NEW YORK, Aug. 8, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Pet Health: Products & Services Industryhttp://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 4Macroeconomic 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 43General 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 125General 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 168General 168Market Share 170Industry Restructuring 176Competitive Strategies 178Cooperative Agreements 180Marketing 184Distribution Channels 185
Company Profiles 188ADER 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 ENVIRONMENT1 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 -- PRODUCTS1 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 -- ANIMALS1 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 -- SERVICES1 Pet Insurance Market Share, 2011 66
SECTION IV -- PRODUCTS
1 Pet Health Product Demand by Type, 2011 73
SECTION V -- CONDITIONS1 Pet Health Product Demand by Condition, 2011 127
SECTION VI -- ANIMALS
1 Pet Health Product Demand by Animal, 2011 155
SECTION VII -- INDUSTRY STRUCTURE1 Pet Health Product Market Share, 2011 172
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Nicolas Bombourg
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