Global
Canine Arthritis Treatment Market: Overview
Canine arthritis is
a condition of pets that results in inflammation in joints and lead to a
substantial increase in the inflammation due to lack of proper treatment. It
commonly affects to the joints such as knee, elbow, shoulder, hip and spinal
cord. There are various causes of canine arthritis in dogs such as accidental
injuries, obesity, and failure in the bone development. Among all canine
arthritis, the osteoarthritis is most common. One of the five adult dogs is
suffering from osteoarthritis. This rising prevalence of the osteoarthritis is
creating demand for its novel drugs. This is the key factor fuelling the growth
of the global canine arthritis treatment market.
The report presents
an in-depth study of the global
canine arthritis treatment market which focuses on
market dynamics, segmentation, and competitive analysis. The report offers
useful guidelines to help key players and new entrants to hold a strong
position in the canine arthritis treatment market. The report is the analysis
and prediction of revenue mainly based on widespread primary and secondary
research methodologies.
Global
Canine Arthritis Treatment Market: Drivers and Restraints
According to the
American Pet Products Association, pet owners in the US spent more than US$7.4
bn, while pet owner in Europe spent near about US$6.1 bn on the vet care in
2017. This expenditure indicates the rising awareness about the health of the
pet among the pet owners. This high awareness is fuelling adoption of the
canine arthritis treatments and likely to propel the growth of the global
canine arthritis treatments market. Additionally, rising prevalence of the
diseases such as allergies, reduced energy, lower appetite, arthritis,
lameness, dysplasia, and behavioral anxieties among dogs and cats globally
increasing demand for the innovative therapies and drugs in order to withdraw
symptoms of canine arthritis. This has surged the adoption of the canine arthritis
treatments and likely to fuel the growth of the global canine arthritis
treatment market.
However, expensive
treatments and possible side effects of the treatments are expected to hamper
the growth of the global canine arthritis treatment market.
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Global
Canine Arthritis Treatment Market: Geographical Analysis
On the basis of
region, the canine arthritis treatment market could be segmented into North
America, South America, Europe, Asia Pacific, and the Middle East and Africa.
Of these regions, in terms of value, North America is expected to dominate the
global canine arthritis treatment market and continue its dominance over the
forecast period. This growth is attributable to the higher consumption from
countries like the US. According to the American Pet Products Association, the
number of pet and expenditure on their health is higher in the US. Thus, the
region is accounting for the higher revenue in the global canine arthritis
treatment market. However, Europe and the Asia Pacific are expected to grow
with higher CAGR over the forecast period. The factors such as growing
disposable income and raising awareness about the pet health are leading to
conduct higher growth in both the regions.
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Global
Canine Arthritis Treatment Market: Companies Mentioned
Some of the key
players operating in the canine arthritis treatment market are Elanco (Eli Lily
and Company), Ceva Santé Animale, Vetoquinol S.A., Norbrook Laboratories
Limited, and Aratana Therapeutics Inc. From past few years, numerous key
players have received approval for their new drugs or treatments, which is
inspiring other key players to invest in the research and development (R&D)
activities in order to develop the novel drugs and treatment on canine
arthritis.
The report offers a
comprehensive evaluation of the market. It does so via in-depth qualitative
insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and applications.
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