Global Companion Animal Health Care Market
According to the report " Companion Animal Health Care Market ", published by Market Data Forecast , the global market is projected to reach USD 17.20 Billion by 2021 , at a CAGR of 6.20 % from 2016 to 2021 .
Companion animals are the animals which serve man by giving companionship and guarding their houses or offices . Various types of diseases in animals and their transfer to humans via their product consumption and companionship are escalating the market globally .
Growing incidence of zoonotic and food borne diseases will be a potential concern to the health of pet animals . Increasing pet / companion ownership , growing health care concerns of pets , rising demand for improved nutrition , are the major factor driving the growth of the market . The factors that are hindering the growth of the market are 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 .
Global Market for Companion Animal Health Care is segmented based on Product type and region
1 . Based on Product type :
�
� �
Feed Additives a ) Nutritional feed additives b ) Medicinal feed additives Pharmaceuticals Vaccines
2 . Based on Geography
� � � � �
North America Europe Asia – Pacific Latin America Middle East & Africa
+ 1 888-702-9626 | www . marketdataforecast . com | contact @ marketdataforecast . com