“Global
Animal Healthcare Market Analysis & Opportunity Outlook 2021”
The global animal healthcare market
is segmented into animal type such as companion animals and commercial animals.
Among these segments, commercial animal segment is expected to occupy the top
position in the market. The rise of the commercial animal health care segment
is backed by increasing animal farming coupled with rising demand for animal
protein. Moreover, demand for drugs and medicated
feed additives are expected to rise in near future due to increasing concern
amongst the farm owners regarding production of healthy animals.
Global animal healthcare market
is expected to register a CAGR of 7% over the forecast period. Moreover, the global
animal healthcare market is expected to reach at notable revenue by the end of
2021. The market is expected to expand on the back of a number of factors such
as increasing prevalence of diseases in animals and growing demand for healthy
and safe animals and increasing concern regarding safety and health of animals.
Furthermore, increasing adoption of companion animals is also a major factor
which is fueling the growth of animal healthcare market.
North America region dominated
the overall animal healthcare market in 2014. Increasing consumption of animal
pharmaceuticals due to evolution of animal diseases coupled with rising need to
keep animals diseases free is anticipated to be the major factor behind the
growth of North America animal healthcare market over the forecast period. The
North America segment by region is likely to grow at remarkable pace during the
forecast period.
Increasing
Prevalence of Zoonotic Diseases
Rising incidences of infectious
diseases in pet animals are the major factors behind the growth of animal
healthcare market. Increasing
prevalence of infectious diseases between human and animals is a key factor
which is fuelling the demand for animal health-care products. Further, other
infectious diseases such as Ebola virus disease, salmonellosis and other are some
of the very deadly diseases which are caused by animals. This factor is spurring
the demand for animal healthcare as associated infections and diseases and can
be life-threating.
Increasing Demand for Meat
The demand for meat of various
animals is increasing which in turn increasing the beef production across the
globe. Moreover, increasing competition between farm owners to produce healthy
animals and better quality of meat at low price has led them to adopt various medicinal
feed additives and proteins. Moreover, rising trend of adoption of companion
animals and increasing spending by consumers on their healthcare are also propelling
the growth of animal health care market.
Although, strict regulations
regarding use of antibiotics in production animals and regulatory guidelines and
procedures regarding approval and licensing of animal healthcare products are
some of the factors that are likely to inhibit the growth of the animal
healthcare market in the near future.
The
report titled “Global
Animal Healthcare Market Analysis & Opportunity Outlook 2021” delivers detailed overview of
the global animal healthcare market in terms of market segmentation by product
type, by end-user type and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints, supply
and demand risk, market attractiveness, BPS analysis and Porter’s five force
model.
This report also provides the
existing competitive scenario of some of the key players of the global animal
healthcare market which includes company profiling of Zoetis Inc., Merck & Co. Inc., Bayer Health Care Pharmaceuticals
LLC, Pfizer iNC., Sanofi-Aventis, Ceva, Virbac Pharmaceuticals Company,
Boehringer Ingelheim, Heska Corporation, and Bioniche Animal Health Canada Inc.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global animal
healthcare market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: http://bit.ly/2j8onuW
Contact for more
Info:
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Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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