, the accident & illness segment is expected to manifest the highest CAGR of 15.9% during the forecast period.

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The cats segment to manifest the highest CAGR through 2030

By animal type, the cats segment is projected to register the highest CAGR of 16.4% during the forecast period. However, the dogs segment held the largest share in 2020, contributing to more than four-fifths of the global pet insurance market, as dogs help people to stay well and spend less time getting over sickness and bugs.

Europe, followed by North America, held the largest share

By region, the global pet insurance market across Europe, followed by North America, held the largest share in 2020, accounting for nearly two-fifths of the market, due to shift in trend from pet owners to pet parents and rise in social acceptance of pets across the region. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 18.4% during the forecast period, owing to rise in pet adoption and surge in awareness about pet insurance in the region.

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Major market players

Embrace Pet Insurance Agency, LLC

Figo Pet Insurance LLC.

Hartville Group

Nationwide

Pet Assure Corp.

PetFirst

Ipet Insurance

Pets Best Insurance Services, LLC

Royal & Sun Alliance (RSA)

Trupanion

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Pet Insurance Market 2022 Major Factors That Can Increase the Worldwide Demand

The research report examines the Pet Insurance industry’s present state, as well as trends, expansions, market share, industry growth, and cost structure. This study offers detailed industry forecasts, high-growth-potential applications, technological perspectives, and another key Pet Insurance market indicators to assist you in making informed market management decisions. Customers will seek future growth patterns, creative approaches, and company revenue success in the global consumer survey. The research also includes precise demand forecasts for both regional and global Pet Insurance markets. In addition, market trends such as overall market size, industry dynamics, client use cases, and industry size by region are examined in this study. Quantitative marketability statistics, forecast analysis, and historical data are all included in this study.

The Global Pet Insurance Market Size is Projected to Reach a CAGR of 16.7% during 2022-2027.

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Top Leading Companies:

Petplan UK (Allianz), Nationwide, Trupanion, Petplan NorthAmerica(Allianz), Hartville Group, Pethealth, Petfirst, Embrace, Royal & Sun Alliance (RSA), Direct Line Group, Agria, Petsecure, PetSure, Anicom Holding, ipet Insurance, Japan Animal Club

This research report gives a quantitative and qualitative analysis of the global market for Pet Insurance’ allowing successful strategies to be developed to increase market growth and competitiveness. It’s looked at from both a primary and secondary standpoint, as well as important players in the room and sales estimates for the future Pet Insurance market.

Different product types include:

Lifetime Cover

Non-lifetime Cover

Accident-only

Other

Global Pet Insurance business has Several end-user applications such as:

Dog

Cat

Other

For the forecast period, the global Pet Insurance market report includes an in-depth analysis of revenue and current trends. The study identifies several possibilities as well as market trends and obstacles. The report contains industry characteristics, such as primary drivers, opportunities, constraints, and dangers, which are utilized to illustrate the impact of Pet Insurance market expansion.

Regional Pet Insurance Market (Regional Output, Demand & Forecast by Countries)

-North America (United States, Canada, Mexico)

-South America (Brazil, Argentina, Ecuador, Chile)

-Asia Pacific (China, Japan, India, Korea)

-Europe (Germany, UK, France, Italy)

-Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Explore Full Report with Detailed TOC Here:

Key Reasons to Purchase this Pet Insurance Market Report:

The study covers everything from Pet Insurance market worth to profit forecasts to market statistics, as well as the ongoing COVID-19 epidemic of growing competitive situations and manufacturers’ market approaches.

In this Pet Insurance market research devoted exclusively to selecting big suppliers, our analysts present a comprehensive examination of all of the main organizations’ financial statements, output capacity, and SWOT analysis.

The competitive environment part also includes a look at the leading suppliers’ key growth plans, retail revenues, and global Pet Insurance market ranking.

Key Points Covered in the Pet Insurance Market Report:

This research looks at sales and revenue in the past and in the future. Understanding the different divisions helps you to value a variety of factors that drive overall Pet Insurance market growth.

This research also looks at significant trends in the global market for Pet Insurance’ The study digs into the several elements that impact the growth of the global Account-Based Advertising Software industry.

Aside from the acceptance rate, the global Pet Insurance industry study depicts the whole amount of technological advancement made in recent years.

The company’s global sales generation is calculated and forecasted using top-down and bottom-up approaches.

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