The new report by Expert Market Research titled, 'Global Canine Arthritis Treatment Market Report and Forecast 2021-2026', gives an in-depth analysis of global canine arthritis treatment market, assessing the market based on its segments like treatment, route of administration, distribution channel, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 2 Billion
- Forecast CAGR (2021-2026): 5 %
- Forecast Market Size (2026): USD 2 .68 Billion
The global canine arthritis treatment market is primarily driven by the growing incidence of arthritis, especially osteoarthritis, in dogs. The increasing adoption of canines and increasing awareness about canine arthritis and its treatment are expected to push the growth of the canine arthritis treatment market. Additionally, factors such as obesity, lack of proper nutrition and exercise, and diabetes in pet canines is expected to push the growth further. Moreover, increasing research and development in veterinary sciences is also expected to aid the growth in the forecast period.
Industry Definition and Major Segments
Canine arthritis is a condition common to canines which causes inflammation of joints especially in knees, elbow, shoulder, hip. The factors such as increasing age, obesity are most common causes which results in the condition. The most prevalent form of arthritis is osteoarthritis.
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By treatment, the market is divided into:
- Non-Steroidal Anti-Inflammatory Medications (NSAIDs)
- Stem Cell Therapy
The market is divided based on route of administration into:
On the basis of distribution channel, the industry can be segmented into:
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Regionally, North America and Europe holds the largest share in global canine arthritis treatment market. This can be attributed to growing dog ownership and increasing incidences of canine arthritis. Meanwhile, Asia Pacific and Middle East and Africa are expected to witness a significant growth due to rising awareness about pet illness and increasing veterinarian hospitals and clinics. Additionally, the developing infrastructure, rising disposable incomes and increasing adoption of pets will push the growth forward in the forecast period.
Key Market Players
The major players in the market are Boehringer Ingelheim (Canada) Ltd., America Regent, Inc., Elanco Animal Health Incorporated, Zoetis Services LLC, American Regent, Inc. and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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