Global Veterinary Oncology Market: Overview

The global veterinary oncology market is expected to witness robust growth in the near future. The market serves a growing demand of curing cancerous ailments among pets. This is a rising concern as various forms of cancers are rising among humans as well. Moreover, treatments like chemotherapy and targeted therapy are known to have worked in several stages of cancers, making them feasible alternatives for important life-saving applications. The rising demand from pet owners, and their affinity in several households as equal to family members make them an important part of growth for the global veterinary oncology market. Growing research and development in this field is a major boon for the market as recent studies have tracked lineage of cancer cells to canine species. This is expected to provide a major impetus for growth for the veterinary oncology market.

Get an Idea about the Offerings of Our Veterinary Oncology Market Report from this Brochure

Global Veterinary Oncology Market: Notable Developments

The global veterinary oncology market is expected to witness major growth in the near future. In 2017, the Anjmal Cancer foundation received a grant of over 1 million USD from Blue Buffalo Foundation. The grant is expected to enrich understanding about naturally occurring cancers among pets and those newly derived due to external conditions. The research is also expected to provide key answers to effective treatments for both forms of ailments. The growing research and investments into cancer are likely to help the global veterinary oncology market register a near double-digit growth in the near future.

The global veterinary oncology market also faces several challenges to growth. According to a recent study by the University of Wisconsin, costs related to diagnosis of cancers among pets can reach upwards of $1000-$2000. On the other hand, a single chemotherapy session can cost as much as $3000-5000. This is likely to remain a major barrier to growth of the veterinary oncology market. The growing insurance mechanisms and recovery of the economy are expected to ease the pain of the costs. 

Global Veterinary Oncology Market: Drivers and Restraints

The global veterinary oncology market is expected to drive robust growth thanks to rising prevalence of cancers among most preferred pets, mainly dogs and cats. Additionally, the rising awareness about these illnesses and growing research and development initiatives regarding pet illnesses are also expected to boost growth of the global veterinary oncology market. However, the rising concerns about side-effects and short lifespan of pets remains a concern in the global veterinary oncology market. Moreover, the late detection of cancers in many cases also forms a challenge as pet owners are often reluctant to invest and put their pet through painful procedures.

Expanding Operations in Future? To Get the Perfect Launch Ask for a Custom Veterinary Oncology Market Report

Global Veterinary Oncology Market: Geographical Analysis

The global veterinary oncology market is expected to witness highest growth in North America region. The widespread adoption of pets in this region coupled with Europe, the regular medical check-ups, and changing organization of families are expected to drive growth of the veterinary oncology market. Moreover, establishment of several pet clinics, large chains, and growing importance of their medical care is expected to drive growth of the veterinary oncology market. The rise in adoption of pets for prestige and special purposes like competitions is expected to be a lucrative trend for players in the veterinary oncology market.

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.