Companion Animal Arthritis Market size was valued at USD 2.9 Billion in 2022 and the total Companion Animal Arthritis Market is expected to grow at a CAGR of 7% from 2023 to 2029, reaching nearly USD 5.5 Billion.
Companion Animal Arthritis Market Overview:
The Companion Animal Arthritis Market Report examines the current market analysis of the current and future market scenario, and provide insights and updates on the important sectors (2022-2029). The Companion Animal Arthritis Market Research Report covers a comprehensive analysis of micro and macro market factors, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivalries of the Companion Animal Arthritis market.
Companion Animal Arthritis Market Scope
The market drivers, constraints, opportunities, and barriers are all in-depthly examined in the Companion Animal Arthritis Market report. The Companion Animal Arthritis Market trends, market structure, market dynamics, and industry regional analysis are all covered in the report. The analysis of recent developments and R&D work carried out by the key players who are fueling the Companion Animal Arthritis market’s growth is included in the reports.
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The research study examines the Companion Animal Arthritis market in great detail and segments it into various industries. The study examines regional market actors as well as market outcomes in the target market. In this study, the regions and nations of North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are assessed. To identify regional market trends, constraints, and potential opportunities, regional markets are thoroughly investigated.
Companion Animal Arthritis Market Segment Analysis:
Based on animal type, the market is segmented into dogs, cats and others. In 2021, the global market for pets was dominated by dogs with a share of over 60%, due to their high disease prevalence and rising adoption rates. The increasing dog population in every region is further fuelling market growth, with 45% of American households owning dogs in 2020 and nearly 88 million European households owning pets. The COVID-19 pandemic has also driven people worldwide to adopt companion animals for psychological comfort.
Based on Arthritis type the market is segmented into Osteoarthritis, Rheumatoid Arthritis and others. In 2022, the Companion Animal Arthritis market was dominated by the osteoarthritis segment, which having a revenue share of over 75.0%. This was due to the high number of companion animals diagnosed with osteoarthritis. According to the American College of Veterinary Surgeons, around 25% of dogs in the United States are prone to developing osteoarthritis.
Key Players :
• Dechra Pharmaceuticals plc,
• Vetoquinol Animal Health Pvt Ltd,
• Phibro Animal Health Corp
• Boehringer Ingelheim GmbH,
• Bayer AG,
• Ceva Sante Animale
• Abbott Laboratories
• Qiagen N.V.
• Becton, Dickinson and Company
• Quest Diagnostics, Inc.
• Hologic, Inc.
• F. Hoffmann-La Roche
• Femasys, Inc.
• Arbor Vita Corporation
• NURX, Inc.
• Seegene, Inc.
• Thermo Fisher Scientific, Inc.
• bioMérieux SA
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Key Questions answered in the Companion Animal Arthritis Market Report are:
- What is Companion Animal Arthritis Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the market?
- Which region held the largest market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the market growth?
- Who are the key players of the market?
- Which company held the largest share in the market?
- What will be the CAGR of the market during the forecast period?
- What key trends are likely to emerge in the market in the coming years?
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