Research Nester released a report titled “Companion Animal Health Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global companion animal health market in terms of market segmentation by animal type, products, end-user and region
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Companion Animal Health Market to Grow with a High CAGR
During 2021-2029; Increasing Adoption of Animals as a Pet to
Drive the Market Growth
Research Nester released a report titled “Companion Animal Health
Market: Global Demand Analysis & Opportunity Outlook 2029”
which delivers detailed overview of the global companion animal health
market in terms of market segmentation by animal type, products, end-user
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The companion animal health market is projected to grow with a high CAGR
during the forecast period, i.e., 2021-2029 on account of the increasing
advancements in the animal healthcare industry and the rising adoption of
animals as a pet. According to the 2019 report by Humane Society of the
United States, 84.9 million household across the United states owns a pet.
The market is segmented by animal type into dogs, cats, and others. Among
these segments, the dog segment is anticipated to hold the largest share by
the end of 2021 in the companion animal health market as a result of the
increasing development and product launches by the market players for dog
treatment and diagnosis.
On the basis of region, the market is segmented into North America, Europe,
Asia Pacific, Latin America, and the Middle East & Africa, out of which, the
Companion Animal Health market in the Asia Pacific is projected to grow at
the highest CAGR throughout the forecast period. Currently, the market in
North America holds the largest share. This can be attributed to the presence
of leading animal healthcare providers in the region, especially in the United
States, who are extensively involved in the research and development for
innovative companion animal health treatment and diagnosis processes.
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