Companion Animal Health Market Analysis

The market is segmented based on animal type into dogs, cats, and others, out of which, the dog segment is anticipated to grab the largest share by the end of 2021 on account of increased adoption of dog as a pet and rising investments by the pet owners for the betterment. Moreover, increasing government approval of new products globally is also projected to contribute to the growth of the segment during the forecast period.

On the basis of product, the therapeutic segment in the market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that there is an increase in the number of diseases associated with the animals. As a result, there is a growing demand for cure and treatment processes for the animals in the global market. 

 Based on end-user, the veterinary hospitals & clinics segment held the largest share in the global market on the back of growing concern and awareness for animal health.

Our in-depth analysis of the global market includes the following segments: