Pet Cancer Therapeutics Market Research Report - Forecast to 2029 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Pet Cancer Therapeutics Market

Industry / Sector Trends

Pet Cancer Therapeutics Market size was valued at USD 178.0 million in 2018 and is expected to witness approximately 10.8% CAGR from 2019 to 2025.

U.S. Pet Cancer Therapeutics Market Size, By Cancer Type, 2018 & 2025, (USD Million)

Increasing trend of pet adoption such as dogs and cats owing to improved economic status of people will drive market size. Furthermore, rising prevalence of pet cancer and growing pet healthcare expenditure will stimulate industry growth.

Growing R&D initiatives to treat pet cancer will result into launch of novel products in the market over the forecast years. Industry players with robust product pipelines will continue to expand the market share with their innovative treatments.

The adverse effects of pet cancer drugs and lack of awareness about pet diseases among the pet owners will restrain business growth. High cost of pet cancer therapeutics will further hamper pet health in most developing as well as under-developed countries across the world.

Market Segmentation, Outlook & Regional Insights: Pet Cancer Therapeutics Market

Pet Cancer Therapeutics Market, By Medicine Type

China Pet Cancer Therapeutics Market Size, By Medicine Type, 2018 (USD Million)

Chemotherapy drugs held the highest pet cancer therapeutics market share in 2018 and is expected to reach USD 211.0 million by 2025.  Launch of new drugs for treatment of various cancers is anticipated to augment pet cancer therapeutics market share over the forecast years.

Pet cancer vaccines are comparatively newer and lesser practiced medicine than chemotherapy; therefore, holds a relatively small market share. With more number of vaccines in pipeline the pet cancer therapeutics market share should at healthy CAGR of 13.4% over the forecast years.

Pet Cancer Therapeutics Market, By Species

Dog cancer therapeutics market held largest revenue share in 2018 and is forecasted to reach USD 343.9 million by 2025. Early inception and high number of marketed drugs and vaccines for dog cancer treatment will boost market growth. Over 80% of pet cancer pipeline drugs contains medication for dogs; therefore, dog cancer therapeutics market will grow with higher CAGR as compared to cats.

Low number of medicines for treatment of cancer in cats have resulted into a very low market share. However, with specialized cat cancer medicine in pipeline, the market is likely to grow at a considerable CAGR of 9.8% over the forecast years.

Pet Cancer Therapeutics Market, By Cancer Type

Pet cancer therapeutics for lymphoma market is expected to expand at 19.1% CAGR across the forecast timeframe. Lymphoma is the most common pet cancer type, especially in dogs. However, until the year 2016, there had been hardly any medicine available for dog cancer treatment. Many companies have robust drugs pipeline for lymphoma treatment which is anticipated to boost industry growth over the forecast years.

Mast cell cancer held largest pet cancer therapeutics market share and is expected to reach USD 137.5 million by 2025. High growth rate is due to availability of drugs for its treatment. However, shifting focus of companies from mast cell cancer to other cancer treatments may slower down the mast cell cancer therapeutics market growth over the forecast timeframe.

Pet cancer therapeutics Market, By Region

Europe Pet Cancer Therapeutics Market Size, By Country, 2025 (USD Million)

North America market accounted for more than 80% of the overall revenue share in 2018, owing to the regional presence of several established players. Early product adoption and advances in product development to address different pet cancers will drive industry growth.

India market is projected to witness over 12.7% CAGR over the forecast timeframe. Increasing awareness, availability of various pet caner medicine and increasing pet healthcare spending will drive the business growth.

Key Players, Recent Developments & Sector Viewpoints: Pet Cancer Therapeutics Market

Some of the notable industry players include Zoetis, Merial, Aratana Therapeutics, AB Science, Vetivax, VetDC, Regeneus and Karyopharms Verdinexor. The established players hold significant market share and have their presence in several regions. Moderate level of competition is seen among the companies as they have targeted different pet cancers with their unique product offering. New product launches, strategic mergers and acquisition, and geographic expansion are some of the strategies practiced to manifest competitive advantage.

Pet cancer therapeutics Industry Viewpoint

The Pet cancer therapeutics sector is a relatively new compared to other pet healthcare sectors. Over the past 8 years, it has evolved rapidly in terms of product development and coverage of broad pool of cancers that affect pet animals. The industry has been consistently dominated by established big pharmaceuticals companies. However, new specialised pet cancer therapeutics companies have been entering into the market in recent times

Key Insights Covered: Exhaustive Pet Cancer Therapeutics Market

1. Market size (sales, revenue and growth rate) of Pet Cancer Therapeutics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Pet Cancer Therapeutics industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Pet Cancer Therapeutics industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Pet Cancer Therapeutics industry.

Research Methodology: Pet Cancer Therapeutics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.