The Global Companion Animal Arthritis Market size is expected to reach $3.7 billion by 2028, rising at a market growth of 6.1% CAGR during the forecast period.
Osteoarthritis (OA) is a complicated disorder that involves joint deterioration and inflammation. The Greek words osteo, arthro, and itis are combined to form the word osteoarthritis. Osteo refers to bone, arthro means joint, while itis defines inflammation. Dogs with OA endure discomfort and inflammation in a number of joints, which makes it difficult for them to go about their daily lives. A comprehensive physical examination, palpation (using the fingers to localize and rate the level of pain), and further diagnostics such as x-rays or other imaging techniques are used to diagnose OA.
A slick material called cartilage serves as a divider or cushion between the bones within a joint. It makes it painless for the bones to move around or over one another. When a joint's cartilage suffers damage, arthritis develops. An arthritic joint eventually becomes painfully inflamed. In humans, there are about 100 different kinds of arthritis. Osteoarthritis, also referred to as a degenerative joint disease, is the most prevalent type in animals. Rheumatoid arthritis and septic arthritis, which are brought on by joint infection, are further forms. Animals that are older or middle-aged frequently get arthritis. However, these age groups are not the only ones affected by the ailment and younger animals can also contract it.
Changes in the animal's behavior, which are the main symptoms of the disease, frequently become obvious when arthritis eventually produces changes in the joint that result in discomfort. Due to the fact that arthritis frequently worsens with age, pet owners can misinterpret behavioral changes in their animals for age-related changes, such as a downturn in energy while in reality, the animal may be experiencing rather severe arthritis pain.
The COVID-19 has significantly affected the companion animal arthritis market. The lockdown declarations in several nations, as well as the corresponding limited access and closure of veterinary facilities, are primarily responsible for this detrimental impact. Due to the cancellation and reduction of veterinarian appointments, the pandemic has made it more difficult for pet owners to receive adequate veterinary treatment. Due to the instability of distribution routes, the major market players have encountered severe hurdles in maintaining the supply of veterinary products.
Animals can function professionally to promote health. Numerous studies found that having a dog around promotes human socialization. Courtroom or service dogs facilitate testimony from abuse victims who have been abused as children or adults by reducing their stress levels and sympathetic nervous system arousal. In a similar way, having pets can encourage kids to engage more in social activities while also fostering more empathy and self-esteem. Other assistance animals give their owners more freedom and provide similar advantages. Pets can improve the mental condition, the sense of security and comfort, and even an optimistic attitude in the life of a person.
Animal abuse is rapidly growing in concern as a global issue. Animal conservation is becoming more and more popular. Additionally, a sizable number of activities are being undertaken by numerous people and non-governmental groups. Additionally, a large number of organizations are being established to conserve animals. The World Animal Protection organization, for instance, is formed to regulate animal abuse. Many people are developing animal sensitivity as a result of this. People throughout the world are being inspired by these campaigns to help numerous households and stray animals.
The diffusion of animal arthritis is very rapid. Degenerative joint disease, also known as osteoarthritis, is the most prevalent type. Between bones, joints typically provide supple connections and protective padding. Osteoarthritis leads to bony growths inside the joint as well as fluid buildup and cartilage thinning in the joints. This may result in pain, degeneration of the joints, and decreased mobility over time. In order to treat this, a considerable number of drugs are being introduced to the market. However, these anti-inflammatory medicines have a number of side effects on the animal.
On the basis of Animal Type, the Companion Animal Arthritis Market is segmented into Dogs, Cats, and Others. In 2021, the cats segment garnered a significant revenue share of the companion animal arthritis market. The rapidly increasing growth of the segment is primarily owing to the growing awareness among pet parents of the symptoms of cat arthritis. Another element accelerating the segment's growth is the rising incidence of osteoarthritis in the cat population. Arthritis affects a considerable number of cats, regardless of age.
Based on the Indication, the Companion Animal Arthritis Market is bifurcated into Osteoarthritis and Other Arthritis. In 2021, the osteoarthritis segment procured the biggest revenue share of the companion animal arthritis market. This is due to the high number of companion animals who have osteoarthritis diagnoses. A very big number of dogs are at risk of developing osteoarthritis due to their alteration in eating habits of them. The clinical symptoms of this illness, which include despondency, weight loss, and the inability to jump or move aggressively, are also present in cats. Hence, the growth of the segment is surging.
By Treatment, the Companion Animal Arthritis Market is segregated into Medication, Supplements, and Other Treatment. In 2021, the other treatment segment recorded a substantial revenue share of the companion animal arthritis market. The quality of life for companion animals with arthritis is being considerably improved by additional treatments such as rehabilitation, lifestyle modification, and new drugs. When medication is unable to control the arthritis ailment in companion animals, surgical options are investigated. Joint replacement, joint fusion, or surgical excision of the damaged joint are the most frequent surgical treatments..
On the basis of Distribution Channel, the Companion Animal Arthritis Market is classified into Veterinary Hospitals & Clinics, Retail Pharmacies, Online Stores, and Others. In 2021. The retail pharmacies segment acquired a substantial revenue share of the companion animal arthritis market. The rising growth of the segment is attributed to the surge in the number of retail pharmacies all over the world. As the trend of adopting companion animals is increasing, various pharmacies are selling drugs for the treatment of animals. This factor is driving the growth of this segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 2.45 Billion |
| Market size forecast in 2028 | USD 3.7 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 6.1% from 2022 to 2028 |
| Number of Pages | 243 |
| Number of Tables | 440 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Indication, Treatment, Distribution Channel, Animal Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-Wise, the Companion Animal Arthritis Market is analyzed across North America, Europe, Asia-pacific, and LAMEA. In 2021, North America accounted for the largest revenue share of the companion animal arthritis market. This is a result of the major presence of key market players, the adoption of various tactics developed by major businesses to improve market penetration, the rising availability of treatment, the rising rates of diagnostics, the rising number of pets, and the rising cost of pet ownership.
Free Valuable Insights: Global Companion Animal Arthritis Market size to reach USD 3.7 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boehringer Ingelheim International GmbH, Dechra Pharmaceuticals PLC, Elanco Animal Health, Inc., Zoetis, Inc., Vetoquinol SA, Virbac, Ceva Santé Animale, Eltech K-Laser s.r.l., Norbrook Laboratories Limited, and NexGen Pharmaceuticals, LLC.
By Indication
By Distribution Channel
By Treatment
By Animal Type
By Geography
The Companion Animal Arthritis Market size is projected to reach USD 3.7 billion by 2028.
Rising Trend Of Pet Adoption are driving the market in coming years, however, Side Effects Of Medications Used To Treat The Disease restraints the growth of the market.
Boehringer Ingelheim International GmbH, Dechra Pharmaceuticals PLC, Elanco Animal Health, Inc., Zoetis, Inc., Vetoquinol SA, Virbac, Ceva Santé Animale, Eltech K-Laser s.r.l., Norbrook Laboratories Limited, and NexGen Pharmaceuticals, LLC.
The Veterinary Hospitals & Clinics segment acquired maximum revenue share in the Global Companion Animal Arthritis Market by Distribution Channel in 2021 thereby, achieving a market value of $1.5 billion by 2028.
The Dogs segment is leading the Global Companion Animal Arthritis Market by Animal Type in 2021 thereby, achieving a market value of $2.2 billion by 2028.
The North America market dominated the Global Companion Animal Arthritis Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.4 billion by 2028.
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