The companion animal arthritis market size is expected to see rapid growth in the next few years. It will grow to $5.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to aging pet population, innovations in therapeutics, customized nutrition, telemedicine in veterinary care, humanization of pets. Major trends in the forecast period include biologics in veterinary medicine, digital health solutions, nutraceuticals and functional foods, collaborations and partnerships, pet insurance impact, consumer demand for natural and holistic therapies, data-driven veterinary care.
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Segmentation & Regional Insights
The companion animal arthritis market covered in this report is segmented –
1) By Type: Dogs, Cats, Other Types
2) By Indication: Osteoarthritis, Other Arthritis
3) By Treatment: Medication, Supplements, Other Treatments
4) By Distribution Channel: Veterinary Hospitals And Clinics, Retail Pharmacies, Online Stores, Other Distribution Channels
North America was the largest region in the companion animal arthritis market in 2023. The regions covered in the companion animal arthritis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising trend of pet adoption is expected to propel the growth of companion animal arthritis market. Pet adoption helps reduce stress, anxiety, depression, and so on. Pet adoption is a method of getting a dog, cat, and other exotic animals that their prior owners have given up to a shelter or rescue rather than getting one from a pet shop, breeder, or another individual. Pets face the risk of developing arthritis once they start getting into old age. For instance, according to a survey conducted by, The American Pet Products Association, a US-based not-for-profit industry association, approximately half of british homes with pets acquired at least one new animal while the country was in lockdown, while 11.3 million Americans acquired new pets during the pandemic. Additionally, in the survey, 16% of Generation Z respondents and 13% of millennials stated they had adopted a new pet during the pandemic. Therefore, the rising trend of pet adoption contributes significantly to the growth of the companion animal arthritis market.
Key Industry Players
Major companies operating in the companion animal arthritis market report are Zoetis Inc., Virbac S. A., Elanco Animal Health Incorporated, C. H. Boehringer Sohn AG & Co. KG, Ceva Santé Animale, Dechra Pharmaceuticals PLC, Vetoquinol S. A., Phibro Animal Health Corporation, NexGen Pharmaceuticals Inc., Norbrook Holdings Limited, Covetrus Inc., Bayer AG, Abbott Laboratories, Qiagen N. V., Becton Dickinson and Company, Quest Diagnostics Incorporated, Hologic Inc., F. Hoffmann-La Roche Ltd., Femasys Inc., Arbor Vita Corporation, VetStem Biopharma Inc., Aratana Therapeutics Inc., Kindred Biosciences Inc., Karyopharm Therapeutics Inc., Regeneus Ltd., VetCell Therapeutics, VetDC Inc., VetPharm Inc., VetStem, VetZ Limited, VetZoo
The companion animal arthritis market report table of contents includes:
1. Executive Summary
2. Companion Animal Arthritis Market Characteristics
3. Companion Animal Arthritis Market Trends And Strategies
4. Companion Animal Arthritis Market – Macro Economic Scenario
5. Global Companion Animal Arthritis Market Size and Growth
………………..
31. Global Companion Animal Arthritis Market Competitive Benchmarking
32. Global Companion Animal Arthritis Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Companion Animal Arthritis Market
34. Companion Animal Arthritis Market Future Outlook and Potential Analysis
35. Appendix
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