Pet Health: Products & Services Industry

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Aug 08, 2012, 07:15 ET

NEW YORK, Aug. 8, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Pet Health: Products & Services Industry

http://www.reportlinker.com/p0254410/Pet-Health-Products--Services-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Veterinar

Consumer spending on pets to reach $31.7 billion in 2016

US spending on pet health products and services at the consumer level is expected to reach $31.7 billion in 2016. Manufacturers' level pet health product demand is forecast to increase 4.6 percent annually to $5.6 billion that year. Advances in expenditures will be encouraged by the continuing trend of humanizing companion animals and their perception as family members, as well as by growth in the overall pet population. Veterinary technology will continue to adapt diagnostic and treatment techniques from human health care, stimulating value gains for newer, more costly procedures.

Revenues for pet insurance to continue double-digit growth

While the US pet health industry has traditionally been regarded as being "recession-resistant," spending was somewhat impacted by the 2007-2009 US economic recession. However, demand did not experience declines during this time, as health care is a necessary -- and, to some degree, expected -- expenditure for pet owning households. Uncertain economic conditions led to especially strong growth in demand for services such as pet insurance and for products, including dietary supplements, intended to prevent medical conditions. Among products, pharmaceuticals will retain the leading share of sales, following trends in human medical treatment. As spending on pet health has increased over the last several decades, so have the average expected lifespans of many companion animal species. Accordingly, incidences of age-related medical conditions (e.g., arthritis, cancer) have also grown. Increasingly prevalent weightrelated conditions (e.g., diabetes, heart disease) will further lead to increasing demand for products and services, as a significant number of pets are overweight or obese. In order to better afford these treatments, more owners will purchase pet insurance policies, with revenues expected to continue to grow at doubledigit annual rates.

Health care expenditures on products for cats to increase

While cats have long represented the largest segment of the pet population, spending on health care products for dogs accounted for a disproportionate 69 percent of the total in 2011. Dogs' greater time spent outdoors raises their exposure to environmental hazards, and dogs are more susceptible to certain medical conditions, such as heart disease. However, research and development into more catspecific health products will incrementally increase cats' share of the pet health product market going forward.

Study coverage

This upcoming Freedonia industry study, Pet Health: Products & Services, presents historical demand data (2001, 2006 and 2011) plus forecasts for 2016 and 2021 by pet health product, service, medical condition and animal. The study also considers market environment factors, evaluates company market share, and profiles 41 US industry producers (such as Bayer, Merck, Merial, Novartis and Pfizer) and insurers (such as Embrace, Hartville Group and Pethealth).

TABLE OF CONTENTS INTRODUCTION ix I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4

Macroeconomic Outlook 4

Consumer Income & Spending Trends 8

Demographic Trends 10

Population 11

Household Formation 13

Pet Demographic Trends 16

Cats 18

Dogs 20

Other Pets 21

Pet Health Service Provider Overview 23

Veterinary Practices & Employment 24

Non-Veterinary Pet Care 26

Pet & Pet Supply Stores 27

Pet Insurance 27

Medical Conditions 28

Pet Health Spending Overview 30

Nontraditional Health Care 33

Regulatory & Environmental Issues 34

Center for Veterinary Medicine 34

Animal & Plant Health Inspection Service 37

Environmental Protection Agency 38

Other Regulations 39

World Pet Health Care Market 40

III. SERVICES 43

General 43Veterinary Care 44Surgery 46Growth Removal 48Orthopedic 49Gastrointestinal 49Declawing & Other Cosmetic Procedures 49Neutering/Spaying 52Other Surgical Procedures 53Non-Surgical Revenues 55Non-Veterinary Pet Care 57Pet Insurance 61Available Plans 63Market Share 65

IV. PRODUCTS 71

General 71

Pharmaceuticals 73

Systemic Agents 76

Hormones & Insulin 78

Pain Control 81

Anti-Inflammatory Agents 83

Gastrointestinal Systemic Agents 85

Cardiovascular Systemic Agents 87

Respiratory Systemic Agents 88

Other Systemic Agents 89

Antibiotics 91

Other Pharmaceuticals 94

Anesthetic Agents 95

Euthanasia Agents 97

All Other Pharmaceuticals 98

Parasiticides 101

Flea & Tick 103

Heartworm 106

Other Parasiticides 108

Prescription Food 110

Dietary Supplements 112

Vaccines 116

Diagnostics 119

Other Pet Health Products 121

V. CONDITIONS 125

General 125Skin Conditions 127Heart Conditions 131Gastrointestinal Conditions 134Renal Conditions 137Arthritis 140Diabetes 143Other Conditions 146Respiratory Conditions 147Cancer 148All Other 150

