India Companion Animal Ear Infection Treatment Market Size & Outlook
India companion animal ear infection treatment market, 2018-2030 (US$M)
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India companion animal ear infection treatment market highlights
- The India companion animal ear infection treatment market generated a revenue of USD 15.0 million in 2023 and is expected to reach USD 27.6 million by 2030.
- The India market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, anti-bacterial was the largest revenue generating product in 2023.
- Anti-fungal is the most lucrative product segment registering the fastest growth during the forecast period.
Companion animal ear infection treatment market data book summary
| Market revenue in 2023 | USD 15.0 million |
| Market revenue in 2030 | USD 27.6 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Anti-bacterial |
| Fastest growing segment | Anti-fungal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-bacterial, Anti-fungal, Corticosteroids, Others (Acaricidals, Cyclosporins) |
| Key market players worldwide | Zoetis, Elanco Animal Health Inc, Dechra Pharmaceuticals, Merck & Co Inc, Vetoquinol SA, Virbac SA, CEVA Inc, Penn Veterinary Supply Inc, Vedco |
Other key industry trends
- In terms of revenue, India accounted for 2.4% of the global companion animal ear infection treatment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan companion animal ear infection treatment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 27.6 million by 2030.
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Companion Animal Ear Infection Treatment Market Scope
Companion Animal Ear Infection Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
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India companion animal ear infection treatment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal ear infection treatment market will help companies and investors design strategic landscapes.
Anti-bacterial was the largest segment with a revenue share of 44% in 2023. Horizon Databook has segmented the India companion animal ear infection treatment market based on anti-bacterial, anti-fungal, corticosteroids, others (acaricidals, cyclosporins) covering the revenue growth of each sub-segment from 2018 to 2030.
Players are focusing on launching cancer treatment products, which is expected to drive market growth. For example, in February 2020, Vetoquinol agreed to acquire cat anti-infective products Profender and Drontal from Elanco Animal Health as a product expansion strategy.
Moreover, in In April 2019, Merck acquired Antelliq Corporation—a leading provider of digital animal identification, traceability, & monitoring solutions. This acquisition has helped the company improve its portfolio of animal vaccines and pharmaceutical solutions Increasing pet population in India is another factor contributing to India’s companion animal ear infection treatment market.
The population of pet dogs in India was estimated to be 19.5 million in 2018 and is expected to reach over 31 million by the end of 2023. The growth in number of pet dogs in India had led to an increase in pet food sales, from around USD 139 million in 2014 to approximately USD 285 million in 2018.
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Horizon Databook provides a detailed overview of country-level data and insights on the India companion animal ear infection treatment market , including forecasts for subscribers. This country databook contains high-level insights into India companion animal ear infection treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India companion animal ear infection treatment market size, by product, 2018-2030 (US$M)
India Companion Animal Ear Infection Treatment Market Outlook Share, 2023 & 2030 (US$M)
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