Mexico Companion Animal Ear Infection Treatment Market Size & Outlook
Mexico companion animal ear infection treatment market, 2018-2030 (US$M)
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Mexico companion animal ear infection treatment market highlights
- The Mexico companion animal ear infection treatment market generated a revenue of USD 3.4 million in 2023 and is expected to reach USD 6.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, anti-bacterial was the largest revenue generating product in 2023.
- Corticosteroids 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 3.4 million |
| Market revenue in 2030 | USD 6.6 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Anti-bacterial |
| Fastest growing segment | Corticosteroids |
| 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, Mexico accounted for 0.5% 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 Latin America, Brazil companion animal ear infection treatment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 6.6 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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Mexico 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 44.12% in 2023. Horizon Databook has segmented the Mexico 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.
Increasing pet population in Mexico is likely to accelerate market growth. In 2018, roughly 17 million dogs and 6.59 million cats were owned by households in Mexico. In the same year, the total population of pets, including cats, dogs and others, in Mexico was approximately 28 million; 82% of Mexicans owned at least one pet.
Increasing awareness about pet care by households is likely to contribute to market growth. In 2020, almost 45% of pet owners in Mexico spent around USD $ 50.13 per month on services and products for their pets. Meanwhile, the average monthly spending of owners on pet care was from USD 50 to USD 100.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico companion animal ear infection treatment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico companion animal ear infection treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico companion animal ear infection treatment market size, by product, 2018-2030 (US$M)
Mexico Companion Animal Ear Infection Treatment Market Outlook Share, 2023 & 2030 (US$M)
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