The global pet noise anxiety market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. Rise in the adoption of pets has led to the rise in the demand for pet medications, which fuels the growth of the market. Noise anxiety is a fear of loud noises, which includes sounds from thunderstorm or fireworks. Rise in research & development (R&D) and the introduction of novel medicines for the treatment of noise anxiety in pets are driving the growth of the pet noise anxiety market.
Market Trends, Drivers, Restraints, and Opportunities:
- Increase in disposable income and growth in spending on animals are driving the demand for pet noise anxiety treatment.
- Rise in awareness among consumers regarding the treatment and medications is propelling the market.
- High cost of the veterinary medicines is expected to hamper the market growth.
Scope of the report:
The report on the global pet noise anxiety market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes | Details |
Base Year | 2019 |
Historic Data | 2017 & 2018 |
Forecast Period | 2020–2027 |
Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Pet Noise Anxiety Market Segment Insights:
The pet medication segment to hold a significant share of the market
Based on product types, the pet noise anxiety market can be segmented into pet medications, anxiety wraps or pressure wraps, and pheromones & calming supplements. The pet medication segment is projected to grow at a significant pace during the forecast period owing to its use for the treatment of noise anxiety in animals. Conversely, the anxiety wraps or pressure wraps segment is expected to expand at a significant CAGR between 2020 and 2027. Rise in the adoption of anxiety wraps to reduce noise anxiety in pets is driving the segment.
The oral type segment held a substantial share of the market
In the terms of animal types, the market can be segregated into oral type, smear type, and injection type. The oral types segment is projected to grow at a significant pace during the forecast period due to the rise in the demand for the use of oral medicines to treat noise anxiety in animals. Rise in the development R&D and introduction of new drugs for the treatment of anxiety in pets are fueling the adoption of oral type medications.
The veterinary hospitals segment holds a significant share of the market
On the basis of end-users, the pet noise anxiety products market can be classified as veterinary hospitals, veterinary clinics, and others. The veterinary hospitals segment holds a significant share of the market owing to the rising number of veterinarians and growing adoption of medications for the treatment of noise anxiety in animals.
North America dominates the global market
Based on regions, the global pet noise anxiety market can be categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a considerable share of the global pet noise anxiety market. The US is expected to have a significant share of the market during the forecast period. Rising disposable income and growing awareness among consumers regarding pet noise anxiety products are propelling the market in the region.
Segments
By Product Types
- Pet Medications
- Anxiety Wraps or Pressure Wraps
- Pheromones & Calming Supplements
By Animal Types
By Medication Types
- Oral Types
- Smear Types
- Injection Types
By End-users
- Veterinary Hospitals
- Veterinary Clinics
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Competitive Landscape
Key players in the global pet noise anxiety market include Vets4Pets, Zoetis Inc., Pegasus Laboratories, VioVet, PetSmart Inc., PetMed, Merck & Co., Inc., Elanco US, Inc., and Pets At Home. They engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and market share.