Growing demand for canine atopic dermatitis treatment products and increasing incidence of allergies in dogs are key factors driving market growth
The global canine atopic dermatitis market size is expected to reach USD 1,998.9 Million in 2028 and register a revenue CAGR of 8.8% over the forecast period, according to latest report by Reports and Data. Steady revenue growth of the global canine atopic dermatitis market can be attributed to growing prevalence of atopic dermatitis among dog breeds such as Golden Retriever, Labrador, and pugs.
Advancement in atopic dermatitis treatment is expected to drive growth of the global market during the forecast period. Increasing number of veterinary doctors, along with growth in the number of veterinary hospitals and clinics, are contributing to market growth. Presence of strong drug channel, launch of new products, and increasing investments by big market players, along with growing awareness among people about maintaining proper pet hygiene, are increasing demand for canine atopic dermatitis treatment products, which is driving revenue growth of the global market.
Furthermore, strict government rules and policies to put restrictions on the use of human drugs on animals, adoption of advanced treatment procedures in veterinary hospitals and clinics, and rising animal healthcare expenditure are expected to boost canine atopic dermatitis market growth during the forecast period.
Key companies profiled in the report include
AB Science SA, Boehringer Ingelheim, Ceva Sante Animale, Dechra Veterinary Products, Elanco, Kindred Biosciences Inc., Merck and Co., Inc., Nextmune, Toray Industries Inc., Vetoquinol UK Ltd, and Zoetis.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Canine Atopic Dermatitis market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Canine Atopic Dermatitis Market Segmentation based on Types:
Product Type Outlook (Revenue, USD Million; 2018-2028)
- Glucocorticoids
- Antihistamines
- Immunosuppressants
- MAbs
- Others
Distribution Channel (Revenue, USD Million; 2018-2028)
- Veterinary Hospitals/Clinics
- Retail
- E-commerce
Mode of Administration Outlook (Revenue, USD Million; 2018-2028)
- Topical
- Oral
- Injectable
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Some Key Highlights From the Report:
- By product type, glucocorticoids segment accounted for largest revenue share in 2020, which can be attributed to growing acceptance of glucocorticoids due to their easy availability and exceptional efficacy in treating various skin inflammation in animals. Glucocorticoids are also cost-effective and can reduce pain with less side effects, which is further increasing their adoption.
- By distribution channel, retail segment accounted for largest revenue share in 2020. Increasing demand for canine atopic dermatitis products and their easy availability in retail pharmacy stores are major factors driving growth of this segment.
- Demand for canine atopic dermatitis products is increasing due to advancement in technology and launch of new products in the market. Additionally, rising incidence of skin allergy in pets is leading to increasing adoption of canine atopic dermatitis treatment products, which is further boosting market growth.
- Canine atopic dermatitis market in North America accounted for largest revenue share in 2020, which can be attributed to the presence of beneficial reimbursement policies and increase in the number of pet dogs suffering from atopic dermatitis in the region. Availability of sophisticated technologies and well-developed veterinary hospitals are also supporting growth of this regional market.
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