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.
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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.
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. 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.
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Market Segment:
This report studies the global Animal
Healthcare market, analyzes and researches the Animal Healthcare development
status and forecast in United States, EU, Japan, China, India and Southeast
Asia. This report focuses on the top players in global market, like
•
Merck
•
Bayer Animal Health
•
Boehringer Ingelheim Animal
•
Hipra
•
Phirbo Animal Health
•
Ouro Fino Saude Animal
•
Vetoquinol
•
Kyoritsu Seiyaku
•
Zoetis
Market segment by Regions/Countries,
this report covers
•
United States
•
EU
•
Japan
•
China
•
India
•
Southeast Asia
Market segment by Type, the product can
be split into
•
By Pharmaceuticals
•
By Vaccines
•
By Medicated Feed Additives
Market segment by Application, Animal
Healthcare can be split into
•
Farm Animal
•
Companion Animal
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