The global landscape of canine health is witnessing a transformative shift as the canine arthritis treatment industry sets its course to surpass a net worth of US$ 3.05 billion by 2028, marking a momentous growth trajectory from its 2022 value of US$ 2.39 billion. This surge, projected at a Compound Annual Growth Rate (CAGR) of 4.2%, illuminates the pressing need for innovative pharmaceuticals and therapies to address the rising prevalence of canine arthritis.
Canine arthritis, a degenerative joint disease plaguing our beloved furry companions, stems from a myriad of causes, including frequent rubbing, cartilage degradation, and long-term joint issues. Commonly impacting joints such as knees, elbows, shoulders, hips, and the spinal cord, this debilitating condition is often triggered by injuries, obesity, and developmental irregularities in bone formation.
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As the industry embraces this upward trajectory, dedicated efforts are underway to revolutionize the landscape of canine arthritis treatment. Our commitment to advancing research and pioneering solutions stands at the forefront, aiming to redefine standards of care and improve the quality of life for our four-legged friends.
“Innovation and compassion are the driving forces behind our pursuit of cutting-edge therapies,” expressed Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “We are dedicated to developing breakthrough pharmaceuticals and therapies that not only alleviate pain but also restore vitality and mobility to our furry companions affected by canine arthritis.”
Fostering collaborations between research, veterinary expertise, and pharmaceutical advancements, our mission remains unwavering—to introduce effective, safe, and accessible treatments that address the root causes of canine arthritis. Through our steadfast dedication, we aim to set new benchmarks in the industry while enhancing the well-being and longevity of our beloved canine companions.
As we propel towards a future where canine arthritis ceases to be a barrier to a joyful and active life for our furry friends, we invite you to join us on this transformative journey.
Key Takeaways from Canine Arthritis Treatment Market Study:
- Nonsteroidal anti-inflammatory medications are a veterinarian’s first choice for treating inflammation and pain. These medications have been shown to alleviate tingling, allergic reactions, swelling, and pain. In contrast to non-approved NSAIDs, canine approved nonsteroidal anti-inflammatory medications have demonstrated an acceptable safety profile.
- Growth prospects for the canine arthritis market in North America are relatively high when compared to other regions, owing to an increase in canine adoption, increased veterinary expenditure on their health, and increased pet health awareness.
- Market participants have remained focused on capitalising on veterinary hospitals and clinics, which provide comprehensive animal care and service support for improved pet health.
- Oral formulations of major non-steroidal anti corticosteroids medications will continue to account for major share of the manufacturers’ bottom lines, in the view of increasing demand for their ease of administration and better animal compliance.
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Robust Clinical Development Pipeline to Dictate Stakeholders’ Strategies:
Elanco, Ceva Sante Animale, Boehringer Ingelheim are among the leading players in the canine arthritis treatment market. These manufacturers continue to dominate the market landscape of canine arthritis treatment by ensuring product availability, collaborating with the local distributors, strengthening manufacturing facilities, and strategizing R&D for diversification of product portfolio.
Key Companies Profiled:
- Boehringer Ingelheim International GmbH.
- DAIICHI SANKYO COMPANY, LIMITED
- Thorne
- NUTRI-VET
- American Regent, Inc.
- DSM
- Zoetis
- National hog farmer
- Novasep
- Bayer AG
- Matsun Nutrition
What did Analysts Uncover during the Study?
A comprehensive view of the canine arthritis treatment market has led our analysts to conclude that, the market is growing at an impressive rate, with North America and Europe holding a large share of the global canine arthritis treatment market. Increase in the pet adoption rate in developed economies, increase in the disposable expense on the companion animals, and rise in awareness regarding pet health are anticipated to propel the market growth.
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Key Segments of Canine Arthritis Treatment Industry Survey:
Canine Arthritis Treatment Market by Treatment:
- Non-steroidal Anti-inflammatory Drugs (NSAIDs)
- Opioids
- Stem Cell Therapy
- Allogeneic Stem Cells
- Autologous Stem Cells
Canine Arthritis Treatment Market by Route of Administration:
- Oral Canine Arthritis Treatment
- Injectable Canine Arthritis Treatment
Canine Arthritis Treatment Market by Distribution Channel:
- Veterinary Hospitals & Clinics
- Retail Pharmacies
- Drug Stores
- e-Commerce
Canine Arthritis Treatment Market by Region:
- North America Canine Arthritis Treatment Market
- Latin America Canine Arthritis Treatment Market
- Europe Canine Arthritis Treatment Market
- East Asia Canine Arthritis Treatment Market
- South Asia & Pacific Canine Arthritis Treatment Market
- Middle East & Africa (MEA) Canine Arthritis Treatment Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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