Report ID: UCMIG35E2037
Report ID:
UCMIG35E2037 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the global market for treating ear infections in companion animals was estimated at USD 531.2 million in 2020 and is projected to increase at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The market is expanding because to the rising occurrence of otitis externa in dogs. 2% of all feline and 5% of all canine consultations currently have an otitis or ear infection as the final diagnosis, according to Dechra Pharmaceuticals. Due to strict lockdown regulations during the COVID-19 pandemic, veterinary clinics were only able to operate to a limited extent. This decreased the number of veterinarian visits, which had an effect on the market. The restart of pet clinics and the relaxation of regulations, however, have caused the market to exhibit a V-shaped rebound during the third quarter of 2020.
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 Facilities by segment aggregation, the contribution of the Health Care Facilities 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: UCMIG35E2037