Business
Emergent Health Acquires PharmaZu Corp. to Enter the $30 Billion Global Veterinary Medicine Market
Emergent Health Acquires PharmaZu Corp. to Enter the $30 Billion Global Veterinary Medicine Market.
About this update from Emergent Health Corp.
[{"type":"text","content":"KING OF PRUSSIA, PA / ACCESSWIRE / February 1, 2022 / Emergent Health Corp. (OTC PINK:EMGE) announces it has acquired PharmaZu Corp., a pure play, e-commerce products and service provider focused on the pet pharmacy, vet telehealth and pet wellness businesses.Formed following a successful soft launch in late 2019, PharmaZu (www.pharmazu.com) believes it is poised to emerge as one of the leading firms in the multi-billion-dollar online pet medicine industry.The global veterinary medicine market size was estimated at USD 30.8 billion in 2021 and is expected to expand to $50.8 Billion in 2028, a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028. For more information, please see Global Veterinary Medicine Market Size.Adam Brooks, CEO of PharmaZu stated " We are very excited to be a part of the Emergent Health family. With a shared commitment to hard work and quality, we know we will become an industry leader in the ever-growing Pet industry."The rising awareness about pet health and diseases are leading to an increase in demand for OTC pet medications. The availability of OTC drugs at competitive prices and through various distribution outlets is contributing to a rise in sales. Among the various medications, the demand is high for flea & tick and pain relief and arthritis products. This is due to the fact that flea allergy, dermatitis and lyme disease are most commonly occurring diseases in pets, which are transmitted by fleas and ticks. In the global OTC/Supplies segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$32.2 Billion in the year 2020 will reach a projected size of US$51.3 Billion by 2026. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period. For more information, please see OTC Pet Medications.ABOUT EMERGENT HEALTH CORPORATIONEmergent Health Corp. engages in the discovery, development and marketing of products designed to better mankind. Emergent believes it is positioning itself as a leader in the field of Regenerative Medicine defined by the N...