Cats and dogs, which are domesticated and typically kept in or close to the home of the owner or person caring for them, are the most common types of companion animals. Animals kept as pets or as companions do not include farm animals or grazing animals like sheep and cattle.
Any dog, cat, or other
domesticated animal owned by a person for companionship, security, hunting,
herding, or assistance with a physical disability is considered a companion
animal. However, any animal raised on a farm or ranch and used or intended for
use as food is not considered a companion animal.
Among other things, a
companion animal veterinarian administers medication to animals during
operations, to treat injuries, and to identify various illnesses.
When receiving long-term
treatment for a chronic ailment, Companion Animal Drugs Market experience stress and
are challenging for their owners to handle. Through the use of medicated food
supplements, these companion animal medications assist the growth and
development of pets and enhance the nutritional content of the diet.
The
Companion
Animal Drugs Market is expanding as a result of factors such as increased
zoonotic disease prevalence, rising availability and adoption of pet health
insurance, and growing public awareness of the therapeutic use of various
medications.
Globally, there is a
growing trend to overfeed pets, which contributes to their rising obesity. This
has had a negative effect on pets' health, making them more prone to illness,
which is anticipated to increase demand for medications for companion animals.
One of the main drivers
of Companion Animal
Drugs Market expansion is the rising adoption of pets
due to urbanization and the rise in the number of nuclear households. Expanding
animal health awareness and rising pet insurance demand, particularly in
developed nations, will support market growth. The need for companion animal
medications is being driven by the ongoing increase in the number of diseases
affecting animals. The global rise in zoonotic and food-borne diseases is
another factor contributing to the industrial boom.
Drugs for Companion
Animals: Global Market Analysis
Zoetis Inc., Merck &
Co., Inc., Bayer AG, Eli Lilly & Co., Sanofi (Merial), Ceva Santé Animal,
Virbac Animal Health, and Boehringer Ingelheim GmbH are significant market
participants in the companion animal medicine industry.
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