The China Companion Animal Health market size was worth US$ 944.6 million in 2019 and is estimated t

Companion animal health market mainly comprises medicines, medicinal feed additives, and vaccines and caters to both foods producing and companion animals. The growing popularity of owning pets in China represents a cultural shift. China’s pet ownership is booming as 24% of the population owns dogs and 12% of the population owns cats. With urbanization and even more hectic lifestyles, the emotional demand for animal companions is growing rapidly. Companion animals, health market value, have estimated to grow during the forecast period due to rising pet populations. China has the highest average number of pet ownership between 2002 and 2016 worldwide, 273,474,190 pets in total. In 2017, a 34% market share the majority of pets in China were dogs, followed by cats with a share of 20%. The two largest cities Shanghai and Beijing of China account for much of that pet ownership, with 24% of Shanghai’s residents owning dogs and 11% owning cats. Twenty-five percent of Beijing residents own dogs, while eight percent own cats. Pet ownership is on the rise in China, which has led to increased demand for veterinary care. Owners have become more conscious of the health and well-being of their pets. Of the roughly 1.1 million animal clinics in China, 70 % are family-run practice, and the rest are mostly small medical institutions. China Animal Health Companion Market is segmented based on the product type, animal type, and end-user. Amongst all product categories, parasiticides accounted for the largest market share in 2018. Demand for parasiticides is rising because of an increase in flea and tick-infested Lyme disease in dogs and cats. Vaccines segment is anticipated to exhibit the next highest market share during the forecast period as they are being used by companion animals to help boost their immune system against disease-causing pathogens. Further, the increasing cases of healthcare problems in companion animals have driven the need for vaccinations against multiple diseas