#Pet Insurance Market COVID-19 Analysis Report

[industrynewsupdates]

A Comprehensive Guide to Medical Coveralls Procurement Intelligence

The global medical coveralls category is anticipated to grow at a CAGR of 7.4% from 2023 to 2030. The most important PPE in the world was the hooded disposable coveralls in 2020 - 2021. Due to the COVID-19 pandemic, there has been an increase in demand for disposable protective coveralls/apparel because of heightened awareness of self-protection. On a parent level, the PPE category is experiencing tremendous growth due to its industry-agnostic nature and varied applications. The growth of the category is being driven by emerging diseases, such as the September 2022 Ebola outbreak in Uganda and the SARS, new Omicron, and flu variants worldwide. This has increased the need for protection for frontline healthcare workers. All such factors are boosting the demand for medical coveralls globally.

Disposable protective coveralls can be categorized into various levels based on their strength of protection such as - Categories I (minimal risk), II (medium risk), and III (complex PPE). According to EU standards, the medical coveralls can be classified into different types - Type 1, 2, 3, 4, 5, and 6. The compliance requirements for types 1 to 4 include EN 14605 and EN 13982-1 for types 5 and 6. With advancements in technology, compliance requirements also play a key role. Over the years, medical coveralls have evolved from being basic garments into technologically advanced protective gear. As a result of technological advancements, coverall fabrics have also been designed to contain antimicrobial properties. Nanotechnology enabled the creation of nanoparticles embedded in coverall fibers for added protection. The latest medical coverall technology involves ‘smart’ coveralls with built-in sensors to monitor vital signs and alert healthcare professionals of any anomalies.

The medical coveralls category is highly fragmented. The top fifteen to twenty players account for a nominal share of the market. The major players in this category include raw-material suppliers, PPE divisions of major conglomerates, pure-play PPE/medical coveralls manufacturers, and wholesale and retail distributors. Within each segment again, the dynamics vary, which further reduces the bargaining power of suppliers. Manufacturers of coveralls are constantly trying to innovate by employing different types of materials. One instance is the use of SMS fabrics. These fabrics can withstand liquid while being available at competitive prices.

Order your copy of the Medical Coveralls Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The major cost components in the medical coveralls category include raw materials, equipment and machinery, labor, facilities and storage, packaging, freight and transportation, and others. Other costs can include testing and inspection, marketing, insurance, tax, overhead expenses, administrative expenses, etc. Medical coveralls are critical for healthcare workers to prevent and control infection. They are designed to provide out-and-out protection from any kind of exposure.  Hence the selection of the fabric or the raw material must be considered carefully. Synthetic fibers such as nylon 6,6, polyester (PET), polypropylene (PP), and polyethylene (PE) are some of the key fabrics considered to manufacture medical or PPE coveralls.

The majority of disposable coveralls are made of synthetic non-woven fabric, which is a single-use material. However, to improve the longevity and range of applications, woven cloth has witnessed some advancements in recent times. Raw materials form the largest cost component in this category. Factors such as the thickness and weight of the fabric, production or order quantity, single-layer or multi-layer structures, and the type of material chosen can further influence the total cost.

Polypropylene is also another cost-effective material that is widely used. In Q3 2023, PP prices in the North American region fluctuated a lot. The start of the third quarter witnessed a 1 - 2% drop in prices owing to a reduction in feedstock PP prices amid inflationary pressure. The continuous inflation forced consumers to reduce their consumption. As a result, demand remained low amid ample supply, which supported the decline. However, at the end of Q3 PP prices increased by 3 - 4% owing to a 5 - 6% rebound increase in feedstock PP prices and a positive demand from the automotive industry. In October 2023, PP prices in the EU region reached EUR 1,393 per MT. This was a 6% increase from September 2023.

