The Latin America Companion Animal Health Care Market was worth $ 1.53 Billion in 2016 and estimated to reach $ 2.06 Billion by the end of 2021 with a growing potential of 6.12 %.
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The Latin America Companion Animal Health Care Market was worth USD 1.53 Billion in 2016 and estimated to reach USD 2.06 Billion by the end of 2021 with a growing potential of 6.12 %.
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Pet (Companion Animal) means any dog or cat or any other domesticated animal maintained in or near the household of the owner or person who cares for such domesticated animal. Due to increasing number of disorders in pet/companions, the companies are focusing more on the research for the development of new drugs and vaccines.
Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs.
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The factors that are driving the Latin America Companion Animal Health Care Market are increasing incidence of zoonotic and food borne diseases, Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition. Restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs are the factors hampering the growth of the market.
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Latin America Companion Animal Health Care Market: Segmentation
- o Feed Additives
- Nutritional Feed Additives
- Medicinal Feed Additives
- o Pharmaceuticals
- o Vaccines
- o Y-o-Y Growth Analysis, By Product
- o Market Attractiveness Analysis, By Product
- o Market Share Analysis, By Product
Some of the key players in Latin America Companion Animal Health Care market are Pfizer Animal health Ltd, Merck & Co Inc., Sanofi Aventis Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Products Company, Bayer AG, Novartis animal Health Inc., Virbac SA, Ceva Sante Animale, Vetoquinol SA.
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