The Companion Animal Arthritis by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s analysis of the Companion Animal Arthritis market, it has demonstrated robust growth in recent years, surging from $3.4 billion in 2023 to a projected $3.72 billion in 2024, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 9.7%. This expansion during the historical period can be ascribed to the escalating trend of pet ownership, advancements in veterinary medicine, and a heightened emphasis on awareness and education within the pet care domain.
Forecasts for the companion animal arthritis market anticipate an accelerated trajectory, poised to burgeon to $5.47 billion by 2028, with a projected CAGR of 10.1%. The anticipated growth in this period can be accredited to an aging pet population, pioneering developments in therapeutic interventions, the advent of customized nutrition, the integration of telemedicine in veterinary care, and the overarching trend of humanization in pet care.
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.
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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
Top 5 Major Players:
…..
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
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Companion Animal Arthritis Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Companion Animal Arthritis Market, Segmentation By Indication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Companion Animal Arthritis Market, Segmentation By Treatment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Zoetis Inc. Financial Performance
Table 76: Virbac S.A. Financial Performance
Table 77: Elanco Animal Health Incorporated Financial Performance
Table 78: C.H. Boehringer Sohn AG & Co. KG Financial Performance
Table 79: Ceva Santé Animale Financial Performance
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