Veterinary Renal Disease Market Scope, Drivers And Overview By 2033

The veterinary renal disease global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

 

Veterinary Renal Disease Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

 

Market Size – The veterinary renal disease market size has grown strongly in recent years. It will grow from $14.55 billion in 2023 to $15.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the historic period can be attributed to growing disease awareness initiatives, the shift in consumer preferences towards natural and organic pet food, increasing pet ownership rates globally, regulatory changes in veterinary pharmaceuticals, and growing awareness about pet health and nutrition.

 

The veterinary renal disease market size is expected to see strong growth in the next few years. It will grow to $20.36 billion in 2028 at a compound annual growth rate (CAGR) of 7%.  The growth in the forecast period can be attributed to the emergence of personalized veterinary medicine, expansion of telemedicine and remote monitoring in veterinary care, rise in veterinary clinical trials and research, adoption of blockchain technology for supply chain transparency in veterinary products, and integration of artificial intelligence and machine learning in veterinary diagnostics. Major trends in the forecast period include increasing demand for veterinary teleconsultations, the surge in customized pet nutrition plans, the growth of wearable health monitoring devices for pets, the expansion of veterinary telemedicine platforms, and the adoption of precision medicine in veterinary oncology.

 

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Scope Of Veterinary Renal Disease Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

 

Veterinary Renal Disease Market Overview

Market Drivers -The increased pet ownership is expected to propel the growth of the veterinary renal disease market going forward. Veterinary renal disease refers to conditions affecting the kidneys in animals, leading to impaired kidney function and potentially resulting in symptoms such as increased thirst, frequent urination, loss of appetite, and weight loss. The increasing veterinary renal disease is driven by longer pet lifespans, exposure to environmental toxins, dietary factors, and genetic predispositions. Veterinary renal disease treatments for pets typically involve dietary management, medication, and fluid therapy to alleviate symptoms, slow disease progression, and improve quality of life. For instance, in October 2022, according to Cooper Pet Care, a Netherlands-based mobile pet care platform, there will be approximately 145 million pet animals in the European Union, which includes Norway and Switzerland. This marks a rise of 5 million compared to the count in 2021, which stood at around 140 million pets. This population includes about 66 million dogs and 79 million cats. Therefore, increasing pet ownership is driving the growth of the veterinary renal disease market.

 

Market Trends – Major companies operating in the veterinary renal disease market are focusing on developing technical advancements in treatment and diagnosis, such as novel diagnostic tests with the ability to detect kidney injury even when clinical signs may not be apparent. Diagnostic tests capable of detecting kidney injury with an aim to identify subtle changes in renal function or structure, facilitating early intervention to prevent progression to advanced stages of renal dysfunction. For instance, in June 2023, IDEXX Laboratories Inc., a US-based developer and manufacturer of veterinary products and services, launched the first veterinary diagnostic test for detecting kidney injury in cats and dogs. This test, known as the IDEXX Cystatin B Test, is designed to help veterinarians identify kidney injury before changes in kidney function become apparent, ultimately leading to better patient outcomes. The IDEXX Cystatin B Test will be integrated into test panels that assess renal health, providing valuable insights during an estimated two million patient visits annually.

 

The veterinary renal disease market covered in this report is segmented –

1) By Type: Diagnosis, Treatment

2) By Animal Type:  Canine, Feline, Bovine, Equine, Other Animal Types

3) By Indication: Renal Failure, Chronic Kidney Disease (CKD), Renal Cystitis, Kidney Stones, Nephritis, Other Indications

4) By Route of Administration: Injectable, Oral

5) By Distribution Channel: Pharmacies, Pet Specialty Stores, E-commerce, Other Distribution Channels

 

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Regional Insights – North America was the largest region in the veterinary renal disease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary renal disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

 

Key Companies – Major companies operating in the veterinary renal disease market are Bayer HealthCare Animal Health Inc., Nestlé Purina PetCare Company, Zoetis Inc., Boehringer Ingelheim , Covetrus Inc., Elanco Animal Health Incorporated, Hill’s Pet Nutrition Inc. , IDEXX Laboratories Inc., Ceva Santé Animale S.A., Dechra Pharmaceuticals PLC, Neogen Corporation, Vetoquinol S.A., Norbrook Laboratories Limited, Nutramax Laboratories Veterinary Sciences Inc., Animalcare Group plc, Antech Diagnostics Inc., Kindred Biosciences Inc., Vedco Inc., MSD Animal Health, Clinical Renal Associates, Veterinary Transplant Services Inc., Kibow Biotech Inc., Northwest Renal Clinic

 

Table of Contents

1. Executive Summary
2. Veterinary Renal Disease Market Characteristics
3. Veterinary Renal Disease Market Trends And Strategies
4. Veterinary Renal Disease Market – Macro Economic Scenario
5. Global Veterinary Renal Disease Market Size and Growth

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34. Key Mergers And Acquisitions In The Veterinary Renal Disease Market
35. Veterinary Renal Disease Market Future Outlook and Potential Analysis
36. Appendix

 

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