This market research report provides a comprehensive overview of the global animal healthcare market in terms of demand patterns, ongoing trends, market size, and future market forecasts. The report discusses the ongoing trends in the animal healthcare market, which have a direct impact on crucial market growth factors such as plans for investment, growth strategies, and innovation.
The information and data compiled in this research report are based on primary and secondary sources of information and also includes vital inputs from industry experts and professionals. On the basis of tabular and graphical representations presented in this market study, one can clearly understand the growth path taken by the global animal healthcare market over the past couple of years.
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The historical and present-day market data also enables us to analyze the market in terms of production capacities and resource utilization. This in turn throws light on demand and supply patterns. The report provides, with the help of qualitative and quantitative facts, a detailed account of the growing significance of animal health and the subsequent impact of various end-use segments on the global animal healthcare market.
This report identifies the key participants in the global animal healthcare market and discusses each company in detail, covering information such as business strategies, recent developments, financial performance, product segments, strategic developments, and SWOT analysis.
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Overview of the global animal healthcare market
According to this report, rising incidence of diseases in animals and their subsequent carry-over to human beings owing to consumption of animal products and animal companionship is the main factor that is contributing to the growth of the overall animal healthcare market. Surging global demand for milk and meat and growing population of dietary and companion animals are the other factors which drive the animal healthcare market.
Rising consumption of meat can be attributed to high income levels, changing lifestyle patterns, and a high population growth rate. The growing trend of pet adoption also fuels the demand for animal healthcare products.
The research report segments the global animal healthcare market on the basis of animal type, product, and region. On the basis of animal type, the animal healthcare market is classified into production animals and companion animals.
Based on product type, this market is segmented into vaccines, feed additives, and pharmaceuticals. Owing to a rapidly growing animal population, the segment of feed additives holds the highest share within the product segmentation of the animal healthcare market.
The segment of vaccines and pharmaceuticals is expected to expand in the forthcoming years owing to high focus on animal immunization and high incidence of animal diseases. Geographically, the global animal healthcare market is led by North America.
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Companies mentioned in the research report
This research report identifies and profiles the following companies in the global animal healthcare market: Vetoquinol, Elanco Products Company, Boehringer Ingelheim Gmbh, Ceva Sante Animale, Virbac SA, Novartis Animal Health Inc., Bayer AG, Merial Ltd., Merck & Co. Inc., and Zoetis Inc.
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