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Pet Medication Industrial and Market studies - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

"Pet Medication Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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Pet Medication is a branch of medicine that deals with the prevention, diagnosis and treatment of disease, disorder and injury in pet animals. The U.S. pet medication market is majorly driven by changing socio economic and cultural factors that have led to domestic pets being regarded as member of family. This in turn increases pet owner’s spending from innovative and specialized premium product and grooming expenses to medication drugs. Moreover, with the increasing trend of nuclear family and increasing disposable income the ownership of pets among middle class family is growing exponentially.

The increasing number of pet owners and their growing concern towards pets, in turn is also expected to boost the U.S. pet medication market. However, the rising incident of pet allergy and increasing prices of pet medications products acts as restraining factor for the growth of pet care market. In addition, strict government regulations regarding pet ownership also hinders the growth of U.S. pet care market.
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The United States federal agency regulates the manufacturing and distribution of drugs and medications that are prescribed the veterinary animals. Veterinary prescription drugs are labeled for use only by or on the order of a licensed veterinarian. All veterinary prescription drugs must be properly labeled when dispensed. A complete label should include all the information set forth under the section on Basic Information for Records, Prescriptions, and Labels.

The U.S. pet market has been segmented on the basis of pet type, type of medication and type of disease. On the basis of pet type the market is categorized into canine care medications, feline care medications, fish care medications, bird care medications and others pets.


The canine care medication segment held the largest share in the U.S. pet medication market and is anticipated to experience a constant growth during the focus period. The rise in the number of canine owners and high spending on canine care, coupled with high adoption rate of canines for companionship and for security purpose is expected to further boost the demand for medications for canine care. The canine care medication market is followed by feline care medication market. On the basis of type of disease, the market can be segmented into parasite prevention and control (flea, tick, heartworm, etc.), cancer, pain management, behavioral health, diabetes, heart health, ear care and allergies.


The parasite prevention and control segment held the largest share during the forecast period. Parasite attacks and itching problems is the most common problem of the pet animals. Merial’s Frontline Plus and Nexgard are the market leaders for the parasite and control drug. On the type of medication, the U.S. pet medication market can be segmented into antibiotics, non-steroidal anti-inflammatories, opioid pain relievers, steroids, antiparasitics, behavior-modifying drugs and sedatives and chemotherapeutics.


The antiparasitic drugs held the largest share in this segment. These products are intended to prevent, repel or kill internal or external parasites such as intestinal worms, intestinal protozoans (Giardia, etc.), heartworms, fleas and ticks. Chemotherapeutics is anticipated to be the fastest growing segment in the U.S. pet medication market during the forecast period of 2015-2023.


Some of the major companies participating in the U.S. pet medications market include Bayer Animal Health, Boehringer Ingelheim Vetmedica, Ceva Sante Animale, Novartis Animal Health, Elanco, Merial, Merck Animal Health, Zoetis and others.
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.


-- The study is a source of reliable data on:
  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis


-- The regional analysis covers:
  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)


The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.


A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.


-- Highlights of the report:
  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
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