Companion Animal Health Market: Competitive and Regional Market Analysis till 2030



By Products (Therapeutics (Vaccines, Parasiticides, Anti-Infectives, Medicinal Feed Additives, and Other Therapeutics) and Diagnostics (Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, and Other Diagnostics)), By Animal Type (Dogs & Cats, Horses, and Other Companion Animals) - Trends, Analysis and Forecast till 2029

The Chinese companion health market is all about the care and pampering of pets. Rising popularity of pet ownership in China has made a huge mark in the last few decades. Also, the introduction of healthcare innovations converging with different therapeutic indications has grown in the last few years.
Rising popularity of pet ownership in China is the major driver for the target market growth in the country. In addition, introduction of healthcare innovations converging with different therapeutic indications has upsurge the target market growth in China. Furthermore, increasing awareness among the pet owners of their pet’s health and nutrition has augmented the target market growth in China. Moreover, pet owners are seeking veterinary services which has in turn, has created a growing demand for diversified forms of companion animal healthcare products. This factor has propelled the China’s target market. Additionally, various products of health diseases developed in animals have increased the demand for vaccines and diagnostic tests. This has fueled the country’s target market owing to the need to treat and cure the variety of diseases associated with the health of cats and dogs.
The China companion animal health market is segmented based on product and animal type. Based on product, the target market is segmented into therapeutics and diagnostics. Therapeutics is further segmented into vaccines, parasiticides, anti-infectives, medicinal feed additives, and other therapeutics. Whereas, diagnostics is sub segmented into immunodiagnostic tests, molecular diagnostics, diagnostic imaging, and other diagnostics. Based on animal type, the target market is segmented into dogs & cats, horses, and other companion animals.
Key players operating in the China companion animal health market includes Bayer AG, Elanco Animal Health, Merck & Co., Virbac, and Zoetis Inc. In July 2018, Merck & Co. got approval from the European Commission to market its Ebola vaccine.


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