Pet cancer therapeutics are novel anti-cancer drugs that have the ability to reduce the effect of cancerous cell. Depending on the type of cancer and its stage, pet cancer therapeutics generally include monotherapy or combination therapy. The ongoing research is mainly focused on the development of novel anticancer drugs (targeted therapy) to improve the efficacy and reduce the side effects of treatment. This has boosted the expansion of the global pet therapeutics market. For instance, as of 2015, research was focused on genetic regulatory mechanisms in canine cells to develop targeted therapies for canine cancer treatment. Furthermore, organizations such as Petco Foundation, Animal Cancer Foundation, PetCure Oncology, and Veterinary Cancer Society are conducting oncology research to develop targeted anti-cancer therapies with minimum side effects. In addition, rise in number of research grants to develop anti-cancer therapies for various cancer treatments is a major factor driving the global pet cancer therapeutics market. For instance, in 2017, the Animal Cancer Foundation (ACF) received a research grant of US$ 1 Mn from the Blue Buffalo Foundation to support oncology research that aimed at studying similarities between naturally occurring cancers in people and pets and finding effective treatment in both species.
The global pet cancer therapeutics market can be segmented based on species type, cancer type, route of administration, and geography. Based on species type, the global pet cancer therapeutic market can be calssified into dog, cat, and others. Based on cancer type, the global pet therapeutics market can be divided into lymphoma, melanoma, mast cell cancer, mammary and squamous cell cancer, and others. The lymphoma segment is expected to hold significant market share during forecast period because lymphoma is the most common type of cancer occurring in pets, especially in dogs and presence of a robust durg pipeline. In terms of route of administration, the global pet cancer therapeutic market can be split into oral, parenteral, and others. Rise in prevalence of cancer in pets, increased research and development expenditure, and growing trend of pet adoption are the factors propelling the global pet cancer therapeutic market. However, high cost of therapy and side effects associated with it and lack of awareness among pet owners are expected to hamper the market.
Based on gepgraphy, the global pet cancer therapeutic market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to a dominant region, followed by Europe. The presence of key players, increase in incidence and prevalence of pet cancer, well-established health care infrastructure, and increased research and development expenditure are expected to propel the pet cancer therapeutic market in North America and Europe. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period. The expansion is likely to be driven by India and China, owing to increased incidence and prevalence of pet cancer, rise in awareness, increased government initiatives, rise in disposable income, and developing veterinary infrastructure. The global pet cancer therapeutic market in Latin America and Middle East & Africa is anticipated to expand during the forecast period, owing to increase in investments from the market players in these regions.
Leading players in the global pet cancer therapeutic market include Oasmia Pharmaceuticals AB, Aratana Therapeutics, Inc., AB Science, Zenoaq, Morphogenesis, Inc., Rhizen Pharmaceuticals SA, Boehinger Ingelheim International GmbH, Karyopharm Therapeutics, Inc., VetDC, Inc., Regeneus Ltd., and Zoetis.
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?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.