Allergy to cats and dogs is extremely common and occurs in up to 25% of people with allergies. Cat allergies are twice as common as dog allergies. Cat allergens are produced in large amounts, particularly by male non-neutered cats. The allergens are partially under hormonal control. Cats produce a protein known as Fel d 1, which is allergenic to human beings when it is infected with bacteria or viruses. The infected protein is contained in a pet’s urine, saliva, and skin. The dead skin of pets known as dander is regularly sloughed off and replaced by new skin cells. The dander can flake off from a pet’s fur and become airborne. It can be carried on the clothing of people who have pets such as cats and dogs and then shed in public places. Therefore, pet allergens especially that of cats and dogs, are a component of house dust even in homes where cats and dogs have never lived.
A rise in the adoption of cats and dogs as pets in households is expected to drive the pet allergy treatment drugs market. According to data from Allergy, Asthma & Immunology Research 2018, allergies to dog and cats affected 10% to 20% of the global population with allergic rhinoconjunctivitis and allergic asthma. Moreover, the same research also stated that cat allergies are a growing public health concern as their rates are increasing across the globe.
The global pet allergy treatment drugs market can be segmented based on drug class, distribution channel, and region. Based on drug class, the global pet allergy treatment drugs market can be classified into antihistamines, decongestants, corticosteroid, and others. The antihistamines segment is projected to account for a significant share of the market in the near future. This is because antihistamines effectively bind to histamine molecules that are released during an allergy reaction. They reduce the effect of the histamine reaction, which is the main allergic reaction. In terms of distribution channel, the pet allergy treatment drugs market can be categorized into retail pharmacies, hospital pharmacies, and online pharmacies. The retail pharmacies segment dominates the market. The segment is expected to expand at a rapid pace during the forecast period. This is because a large number of patients prefer to buy products through retail channels due the availability of drugs that can be purchased over the counter without prescriptions.
In terms of region, the global pet allergy treatment drugs market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017. The region is projected to account for a significant share of the global pet allergy treatment drugs market during the forecast period, owing to a high incidence of pet allergies. The Humane Society of the United States (HSUS) 2017 report stated that an estimated 15% of the U.S. population is allergic to cats and dogs. High awareness about the effects of pets allergy on health and increase in the presence of cats and dogs in homes in European countries are resulting in a higher incidence of pets allergies. This is projected to boot the pet allergy treatment drugs market in Europe in the next few years.
Major players operating in the global pet allergy treatment drugs market include Sunovion Pharmaceuticals Inc., Allergon AB, Allergan, HAL Allergy Group, Allergy Therapeutics, Teva Pharmaceutical, Meda Pharmaceuticals Inc., GlaxoSmithKline, and Sallergenes Greer.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.