(Health-NewsWire.Net, July 27, 2017 ) According to the report Asia-Pacific Companion Animal Health Care Market, published by Market Data Forecast, the market is projected to reach USD 2.76 billion by 2021, at a CAGR of 6.3% from 2016 to 2021.
Companion animals are the domesticated animals whose emotional, physical, behavioural and social needs can be fulfilled by treating them as companions, or having a close regular relationship with humans in their homes. The companies are paying more attention on research and development of new drugs and vaccines for the prevention of newly diagnosed diseases. Companion Animal healthcare market has witnessed a lot of mergers and acquisitions to gain expertise in the development of new pharmaceutical ingredients.
Get a comprehensive overview of the Asia-Pacific Companion Animal Health Care Market: http://www.marketdataforecast.com/market-reports/asia-pacific-companion-animal-health-care-market-1252/
Asia-Pacific Companion Animal Health Care Market: Drivers & Restraints Major drivers propelling the growth of this market are the rising instances of zoonotic diseases and food poisoning, increasing domestication of animals as pets, growing concerns for health of pets and increasing demand for nutritious animal food. However, restrictions imposed by regulatory bodies, increasing costs and restrictions on clinical trials of animals have hampered a huge number of healthcare firms from producing advanced drugs in the animal healthcare sector.
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Asia-Pacific Companion Animal Health Care Market: Segmentation By Animals • Cats • Dogs By Product • Feed Additives o Medicine Feed Additives o Nutritional Feed Additives • Vaccines • Pharmaceuticals
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Asia-Pacific Companion Animal Health Care Market: Overview As already stated, majority of the market’s growth is likely to come from the increasing awareness about animal healthcare. This market shows evident growth potential during the forecast period. The Nutrition feed additives include vitamins, amino acids and minerals while medical feed additives include probiotics, hormones, immune-modulators, prebiotics and enzymes. The scope of Veterinary medicine is wide, covering various animal species.
Asia-Pacific Companion Animal Health Care Market: Region-wise Outlook On the basis of geography, the Asia-Pacific Companion Animal Health care market is analysed under various regions namely China, Japan, India and Australia. In developing countries of this region like India and China, technological advancements, growing population and increasing stability of the economy will prove as major drivers of the market.
Key Questions Answered • What is the current and future Asia-Pacific Companion Animal Health Care Market outlook? What trends are affecting the market? • What is the competitive landscape and market share of major players in the Asia-Pacific Companion Animal Health Care Market? • What are the key market segments that currently occupy the highest market share in Asia-pacific Companion Animal Healthcare Market? Which market segments are growing the fastest? • What challenges are restraining the growth of the Asia-Pacific Companion Animal Health Care Market? How will emerging technologies answer these challenges? • What is physician perception and market outlook of Asia-Pacific Companion Animal Health Care Market?
Asia-Pacific Companion Animal Health Care Market: Key Players Major players in the market include Pfizer Animal health Ltd, Merck & Co Inc., Sanofi Aventis Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Products Company, Bayer AG, Novartis animal Health Inc., Virbac SA, Ceva Sante Animale, Vetoquinol SA.
Reasons to buy Asia-Pacific Companion Animal Health Care Market Report: • Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering • Segment-level analysis on basis of animals and product along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
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