logo
logo
Sign in

Current Trends in Global Pet Noise Anxiety Market 2027 | Detailed Report by Growth Market Reports

avatar
Sheryl Dias
Current Trends in Global Pet Noise Anxiety Market 2027 | Detailed Report by Growth Market Reports

The global pet noise anxiety market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. Rise in the adoption of pets has led to the rise in the demand for pet medications, which fuels the growth of the market. Noise anxiety is a fear of loud noises, which includes sounds from thunderstorm or fireworks. Rise in research & development (R&D) and the introduction of novel medicines for the treatment of noise anxiety in pets are driving the growth of the pet noise anxiety market.


Request Free Sample Report Here


Market Trends, Drivers, Restraints, and Opportunities:

  • Increase in disposable income and growth in spending on animals are driving the demand for pet noise anxiety treatment.
  • Rise in awareness among consumers regarding the treatment and medications is propelling the market.
  • High cost of the veterinary medicines is expected to hamper the market growth.


Pet Noise Anxiety Market Segment Insights:


The pet medication segment to hold a significant share of the market

Based on product types, the pet noise anxiety market can be segmented into pet medications, anxiety wraps or pressure wraps, and pheromones & calming supplements. The pet medication segment is projected to grow at a significant pace during the forecast period owing to its use for the treatment of noise anxiety in animals. Conversely, the anxiety wraps or pressure wraps segment is expected to expand at a significant CAGR between 2020 and 2027. Rise in the adoption of anxiety wraps to reduce noise anxiety in pets is driving the segment.


The oral type segment held a substantial share of the market

In the terms of animal types, the market can be segregated into oral type, smear type, and injection type. The oral types segment is projected to grow at a significant pace during the forecast period due to the rise in the demand for the use of oral medicines to treat noise anxiety in animals. Rise in the development R&D and introduction of new drugs for the treatment of anxiety in pets are fueling the adoption of oral type medications.


The veterinary hospitals segment holds a significant share of the market

On the basis of end-users, the pet noise anxiety products market can be classified as veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment holds a significant share of the market owing to the rising number of veterinarians and growing adoption of medications for the treatment of noise anxiety in animals.


North America dominates the global market

Based on regions, the global pet noise anxiety market can be categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a considerable share of the global pet noise anxiety market. The US is expected to have a significant share of the market during the forecast period. Rising disposable income and growing awareness among consumers regarding pet noise anxiety products are propelling the market in the region.


Competitive Analysis

Key players in the global pet noise anxiety market include Vets4Pets, Zoetis Inc., Pegasus Laboratories, VioVet, PetSmart Inc., PetMed, Merck & Co., Inc., Elanco US, Inc., and Pets At Home. They engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and market share.


About Growth Market Reports:

GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.


Contact:

Growth Market Reports

Phone: +1 909 414 1393

Email: [email protected]

Web: https://growthmarketreports.com

Follow Us: LinkedIn | Twitter

 

 


collect
0
avatar
Sheryl Dias
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more