Pet Cancer Therapeutics Market Revenue & Regional Analysis Forecast to 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-16
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Pet Cancer Therapeutics Market Revenue & Regional Analysis Forecast to 2025

The pet cancer therapeutics market is likely to witness sizable revenue growth on account of rising consumer spending on pet healthcare. People are becoming more considerate about their pet’s health, and are spending generously on the best available animal therapeutics. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), on an average, American pet owners spend almost USD 160 on cat’s health and USD 235 per year on dog’s health.

Growing number of pet owners and a surge in number of pets suffering from cancer could broaden the business outlook for pet cancer therapeutic developers. As more people seek for companionship across developed countries, pet adoption could rise at an incremental rate over the years. Apparently, a 2% rise in pet ownership is observed every year.

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Chemotherapy drugs have gained prominence as one of the most effective pet cancer treatments in veterinary oncology. The goal of chemotherapy treatment in animals is to eliminate or control cancer while still offering a high quality of life to pets. This therapy can be used as a primary treatment or in combination with other treatments like radiation therapy and surgery for particular cancer types such as lymphoma. In fact, the lymphoma segment is expected to record 19.1% CAGR through 2020-2025.

The United Kingdom is expected to offer lucrative growth opportunities to the pet cancer therapeutics market owing to the increasing pet population. Credible sources cite that around 50% of the adult population in the United Kingdom owns a pet. In fact, around 26% of the UK adult population has a dog with a projected population of 9.9 million pet dogs.

Considering the competitive landscape, it is important to mention that companies operating in the pet cancer therapeutics market are undertaking several inorganic and organic strategies such as mergers, acquisitions to tap maximum market share. For instance, last year, Aratana Therapeutics, a pet therapeutics firm focused on developing innovative therapeutics for dogs and cats, inked a merger agreement with Elanco Animal Health. Aratana’s strong position in the pet therapeutics market specialty market will help Elanco to expand their product portfolio.

Notably, companies including Aratana Therapeutics, AB Science, Zoetis, Merial, Karyopharms Verdinexor, Vetivax, VetDC, and Regeneus have been at the forefront of the global pet cancer therapeutics industry.  

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Partial Chapter of the Table of Content

Chapter 4. Pet Cancer Therapeutics Market, By Medicine Type

4.1. Key segment trends

4.2. Chemotherapy drugs

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Vaccines

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Pet Cancer Therapeutics Market, By Species

5.1. Key segment trends

5.2. Dogs

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Cats

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 6. Pet Cancer Therapeutics Market, By Cancer Type

6.1. Key segment trends

6.2. Lymphoma

6.2.1. Market size, by region, 2014 – 2025 (USD Million)

6.3. Mast cell cancer

6.3.1. Market size, by region, 2014 – 2025 (USD Million)

6.4. Melanoma

6.4.1. Market size, by region, 2014 – 2025 (USD Million)

6.5. Mammary and Squamous Cell Cancer

 

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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