Companion Animals Drug Market is anticipated to grow at a CAGR of 4.9% through 2025 Health Articles | January 23 Josh Morrissey Jets Jersey , 2016
Future Market Insights has announced the addition of the “Companion Animals Drug Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025" report to their offering.
Future Market Insights (FMI) delivers key insights on the global companion animals drug market in its upcoming outlook titled, “Companion Animals Drug Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025”. In terms of revenue Joel Armia Jets Jersey , the global companion animal drug market is projected to register a healthy CAGR of 4.9% over the forecast period owing to various factors, which FMI analysis highlights and offers detailed insights and forecasts.
The market is segmented based on product type, distribution channels and regions. The overall market has been segmented broadly into eight product types such as antibiotics, anti-inflammatory drugs Connor Hellebuyck Jets Jersey , parasiticides (further sub-divided into ecto-parasiticides and endo-parasiticides), heartworm drugs, nutritional, behavioural and skincare drugs and vaccines. Parasiticides more frequently applied as a cure for flea and tick infestations Michael Hutchinson Jets Jersey , are estimated to account for maximum revenue share by product type in the global companion animal drug market by 2015 end. The parasiticide drug segment is expected to expand at a CAGR of 6.6% in terms of value during the forecast period. Other popular drugs used in companion animals include heartworm medicines and vaccines. The vaccines segment is expected to reach market value of US$ 1,760.4 Mn by 2025, expanding at a CAGR of ~3% over the forecast period.?
To provide deeper insight into drug dispensing and distribution channels Dustin Byfuglien Jets Jersey , the report has also been segmented by distribution channels such as veterinary hospitals, veterinary clinics and pharmacies and drug stores. It has been observed and validated that pet owners globally prefer consulting veterinary doctors at hospitals and clinics and administering prescription drugs to their small companion pets. However, a new trend of referring to the Internet to find out disease pathogenesis and buying over-the-counter (OTC) drugs from retail pharmacies and drug stores has been fast picking up.?
The primary trend in the companion animal drug market is an increase in pet adoption and humanization of pets globally. Other driving forces include increasing urbanization and grow
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