[Latest] Global Pet Cancer Therapeutics Market Size/Share

Austin, TX, USA, April 08, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Pet Cancer Therapeutics Market Size, Trends and Insights By Therapy (Chemotherapy, Immunotherapy, Targeted Therapy, Combination Therapy, Others), By Cancer Type (Lymphoma, Mast Cell Cancer, Melanoma, Mammary and Squamous Cell Cancer, Others), By Route of Administration (Oral, Injection), By Pet Type (Dog, Cat), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Pet Cancer Therapeutics Market size & share was valued at approximately USD 482.1 Million in 2023 and is expected to reach USD 526.5 Million in 2024 and is expected to reach a value of around USD 1,162.4 Million by 2033, at a compound annual growth rate (CAGR) of about 9.2% during the forecast period 2024 to 2033.”

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Pet Cancer Therapeutics Market: Growth Factors and Dynamics

Increasing Pet Ownership and Humanization Trends: The growing number of pet owners who consider their pets as family members has fueled the demand for advanced veterinary care, including cancer therapeutics. Humanization trends, where pets are treated as companions and receive similar healthcare standards as humans, are driving pet owners to seek advanced treatment options for conditions like cancer.

Advancements in Veterinary Medicine: Veterinary medicine has witnessed significant advancements in diagnostic tools, treatment modalities, and surgical techniques for cancer in pets. These advancements include targeted therapies, immunotherapies, and minimally invasive surgical procedures, improving the prognosis and quality of life for pets diagnosed with cancer.

Rising Incidence of Pet Cancer: Similar to humans, pets are also susceptible to cancer, with certain breeds being predisposed to specific types of cancer. The increasing prevalence of risk factors such as environmental pollutants, genetic predispositions, and aging populations of pets has contributed to the rising incidence of cancer in companion animals, driving the demand for effective cancer therapeutics.

Growing Awareness and Education: Pet owners are becoming increasingly aware of the signs and symptoms of cancer in pets, leading to earlier diagnosis and intervention. Veterinary professionals also play a crucial role in educating pet owners about preventive measures, regular screenings, and treatment options for pet cancer, fostering greater awareness and demand for cancer therapeutics.

Expansion of Veterinary Oncology Services: The expansion of veterinary oncology services, including the establishment of specialized cancer treatment centers and the availability of board-certified veterinary oncologists, has significantly contributed to the growth of the pet cancer therapeutics market. These dedicated facilities offer comprehensive cancer care, including diagnosis, treatment planning, chemotherapy, radiation therapy, and palliative care, enhancing access to advanced cancer treatments for pets.

Investments in Research and Development: Increased investments in research and development focused on pet cancer therapeutics have led to the development of novel drugs, treatment protocols, and therapeutic approaches tailored to the unique biology of companion animals. Collaborations between pharmaceutical companies, academic institutions, and veterinary organizations have accelerated the pace of innovation in this field, driving the growth of the pet cancer therapeutics market.

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Pet Cancer Therapeutics Market: Partnership and Acquisitions

In 2023, The Canine Tumor Genome Atlas, a groundbreaking genomic data bank, was launched at UC Davis, focusing on comparative oncology. It aims to store gene samples from companion dogs diagnosed with oral melanomas, osteosarcomas, and gliomas, paving the way for advanced research in canine cancer.

In 2022, Petco Love allocated USD 15 million in grants to its animal welfare partners across the United States to support shelter operations, provide medical treatments for pets, and promote pet adoption efforts, particularly during the pandemic.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 526.5 Million
Projected Market Size in 2033	USD 1,162.4 Million
Market Size in 2023	USD 482.1 Million
CAGR Growth Rate	9.2% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Therapy, Cancer Type, Route of Administration, Pet Type and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Pet Cancer Therapeutics report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Pet Cancer Therapeutics report has been modified to include the COVID-19 impact study prior to delivery.)

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Pet Cancer Therapeutics Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Pet Cancer Therapeutics Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Disruption in Veterinary Services: During the COVID-19 pandemic, many veterinary clinics and hospitals faced operational challenges, including reduced hours, appointment cancellations, and limitations on non-essential procedures. This disruption in veterinary services affected the diagnosis and treatment of pet cancer, leading to delays in care and decreased demand for pet cancer therapeutics.

Financial Constraints for Pet Owners: Economic uncertainties resulting from the pandemic led to financial constraints for many pet owners, affecting their ability to afford expensive cancer treatments for their pets. Some pet owners may have postponed or foregone cancer treatment altogether due to financial constraints, impacting the demand for pet cancer therapeutics.

Resumption of Veterinary Services: With the easing of COVID-19 restrictions and the rollout of vaccination campaigns, veterinary clinics and hospitals have gradually resumed normal operations. This has facilitated the resumption of routine screenings, diagnostic procedures, and cancer treatments for pets, driving the demand for pet cancer therapeutics.

