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.