Feline Osteoarthritis Treatment Market
Feline osteoarthritis is an autoimmune disorder caused by infection, injury, or degenerative problems in the joints. Feline osteoarthritis mainly caused due to the genetic changes, injury, abnormal joint loading, obesity, and acromegaly. The symptoms associated with the feline osteoarthritis include pain, swollen joints, loss of muscle mass, and limited movement among others. Diagnosis of feline osteoarthritis is difficult and it cannot be diagnosed with normal symptoms. However, the disease can be identified by the Radiography (X-rays) which can reveal the joint abnormalities and bony growths in feline. Feline osteoarthritis can be treated with physical exercise, anti-inflammatories, and surgical treatment among others.
Feline Osteoarthritis Treatment Market Dynamics:
Increase in the prevalence of obesity in felines, lack of nutritional feed, increase in the R&D activities for the innovation of newer drugs for feline arthritis, and rise in feline adoption rate are anticipated to fuel the feline osteoarthritis management market. Moreover, ongoing clinical trials for feline osteoarthritis treatment, rise in animal welfare expenditure, and increase in the number of elder cats (cats with more than 7 years are more prone to osteoarthritis disease) are expected to propel the feline osteoarthritis treatment market over the forecast period. However, stringent regulatory policies for the approval of veterinary medicines, complexity in early-stage disease diagnosis, less number of treatment options in the market, and lack of awareness about the disease in rural areas are the factors restraining the growth of feline osteoarthritis management market.
Feline Osteoarthritis Treatment Market Scope:
Feline osteoarthritis management treatment market is segmented on the basis of drug class, formulation type, and distribution channel
Based on the drug class, it is segmented into the following:
- Buffered Aspirin
Based on the formulation type, it is segmented into the following:
- Oral tablets
- Oral gels
Based on the distribution channel, it is segmented into the following:
- Veterinary pharmacies
- Retail pharmacies
- Online pharmacies
Feline Osteoarthritis Treatment Market Summary:
Feline osteoarthritis market is growing at a significant CAGR owing to increase in the feline adoption rate. Increase in the prevalence of osteoarthritis in felines (according to international cat care, about 90% of felines above 12 years of age are affected with osteoarthritis), rise in R&D expenditure for the newer drugs innovation are anticipated to fuel the feline osteoarthritis management market. Moreover, acquisitions and mergers, collaborations, development of pipeline products, product approvals, and product launchings are the strategies followed by the companies for increasing their market revenue share in feline osteoarthritis treatment market. For instance, in December 2016, Nexvet Biopharma initiated the pivotal efficacy study of Frunevetmab, a monoclonal antibody used in the treatment of feline osteoarthritis.
Regional Analysis: Feline Osteoarthritis Treatment Market
Feline osteoarthritis management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America osteoarthritis treatment market accounted for significant share in global feline osteoarthritis market owing to increase in the feline adoption rate, collaboration between the companies for R&D activities, and increase in the animal welfare expenditure in the region. Europe osteoarthritis treatment market growing at significant rate, which is attributed to increase in the prevalence of feline osteoarthritis, rise in pet per capita expenditure, and high awareness about the veterinary diseases among veterinary physicians in the region. Asia Pacific osteoarthritis treatment market is an emerging market for market players due to lack of awareness about the feline nutrition feed in underdeveloped regions, increase in the feline adoption rate, and rise in per capita income driving the market for osteoarthritis treatment in the region.
Market Participants: Feline Osteoarthritis Treatment Market
Some of the players in market are Zoetis Inc. (U.S.), Bayer Animal Health (Germany), Nutramax Laboratories (U.S.), Doctors. Foster and Smith (U.S.), VetriScience Laboratories (U.S.), Hill’s Pet Nutrition, Inc. (U.S.), and Garmon Corp. (U.S.) to name a few.
Notable Market Developments: Feline Osteoarthritis Treatment Market
- In April 2017, Zoetis Inc. acquired Nexvet Biopharma Plc for strengthening its pipeline products for chronic pain management in cats and dogs
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market