Rise in Pet Adoption and Ownership: The COVID-19 pandemic led to a surge in pet adoption and ownership as people sought companionship and emotional support during periods of lockdown and social distancing. The increase in pet ownership has translated into a higher demand for veterinary services, including cancer diagnosis and treatment, contributing to the recovery of the pet cancer therapeutics market.

Expansion of Telemedicine and Remote Consultations: The pandemic accelerated the adoption of telemedicine and remote consultations in veterinary medicine, allowing pet owners to consult with veterinarians and specialists virtually. This has facilitated access to veterinary care, including cancer consultations and treatment planning, particularly for pet owners in remote areas or those facing mobility restrictions.

Focus on Research and Innovation: Despite the challenges posed by the pandemic, research and innovation in the field of pet cancer therapeutics have continued, driven by the increasing recognition of cancer as a significant health concern in companion animals. Investments in research, clinical trials, and the development of novel cancer treatments have contributed to the introduction of new and improved pet cancer therapeutics, further supporting the recovery of the market.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Pet Cancer Therapeutics Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

What is the size of the Pet Cancer Therapeutics market and what is its expected growth rate?
What are the primary driving factors that push the Pet Cancer Therapeutics market forward?
What are the Pet Cancer Therapeutics Industry's top companies?
What are the different categories that the Pet Cancer Therapeutics Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Pet Cancer Therapeutics market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Pet Cancer Therapeutics Market – Regional Analysis

The Pet Cancer Therapeutics Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, the pet cancer therapeutics market is characterized by a high level of technological advancements and a strong focus on research and development. Trends include the increasing adoption of personalized medicine approaches, such as genomic testing and targeted therapies, as well as the growing demand for minimally invasive surgical techniques and novel immunotherapies for pets diagnosed with cancer.

Europe: In Europe, the pet cancer therapeutics market is influenced by a growing emphasis on preventive care and early detection of cancer in pets. Trends include the expansion of pet insurance coverage for cancer treatments, the adoption of telemedicine and remote consultations in veterinary oncology, and the implementation of comprehensive cancer screening programs for companion animals.

Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in the pet cancer therapeutics market due to increasing pet ownership rates and rising disposable incomes. Trends include the emergence of specialized veterinary oncology centers and cancer treatment facilities, the adoption of alternative and complementary therapies for pets with cancer, and the development of affordable and accessible cancer treatments tailored to the unique needs of pets in the region.

LAMEA (Latin America, Middle East, and Africa): In LAMEA, the pet cancer therapeutics market is characterized by a growing awareness of pet health issues and a rising demand for advanced veterinary care. Trends include the expansion of veterinary oncology services in urban centers, the adoption of telemedicine and digital health solutions to improve access to cancer diagnostics and treatment, and the development of culturally relevant and affordable cancer therapeutics for pets in emerging markets.

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List of the prominent players in the Pet Cancer Therapeutics Market:

Zoetis Inc.
Elanco Animal Health
Boehringer Ingelheim Animal Health
Virbac
Aratana Therapeutics
AB Science
VetDC Inc.
Regeneus Ltd.
CanFel Therapeutics
Merial
Karyopharm Therapeutics Inc.
Rhizen Pharmaceuticals SA
Vetoquinol S.A.
Ceva Santé Animale
Sentia Medical Sciences Inc.
Others

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The Pet Cancer Therapeutics Market is segmented as follows:

By Therapy

Chemotherapy
Immunotherapy
Targeted Therapy
Combination Therapy
Others

By Cancer Type

Lymphoma
Mast Cell Cancer
Melanoma
Mammary and Squamous Cell Cancer
Others

By Route of Administration

Oral
Injection

By Pet Type

Click Here to Get a Free Sample Report of the Global Pet Cancer Therapeutics Market @ https://www.custommarketinsights.com/report/pet-cancer-therapeutics-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Pet Cancer Therapeutics Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Pet Cancer Therapeutics Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Pet Cancer Therapeutics Market? What Was the Capacity, Production Value, Cost and PROFIT of the Pet Cancer Therapeutics Market?
What Is the Current Market Status of the Pet Cancer Therapeutics Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Pet Cancer Therapeutics Market by Considering Applications and Types?
What Are Projections of the Global Pet Cancer Therapeutics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Pet Cancer Therapeutics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Pet Cancer Therapeutics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Pet Cancer Therapeutics Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Pet Cancer Therapeutics Industry?

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Reasons to Purchase Pet Cancer Therapeutics Market Report

Pet Cancer Therapeutics Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Pet Cancer Therapeutics Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Pet Cancer Therapeutics Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Pet Cancer Therapeutics Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Pet Cancer Therapeutics market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Pet Cancer Therapeutics market analysis.

The competitive environment of current and potential participants in the Pet Cancer Therapeutics market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Pet Cancer Therapeutics market should find this report useful. The research will be useful to all market participants in the Pet Cancer Therapeutics industry.
Managers in the Pet Cancer Therapeutics sector are interested in publishing up-to-date and projected data about the worldwide Pet Cancer Therapeutics market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Pet Cancer Therapeutics products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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