PRESS RELEASE
Published April 18, 2023
In 2022, the net worth of the global Canine Arthritis Treatment Market size was valued at US$ 2.39 Billion. It is projected that the demand for medications to treat canine arthritis will increase at a CAGR of 4.2%, resulting in a market valuation of US$ 3.05 Billion by 2028. In 2021, canine arthritis treatment medications held a 17.2% share of the global rare inflammatory disease treatment market.
Canine arthritis is a degenerative joint disease that causes inflammation in dogs joints due to constant rubbing, cartilage deterioration, and long-term joint problems. The most commonly affected joints in animals are the knees, elbows, shoulders, hips, and spine. Injuries, obesity, and poor bone formation are some of the causes of canine arthritis in dogs.
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The global canine arthritis treatment market is expected to grow significantly during the forecast period, according to Future Market Insights, due to the increase in dog ownership worldwide, the development of veterinary healthcare infrastructure, and the expansion of treatment options for canine arthritis. The rising prevalence of obesity-induced arthritis among dogs and increased awareness about companion animal health are key factors driving this growth. Furthermore, the FDAs ease of approval for innovative and novel canine arthritis treatment drugs will create growth opportunities for market players.
Key Takeaways from Canine Arthritis Treatment Market Study
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Competitive Landscape
Elanco, Ceva Sante Animale, Boehringer Ingelheim are among the leading players in the canine arthritis treatment market. These manufacturers continue to dominate the market landscape of canine arthritis treatment by ensuring product availability, collaborating with the local distributors, strengthening manufacturing facilities, and strategizing R&D for diversification of product portfolio.
Key Segments Of Canine Arthritis Treatment Industry Survey
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