The Prospect of the Pet Medicine Industry

Pet breeding needs careful care. At present, there are many antiviral diseases, and even if vaccinated, the virus infection cannot be completely isolated. Pet medicine is the largest sub-field of pet service. It started late in China, but it is developing rapidly. Now the market structure is uncertain, but with the entry of capital, there will be huge room for expansion and growth in the future. The data shows that in 2020, the number of pet cats and dogs in China's cities and towns will be nearly 100 million. Pet breeding has developed from animal sexual function to family companionship. Especially for urban youth, the financial investment in pets is considerable. Pet owners pay more attention to pet health and pet medicine and take care of them from the aspects of pet feeding, vaccination, health products, and physical examination. Pet medicine mainly consists of three parts: pet medicine, pet hospital, and pet vaccine.

Here is the content list:

l Medical treatment for pets has its particularity.

l The prospect of pet medicine.

Medical treatment for pets has its particularity.

Pets can't talk and tell doctors what's wrong, so doctors have to use related equipment to check. In terms of pet powder devices, pets have special drugs. At present, Chinese veterinary drug enterprises mainly focus on raw materials and economic animal drugs, while the research and development and sales of pet drugs are less, and imported drugs with high prices occupy most of the market share. At the same time, pets don't have medical insurance, so the cost is naturally high. It is understood that pet diarrhea treatment may cost one or two hundred yuan, sterilization operation costs nearly 1000 yuan, and fracture operation costs 2,000 yuan to 3,000 yuan. In the case of tumor resection, one-time resection will cost 1000-3,000 yuan, the cost of postoperative recovery will be calculated separately, and the cost of anesthesia and color Doppler ultrasound is not low.

The prospect of pet medicine.

At present, domestic pet drugs are facing the dilemma of fewer categories and low quality. At present, the import manufacturers account for nearly 70% of the domestic pet drug market. From 2014 to 2019, there were 37 new registered pet drugs in domestic enterprises (according to the statistics of common names, vaccines and detection reagents are not included in the statistical range), and the first-class new drugs accounted for less than 10%. For pet vaccines, the market share of foreign-funded enterprises has reached over 90%. According to the statistics of IFAH in 2020, the output value of pet medicine accounts for 38% in mature markets such as the United States. At present, the market of pet medical insurance in China accounts for about 20%, and the market of pet hospitals is scattered, and the number of chain hospitals accounts for less than 15%. Among the nearly 15,000 pet hospitals in China, 80%-90% of pet hospitals are operated by small-scale single stores or less than 10 chain stores. The market is scattered, and the number of large-scale chain hospitals accounts for less than 15%. In terms of operation, pet hospitals in China are diversified, mainly focusing on medical treatment, taking into account commodity sales and bathing beauty. The specific data shows that the proportion of medical services in the pet hospital service category is as high as 96.8%, followed by merchandise sales and bathing beauty, accounting for 86.7% and 71.6% respectively. The profit point of the hospital is to make use of the advantages of doctors and equipment to earn service fees. Identify your profit points, form your own super competitive power based on professional services, and create and exert your greatest value. In recent years, the net interest rate of pet hospitals in China is more than 25%, the profitability is relatively stable, and the profitability has a good prospect.

In general, pet medicine is the main content of the company. For consumers, pet medicine is useful, which is beneficial to enhance the pet common sense of consumers. The company will be more committed to producing more pet products for consumers, such as pet tablets, pet injections, pet oral solutions and more. If you are interested in your pet tablets, you can visit our website for consultation, our website is https://www.topsurfolding.com/products.html.