VI. ANIMALS 154

General 154

Dogs 156

Cats 159

Other 163

Birds 164

Small Animals 165

Reptiles & Amphibians 167

VII. INDUSTRY STRUCTURE 168

General 168Market Share 170Industry Restructuring 176Competitive Strategies 178Cooperative Agreements 180Marketing 184Distribution Channels 185

Company Profiles 188

ADER Enterprises Incorporated 191

Bayer AG 192

Beefeaters Holding Company Incorporated 194

Boehringer Ingelheim GmbH 197

Central Garden & Pet Company 199

Colgate-Palmolive Company 202

Embrace Pet Insurance Agency LLC 204

Farnam Companies, see Central Garden & Pet

Four Paws Products, see Central Garden & Pet

FURminator, see Spectrum Brands

Hartville Group Incorporated 206

Hartz Mountain, see Sumitomo

Heska Corporation 208

Hill's Pet Nutrition, see Colgate-Palmolive

IDEXX Laboratories Incorporated 212

Intervet/Schering-Plough Animal Health, see Merck

Mars Incorporated 216

Merck & Company Incorporated 218

Merial, see Sanofi

Natura Pet Products, see Procter & Gamble

Nestlé SA 223

Novartis AG 226

Nutri-Vet, see Beefeaters

Nylabone Products, see Central Garden & Pet

PBI/Gordon Corporation 228

Pegasus Laboratories, see PBI/Gordon

PetAg Incorporated 231

Pethealth Incorporated 233

Pfizer Incorporated 236

Procter & Gamble Company 240

PTZ, see Pethealth

PurinaCare Insurance Services, see Nestlé

Royal Canin, see Mars

Sanofi 243

Sergeant's Pet Care Products Incorporated 245

Spectrum Brands Holdings Incorporated 249

Sumitomo Corporation 253

Synbiotics, see Pfizer

Trophy Animal Health Care, see PBI/Gordon

United Pet Group, see Spectrum Brands

VCA Antech Incorporated 255

Veterinary Pet Insurance Company 257

Virbac SA 259

Wellmark International, see Central Garden & Pet

LIST OF TABLES SECTION I -- EXECUTIVE SUMMARY SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 72 Personal Consumption Expenditures 103 Population & Households 134 Households & Pet Ownership 165 Pet Population 186 Pet Health Service Providers 247 Selected Pet Medical Conditions 308 Pet Health Sales & Services Revenues 32

SECTION III -- SERVICES

1 Pet Health Service Revenues by Type 44

2 Veterinary Care Service Revenues by Type 46

3 Surgery Revenues by Type 48

4 Non-Surgical Revenues by Type 57

5 Non-Veterinary Pet Care Revenues 60

6 Pet Insurance Revenues 63

SECTION IV -- PRODUCTS

1 Pet Health Product Demand by Type 722 Pharmaceutical Demand by Type & Animal 763 Systemic Agent Demand by Type & Animal 784 Antibiotic Demand by Type & Animal 945 Other Pharmaceutical Demand by Product & Animal 956 Parasiticide Demand by Type & Animal 1037 Flea & Tick Treatment Demand by Type & Animal 1068 Heartworm Treatment Demand by Animal 1089 Other Parasiticide Demand by Animal 11010 Prescription Pet Food Demand by Animal 11211 Dietary Supplement Demand by Type & Animal 11612 Vaccine Demand by Animal 11913 Diagnostics Demand by Animal 12114 Other Pet Health Product Demand by Type & Animal 124

SECTION V -- CONDITIONS

1 Pet Health Product Demand by Condition 126

2 Skin Conditions: Pet Health Product Demand by Type & Animal 131

3 Heart Conditions: Pet Health Product Demand by Type & Animal 134

4 Gastrointestinal Conditions: Pet Health Product Demand by Type & Animal 137

5 Renal Conditions: Pet Health Product Demand by Type & Animal 140

6 Arthritis: Pet Health Product Demand by Type & Animal 143

7 Diabetes: Pet Health Product Demand by Type & Animal 146

8 Other Conditions: Pet Health Product Demand by Type, Condition, & Animal 147

SECTION VI -- ANIMALS

1 Pet Health Product Demand by Animal 1552 Dog Health Product Demand by Type 1593 Cat Health Product Demand by Type 1624 Other Pet Health Product Demand by Type 164

SECTION VII -- INDUSTRY STRUCTURE

1 Pet Health Product Sales by Company, 2011 169

2 Selected Acquisitions & Divestitures 178

3 Selected Cooperative Agreements 182

LIST OF CHARTS SECTION II -- MARKET ENVIRONMENT SECTION III -- SERVICES

1 Pet Insurance Market Share, 2011 66

SECTION IV -- PRODUCTS

1 Pet Health Product Demand by Type, 2011 73

SECTION V -- CONDITIONS

1 Pet Health Product Demand by Condition, 2011 127

SECTION VI -- ANIMALS

1 Pet Health Product Demand by Animal, 2011 155