Companion animals (dogs, cats, and horses) have come to play an important part in the lives of many people. Recent years have witnessed a number of innovative new product launches which offer solutions to new disease threats. These partly arise from the increased life expectancy of animals such as dogs and cats, coupled with the raised level of consumer expectations in terms of the care their pets should receive. In this respect, there seems to be an almost direct translation of the relevance of new human drug developments to animal usage.
In the last several years, global market of Veterinary Products for Companion Animals developed rapidly, with an average growth rate of 6.20%. In 2016, global Revenue of Veterinary Products for Companion Animals is nearly 12.7 billion USD.
Veterinary Products for Companion Animals is widely used for Dogs, Cats and other animals. The most proportion of Veterinary Products for Companion Animals is Dogs, and the consumption in 2016 is about 6698 M USD.
The industry is concentration, the key brand include Boehringer Ingelheim, Zoetis, ,Elanco Animal Health ,Bayer Animal Health, Merck Animal Health, Virbac, Dechra Veterinary Products, Ceva, Vetoquinol, Meiji, Ouro Fino Saude, Animalcare Group plc and Parnell.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Veterinary Products for Companion Animals Market Research Report 2018 report released by QYResearch provides a basic overview of the Veterinary Products for Companion Animals industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Veterinary Products for Companion Animals industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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