Europe Companion Animal Health Care Industry Analysis, Size, Share and Forecast

Market-Research
Europe Companion Animal Health Care

The Europe Companion Animal Health Care Market was worth USD 3.31 Billion in 2016 and estimated to reach USD 4.48 Billion by the end of 2021 with a growing potential of 6.25 %. 

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Animals like Dogs, cats, birds, pleasure horses, guinea pigs, mice and more exotic species kept by humans for company, extrovert display, psychological support, amusement and all  the other functions that humans need to share with the animals of different species; companions who will not take emotional advantage of the person and will, for the most part, stay faithful. The companies are focusing more on the development of new drugs and vaccines for the exciting and newly diagnosed diseases. Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs.

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Europe Companion Animal health care market is mainly driven by incidence of zoonotic and food borne diseases will be a potential concern to the health of pet animals, Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition. The restraints that will hamper the growth of the market are restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs.

Market Segmentation:

1) Product                       

1.1 Feed Additives     

     1.2.1 Nutritional Feed Additives

     1.2.2 Medicinal Feed Additives

1.2 Pharmaceuticals  

1.3 Vaccines 

           1.5 Y-o-Y Growth Analysis, By Product

           1.6 Market Attractiveness Analysis, By Product              

           1.7 Market Share Analysis, By Product       

2)Based on Geography:

2.1 U.K

2.2 Germany

2.3 France

2.4 Italy

2.5 Spain.

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Major players in Europe Companion Animal Health Care market are 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.

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