Rheumatoid arthritis segment is expected to grow significantly during the forecast period. Rheumatoid arthritis in dogs is a chronic condition that causes severe pain and inflammation in joints. Although it is less common than osteoarthritis, it still affects small cats and dogs significantly. Canine rheumatoid factor immunologic tests can diagnose rheumatoid arthritis in dogs in veterinary clinics or hospitals. Research studies have indicated that corticosteroids, cyclosporine, and NSAIDs are effective treatments for rheumatoid arthritis in companion animals.
Companion Animal Arthritis Market Overview:
The MMR’s Companion Animal Arthritis Market report provides a market overview, market structure, as well as preventative and pre-planned management strategies for survival in the industry. The report focuses on the factors which influences the Companion Animal Arthritis Market, such as gross margin, cost, market share, capacity utilization, and supply and demand in the industry. The Companion Animal Arthritis market report also estimates the future potential of the Companion Animal Arthritis market and possibility of upcoming opportunities in next few years during the forecast period.
Companion Animal Arthritis Market Scope
The report focuses on the major key drivers and restraints for key companies, as well a s the current competitive benchmarking and development prospects. The report consists of the comprehensive analysis of the key competition of the industry by analysing the key profiles with their product portfolios, financial performances, annual reports, revenue generated, marketing tactics and specific players regional presence in the industry.
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The data collected from many sources such as the paid and free databases, telephonic interviews, annual reports, government survey reports are all scrutinized by the MMR’s leading research team and experts of the market research and is represented scientifically in the forms of the graphs, pie charts and tables in simple understandable language for the user. The research tools such as SWOT analysis, PESTLE analysis and PORTER’s five forces are undertaken by the research team for analysing the qualitative and quantitative data.
Segmentation:
Based on animal type, the market is segmented into dogs, cats and others. In 2021, the global market for pets was dominated by dogs with a share of over 60%, due to their high disease prevalence and rising adoption rates. The increasing dog population in every region is further fuelling market growth, with 45% of American households owning dogs in 2020 and nearly 88 million European households owning pets. The COVID-19 pandemic has also driven people worldwide to adopt companion animals for psychological comfort.
Based on Arthritis type the market is segmented into Osteoarthritis, Rheumatoid Arthritis and others. In 2022, the Companion Animal Arthritis market was dominated by the osteoarthritis segment, which having a revenue share of over 75.0%. This was due to the high number of companion animals diagnosed with osteoarthritis. According to the American College of Veterinary Surgeons, around 25% of dogs in the United States are prone to developing osteoarthritis.
Key Players :
• Virbac,
• Dechra Pharmaceuticals plc,
• Vetoquinol Animal Health Pvt Ltd,
• Phibro Animal Health Corp
• Boehringer Ingelheim GmbH,
• Bayer AG,
• Ceva Sante Animale
• Abbott Laboratories
• Qiagen N.V.
• Becton, Dickinson and Company
• Quest Diagnostics, Inc.
• Hologic, Inc.
• F. Hoffmann-La Roche
• Femasys, Inc.
• Arbor Vita Corporation
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Regional Analysis:
The study delves into the Companion Animal Arthritis market in depth, segmenting it into regions. The regional analysis provide the specific market share by the specific market regions acquired by the key players. The government initiatives and subsidiaries for the Companion Animal Arthritis market are also covered for studying the potential impacts of it on the market. Each region's market is thoroughly researched, allowing for the discovery of regional market trends, constraints, and growth potential.
Key Questions answered in the Companion Animal Arthritis Market Report are:
- What is Companion Animal Arthritis Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the market?
- Which region held the largest market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the market growth?
- Who are the key players of the market?
- Which company held the largest share in the market?
- What will be the CAGR of the market during the forecast period?
- What key trends are likely to emerge in the market in the coming years?
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