About Pet Medication
Pet is an animal kept primarily for a person's company or entertainment rather than as a working animal, livestock or a laboratory animal. Pet medications are used to manage, treat or cure the pet's medical conditions. Antibiotics, non-steroidal anti-inflammatories, opioid pain relievers, antiparasitics, chemotherapeutics and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zoetis Inc. (United States), Merck & Co., Inc. (United States), Merial (France), Elanco Animal Health (United States), Bayer (Germany), C.H. Boehringer Sohn AG & Ko. KG (Germany), Novartis (Switzerland), Virbac (France), Vetoquinol (France) and Nexvet (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kindred Biosciences (United States) and Entest Biomedical (United States).
Segmentation Overview
AMA Research has segmented the market of Global Pet Medication market by Type (Antibiotics, Antimicrobials, Antiparasitics and Chemotherapeutics), Application (Cat, Dog, Horse, Fish and Other) and Region.
On the basis of geography, the market of Pet Medication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Pet Medication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Awareness about Pet Health
Market Growth Drivers:
Increased Adoption of Pets and Rising number of Pet Physicians
Challenges:
Stringent Rules and Regulations
Restraints:
Side Effects of the Pets
Opportunities:
Growing Pet Pharmacies Worldwide and Growing Number of E-Pharmacies
Market Leaders and their expansionary development strategies
In November 2018, Zoetis Inc. and Abaxis, Inc. has announced a definitive merger agreement pursuant to which Zoetis will acquire Abaxis, a leader in the development, manufacture and marketing of diagnostic instruments for veterinary point-of-care services. The acquisition is expected to enhance Zoetis’ presence in veterinary diagnostics, a category of the animal health industry with approximately 10% compound annual growth over the last three years
Key Target Audience
Pet Medication Manufacturers, Raw Material Suppliers, Distributors, Research Professionals, Distributors and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.