Rising prevalence of arthritis among dogs is predicted to propel growth for the global canine arthritis treatment market, says Fortune Business Insights in a report, titled Canine Arthritis Treatment Market Size, Share and Global Trend by Product (Surgical Procedures, Medications, Nutritional Therapy, Others), and Geography Forecast till 2026.” Increasing dog ownership is a factor anticipated to drive the global canine arthritis treatment market.
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Chanelle Introduces Osteopen for Arthritis treatment
Chanelle pharma, a leading pharmaceutical company announced Osteopen, treatment of arthritis in dogs along with damaging joint diseases. Osteopen (pentosan polysulphate sodium) is a semi-synthetic polymer, which has anti-inflammatory properties predominantly designed for benefiting the cartilage and other components of synovial joints. The existence of pentosane polysulphate sodium in Osteopen is predicted to support the metabolic rate of the joint structures, which in turn leads to the production of the lubricating synovial fluid hence reducing pain and reviving damaged joints. This factor is expected to fuel demand for the canine arthritis treatment and enable growth for the global arthritis treatment market. The launch of products for assisting veterinarians to treat osteoarthritis in canines is predicted to aid growth of the global canine arthritis treatment market. For instance, PetVivo Holdings, Inc. announced the commercial launch of their product offering of The Carti-Cush System (formerly, Kush System), a veterinary device which enables the reinforcement of articulating cartilage tissue for the treatment and further prevention of osteoarthritis in canines
Rising Dog Ownership to Contribute Growth
The global arthritis treatment market to witness growth during the forecast period due to the increasing prevalence of arthritis in dogs and escalating pet ownership in the countries. Conditions such as lack of nutritious food, prolonged intake of steroids and hyper-laxity, obesity, fatal injuries & accidents and diabetes are the factors contributing to the cases of canine arthritis and thus enabling growth for the global arthritis treatment market. Increasing dog ownership around the world is also fostering the growth for the arthritis treatment market. according to the European Pet Food Federation, Europe registered a growth of an estimated 4.24% in the ownership of dogs during 2016-2017. The number of pet dogs in Europe grew from 63.7 million in 2016 to 66.4 million in 2017. This factor along with the ageing of dogs is predicted to boost the global canine arthritis treatment market during the forecast period. However, difficulty in the diagnosis of canine arthritis and rising costs of canine healthcare along with lack of awareness are some of the factors hampering the growth of the global canine arthritis treatment market.
North America to dominate the global market
Geographically, the global canine arthritis treatment market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America is presently leading the global
canine arthritis treatment market. The region is predicted to dominate the global canine arthritis treatment market during the forecast period, owing to the rising prevalence of canine arthritis and growing ownership of pet dogs. According to the American Pet Products Association, an estimated 94.2 million cats and 89.7 million dogs are owned by households in the U.S. during 2017. The Asia-pacific followed by Middle East & Africa are predicted to grow significantly during the forecast period due to increasing ownership of dogs and increasing awareness of canine arthritis in the region. In addition, developing veterinary healthcare infrastructure in emerging countries such as China and India are anticipated to fuel demand for canine arthritis treatment and hence fostering the growth of global canine arthritis treatment market during the forecast period
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