In terms of sourcing intelligence, India, China, Malaysia, and Thailand are the most preferred countries to source medical coveralls. In 2022, China was the largest manufacturer of non-woven fabrics. The majority of medical coveralls use nonwoven fabrics. However, production in India has also ramped up steadily since the pandemic. The PPE industry in India has thrived due to low production costs, easy access to raw materials, and zero border restrictions for trade. India’s regulatory framework has significantly improved since 2021 in the PPE industry. It is common for most large end-user organizations to outsource the production of their medical coveralls.

When procuring medical coveralls, it is important to evaluate the suppliers based on product durability, quality, certifications, and protection parameters. Another key sourcing strategy is to ensure that the production process adheres to regulatory requirements and good manufacturing practices (GMP). For instance, the WHO states that the coveralls (or gowns) must meet AAMI-PB70 requirements. Other important regulatory bodies include the American National Standards Institute (ANSI) and the Association of the Advancement of Medical Instrumentation (AAMI). In the case of the raw material or fabrics used, the different standards include ISO 16604, EN 14126 Annex A, ISO 22611, ISO 22612, EN 16604 or ASTM D1238 for testing purposes, AAMI 4 level compliant coverall, etc.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Medical Waste Disposal Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Medical Writing Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Medical Coveralls Procurement Intelligence Report Scope

• Medical Coveralls Category Growth Rate: CAGR of 7.4% from 2023 to 2030

• Pricing Growth Outlook: 8% - 9% (Annually)

• Pricing Models: Volume-based and contract-based pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Production capacity, type of material (PP, PET, PE), material thickness, sterility, compliance and safety measures, certifications, testing, operational and functional capabilities, technology used, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key Companies 

• 3M

• Ansell

• Kimberly-Clark Worldwide, Inc.

• Cardinal Health

• O&M Halyard, Inc.

• Lakeland, Inc.

• Derekduck Industries Corp.

• Plasti Surge Industries

• Winner Medical Co., Ltd.

• DuPont de Nemours Inc.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[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.

More Reports:

 https://archivemarketresearch.com/reports/global-metal-casing-market-1957  https://archivemarketresearch.com/reports/anatomic-pathology-market-3060 Contact US : Craig Francis (PR & Marketing Manager) Archive Market Research Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 sales@advancemarketanalytics.com

[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

Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/866

[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

[twbcx]

Trends & influences of the Indian Pet Market – by Rakesh Shukla,  VOSD™ Corporation

Overview

The Indian pet market has experienced significant growth over the past five years, driven by increasing pet ownership, urbanization, rising disposable incomes, and changing social attitudes towards pets. This report provides a comprehensive analysis of the companion animal market in India, with particular focus on dogs, detailing the primary segments, market size, trends, key drivers, and influencing phenomena.

Market Segments

The Indian pet market can be divided into several primary segments:

Pet Food

Veterinary Care

Grooming and Accessories

Pet Pharmaceuticals

Pet Services

Pet Food

The pet food segment is the largest in the Indian pet market. According to the “Euromonitor International Report,” the pet food market in India was valued at approximately INR 2,500 crore in 2020, with an annual growth rate of around 13%. The segment includes dry food, wet food, and treats, with premium and specialized diets becoming increasingly popular.

Veterinary Care

The veterinary care segment includes routine check-ups, vaccinations, surgeries, and preventive care. The “IMARC Group Report” estimates this segment to be valued at INR 1,000 crore in 2021, with a growth rate of 10% per annum. The rise of pet insurance and digital veterinary services has also contributed to this growth.

Grooming and Accessories

This segment covers grooming products, toys, clothing, and accessories. It was valued at INR 800 crore in 2021, growing at an 11% annual rate according to the “TechSci Research Report”. Increased humanization of pets has driven demand for premium grooming products and accessories.

Pet Pharmaceuticals

Pet pharmaceuticals include medicines, supplements, and vaccines. The “Mordor Intelligence Report” indicates this market segment was valued at INR 700 crore in 2020 and is growing at a rate of 9% annually. Increasing awareness about pet health and wellness has spurred growth in this segment.

