Veterinary Eye Care Market – Introduction
Veterinary eye care has been going through a phase of technological advancements, which have found effective cure for numerous ophthalmologic treatments. Increasing incidences of eye disorders among the pets in parallel to their early aging are the primary factors driving the growth of the veterinary eye care market.
Prevalence of diabetes in pets, especially in cats and dogs, resulting in poor vision has hard-pressed the pet owners to opt for veterinary eye care treatment. In addition, the rising number of households with pets coupled with increasing expenditures on pet care will deliver affluent growth opportunities to the veterinary eye care market in the forthcoming years. However, lack of awareness pertaining to the treatments for cataract in pets among pet owners is expected to dampen the growth of the veterinary eye care market.
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Veterinary Eye Care Market: Regional Outlook
Geographically, the global veterinary eye care market is segmented into North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is expected to be the dominant market in the global veterinary eye care market owing to high prevalence of eye diseases among animals and high spending on vet care as compared to other regions. The veterinary eye care market in APEJ is expected to grow at a significant CAGR due to an increase in the number of products offered by key domestic players. Europe is expected to register the second-largest share in the global veterinary eye care market throughout the forecast period owing to increased awareness about veterinary eye diseases among pet owners.
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Veterinary Eye Care Market: Key Players
The global veterinary eye care market is highly fragmented owing to presence of large number of domestic manufacturers. Some of the key players operating in the global veterinary eye care market are Bausch & Lomb Incorporated; I-Med Animal Health; Menicon Co., Ltd.; Animal Eye Care LLC and Akorn, Inc., among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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