PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568638
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568638
The Global Pet monoclonal antibodies market size is anticipated to grow at 14.2% CAGR between 2024 and 2032 driven by the increasing prevalence of chronic and infectious diseases in pets, which necessitates advanced diagnostic and therapeutic solutions. Monoclonal antibodies offer targeted and effective treatment options for various conditions, such as cancer, autoimmune disorders, and infectious diseases in animals. As per reports, around 1 in 4 dogs and 1 in 5 cats suffer from cancer globally.
R and D efforts aimed at creating more effective and safer antibody therapies expand the range of available treatments, enhancing their appeal to veterinarians and pet owners. The support from veterinary pharmaceutical companies, along with regulatory approvals and increased funding for veterinary research, further accelerates market growth.
The overall industry is divided into animal, application, end user, and region.
Based on animal, the pet monoclonal antibodies market size from the cats segment is poised to grow between 2024 and 2032. This is backed by increasing recognition and treatment of feline-specific health conditions using advanced therapies. Cats are prone to various illnesses, including cancers, autoimmune diseases, and viral infections, and can benefit significantly from targeted monoclonal antibody treatments.
In terms of end user, the pet monoclonal antibodies market from the veterinary clinics segment is set to witness a significant CAGR from 2024 to 2032. This is owing to the increasing adoption of advanced diagnostic and therapeutic technologies in clinical settings. Veterinary clinics are increasingly incorporating monoclonal antibodies into their treatment protocols for various conditions, such as cancer, autoimmune diseases, and chronic infections in pets.
Asia Pacific monoclonal antibodies industry is expected to accrue notable expansion from 2024 to 2032 driven by the increasing pet ownership and rising awareness of advanced veterinary care in the region. As more people invest in their pets' health and well-being, there is a growing demand for effective and targeted treatments for chronic and complex diseases, such as cancers and autoimmune disorders.