Pet Services

This segment includes boarding, training, pet sitting, and pet transportation. According to “Research and Markets,” the pet services market was valued at INR 500 crore in 2021, growing at a 12% annual rate. The increasing number of dual-income households has fueled demand for these services.

Market Size and Trends

The overall companion animal market in India, focusing on dogs, has shown robust growth. The total market size in 2021 was estimated to be INR 5,500 crore, with a compound annual growth rate (CAGR) of around 12% over the past five years.

Rising Premiumization: There is a noticeable trend towards premium products, especially in pet food and grooming segments. Owners are willing to spend more on high-quality, nutritious food and premium grooming products.

Increasing Pet Adoption: Adoption rates have surged, driven by greater awareness and changing societal norms. This has led to increased demand for veterinary services and pet pharmaceuticals.

Growth of E-commerce: Online platforms like Amazon, Flipkart, and specialized pet stores like Heads Up For Tails have seen significant growth, offering convenience and a wide range of products.

Digital Veterinary Services: Telehealth services for pets have become popular, especially during the COVID-19 pandemic, allowing for remote consultations and care.

Humanization of Pets: Pets are increasingly seen as family members, driving demand for higher quality food, better healthcare, and luxury accessories.

Key Drivers

Several key drivers have influenced the growth of the Indian pet market:

Rising Disposable Income: Higher disposable incomes have enabled more households to afford pets and spend on premium products and services.

Urbanization: Urban living conditions and smaller family units have contributed to increased pet adoption.

Awareness and Education: Greater awareness about pet health, nutrition, and wellness has led to higher spending on veterinary care and pharmaceuticals.

Social Media Influence: Pet owners are increasingly influenced by social media, leading to trends in pet fashion, grooming, and unique pet services.

COVID-19 Impact: The pandemic saw a rise in pet adoption as people sought companionship during lockdowns. It also accelerated the adoption of digital services and e-commerce for pet products.

Influencing Phenomena

Several phenomena have influenced the Indian pet market:

Regulatory Changes: Policies regarding pet importation, breeding standards, and veterinary practices have shaped the market dynamics.

Technological Advancements: Innovations in pet care products, telehealth, and e-commerce platforms have transformed how pet services are delivered and consumed.

Environmental Concerns: There is a growing trend towards sustainable and eco-friendly pet products as consumers become more environmentally conscious.

Cultural Shifts: Changing cultural attitudes towards pets as part of the family unit have driven market growth across all segments.

Conclusion

The Indian pet market, particularly for dogs, is poised for continued growth, driven by rising incomes, urbanization, and the increasing humanization of pets. With robust growth across all segments, from pet food to veterinary care and services, the market offers substantial opportunities for businesses and investors. The impact of digital transformation and changing consumer behavior will further shape the future of this dynamic market.

About the Author: Rakesh Shukla, a BTech & MBA, has spent 30 years creating many multimillion-dollar world-class software products & businesses. Rakesh manages a portfolio of successful startups –  in IT, PetTech, and RetailTech including VOSD™ Vet & Pet Corporation, TWBcx™, The Better Company™ & inStore™ Retail. VOSD™ Corporation includes Vet2Trade™, VOSD AI™, VOSD Advance Vet Care™, and VOSD-on-Wheels™ which together fund VOSD Foundation™ — the world’s largest dog rescue.

