Companion Animal Specialty Drugs Market 2017-2027: COVID-19 Business Continuity Plan | Evolving Opportunities with Bayer AG and Boehringer Ingelheim International GmbH

(Markitwired via Comtex)

The companion animal speciality drugs market is expected to grow rapidly during the forecast period owing to the increasing research and development activities, leading to the development of new treatment drugs. Moreover, growing demand for compounded medications, is expected to increase the growth of companion animal speciality drugs.

Increasing urbanization and new product launches are major factors expected to boost market growth. The global companion animal speciality drugs market was valued at US$ 31,933.5 Mn in 2019.

"Increasing urbanization and growing affluence in emerging countries is projected to propel growth of the global companion animal speciality drugs market growth," Says an FMI Analyst.

For more insights into the Market, Request a Sample of this [email protected]

Key Takeaways of Companion animal speciality drugs Market Study

  • Based on product type, paracidicides contributed maximum value share in the global companion animal speciality drugs market in 2018, owing to its increasing adoption for the treatment of various animal diseases.
  • Based on distribution channel, veterinary clinics contributed around 50% of value share in the companion animal speciality drugs market, owing to increasing pet adoption and increasing awareness among the people regarding the animal diseases.
  • North America is expected to hold a share of more than 30% of the overall market share. Western Europe is expected to be most lucrative regions in the global companion animal speciality drugs market during forecast period.
  • Increasing value and adoption of pet animals, increasing obesity in pets are expected to drive growth of the companion animal speciality drugs market in the region.

Small Business Acquisition – Imperative Strategy for Market Players

Increasing strategic acquisition activities by key market players are the key factors responsible for intense competition among companion animal speciality drugs market players. Several companies are focusing on the development and approval of new products. For Example – In May 2016, the company received marketing approval from the European Medicines Agency (EMA) for Bravecto Spot-On Solution for cats and dogs, and in July 2016, the company received approval in the U.S. to market the product under the trade name bravecto topical.

For any Queries Linked with the Report, Ask an [email protected]

What else is in the report?

Future market insights offers a unique perspective and actionable insights on companion animal speciality drugs market in its latest study, presenting historical demand assessment from 2014 - 2018 and projections from 2019-2029 based on product type (Antibiotics, Anti-Inflammatory Drugs, Paraciticides, Heartworm, Behavioral Products, Nutritional Products, Anti-Obesity Drugs, Skin Care Products and Vaccines), distribution channel (Veterinary Hospitals, Veterinary Clinics and Pharmacies and Drug Stores) in seven key regions.

Explore Other Coverage on Future Market Insights

Incontinence skincare product market: The global incontinence skincare product market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market's competitive landscape.

Men skincare product market: The men skincare product market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

CBD skincare market: Future Market Insights gives a detailed segmentation on the global CBD skincare market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

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.


Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: [email protected]

For Media Enquiries: [email protected]



Press Release Source:

comtex tracking