Companion Animal Ear Infection Treatment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Companion Animal Ear Infection Treatment Market Analysis
The companion animal ear infection treatment market is expected to register a CAGR of 6% during the forecast period.
- The COVID-19 pandemic was an unprecedented health concern and significantly impacted the companion animal ear infection treatment market. Due to the COVID-19 pandemic outbreak, supply chain disruptions and shortages of veterinary medicines were observed in several countries, primarily due to the temporary lockdowns of manufacturing sites, export bans, and increased demand for medicine for the treatment of COVID-19. For instance, in November 2021, the European Medicines Agency (EMA) issued guidance for companies responsible for veterinary medicines concerning adaptations to the regulatory framework, primarily to address the challenges faced during this pandemic. Thus, the increasing initiatives taken by government organizations during the pandemic regarding the adaptations of the regulatory framework for veterinary medicines impacted market growth. In addition, an article published by the National Center for Biotechnology Information (NCBI) in April 2021 discussed the toll of the COVID-19 pandemic on the veterinary healthcare industry. It showed how socially isolated veterinary medicine practice hurt personnel. The restricted studies and practices related to veterinary medicines also raised operating costs by 0.5% during the pandemic, necessitating a further increase in professional fees, thereby impacting market growth.Therefore, looking at the overall scenario, it was observed that the COVID-19 pandemic had a significant impact on the market studied. However, currently, the market has reached its pre-pandemic nature in terms of the demand for companion animal ear infection products and is expected to witness healthy growth during the forecast period.
- The market's growth can be attributed to the increasing prevalence of ear infections in companion animals, the growing number of pet and animal healthcare services, and an increasing number of pet adoptions.
- The increasing prevalence of ear infections in companion animals drives the demand for ear infection treatment. For instance, according to the article published by the Royal Veterinary College, University of London, in September 2021, one in every 14 dogs in the United Kingdom (7.3%) suffers from an ear infection yearly. As per the same source, dogs aged over one year are at higher risk of ear infections than those under one.
- Furthermore, the People's Dispensary for Sick Animals (PDSA) 2022 findings revealed that 52% of the United Kingdom adults owned a pet in 2022, and 27% of United Kingdom adults have a dog, with an estimated population of 10.2 million pet dogs. Also, 24% of the United Kingdom's adult population has a cat, with an estimated population of 11.1 million pet cats. Thus, the statistics indicate that the burden of ear infections in companion animals can increase with the growing pet population, thereby increasing the demand for ear infection treatment products.
- Moreover, government organizations' active participation in increasing awareness regarding companion animal infection treatment products is also increasing market growth. For instance, in July 2021, the US Food and Drug Administration (USFDA) launched a new resource to improve transparency and communication with veterinarians, animal producers, and consumers about safety-related labeling changes made to FDA-approved animal drug products, including animal ear products.
- Such studies indicate the growing burden of ear infections in companion animals, boosting the demand for ear infection treatment. However, the lack of pet care and the side effects of ear infection treatment in companion animals hinder the market growth.
Companion Animal Ear Infection Treatment Market Trends
Dogs Segment is Expected to Hold a Significant Growth Rate in the Companion Animal Ear Infection Treatment Market
- The rising prevalence of ear infections among dogs and increasing companion animal ownership drive segment growth. For instance, as per an article published by the National Center for Biotechnology Information. (NCBI) in April 2022, Cutibacterium acnes (previously known as Propionibacterium acnes), Staphylococcus pseudintermedius, and Streptococcus spp are the top three most dominant bacteria found in dog ears. Also, Otitis externa, otitis media, and pineal diseases are commonly seen in companion dogs. Hence, such research studies indicate the high prevalence of companion ear infections that must be addressed, thereby driving market growth.
- Furthermore, the prominent players are actively participating in launching various drugs for treating infections in dogs, driving the segment growth. For instance, in September 2022, Vetoquinol, United States, launched Simplera (florfenicol, terbinafine, mometasone furoate) Otic Solution for Dogs. It is a single-dose treatment for canine otitis externa associated with susceptible yeast strains (Malassezia pachydermatis) and bacteria (Staphylococcus pseudintermedius).
- Moreover, in January 2023, W.F. Young introduced its new Silver Honey Rapid Ear Care line for pets, joining its Silver Honey family of products, including Hot Spot & Wound Care Spray Gel and Ointment. Silver Honey's Rapid Ear Care offers ear care products to treat ear infections effectively and naturally at home using Manuka honey and MicroSilver BG in dogs. Hence, the rising number of such product launches by key players is also augmenting segment growth.
North America is Expected to Dominate the Market
- The geographical analysis of the companion animal ear infection market shows that North America holds a major market share in the global market. This is due to the rising pet adoption and the increasing per capita animal healthcare expenditure. Additionally, the rise in various ear infections amongst animals has been identified as the primary factor fuelling market growth.
- According to the 2023-2024 APPA National Pet Owners Survey, approximately USD 136.8 billion was spent on pets in the United States in 2022 and around USD 123.6 billion in 2021. As per the same source, the United States spent around USD 35.9 billion on vet care products and USD 31.5 billion on pet supplies and OTC medicines in 2022. Thus, the increasing spending on pets in the United States is predicted to drive the studied market growth during the forecast period.
- Furthermore, there is an increasing adoption of pet insurance in the country. As per the North American Pet Health Insurance Association (NAPHIA), 4.41 million pets were insured in North America at the end of 2021. Additionally, as per NAPHIA, the average monthly cost of pet insurance is USD 50 for dogs and USD 28 for cats for plans that cover accidents and illnesses.
