The animal eye care products market is estimated to reach the value for US$ 154.6 Mn by the end of the year 2020
Meridian Market Consultants (MMC) has published a new report titled, “2020-2025 Global and Regional Animal Eye Care Products Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report (Enhanced Version)”
Global Animal Eye Care Products Market, By Product (Eye Lotion, Eye Gel, Eye Wipes, Other), By Application (Dog, Cat, Other), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2025.
The global animal eye care products market is estimated to reach the value for US$ 154.6 Mn by the end of the year 2020, and expected to reach the value of US$ 204.3 Mn in the year 2025 at a CAGR of 5.3% during the forecast period of 2020 to 2025.
As per the report, the rising incidences of eye disorders among the animals across the world is primarily boosting the growth of the global animal eye care products market. Animal eye care products serve their utility in cleansing animal's eyes, keeping their eyes healthy and making animals enjoy enhanced eyesight and much enhanced quality of life. The general products for animal eye care are eye lotion, eye gel, eye wipes and other sterilizing solutions.
The veterinary or animal eye care products industry and the key manufacturers of the global market are focused on research and development activities and have been going through a stage of technical enhancements, which have found efficient healing for several ophthalmologic therapy.
Also, the animals are also facing early aging problems leading to eye disorders, resulting in driving the growth of the global animal eye care products market. In addition, the increasing prevalence of serious diseases such as diabetes in animals, specifically in dogs and cats, resulting in weak eyesight has strained the population with companion animals to opt for veterinary eye care treatment.
In addition, the rise in count of domestics with pets doubled with growing adoption of animals and growing expenses on pet care is expected to bring profitable growth opportunities to the global animal eye care products market in the forecast period.
Moreover, the major players of the global animal eye care products market are aiming their attention at leveraging expansion strategies and other major developments and enhancements in their products, thereby strengthening their position in the global market. Owing to which, the global animal eye care products market is estimated to break through in the coming years.
Furthermore, an escalation in the funding has offered a smooth path for the advancements to these animal eye care products market players, thereby propelling the growth of the global animal eye products market.
Additionally, evolution and technical enhancements in the overall healthcare industry, in recent few years, have been assisting the clinical experts to provide better treatment to animals, which is gathering traction in the animal eye care market, thus giving a positive growth to the global animal eye care products market.
MMC study identifies some of the key participating players in the animal eye care products market globally are Bausch & Lomb Incorporated; I-Med Animal Health; Menicon Co., Ltd.; Animal Eye Care LLC and Akorn, Inc., among others.
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