Companion Animal Drugs Market Is Divided Into Categories Based On Animal Type, Such As Dogs, Cats, Horses, And Others

 

Companion Animal Drugs

The increase in the number of cardiac arrhythmia cases is expected to propel the global cardiac ablation catheter market forward. For example, the American Heart Association estimated in 2013 that atrial fibrillation affected 33.5 million people worldwide. Furthermore, the World Health Organization reported in 2012 that cardiovascular diseases accounted for approximately 37% of noncommunicable disease-related deaths worldwide. Furthermore, rising cases of cardiovascular diseases such as atrial flutter, atrial fibrillation, and supraventricular tachycardia, as well as declining heart muscle elasticity and output, as well as an ageing population, are expected to drive growth in the global cardiac ablation catheters market.

 

Parasiticides are expected to continue to be the most popular product, accounting for one-third of the Companion Animal Drug Market. Increased demand for proper pet care has resulted in a significant increase in the number of veterinary clinics, potentially increasing demand for companion animal drugs. The development of new veterinary vaccines and medications for pets is helping to drive the growth of the companion animal drugs market. Globally, the growing tendency to overfeed pets is leading to an increase in pet obesity. This has had a negative impact on the health of pets, making them more susceptible to disease, which is likely to fuel the demand for companion animal drugs.

 

The companion animal drugs market is expected to grow at a rapid pace during the forecast period, 2022-2030, owing to advancements in the animal healthcare industry and rising adoption of animals as pets. The market is divided into categories based on animal type, such as dogs, cats, horses, and others. The dog segment is expected to hold the largest share of the companion animal drugs market by the end of 2021, owing to increased development and product launches by market players for dog treatment and diagnosis.

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