[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

https://theprose.com/post/714399/europe-cloud-financial-close-solutions-market-statistics-2023-analysis-research-studyhttps://theprose.com/post/714401/usa-self-propelled-boom-lifts-market-trends-2023-updated-business-statisticshttps://theprose.com/post/714413/usa-cold-seal-packaging-market-analysis-outlooks-2023-size-cost-structurehttps://theprose.com/post/714415/europe-loader-attachments-market-2023-by-types-by-end-use-industrieshttps://theprose.com/post/714418/usa-pet-food-acidulants-market-2023-outlook-channels-analysis-2029https://theprose.com/post/714420/europe-spunbond-nonwovens-market-2029-is-thriving-by-focuses-on-statesticshttps://theprose.com/post/714422/europe-telco-customer-experience-management-market-2023-segment-top-players-driver-trendshttps://theprose.com/post/714424/europe-cesium-chloride-market-outlook-post-covid-19-scenario-by-2029https://theprose.com/post/714426/europe-sodium-tert-butoxide-market-production-growth-share-demand-2029https://theprose.com/post/714429/usa-tight-head-plastic-drum-2023-market-huge-growth-in-size-share-trendshttps://theprose.com/post/714432/europe-fire-retardant-cable-market-2023-2029-new-study-report-on-trendshttps://theprose.com/post/714434/usa-flux-cored-welding-wire-market-to-witness-significant-growth-by-2023-2029https://theprose.com/post/714438/europe-offshore-gas-pipeline-market-witness-huge-growth-between-2023-2029https://theprose.com/post/714440/usa-sic-discrete-device-market-2023-top-strategies-technological-innovationhttps://theprose.com/post/714442/europe-closed-top-plastic-drum-market-how-it-is-going-to-impact-on-industryhttps://theprose.com/post/714444/usa-application-performance-management-tools-market-statistics-2023-explained-effective-movementshttps://theprose.com/post/714475/europe-plating-bath-analysis-services-market-expecting-an-outstanding-growth-till-2029https://theprose.com/post/714481/usa-chemical-analysis-services-market-2023-trends-with-descriptive-analysishttps://theprose.com/post/714484/europe-forensic-engineering-services-market-statistics-2023-analysis-research-studyhttps://theprose.com/post/714486/usa-real-time-oscilloscopes-market-trends-2023-updated-business-statisticshttps://theprose.com/post/714489/usa-led-curtain-lights-market-analysis-outlooks-2023-size-cost-structurehttps://theprose.com/post/714493/europe-highly-flexible-cables-market-2023-by-types-by-end-use-industrieshttps://theprose.com/post/714496/usa-sound-barrier-resin-market-2023-outlook-channels-analysis-2029https://theprose.com/post/714499/europe-latex-binders-coatings-market-2029-is-thriving-by-focuses-on-statesticshttps://theprose.com/post/714501/europe-electronic-thermal-management-materials-market-2023-segment-top-players-driver-trendshttps://theprose.com/post/714503/europe-powder-coating-equipment-market-outlook-post-covid-19-scenario-by-2029https://theprose.com/post/714507/europe-hydrogenated-glucose-syrup-market-production-growth-share-demand-2029https://theprose.com/post/714512/usa-energy-insurance-2023-market-huge-growth-in-size-share-trendshttps://theprose.com/post/714515/europe-hepa-hvac-filter-market-2023-2029-new-study-report-on-trendshttps://theprose.com/post/714518/usa-personal-property-insurance-market-to-witness-significant-growth-by-2023-2029

[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

[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

[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.

Download report sample:https://www.globalinsightservices.com/request-sample/GIS10260/

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).

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Excel data pack included with all report purchases

Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC

16192, Coastal Highway, Lewes DE 19958

E-mail: info@globalinsightservices.com

Phone: +1–833–761–1700Website:https://www.globalinsightservices.com/

[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.

To know the scope of our report get a sample on https://www.axiommrc.com/request-for-sample/10413-veterinary-software-market-report

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.

Buy now Veterinary Software Market Report https://www.axiommrc.com/buy_now/10413-veterinary-software-market-report

About Us:

Axiom Market Research & Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc. 

Axiom Market Research & Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.

Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research & Consulting™ aims to become the preferred market research and data analytics company by providing key market intelligence solutions for client’s business growth.

