Veterinary Eye Care Market: Overview
The veterinary eye care market may take a leap of growth during the forecast period of 2020-2030 due to an increase in the global adoption of pets and the rising cases of eye diseases among pets. Awareness about veterinary care is also an important factor that will bring good growth opportunities for the veterinary eye care market. Diabetes in pets leads to poor vision. The growing cases of diabetes among pets may also serve as an affluent growth generator for the veterinary eye care market.
Based on treatment, the veterinary eye care market can be segmented into medical treatment and surgery. Medical treatments include ointments, injections, drugs, and eye drops. Surgery includes diode laser surgery, cataract phacoemulsification and lens replacement, glaucoma drainage implant surgery, automated vitrectomy, and others.
This report on the veterinary eye care market conducts thorough research on various parameters for analyzing the ideal growth generating factors. This aspect proves to be of great help to the market stakeholder and helps them to design their business strategies accordingly. This report also covers the rapidly changing veterinary eye care market scenario. The report also sheds light on the effects of COVID-19 on the veterinary eye care market through the forecast period of 2020-2030.
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Veterinary Eye Care Market: Competitive Landscape
The veterinary eye care market is highly fragmented. The players of the veterinary eye care market are involved in neck-to-neck competition in the race of producing effective veterinary eye care mechanisms and drugs. Key players are always involved in mergers and acquisitions for maintaining their influence on the veterinary eye care market. Diverse players in the veterinary eye care market are also concentrating on developing eye drops and ointments that give temporary relief to minor eye disorders as home treatment gains traction over the forecast period.
The production of customized equipment for various canine-related eye procedures such as eyelid surgery, dislocated lens surgery, dry eye surgery, and others may gain substantial traction. Some well-entrenched players in the veterinary eye care market are I-Med Animal Health, Akorn Inc., Bausch & Lomb Inc., and Animal Eye Care LLC.
Veterinary Eye Care Market: COVID-19 Assessment
The COVID-19 pandemic has led to disruptions in the economic scenario of the globe and the veterinary eye care market is no stranger to the negative development. However, veterinary eye care, being market under the essential services is better-placed as compared to other sectors to weather the storm. As operations related to veterinary eye care are in full force even during the lockdown period, the market may suffer minimum losses.
Due to the COVID-19 outbreak, home care has gained preference due to the stay-at-home orders. As a result, eye drops and ointments for providing relief to minor eye disorders may serve as growth multipliers for the veterinary eye care market.
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Veterinary Eye Care Market: Growth Restraints
Advanced veterinary eye treatment infrastructure is not affordable and requires high investment. This factor can hinder the growth of the veterinary eye care market. The people in developing economies do not have much awareness about pet eye care. This aspect may also prove to be a growth dampener for the veterinary eye care market.
Veterinary Eye Care Market: Geographical Outlook
The veterinary eye care market is spread across Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. North America may serve as a prominent growth generating region throughout the forecast period. According to the American Pet Products Association (APPA), 67% or 85 million families own a pet. These statistics highlight the future course of the veterinary eye care market. Europe may also gain considerable growth across the forecast period due to efficient pet policies and escalating pet adoption statistics.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.