Global Specialty Pet Medicines Market Growth Analysis in Pharmaceutical Industry

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The growth in the specialty pet drugs market share by the vaccines segment has been significant.

The United States is a key market for specialty pet drugs in North America. 39% of market growth will come from North America during the forecast period. North America has registered a significant growth rate and is expected to offer several growth opportunities for the market vendors during the forecast period. Growing awareness of disease prevention and pet insurance will facilitate the growth of the specialty pet drug market in North America over the forecast period.

Specialty Pet Medicines Market: Key Growth Drivers

The following factors are expected to drive the market growth during the forecast period:

  • Increased humanization of pets
  • Awareness of disease prevention and pet insurance
  • Growing Aging Pet Population

Moreover, the current trend of improving product offerings is expected to positively impact the growth of the Specialty Pet Medicines market during the period 2021-2025.

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Specialty Pet Medicines Market: Offerings from Major Suppliers

Bayer AG

Bayer AG operates in the following segments: Pharmaceuticals, Plant Science and Consumer Health. The company offers veterinary drugs.

Boehringer Ingelheim International GmbH

Boehringer Ingelheim International GmbH operates under several segments: human pharmaceuticals, animal health, biopharmaceuticals and others. The company offers products for animal health.

Ceva Animal Health

Ceva Santé Animale operates under the Companion Animals, Cattle, Poultry, Small Ruminants and Pigs segments. The company offers specialty medicines for pets.

Reasons for Buying Specialty Pet Medicines Market Report:

  • Market CAGR during the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the Specialty Pet Medicines Market over the next five years
  • Estimated Specialty Pet Drugs Market Size and Its Contribution to Parent Market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the specialty pet drug market through North America, Europe, Asia, and RANK
  • Market competitive landscape analysis and detailed supplier information
  • Complete details on the factors that will challenge the growth of Specialty Pet Medicines Market vendors

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Animal health market in North America: Technavio market research analyst predicts that the global animal health market is expected to grow at a CAGR of 4% during the forecast period.
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Global Animal Antimicrobials and Antibiotics Market: Technavio analysts predict that the global animal antimicrobials and antibiotics market is expected to grow at a CAGR of 5.25% during the forecast period.
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