Companion Animal Ear Infection Treatment Market (By Product: Anti-bacterial, Anti-fungal, Corticosteroids, Other; By Disease Type: Otitis Externa, Otitis Media, Otitis Interna; By Mode of Administration: Topical, Oral, Otic; By Animal Type: Dogs, Cats, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Aug 2021 | No. of Pages : 150+ Pages | Category : Healthcare

The global Companion Animal Ear Infection Treatment market size is expected to be worth around US$ 977.3 Mnby 2030, according to a new report by Vision Research Reports.

The global Companion Animal Ear Infection Treatment market size was valued at US$ 631.2 Mn in 2020 and is anticipated to grow at a CAGR of 10.5% during forecast period 2021 to 2030.

Growth Factors

 The increasing prevalence of ear infections in companion animals is one of the factors responsible for the market growth. An ear infection is a second-most common condition in canines. Otitis Externa is a common disorder and one of the top reasons for increase dvet visits.

The COVID-19 pandemic acted as a catalyst for rapid business and economic changes. Moreover, popular trends, such as “bring your pet to work”, are also supporting the market growth. Companies operating in this market are widely accepting different approaches to treat otitis in companion animals. For instance, in April 2020, VirbacintroducedEasotic, a prescription medicine specified for the topical treatment of otitis externa in canines.

Report Highlights

The anti-bacterial product segment held the largest revenue share of over 54% in 2020. The segment will retain the leading position throughout the forecast period due to the rising cases of ear infections in pets. The highest incidence of ear diseases is otitis externa and the main reason for this disease is associated with a bacterial infection. According to the study published in 2019 in the Asian Pacific Journal of Tropical Biomedicine, a total of 91 out of 122 canines were positive for bacterial species.

The segment is further segmented into aminoglycosides, fluoroquinolones, and others.  led the market as it is the most widely used in companion animals. Industry players are continuously trying to expand their product portfolio with the launch of new products. For instance, in April 2020 Virbac launched Easoticotic suspension for canine otitis externa. On the other hand, the corticosteroids product segment is estimated to register the fastest CAGR from 2021 to 2030.

 The otitis externa disease type segment dominated the market with a revenue share of over 75% in 2020. Due to the typical quadruped ear canal of pets, infections are not always apparent causing them to worsen, if left unattended. Symptoms include swelling, itchiness, redness of the skin, head shaking, increased discharge, and scaly skin. Most studies found allergy as the primary cause for otitis externa (OE). Moreover, according to AVMA, up to 16.5% of canines experience OE and complications associated with it at least once in their life, which may involve further development into more serious ear infections.

The otitis media disease type segment also held a substantial share in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2030. Otitis media affects the middle part of the ear canal and is typically a secondary development in up to 60% of chronic OE cases. The most common bacteria responsible for otitis is Staphylococcus spp. Other bacteria include Pseudomonas, Proteus, Enterococcus, Streptococcus, and Corynebacterium. Although the condition is rare in horses, once infected it can become potentially dangerous or become a chronic condition, if not treated.

The topical mode of administration segment held the largest revenue share of over 63% in 2020. The topical products include ointments, creams, drops, lotion, etc. Topical ear medications are often sufficient to treat infectious or inflammatory ear conditions. Moreover, companies are launching new products in this segment. For instance, in June 2019, Virbac launched Cortavance, a topical corticosteroid spray in India across 4 metro cities. Thus, the segment is expected to dominate the market even during the forecast period.

The otic segment is expected to record the fastest CAGR over the forecast period. There are numerous otic products available in the market. EASOTIC Otic Suspension from Virbacacts as a fast-acting and easy-to-use treatment. SYNOTIC Otic Solution from Zoetis is specified for the relief of inflammation and pruritus associated with acute and chronic otitis in canine. It is formulated to treat the bacterial, inflammation, and fungal infections associated with otitis externa, thus boosting the demand.

The dogs animal type segment dominated the market with a share of over 55% in 2020. Ear infections in dogs are the second-most prevalent medical condition for veterinary visits, according to a 2020 study by Nationwide. In addition, increasing dog ownership in both developed and developing countries are contributing to the growth of the segment. 

Furthermore, according to APPA, the U.S. invested a significant amount in dog healthcare in 2020, among all companion animals. This is also expected to boost the segment growth. On the other hand, the cats animal type segment is expected to register the fastest CAGR of more than 6.5% over the forecast period. Increased concerns regarding the health and hygiene of cats are driving the growth of this segment. The younger population, especially millennials, have become very careful when it comes to the health of their pet cats.

North America dominated the market with a share of more than 59% in 2020. The presence of major animal health companies is one of the factors contributing to the market growth. Furthermore, the introduction of veterinary health information systems in the region has enabled real-time diagnosis. This is expected to facilitate R&D activities and enhance new product development. 

Report Coverage Details
Market Size US$ 977.3 Mnby 2030
Growth Rate CAGR of 10.5% From 2021 to 2030
Base year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Disease type, Mode of Administration, Animal Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Zoetis; Elanco; Dechra Pharmaceuticals; Merck & Co., Inc.; Vetoquinol; Penn Veterinary Supply, Inc.; Virbac S.A.; Ceva Santé Animale; Vedco, Inc

Key Players

  • Zoetis

  • Elanco

  • Dechra Pharmaceuticals

  • Merck & Co., Inc.

  • Vetoquinol

  • Penn Veterinary Supply, Inc.

  • Virbac S.A.

  • Ceva Santé Animale

  • Vedco, Inc. 

Market Segmentation

  • Product Outlook

    • Anti-bacterial

      • Aminoglycosides

      • Fluoroquinolones

      • Others

    • Anti-fungal

    • Corticosteroids

    • Others

  • Disease Type Outlook 

    • Otitis Externa

    • Otitis Media

    • Otitis Interna

  • Mode of Administration Outlook 

    • Topical

    • Oral

    • Otic

  • Animal Type Outlook 

    • Dogs

    • Cats

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East and Africa

      • South Africa

      • Saudi Arabia

The Companion Animal Ear Infection Treatment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Companion Animal Ear Infection Treatment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Companion Animal Ear Infection Treatment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Companion Animal Ear Infection Treatment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Companion Animal Ear Infection Treatment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Companion Animal Ear Infection Treatment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Companion Animal Ear Infection Treatment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Companion Animal Ear Infection Treatment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Companion Animal Ear Infection Treatment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Companion Animal Ear Infection Treatment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Companion Animal Ear Infection Treatment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Companion Animal Ear Infection Treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Companion Animal Ear Infection Treatment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Companion Animal Ear Infection Treatment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Companion Animal Ear Infection Treatment market. These factors have benefited the growth of the global market for Companion Animal Ear Infection Treatment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Companion Animal Ear Infection Treatment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Companion Animal Ear Infection Treatment are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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