The global canine arthritis treatment market is expected to weave a strong web of growth during the forecast period of 2019 to 2029.
The global canine arthritis treatment market is expected to weave a strong web of growth during the forecast period of 2019 to 2029. This growth is attributed to increased cases of arthritis in pets. Canine arthritis is a health issue found in pets. In this disease, animals such as dogs and cats experience inflammation in joints. If not treated on time, this disease generally affects to the joints including elbow, knee, hip, shoulder, and spinal cord of animals.
Global Canine Arthritis Treatment Market: Growth Dynamics
The global canine arthritis treatment market is growing on the back of various reasons. In recent years, the world is witnessing considerable growth in the cases of canine arthritis in dogs. Accidental injuries, failure in the bone development, and obesity are some of the key reasons for this health issue. Thus, increased number of dogs living with canine arthritis is stimulating the growth of the global canine arthritis treatment market.
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Growing awareness among major worldwide population toward the health of pets is working as a driver for the global canine arthritis treatment market. In recent years, there is increase in disease cases among dogs and cats globally. It includes reduced energy, allergies, arthritis, lower appetite, dysplasia, lameness, and behavioral anxieties in animals. This factor is highlighting the need for innovative drugs and therapies to eliminate the possibility of canine arthritis in animals. As A result, there is surge in the acceptance of the canine arthritis treatments. All these activities connote that the global canine arthritis treatment market will show remarkable growth in forthcoming years.
Global Canine Arthritis Treatment Market: Competitive Analysis
The canine arthritis treatment market is moderately fragmented in nature. With presence many active players, the competitive landscape of the market canine arthritis treatment is highly intense. Companies engaged in this market are pouring investments in research and development activities. Key aim of this shift is to offer new treatment options for end-users. This factor is fueling the growth of the global canine arthritis treatment market.
Several players in the canine arthritis treatment market are executing various strategies such as mergers and acquisitions. These moves are helping them to maintain their strong position in the market. A case in point here is recent announcement by Elanco Finalizes. The firm stated that it has completed the acquisition process of Aratana Therapeutics. This move by Elanco Finalizes is projected to help in strengthening its footprints in the global canine arthritis treatment market.
All these moves connote that the global canine arthritis treatment market will grow at rapid pace during the forecast period of 2019 to 2029.
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The list of important players in the global canine arthritis treatment market includes:
- Ceva Santé Animale
- Elanco (Eli Lily and Company)
- Norbrook Laboratories Limited
- Vetoquinol S.A.
- Aratana Therapeutics Inc.
Global Canine Arthritis Treatment Market: Regional Assessment
The global canine arthritis treatment market is spread across five key regions, namely, North America, South America, Europe, Asia Pacific, and Middle East and Africa. Of these regions, North America is one of the dominating regions in the market for canine arthritis treatment. The region is expected to continue this dominance during the forecast period of 2019 to 2027 owing to high consumption in countries such as the U.S. The American Pet Products Association highlights that the number of pets and spending on their health is higher in the U.S. This factor supports the growth of the canine arthritis treatment market in North America.
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