Contact Us:

Axiom Market Research & Consulting™

3 Germay Dr. Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: sales@axiommrc.com

Website: https://www.axiommrc.com/

Blog: https://industrywatch24.com/

Follow On

LinkedIn: https://www.linkedin.com/company/axiom-market-research-and-consulting/

Twitter:  https://twitter.com/AxiommrcCom

[desaletushki]

Veterinary Hospitals Market Size, Share, Trends And Forecast 2030

The global veterinary hospitals market size is expected to reach USD 125.07 billion by 2030, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Boom in pet population is driving the market growth. As per the American Veterinary Medical Association, over the next 10 years, the number of dogs and cats in the U.S. is anticipated to increase substantially. The dog populace is likely to rise from 85 million in 2020 to over 100 million by 2030. While cat populace is likely to surge even more intensely, from 65 million to more than 82 million. This upsurge in the pet population will drive the market. Despite the difficulties and new ways of working formed by the COVID-19 pandemic, for numerous hospitals, client numbers are growing.

Free Sample Report: https://www.grandviewresearch.com/industry-analysis/veterinary-hospitals-market-report

In addition, veterinary practice activity in the U.S. has fluctuated, but in general, the demand remains high. According to the Veterinary Industry Tracker, revenue per practice was up 13.3% year-over-year (November 2020 to November 2021). Client visits were up 5.1% during the same period. In numerous households across the globe, pets are seen as a core member of the family. There is a growing trend of pet humanization, resulting in an increased average spend on pet healthcare. Thus, pet humanization is set to drive the sales of veterinary services. This trend will be led by the growing population of small animals along with economic growth in developing markets. Improvements in technology have advanced veterinary care.

Technology is becoming more affordable and more practices around the world can adopt MRI and CT scanners. Digital dental X-rays and innovative oral surgery instruments are allowing veterinarians to advance in oral care in companion animals. Constant developments further address health issues in pets not just within hospitals, but on an all-around basis for better care and prevention. Access to veterinary healthcare is relatively underprivileged in most developing countries and some developed nations. For instance, according to a survey conducted in 2020 by the Federation of Veterinarians of Europe, rural and remote areas of Ireland have a shortage of veterinarians. Similarly, England is also experiencing a shortage of veterinarians in rural areas. This may restrict the market growth to some extent.

Veterinary Hospitals Market Report Highlights

In terms of revenue, the medicine segment dominated the market in 2021. The high demand for animal products, such as chicken and milk, is encouraging farmers to adopt vaccinations for their animals to gain higher profitability

The surgery type segment is estimated to register lucrative CAGR over the forecast period due to the growing pet insurance & healthcare expenditure and rising cases of chronic diseases in pets

Companion animals dominated the animal type segment in 2021 due to the growing trend of pet humanization

The private sector segment led the market in 2021 due to the growing disposable income and willingness to pay premium prices for veterinary services among owners

Asia Pacific is expected to witness a lucrative CAGR over the forecast period owing to the increased vigilance about animal health and rapid urbanization

In February 2020, DCC (Dogs Cats & Companions) Animal Hospital announced the launch of a series of multi-specialty animal hospitals across India. These hospitals will be advanced and equipped with innovative infrastructure and medical expertise

Industry players are involved in strategic initiatives, such as business expansion, M&As, and geographic expansion to gain higher market shares

For instance, in June 2021, CVS Group announced the establishment of a new state-of-the-art specialist veterinary hospital in Bristol, which will open in 2022, with modern technology and treatments in all disciplines

Key Companies & Market Share Insights

The hospitals are constantly involved in strategic initiatives, such as regional expansion, mergers, acquisitions, and new service launches, to gain a higher market share. For instance, in February 2021, the CVS group announced the purchase of the Market Hall Vets, a first opinion practice functioning three locations across Carmarthenshire in southwest Wales. In May 2020, Greencross Vets introduced WebVet a 24/7 online consultation service. Thus, enhanced its service offering to Australia’s network of 1000 veterinary professionals. Some of the prominent players in the global veterinary hospitals market include: CVS Group PLC, Greencross Vets, Ethos Veterinary Health, Pets At Home Group PLC, Mars, Animal Hospital Inc., All Pets Animal Hospital, Cahaba Valley Animal Clinic, Blaine Central Veterinary Clinic, Belltowne Veterinary Center

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