Growing incidence of canine atopic dermatitis and increasing expenditure on animal healthcare are key factors driving market growth.
Growing incidence of canine atopic dermatitis and increasing expenditure on animal healthcare 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 canine atopic dermatitis market can be attributed to increase in the number of people having pet dogs, and rising pollution levels leading to skin diseases and infections.
Increasing preference of people for veterinary hospitals and clinics for the treatment of their dogs suffering from allergies is increasing demand for canine atopic dermatitis products. Canine atopic dermatitis products are utilized during different treatment and therapy procedures to ensure speedy recuperation of skin allergies in dogs.
Increasing air pollution is a common cause of atopic dermatitis in dogs. Other causes of canine atopic dermatitis include flea infection, food allergy, inhalant, or contact allergy. Increasing awareness about early symptoms of an allergic reaction in dogs and development of advanced treatment methods to control symptoms are driving market growth.
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However, poor reimbursement policies, lack of professional veterinary doctors, and poor animal healthcare facilities in underdeveloped countries are restraining growth of the global market. Lack of awareness among people regarding pet health, complications associated with the use of unprescribed drugs, and limited clinical trials of animal drugs may hamper growth of the canine atopic dermatitis market over the forecast period.
Some Key Highlights From the Report:
- By product type, Monoclonal Antibodies (MAbs) segment revenue is expected to grow at a significantly high rate over the forecast period. Monoclonal antibodies are a class of medicines used by veterinary doctors for the treatment of atopic dermatitis in pet animals including dogs. Monoclonal antibodies have a positive success rate, and they can minimize the risk associated with treatment, which in turn is increasing their demand in the market and thus, driving growth of this segment.
- By distribution channel, veterinary hospitals/clinics segment revenue is expected grow at a significantly high rate over the forecast period. Veterinary doctors analyze and treat a wide range of skin inflammation in pet animals. Demand for canine atopic dermatitis products is increasing in veterinary hospitals and clinics with rising number of people preferring veterinary hospitals and clinics for the treatment of their pet dogs, which is a major factor contributing to market growth.
- Canine atopic dermatitis market revenue in Asia-Pacific is expected to grow at the fastest CAGR over the forecast period, owing to increasing awareness among people about the benefits of canine atopic dermatitis products. APAC has a large number of pet owners, along with well-trained veterinary doctors and a productive healthcare system, which are contributing to market growth.
- In October 2020, Virbac received US FDA approval for its CYCLAVANCE (cyclosporine oral solution) USP MODIFIED to control atopic dermatitis in dogs weighing at least 4 lbs (1.8 kg).
- In September 2020, Zoetis received a variation to the terms of the marketing authorization for the veterinary medicinal product Cytopoint by the Committee for Medicinal Products for Veterinary Use (CVMP), in which the variation concerns adding a new therapeutic indication for the treatment of pruritus associated with allergic dermatitis in dogs.
- Major players operating in the global market 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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For this report, Reports and Data has segmented the global canine atopic dermatitis market based on product type, distribution channel, mode of administration, and region:
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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Regional Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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