QYR Market Research Veterinary Products for Companion Animals market | Page 3

QYResearch
In the last several years, global market of Veterinary Products for
Companion Animals developed rapidly, with an average growth rate of
6.20%. In 2016, global Revenue of Veterinary Products for Companion
Animals is nearly 12.7 billion USD.
Companion animals (dogs, cats, and horses) have come to play an
important part in the lives of many people. Recent years have witnessed
a number of innovative new product launches which offer solutions to
new disease threats. These partly arise from the increased life
expectancy of animals such as dogs and cats, coupled with the raised
level of consumer expectations in terms of the care their pets should
receive. In this respect, there seems to be an almost direct translation
of the relevance of new human drug developments to animal usage.