- Global Pharma News & Resources

Companion Animal Drugs Market is Estimated to Grow by ~ 4% YOY in 2020, Primarily Influenced by Growing Adoption of Pets across the Globe

The companion animal drugs market is anticipated to grow at a CAGR of ~ 5% during the forecast period of 2019-2029. Growing affluence and rising urbanization level, particularly in developing nations, have been fueling pet adoption, thus directing towards an increased requirement for healthcare products for pets such as companion animal drugs. Incessant urbanization has additionally ensued in the growing occurrence of several ailments, for instance, lower appetite, allergies, behavioral anxieties and reduced energy amid small companion animals. This has been boosting the requirement for medicines innovative classes such as companion animal drugs

Increasing Urbanization and Growing Affluence in Developing Countries to Benefit the Market

Increasing urbanization level and growing affluence, especially in developing countries, have been driving the adoption of pets, thus leading to increased demand for healthcare products for pets such as companion animal drugs. Continued urbanization has also resulted in increasing prevalence of various diseases such as allergies, lower appetite, reduced energy and behavioral anxieties among small companion animals. This has been driving the demand for innovative classes of medicines such as companion animal drugs.

For more insights into the Market, Request a Sample of this Report@

A recent market study published by Future Market Insights on the companion animal drugs market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the companion animal drugs market, the growth prospects of the market are obtained with maximum precision.

Companion Animal Drugs Market: Segmentation

The global companion animal drugs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product Type

  • Antibiotics
  • Anti-inflammatory
  • Parasiticides
  • Heart Worm Products
  • Behavioral Products
  • Nutritional Products
  • Skin Care Products
  • Vaccines

Distribution channel

  • Veterinary Hospitals
  • Veterinary Clinics
  • Pharmacies and Drug Stores


  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Get Access to Research Methodology Prepared by Experts>>>

Key Factors Shaping the Companion Animal Drugs Market

  • Increasing Rate of Pet Obesity
  • Emergence of New Technologies, Especially in Biologics
  • Growing Prominence of Online Veterinary Pharmacies

Key players operating in the global companion animal specialty drugs market are Zoetis, Inc., Merck & Co., Inc., Bayer AG, Elanco (a division of Eli Lilly & Company), Boehringer Ingelheim Animal Health Gmbh, Ceva Sante Animale S.A., Aratana therapeutics, Merial (acquired by Boehringer Ingelheim), The J.M Smucker Company, Mars, and Beaphar.

Insights Covered in the Global Companion Animal Drugs Market Research Report:

  • Research report offers the impact analysis of COVID-19 pandemic on the global Companion Animal Drugs Market.
  • Information covering each region & countries will be listed, in order to categorize the issues caused by the corona virus disease on the industry.
  • Market sizing &forecasting and Y-o-Y growth rate estimation of different segments and sub-segments of the market.
  • Assessment of the global market and its valuations regarding the market growth at each level (Global, Region & Country) are included.
  • Market dynamics section offering leading growth factors, challenges, industry trends and opportunities for upcoming & prominent players in the market.
  • Providing detailed analysis of recent government policies & funding on new growth avenues in order to tackle the market barriers & threats.
  • Enlisting the strategies adopted by the major & leading market players in order to analyze how these strategies will help them to grow.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Electronic Tongue Market FMI’s report analyses segmentation on the basis of form, type, application and end-use etc. Market trends, economic factors are taken into consideration for a clear analysis.

Electronic Multichannel Pipettes Market Find insights on market trends, industry-validated data strategies, historical and forecast data estimations and geographical regions exhibiting promising growth

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Editor Details

Last Updated: 11-Feb-2021