11.3% CAGR of Pet Cancer Therapeutics Market Statistics, Regional, And Forecast to 2031
Pune, Maharashtra, India, September 19 2022 (Wiredrelease) Prudour Pvt. Ltd –:Global Pet Cancer Therapeutics Market: Introduction
Pet Cancer Therapeutics Market size registered a valuation of over USD 270.02 million in 2021. Driven by growing awareness among pet owners regarding pet diseases, the industry is poised to grow at a CAGR of about 11.3% from 2022 to 2030.
Pet cancer therapeutics are novel drug molecules that have high potential to reduce the impact of cancer. They provide comprehensive care for pets with minimal side effects. The goal of cancer therapies is to eradicate all cancerous cells in pets. The veterinarian will recommend a specific treatment plan, such as combination therapy, targeted therapy, or chemotherapy, depending on the type, stage, and nature the cancer.
Increased R&D in cancer management to increase market growth
The increasing number of research grants for anti-cancer treatments for veterinary cancer treatment will be a key factor in driving the growth of the global pet therapy market. The Blue Buffalo Foundation granted a US$1 million grant to Animal Cancer Foundation (ACF), in 2017 to support comparative oncology research. This was to examine the similarities between naturally occurring cancers in pets and people, and to find effective treatments in both.
To accelerate market growth, increase the incidence and remission rates for pet cancers.
The increasing incidence of cancer means that new therapies must be developed. These therapies have been proven to be extremely effective in treating cancers in pets. This will increase the market growth for pet cancer therapeutics during the forecast period. Fetch a Cure 2015 study found that dogs and cats are more likely than humans to develop cancer. In fact, dogs are 35% more likely develop skin cancer and 48% more likely to have breast cancer. Cats are 8 times more likely develop bone cancer. Animal Cancer Foundation published a study in 2017 that estimated 25% of dogs will develop cancer at some time in their lives. Market players will also benefit from an increase in relapsed cancer rates, and the availability of relapsed/refractory therapeutics that are integrated with veterinarian recommendations.
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Pet Cancer Therapeutics Market – Competitive Landscape
Aratana Therapeutics Inc
AB Science
Boehringer Ingelheim International GmbH
Zenoaq
Morphogenesis Inc
VetDC Inc
Karyopharm Therapeutics Inc
Rhizen Pharmaceutical SA
Regeneus Ltd.
Oasmia Pharmaceuticals AB
Zoetis
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Pet Cancer Therapeutics Market Segmentation
Based on the type, the Pet Cancer Therapeutics market is segmented into
Chemotherapy
Targeted Therapy
Combination Therapy
Immunotherapy
Based on the application, the Pet Cancer Therapeutics market is segmented into
Lymphoma
Mast Cell Cancer
Melanoma
Mammary
Squamous Cell Cancer
Others
Market Breakup by Region:
– North America (United States, Canada)
– Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
– Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
– Latin America (Brazil, Mexico, Others)
– The Middle East and Africa
Market Report Coverage and Deliverables will help you to understand:
1. Company revenue shares | revenue (US$ Mn)
2. Upcoming Regional opportunities
3. Latest trends & Market dynamics
4. Competitive benchmarking
5. Key Financial Charts
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Key Questions Answered in This Report:
Q1. What is the market size of Pet Cancer Therapeutics?
Q2. What are the elements of retail Pet Cancer Therapeutics?
Q3. What are the key decision drivers for service buyers?
Q4. How can we accelerate our bidding process?
Q5. What is the potential of the Pet Cancer Therapeutics Market?
Q6. Who are the prominent players in Pet Cancer Therapeutics Market?
Q7. What are the different types of Pet Cancer Therapeutics market?
Q8. What are the top strategies that companies adopt in Pet Cancer Therapeutics Market?
Q9. What is the future of Pet Cancer Therapeutics?
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