The cats segment is anticipated to witness exponential growth over the forecast period owing to significant rise in the ownership for cats and greater cost-efficiency compared to the adoption of dogs
Pharmaceuticals captured a substantial market share in 2018. Continuous advancements in drug formulations is projected to boost the uptake of these products in the forthcoming years
Diagnostics is expected to expand at an exponential CAGR over the forecast period owing to increasing zoonotic infections, which is likely to boost the need for the establishment of diagnostic laboratories and point-of-care testing
Hospital pharmacies accounted for a substantial share of the distribution channels segment in 2018. High procedural volume, resulting from frequent readmission of pets for treatment, has supported the segment growth
Veterinary hospitals and clinics accounted for the largest share of the companion animal health market owing to availability of a wide range of treatments diagnostic options.
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