Latin America Companion Animal Health Care Market Worth 2.06 Billion USD by 2021
Latin America Companion Animal Health Care Market was worth $ 1.53 Billion in 2016 and estimated to reach $ 2.06 Billion by the end of 2021 with a growing potential of 6.12 %.
(EMAILWIRE.COM, December 20, 2017 ) The Latin America Companion Animal Health Care Market was worth $ 1.53 Billion in 2016 and estimated to reach $ 2.06 Billion by the end of 2021 with a growing potential of 6.12 %.
Pet (Companion Animal) means any dog or cat or any other domesticated animal maintained in or near the household of the owner or person who cares for such domesticated animal. Due to increasing number of disorders in pet/companions, the companies are focusing more on the research for the development of new drugs and vaccines. Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs.
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The factors that are driving the Latin America Companion Animal Health Care Market are increasing incidence of zoonotic and food borne diseases, Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition. Restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs are the factors hampering the growth of the market.
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Based on product type, the market is segmented into Feed additives, Pharmaceuticals, and vaccines. The feed additives segment is further segmented into Nutritional feed additives and Medicinal feed additives. Nutritional feed additives are given to animals for ensuring their growth. Nutritional feed additives include Proteins, minerals, amino acids, and vitamins. On the other hand, medicinal feed additives target particular types of diseases in companion animals. Medicinal feed additives include enzymes, probiotics, hormones, immune modulators, prebiotics, and feed acidifiers. Pharmaceutical products in the Companion animal healthcare market include ectoparasiticides, endectocides, antibiotics, anti-inflammatories, and medicines for curing reproductive problems. Based on Geography, the Latin America Companion Animal Health care market is analysed under various regions namely Brazil, Argentina and Mexico.
Some of the key players in Latin America Companion Animal Health Care market are Pfizer Animal health Ltd, Merck & Co Inc., Sanofi Aventis Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Products Company, Bayer AG, Novartis animal Health Inc., Virbac SA, Ceva Sante Animale, Vetoquinol SA.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Pet (Companion Animal) means any dog or cat or any other domesticated animal maintained in or near the household of the owner or person who cares for such domesticated animal. Due to increasing number of disorders in pet/companions, the companies are focusing more on the research for the development of new drugs and vaccines. Companion Animal healthcare market has seen some of the important mergers and acquisitions to attain expertise in developing new active pharmaceutical ingredients /drugs.
Browse Full Report @ https://www.marketdataforecast.com/market-reports/latin-america-companion-animal-health-care-market-1253/
The factors that are driving the Latin America Companion Animal Health Care Market are increasing incidence of zoonotic and food borne diseases, Increasing pet/companion ownership, growing health care concerns of pets, rising demand for improved nutrition. Restrictions by regulatory bodies have a negative impact on the sales of antibiotics, soaring costs and increasing regulations on animal testing have hindered a number of healthcare companies from manufacturing newly advanced drugs are the factors hampering the growth of the market.
Get Free Sample Report @ https://www.marketdataforecast.com/market-reports/latin-america-companion-animal-health-care-market-1253/request-sample
Based on product type, the market is segmented into Feed additives, Pharmaceuticals, and vaccines. The feed additives segment is further segmented into Nutritional feed additives and Medicinal feed additives. Nutritional feed additives are given to animals for ensuring their growth. Nutritional feed additives include Proteins, minerals, amino acids, and vitamins. On the other hand, medicinal feed additives target particular types of diseases in companion animals. Medicinal feed additives include enzymes, probiotics, hormones, immune modulators, prebiotics, and feed acidifiers. Pharmaceutical products in the Companion animal healthcare market include ectoparasiticides, endectocides, antibiotics, anti-inflammatories, and medicines for curing reproductive problems. Based on Geography, the Latin America Companion Animal Health care market is analysed under various regions namely Brazil, Argentina and Mexico.
Some of the key players in Latin America Companion Animal Health Care market are Pfizer Animal health Ltd, Merck & Co Inc., Sanofi Aventis Animal Health, Zoetis Inc., Boehringer Ingelheim GmbH, Elanco Products Company, Bayer AG, Novartis animal Health Inc., Virbac SA, Ceva Sante Animale, Vetoquinol SA.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results