Animal Healthcare Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2025
“Globally, the market is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the animal healthcare market.�
The global animal healthcare market is expected to value at USD 32.04 billion by 2022. The market is subject to witness a substantial growth due to the growing prevalence of zoonotic and food-borne diseases across the globe. Development of advanced vaccines and pharmaceuticals by healthcare manufactures are expected to drive the growth of animal healthcare market over the forecast period. Increase in the number of promotional activities by both government as well as private bodies across the globe are expected to fuel market demand in the upcoming years. In addition, several healthcare organization are making serious efforts to control pathogen contamination risks and food-borne diseases. These factors are predicted to propel market demand in the near future. Globally, the market is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the animal healthcare market. The recent technological advancements animal healthcare sector coupled with development of novel drugs are expected to play vital role in future market growth. Furthermore, increasing need for expanding the existing food supply through large-scale adoption of livestock is expected to favor market growth as well. Elevated manufacturing of animal-based food products is projected to steer substantial price reduction. These factors offer easy access to food at lower prices, thus propelling the market growth. Current advances in veterinary healthcare are predicted to offer lucrative growth opportunities for industry participants over the upcoming years.
Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/animal-healthcare-market/request-sample The market is broadly categorized into four major segments based on the application type such as vaccines, food additives, pharmaceuticals and diagnostic consumables. The vaccines are considered as one of the growing segment in the animal healthcare market with substantial revenue generation in the last few years. Growing popularity of the vaccines segment is attributed to the recent technological ad vances in veterinary healthcare. The pharmaceuticals segment has also witnessed substantial growth owing to the rise in consumer awareness associated to farm animal healthcare. The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in use of latest technologies in healthcare sector, increase in number of research & development activities in the region and existence of well established medical infrastructure. Asia-Pacific region is predicted to hold major market share in the animal healthcare market with massive growth in forecast period. Countries such as India, China, Australia and Singapore are leading the Asia -Pacific market due to increasing adoption of range of definitive measures by local government animal welfare organizations and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the animal healthcare market are Zoetis, Inc., N utreco N.V., Merck& Co., Inc., Elanco, Inc., and Bayer AG. Browse Related Category Market Reports @ https://www.millioninsights.com/industry/healthcare Market Segment: Key Region • United States • EU • Japan • China • India • Southeast Asia Key Players • Merck • Bayer Animal Health • Boehringer Ingelheim Animal
• Hipra • Phirbo Animal Health • Ouro Fino Saude Animal • Vetoquinol • Kyoritsu Seiyaku • Zoetis • Norbrook Laboratories • Elanco • Ceva Sante Animale • Huvepharma • Virbac • Nippon Zenyaku Kogyo • IDEXX Laboratories • Jinyu Group • China Animal Husbandry Industry Company • Dechra Pharmaceuticals Market segment by Type • By Pharmaceuticals • By Vaccines • By Medicated Feed Additives Market segment by Application • Farm Animal • Companion Animal
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