U.S. Pet Medications Marketplace 2021: Ending 2020 with $10.8 Billion in Sales, up Approx 13% from 2019 – ResearchAndMarkets.com

DUBLIN–(Business enterprise WIRE)–The “Pet Drugs in the U.S., 7th Version” report has been included to…

DUBLIN–(Business enterprise WIRE)–The “Pet Drugs in the U.S., 7th Version” report has been included to ResearchAndMarkets.com’s supplying.

Putting up double-digit sales progress 2020 – the largest solitary-yr improve in the past ten years – the pet prescription drugs marketplace not only navigated the COVID-19 pandemic but ongoing to prosper, given elevated aim on pet health and wellness and the surge in pet adoption and acquisition introduced on by the pandemic.

Ending 2020 with $10.8 billion in gross sales, up approximately 13% from 2019, the pet meds marketplace in the beginning confronted an uphill struggle specified the closures of vet clinics and retail stores, threats to output and provide strains, and financial hardship that could have probably translated into lessened consumer paying out on pet care.

None of these variables were plenty of to offset the actuality that pet entrepreneurs – fully commited to their very own wellbeing and wellness – had been equally decided when it came to maintaining their pets harmless and sound, leading to above-normal growth in crucial pet medicine segments including prescription and over-the-counter parasiticides.

The veterinary sector – very long the primary sales channel for pet drugs – managed to exceed anticipations and ended the 12 months with higher-than-regular development by leveraging “concierge” pet fall-off/select-up products and services and distant procedure choices such as telemedicine.

At the similar time, the pandemic drove overall pet item profits more online, and pet prescription drugs had been no exception, with 16% of retail gross sales happening around the net, fueled by the “appropriate place at the right time” existence of new market place parts such as Chewy’s Rx compounding company and TractorSupplyRx, as nicely as the continued success of WalmartPetRx and Petco’s on the internet pharmacy.

Pet Medications in the U.S., 7th Edition examines these and other opportunities for advancement in the pet drugs market place, with a principal focus on parasiticides such as flea/tick and heartworm prevention, which are broken out at a number of ranges such as by solution type, animal sort, and approved vs. OTC.

The discussion extends to market place-shaping developments in places which includes prescription pain administration, vaccines, and most cancers prescription drugs and around-the-counter 1st aid products and solutions, with a lot of pictures illustrating promoting and merchandise tendencies.

Essential Topics Included:

Govt Summary

Industry Developments

  • Scope and Methodology
  • Marketplace Size & Composition
  • Market place Outlook
  • Looking In advance
  • Aggressive Overview
  • Retail Traits

Prescription Products

  • Prescription Goods Share of Marketplace
  • Marketer Profiles
  • Promoting and New Item Developments

OTC Items

  • OTC Pet Drugs Share of Market
  • Marketing and advertising and New Merchandise Traits

Consumer Developments

  • Pet Inhabitants and Pet Ownership Tendencies
  • Pet Acquisition in Response to COVID-19
  • Pet Medication Obtaining Styles by Item Type
  • Pet Treatment Acquiring Styles by Channel
  • Sector Opportunities
  • Opportunity 1 – Amplified Concentrate on Overall health and Wellness
  • Option 2 – Pet Populace Boom
  • Opportunity 3 – Senior Pets
  • Opportunity 4 – Omnichannel Advertising
  • Opportunity 5 – Autoship and Subscriptions
  • Opportunity 6 – Felines
  • Prospect 7 – Veterinary Sector Expansion
  • Prospect 8 – New Items Fueled by Generics and Patent Expiration
  • Opportunity 9 – Affordability
  • Chance 10 – Combo Goods

Sector Tendencies

Chapter Highlights

Scope and Methodology

  • Current market Definition
  • Product Regulation
  • Report Methodology

Sector Sizing & Composition

  • U.S. Retail Revenue of Pet Prescription drugs Solution $11 Billion in 2020
  • Share of Revenue by Animal Form
  • Share of Income by Distribution Channel
  • Pet Prescription drugs Sales by Pet-Owning Household
  • Share of Product sales by Merchandise Sort
  • Parasiticide Product sales by Variety

