Report ID: UCMIG35D2087
Report ID:
UCMIG35D2087 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The worldwide market for companion animal arthritis, with an initial valuation of USD 2.9 billion in 2021, is projected to witness steady growth with a compound annual growth rate (CAGR) of 6.8% during the period from 2022 to 2030. This growth trend indicates a rising demand for treatments and therapies aimed at alleviating arthritis symptoms in companion animals. The market's positive trajectory is anticipated to persist due to various factors, such as increasing pet ownership rates, advancements in veterinary medicine, and growing awareness about the importance of maintaining the well-being of companion animals. These factors collectively contribute to the market's promising outlook and potential for further expansion in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35D2087