7 October 2019 - The Global Companion
Animal Care Market is expected to
display higher growth rate in the upcoming years. Rapid surge in companion
animal care market is credited to the rising awareness level among pet &
animal owners regarding their well-being. Most of the pet owners are treating
their pets as a family member due to their companionship, entertainment,
fitness and mental well-being. These factors have resulted in large spending by
owners on their animal companion to ensure safety and security, thereby
fostering market growth over the forecast period.
Growing
demand for animal care services is attributed the rapid advancement in wearable
technology for personal usage. Use of pet care devices allows owners to bond
with their pets and track daily activities of pets. In addition, increasing
adoption of pet care devices to enable activity tracking, monitoring heart and
respiratory rates. Pet care devices also helps user to understand the rest
patterns and eating habits of pets that allows owners to connect with their
pets.
Data
collected with the help of pet care systems enable users to understand food
intake of pets. This allows owners to analyze pet health and well-being. These
factors are predicted to fuel market demand for pet care systems over the
coming years. Pet care systems offer constant analysis and measurement of the
biomechanical and physiological factor alongside assessment of body movements
of pets. This allows owners to predict behavior of their pets and look out for
potential diseases.
The
companion animal care market is broadly categorized into four major segments
based on the application type such as identification & tracking, behavior
monitoring & control, facilitation, safety & security and medical
diagnosis & treatment. The identification & tracking segment is growing
rapidly in the market with substantial revenue generation in the last few
years.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in implementation of latest technologies for animal care, surge in
number of research & development activities in the region and existence of
well-established industrial infrastructure.
Asia-Pacific
region is estimated to hold major share in the companion animal care market
with massive growth in forecast period. Countries such as India, China and
Singapore are leading the Asia-Pacific market with growing awareness towards
pet health and fitness, increasing number of pet owners, rising disposable
income, favorable government initiatives, and significant investment by leading
industry players considering potential growth opportunities in the region.
The
key players in the companion animal care market are Bayer HealthCare
Pharmaceuticals LLC, Boehringer Ingelheim Corp., Elanco, Merck & Co.,
Merial Ltd., Virbac Pvt., Ltd., and Zoetis, Inc.The key players in the
companion animal care market are Bayer HealthCare Pharmaceuticals LLC,
Boehringer Ingelheim Corp., Elanco, Merck & Co., Merial Ltd., Virbac Pvt.,
Ltd., and Zoetis, Inc.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Companion Animal Care in these regions, from
2012 to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•Middle
East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Companion Animal Care market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Snyder Manufacturing Inc
•
Luxury Cat Condos
•
Delton Pet Homes
•
Rosewood Pet Products Ltd
•
Countrywide Farmers PLC
•
Ancol Pet Products Ltd
•
Leonard F. Jollye Brookmans Parks Ltd
•
Ancol Pet Products Limited
•
J. M. Smucker (Big Heart Pet Brands)
•
Mars
•
Beaphar International
•
AnimalCare
•
Armitage Pet Care
•
Vetoquinol
•
CEVA Logistics
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