Market Outlook

  • COVID Has Favourable Affect on Pet Drugs Market
  • Improved Concentrate on Well being and Wellness
  • COVID Overall economy Effect on Pet Owner Spending State of mind
  • Pandemic Fuels Pet Populace Growth
  • Innovation Spurred by Value, Ease, and Basic safety
  • Veterinary Sector Rebounds Following COVID Shutdowns
  • Pet Medications Gross sales Shifting to On-line Platforms
  • Parasiticide Use Hindered by Merchandise Confusion, Perception of Possibility
  • Aging, Overweight Pets Far more Most likely to Have to have Medication
  • Competitiveness from Health supplements and Pet Food items/Treats
  • Fda Adds Merchandise to Isoxazoline Warning
  • COVID-Associated Ivermectin Abuse

Hunting Forward

  • Pet Medication Sales to Get to Almost $15 Billion by 2025

Aggressive Overview

  • Prescription and OTC Marketers
  • M&A and Investment Activity
  • Worldwide and U.S. Conglomerates Dominate Pet Prescription drugs Market place
  • Generics Growing Competitors and Spurring Innovation

Retail Traits

  • Veterinarian Best Vacation spot for Pet Meds Purchases
  • E-Commerce Attracts New Participants
  • Pet Specialty Brick & Mortar Outlets Emphasis on OTC Medications

Prescription Items

Chapter Highlights

Prescription Solutions Marketplace Share

  • Prescription Goods Account for A few-Fourths of Pet Medications Current market

Marketer Profiles

  • Dozens of Marketers Participate in Prescription Pet Medicines Market
  • Boehringer Ingelheim Animal Health and fitness
  • Elanco
  • Merck Animal Health
  • Virbac
  • Zoetis

Internet marketing and New Item Developments

  • Parasiticides
  • Flea and Tick Products
  • The Heartworm Marketplace
  • Combination Merchandise
  • Broad Spectrum Wormers
  • Vaccines and Other Medications

OTC Merchandise

Chapter Highlights

  • OTC Pet Prescription drugs Account for 23% of Market place

Marketer Profiles

  • OTC Marketers Aim on Parasiticides, Initial Help Items
  • Central Backyard & Pet
  • Ceva Animal Health and fitness
  • Hartz Mountain Corp.
  • PetIQ
  • Vetoquinol

Advertising and New Item Trends

  • Parasiticides
  • Table Examples of Foremost Over-the-Counter Flea/Tick Manufacturers, 2021
  • Flea and Tick Products
  • Broad Spectrum Wormers and Mite Solutions
  • To start with Aid Merchandise
  • Natural Items

Purchaser Developments

Chapter Highlights

Pet Population and Pet Possession Developments

  • Pet Possession Premiums
  • From Smaller sized Puppies to Medium
  • Age of Doggy and Cat Population

Pet Acquisition in Reaction to COVID-19

  • Surge in Pet Acquisition and Adoption
  • Initial-Time Pet Homeowners
  • Many Pets, Several Types of Pets
  • COVID Motivators for Pet Acquisition
  • Pet Populace Churn
  • Pet Acquisition by Generational Cohort
  • Pet Gifting for Wintertime Vacations 2020

Pet Medicine Purchasing Patterns by Merchandise Form

  • Purchasing Premiums by Solution Variety
  • Two-Thirds of Doggy or Cat Homes Use Parasiticide Merchandise
  • Tablet/Oral Medications Now Most Popular Form
  • Oral Flea/Tick Treatment More Common Among Canine Owners
  • Parasiticide Use by Amount, Age of Animals
  • FRONTLINE Most Regularly Made use of Flea/Tick Brand
  • Demographics by Parasiticide Kind
  • Demographics for Parasiticide Manufacturers

Pet Medication Getting Styles by Channel

  • Vet Clinics Most Regularly Employed Channel for Pet Meds Buys
  • APPA Details Display Comparable Purchase Patterns
  • Purchasing Patterns by Channel
  • Ease Key Motivator for On line Buys
  • Comfort Level, Advantage Driving Elements in Vet Clinic Buys
  • Parasiticide Invest in Styles by Channel
  • Share of Spending on Pet Drugs by Channel

Corporations Outlined

  • Boehringer Ingelheim Animal Well being
  • Central Backyard garden & Pet
  • Ceva Animal Wellness
  • Elanco
  • Hartz Mountain Corp.
  • Merck Animal Well being
  • PetIQ
  • Vetoquinol
  • Virbac
  • Zoetis

For additional information and facts about this report stop by https://www.researchandmarkets.com/r/aeu66s