Canine Atopic Dermatitis Market Projected To Exhibit Robust CAGR of 9.0% For The Forecast Period From 2020 To 2027 : Grand View Research Inc.

The global canine atopic dermatitis market size is expected to reach USD 1.8 billion by 2027, expanding at a CAGR of 9.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of the disease and growing companion ownership are the key factors driving the market growth.

Growing concern among pet owners regarding their pet’s health is further propelling the market growth. According to American Academy of Physician Assistants (AAPA), U.S. pet owners spent around USD 7.4 billion on pet care in 2017 whereas, Europe spent around USD 6.1 billion. The anticipated rise in dog ownership is expected to increase the demand for better treatment facilities.

According to The American Pet Products Association report 2018, veterinary care spending increased by 7% from USD 15.95 billion in 2016 to USD 17.07 billion in 2017. An increase in the number of veterinary clinic visits is further boosting the canine atopic dermatitis market growth. According to the American Veterinary Medical Association (AVMA) report, as of 2018, around 70% dog owners usually go to veterinary hospitals or clinics for the routine check-up of their pets. These aforementioned factors are expected to fuel the growth of the canine atopic dermatitis treatment market over the forecast period.

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Further key findings from the report suggest:

·         On the basis of product, the Monoclonal Antibodies (MAbs) segment is projected to register a CAGR of 16.1% over the forecast period owing to increased efficacy and strong product pipeline

·         Based on mode of administration, the oral segment held the largest share as of 2020 owing to low cost and ease of administration

·         On the basis of distribution channel, the retail segment held the largest share as of 2020, owing to ever rising footprint of retail pharmacies and product availability

·         By region, Asia Pacific is expected to exhibit the highest growth rate over the forecast period due to increase in disposable income and growing companion ownership

·         Some of the key companies in the canine atopic dermatitis market are Zoetis, Elanco, Toray Industries, and Virbac.

The global canine atopic dermatitis market size was estimated at USD 911.6 million in 2020 and is expected to witness a CAGR of 9.0% during the forecast period. Increasing incidences of atopic dermatitis in dogs fueled by air pollution and allergens is the key driver for this market. The most common symptoms associated with atopic dermatitis are scratching, itching, foul odor, loss of hair, scaly skin, etc. The breeds found to be most susceptible to this canine atopic dermatitis are Golden Retriever, German Shepherd, Labrador, andPug. Rapid industrialization in the developing and developed countries is anticipated to further propel the market growth.

According to the American College of Veterinary Dermatology (ACVD) report, around 10% to 15% of dogs suffered from this canine atopic dermatitis in 2017. The x of this disease is not completely understood yet, though genetic abnormalities are reported to be one of the major reasons behind it. According to a study by the American Journal Of Veterinary Research, the risk to develop canine atopic dermatitis in golden retrievers was around 50% in the U.K. due to geographic variation, which is expected to bolster the revenue in the coming years.

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Grand View Research has segmented the global canine atopic dermatitis market on the basis of product, mode of administration, distribution channel, and region:

Canine Atopic Dermatitis Treatment Product Outlook (Revenue, USD Million, 2016 - 2027)

·         Glucocorticoids

·         Antihistamines

·         Immunosuppressants

·         MAbs

·         Others

Canine Atopic Dermatitis Treatment Mode of Administration Outlook (Revenue, USD Million, 2016 - 2027)

·         Topical

·         Oral

·         Injectable

Canine Atopic Dermatitis Treatment Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

·         Veterinary Hospitals/Clinics

·         Retail

·         E-commerce

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.