- Thus, due to the abovementioned factors, the market in North America is expected to witness significant growth over the forecast period.
Companion Animal Ear Infection Treatment Industry Overview
The companion animal ear infection treatment market is moderately competitive, with the presence of few major players. The market players are implementing various strategies such as acquisitions, mergers, and product launches to secure their position in the global market. These companies include Zoetis Inc., Elanco Animal Health Incorporated, Dechra Pharmaceuticals PLC, Merck & Co., Inc., and Virbac Corporation, among others.
Companion Animal Ear Infection Treatment Market Leaders
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Zoetis Inc.
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Dechra Pharmaceuticals PLC
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Merck & Co., Inc.
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Virbac Corporation
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Elanco Animal Health Incorporated
*Disclaimer: Major Players sorted in no particular order
Companion Animal Ear Infection Treatment Market News
- May 2022: Ceva Santé Animale (Ceva) acquired Artemis Technologies Inc., a Canadian manufacturer of oral rabies vaccines. This strategic move not only strengthens Ceva's market presence but also extends its footprint into the North American segment.
- January 2021: Boehringer Ingelheim received marketing authorization from the European Medicine Agency (EMA) and the European Commission for its NexGard Combo topical solution for cats. NexGard Combo eliminates fleas, ticks, and ear mites, prevents heartworm disease, and treats hookworm, roundworm, vesical worm, lungworm, and tapeworm infections.
Companion Animal Ear Infection Treatment Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Prevalence of Ear Infection in Companion Animals
- 4.2.2 Growing Pet and Animal Healthcare Services
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4.3 Market Restraints
- 4.3.1 Lack of Pet Care and Side Effects of Medications
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
-
5.1 By Product Type
- 5.1.1 Antibacterial
- 5.1.1.1 Aminoglycosides
- 5.1.1.2 Fluoroquinolones
- 5.1.1.3 Other Antibacterial Products
- 5.1.2 Antifungal
- 5.1.3 Corticosteroids
- 5.1.4 Other Product Types
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5.2 By Disease Type
- 5.2.1 Otitis Externa
- 5.2.2 Otitis Media
- 5.2.3 Otitis Interna
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5.3 By Animal Type
- 5.3.1 Dogs
- 5.3.2 Cats
- 5.3.3 Other Animal Types
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5.4 By Mode of Administration
- 5.4.1 Topical
- 5.4.2 Oral
- 5.4.3 Otic
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5.5 Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.2 Europe
- 5.5.2.1 Germany
- 5.5.2.2 United Kingdom
- 5.5.2.3 France
- 5.5.2.4 Italy
- 5.5.2.5 Spain
- 5.5.2.6 Rest of Europe
- 5.5.3 Asia-Pacific
- 5.5.3.1 China
- 5.5.3.2 Japan
- 5.5.3.3 India
- 5.5.3.4 Australia
- 5.5.3.5 South Korea
- 5.5.3.6 Rest of Asia-Pacific
- 5.5.4 Rest of World
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Vetoquinol SA
- 6.1.2 Zoetis Inc.
- 6.1.3 Elanco Animal Health Incorporated
- 6.1.4 Dechra Pharmaceuticals PLC
- 6.1.5 Merck & Co., Inc.
- 6.1.6 Virbac
- 6.1.7 Cosmos Corporation
- 6.1.8 Pet King Brands, Inc.
- 6.1.9 Nusentia
- 6.1.10 Boehringer Ingelheim International GmbH
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Companion Animal Ear Infection Treatment Industry Segmentation
Companion animal ear infection treatment encompasses veterinary diagnosis, ear cleansing, and the administration of prescribed antibiotics or antifungals guided by professional expertise for recovery and preventive care.
The market is segmented by product type (antibacterial, antifungal, corticosteroids, and other product types), disease type (otitis externa, otitis media, and otitis interna), animal type (dogs, cats, and other animal types), mode of administration (topical, oral, and otic), and geography (North America, Europe, Asia-Pacific and Rest of World).
The report offers the value (USD) for the above segments.
| By Product Type | Antibacterial | Aminoglycosides |
| Fluoroquinolones | ||
| Other Antibacterial Products | ||
| By Product Type | Antifungal | |
| Corticosteroids | ||
| Other Product Types | ||
| By Disease Type | Otitis Externa | |
| Otitis Media | ||
| Otitis Interna | ||
| By Animal Type | Dogs | |
| Cats | ||
| Other Animal Types | ||
| By Mode of Administration | Topical | |
| Oral | ||
| Otic | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of World |
Companion Animal Ear Infection Treatment Market Research FAQs
What is the current Global Companion Animal Ear Infection Treatment Market size?
The Global Companion Animal Ear Infection Treatment Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Global Companion Animal Ear Infection Treatment Market?
Zoetis Inc., Dechra Pharmaceuticals PLC, Merck & Co., Inc., Virbac Corporation and Elanco Animal Health Incorporated are the major companies operating in the Global Companion Animal Ear Infection Treatment Market.
Which is the fastest growing region in Global Companion Animal Ear Infection Treatment Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Companion Animal Ear Infection Treatment Market?
In 2024, the North America accounts for the largest market share in Global Companion Animal Ear Infection Treatment Market.
What years does this Global Companion Animal Ear Infection Treatment Market cover?
The report covers the Global Companion Animal Ear Infection Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Companion Animal Ear Infection Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Companion Animal Ear Infection Treatment Industry Report
Statistics for the 2024 Companion Animal Ear Infection Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Companion Animal Ear Infection Treatment analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
