Global Canine Arthritis Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032
Global Canine Arthritis Market
The global canine arthritis treatment market stands at a
net worth of US$ 2.39 Bn in 2022. Worldwide demand for canine
arthritis treatment medications is predicted to rise at a CAGR
of 4.2% and attain a market valuation of US$ 3.05 Bn by
2028.
Canine arthritis is a degenerative joint disease that affects dogs
of all ages and breeds. It is a chronic condition that causes pain, stiffness,
and reduced mobility in dogs, and can significantly affect their quality of life.
The global market for canine arthritis treatment is expected to grow in the
coming years, driven by factors such as increasing pet ownership, growing
awareness about canine arthritis, and the development of new and innovative
treatments.
Currently, non-steroidal anti-inflammatory drugs (NSAIDs) are the
most commonly used treatment for canine arthritis. However, there are concerns
about their long-term safety and efficacy, leading to an increased interest in
alternative treatments such as nutraceuticals, stem cell therapy, and physical
therapy. These alternative treatments offer a more natural and holistic
approach to managing canine arthritis and can be used in combination with
NSAIDs to improve the overall effectiveness of treatment.
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The market for canine arthritis treatment is highly competitive,
with several major players operating in the industry. Some of the leading
companies in the market include Zoetis, Elanco Animal Health, Boehringer
Ingelheim, and Dechra Pharmaceuticals. These companies are investing in
research and development to develop new and innovative treatments for canine
arthritis, which is expected to drive growth in the market in the coming years.
In conclusion, the global market for canine arthritis treatment is
expected to grow in the coming years, driven by increasing pet ownership,
growing awareness about canine arthritis, and the development of new and
innovative treatments. While NSAIDs are currently the most commonly used
treatment, there is growing interest in alternative treatments such as
nutraceuticals, stem cell therapy, and physical therapy. The market is highly
competitive, with several major players investing in research and development
to develop new and innovative treatments for canine arthritis.
COVID Impact
The COVID-19 pandemic has had a mixed impact on the global canine
arthritis market. On one hand, the pandemic has led to a decline in pet
ownership, as people face financial difficulties and lifestyle changes. This
has resulted in a decrease in demand for veterinary healthcare services and
products, including canine arthritis treatments. Moreover, the pandemic has
disrupted the supply chains and distribution channels for these treatments,
leading to delays and shortages.
On the other hand, the pandemic has led to an increase in pet
adoption and ownership, as people seek companionship and emotional support
during the lockdowns and social distancing measures. This has resulted in an
increase in demand for veterinary healthcare services and products, including
canine arthritis treatments. Moreover, the pandemic has led to a greater focus
on pet healthcare and wellness, as people spend more time at home with their
pets and prioritize their health and wellbeing.
Overall, the impact of the COVID-19 pandemic on the global canine
arthritis market has been mixed, with both positive and negative effects. While
the pandemic has led to a decline in pet ownership and disrupted the supply
chains and distribution channels for canine arthritis treatments, it has also
led to an increase in pet adoption and ownership and a greater focus on pet
healthcare and wellness, which is expected to drive demand for these treatments
in the coming years.
Market Segmentation:
Based on treatment type, the market can be segmented into:
- Non-steroidal anti-inflammatory drugs
(NSAIDs)
- Nutraceuticals
- Stem cell therapy
- Physical therapy
- Others (including acupuncture, cold laser
therapy, and herbal remedies)
Based on the distribution channel, the market can be segmented
into:
- Veterinary hospitals and clinics
- Retail pharmacies and drug stores
- Online pharmacies
Key Player:
- Boehringer Ingelheim GmbH
- Elanco Animal Health
- Zoetis Inc.
- Bayer AG
- Dechra Pharmaceuticals PLC
- Vetoquinol S.A.
- Norbrook Laboratories Ltd.
- Aratana Therapeutics
- CEVA Santé Animale
- Virbac
Regional Analysis:
All the regional segmentation has been studied based on
recent and future trends, and the market is forecasted throughout the
prediction period. The countries covered in the regional analysis of the Global
Canine Arthritis market report are U.S., Canada, and Mexico in North America,
Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland,
Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia,
Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of
Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South
Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle
East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part
of South America.s
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• Qualitative and quantitative analysis of the market based on segmentation
involving both economic as well as non-economic factors.
- Provision of market value (USD Billion)
data for each segment and sub-segment.
- Indicates the region and segment that is
expected to witness the fastest growth as well as to dominate the market.
- Analysis by geography highlighting the
consumption of the product/service in the region as well as indicating the
factors that are affecting the market within each region.
- Competitive landscape which incorporates
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launches, partnerships, business expansions, and acquisitions in the past
five years of companies profiled.
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growth opportunities and drivers as well as challenges and restraints of
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Key Points:
- Define, describe and forecast Canine
arthritis market by type, application, end
user and region.
- Provide strategies for company to deal
with the impact of COVID-19.
- Provide enterprise external environment
analysis and PEST analysis.
- Provide market dynamic analysis,
including market driving factors, market development constraints.
- Provide market entry strategy analysis
for new players or players who are ready to enter the market, including
market segment definition, client analysis, distribution model, product
messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis
for new players or players who are ready to enter the market, including
market segment definition, client analysis, distribution model, product
messaging and positioning, and price strategy.
- Provide market entry strategy analysis
for new players or players who are ready to enter the market, including
market segment definition, client analysis, distribution model, product
messaging and positioning, and price strategy analysis.
- Keep up with international market trends
and provide analysis of the impact of the COVID-19 epidemic on major
regions of the world.
- Analyze the market opportunities of
stakeholders and provide market leaders with details of the competitive
landscape.
Frequently Asked Questions
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