Fact.MR, a global research & consulting firm, in their updated edition of the report, projected that the canine influenza treatment market is poised to witness a robust growth in 2021 & beyond.
Fact.MR, a global research & consulting firm, in their updated edition of the report, projected that the canine influenza treatment market is poised to witness a robust growth in 2021 & beyond. Increasing incidences of the ailment and with no particular treatment is encouraging the market growth. Also, the government is aiding canine flu treatment companies to develop therapy for the flu to keep in check outbreaks. This drives companies to focus on innovation in the market.
“Market players are focusing on innovation and research and development activities for discovering the new drugs. Furthermore, the augmentation in research institutes’ and FDA approvals for canine influenza treatment is fuelling the canine influenza treatment industry.” states Fact.MR.
Rise in Incidence Rates of the Disorder to Bolster Demand
Pet adoption particularly dogs has risen across the globe. As majority of the dogs are vulnerable to canine flu with direct contact with respiratory discharges from infected dogs, the increasing number of incidences of canine influenza is fueling the expansion of the market.
As dogs are required to be protected from the occurrence of H3N8 virus or H3N2 virus, there is a burgeoning demand for canine flu treatment across the globe. As, there is no particular treatment available, it acts as a driver for discovering the novel drugs. There is a higher unmet requirement for canine flu treatment, which also offers huge prospects for the market.
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How Veterinary Clinics will Support Growth of Canine Influenza Treatment Industry?
Veterinary Clinics are anticipated to witness twofold growth prospects, across the globe. The growth can be primarily driven by rise in the number of patient visits for canine flu treatment in pet stores, and veterinary clinics.
Also growing need for physical examination, blood test and bronchoscope for the diagnosis of canine flu is boosting the requirement of veterinary clinics in the canine influenza treatment industry.
The US will Witness High Adoption of Treatment Method to Canine Flu
The US and UK reflects healthy growth in revenue terms, as a result of growing awareness of conducted canine influenza in the form of routine check. The lesser expense of the procedure in contrast to other substitute treatments and low risk related to the procedure is advancing the expansion of the canine influenza treatment industry.
Economic conditions in the remerging regions such as China and India are poised to fuel the canine flu treatment industry to new heights. The UK and Japan India and China are fastest growing region as a result of growing awareness of flu. Expansion in the regions such as South Africa, Turkey, Israel, Iran, and GCC, is significantly less in contrast to other parts of the globe.
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Innovations and New Drug Development Remains Prime Focal Points: Fact.MR Survey
The canine influenza treatment market players can get the benefit of monopolistic market as a result of less players available in the market. Fact.MR’s survey indicated that the leading market players are focusing on mergers and acquisition, innovations and developing novel medicine for canine flu in 2021 and beyond. The latest edition of the report offers comprehensive coverage of the anticipated to remain the significant strategies of market players. Some of the players profiled in the report are Merck Animal Health, Zoetis Inc., Novartis AG, GlaxoSmithKline Plc., Bristol-Myers Squibb Company, Pfizer Inc., Eli Lilly and Company, Boehringer Ingelheim International GmbH, Abbott Laboratories, Sanofi, and F. Hoffmann-La Roche Ltd. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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Source: Fact.MR