Global Animal Health Market Future Projections on the Basis of Revenue in USD Million, 2016 – 2020 : Ken Research
How Emerging Zoonotic Diseases Is Impacting Animal Health Market Globally? • The demand for animal health care products has been increasing globally due to the rising level of awareness among the consumers related to zoonotic and other communicable diseases caused by animals such as Q fever, Tularemia, Rabies and others. It has been predicted by World Health Organization (WHO), around 55,000 people present in Asia and Africa, as of August, 2016 are suffering from rabies and the expense of their treatment in cumulative would amount at USD 590 million annually on these two continents. It has also been observed that 13 major zoonotic diseases which majorly include tuberculosis and bird flu are responsible for 2.2 million deaths globally every year.
• Presently, the global population is highly dependent on animal protein such as milk, meat, eggs and others for their daily needs, which is expected to lead to an increase in the percentage of zoonotic diseases during the future. Owing to these facts, the government of various economies has provided guidelines to use the animal health products for preventing zoonotic diseases, which is helping animal health products in generating higher revenue. • Guidelines provided by Public Health England, Washington State Department of Health, National Zoonosis Committee of Ireland, Centers for Disease Control and Prevention, and WHO are major among many which have resulted in increased use of animal health products. Fear of zoonosis is also predicted to drive the market during the forecast period as the animal owners tend to vaccinate their animals with respect to provide healthy meat and other products.
WHAT WOULD BE THE RESULT OF RISING AWARENESS AMONG ANIMAL HUSBANDRY FARMERS ON ANIMAL HEALTH MARKET DURING THE FORECAST PERIOD?
• Animal health market is expected to grow at a rapid pace with a CAGR of ~% from 2010 to 2015 owing to rising number of companion animals, increasing awareness among animal husbandry farmers, and growing efforts of government to provide healthy meat for consumption. Biologicals segment is expected to increase with a CAGR of ~% in between 2016 to 2018 due to elevating demand for vaccination of animals among animal husbandry farmers. Latin America market would gain high revenue by 2018 majorly driven by increased meat consumption in Brazil and growing animal derived products export from the country. Asia Pacific on other hand is expected to increase at a high pace by 2020 owing to the increased consumption of meat and countries contribution towards export into international market. India and Australia are projected to be the fastest growing countries, one being the major beef exporter and other being the largest beef consumer.
Figure: Global Animal Health Market Future Projections on the Basis of Revenue in USD Million, 2016 – 2020
USD Million
16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 2016
2017
2018
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2020
WHAT IS THE SCENARIO OF ASIA PACIFIC REGION IN CONTEXT TO ANIMAL HEALTH MARKET? • The snapshot on Asia Pacific animal health market included in study discusses about four major markets in the region including India, China, Australia, and Japan. India though generated very low revenue of USD ~ million in 2015 is expected to grow at a high pace during the forecast period. Rising consumption of animal proteins coupled with increasing disposable income are the major factors responsible for growth of animal health market in the country. Additionally, presence of large number of generic players along with global giants in the country has resulted in easy availability of products in diverse price range, making it affordable for people for all classes. It has been estimated that Virbac India dominated the India animal health market with the revenue share of ~% in 2015.
• China on the other hand is the largest market in the region with mandate vaccination regulation in the country. The country generated USD ~ million of revenue in 2015. Biologicals are estimated to be contributing highest in this revenue with market value of USD ~ million followed by feed additives and anti-infectives with revenue share of ~% and ~% in 2015 respectively. In terms of competition, China is estimated as the fragmented market with more than 1,500 companies operating in the country.
KEY FACTORS CONSIDERED IN THE REPORT • The market size of Global Animal Health Market • Market segmentation of Global Animal Health Market on the basis of Species, Products, and Geographical Analysis • Snapshot on North America Animal Health Market • Snapshot on Europe Animal Health Market • Snapshot on Asia Pacific Animal Health Market • Porter’s Five Forces Analysis for Global Animal Health Market • Trends and Developments in Global Animal Health Market • Competitive Landscape and Detailed Company Profiles of the Major Market Players • Future Outlook and Projections of Global Animal Health Market • Analyst Recommendations • Macro-Economic Factors Impacting the Global Animal Health Market
• Source : https://www.kenresearch.com/agriculture-and-animalcare/animal-care/global-animal-health-report-2020/54 216-104.html • Related Reports: • Indonesia Animal Health Market Outlook to 2019 – R ising Health Awareness for Pets and Meat Consumpti on to Drive Growth • Global Nutraceuticals Market Analysis till 2017 – Emerging Markets in Asia -Pacific and Latin America to Drive Growth • Global Glaucoma Treatment Drugs Market Forecast to 2020 – New Product Launches Expected to Boost Mar ket • Contact Us: Ken Research
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