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U.S. Animal Healthcare Market Rapidly Growing Due to Domestic Consumption and Export of Milk and Meat
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According to the American Pet Products Association (APPA), during 2017-2018, 139.3 million freshwater fishes and 94.2 million cats will be owned by the U.S. nationals. The APPA also claims that total expenditures on the pet industry in U.S. will grow from $55.7 million in 2013 to around $69.2 million by the end of 2017. The surgical vet cost for cats and dogs will account to be $245 and $474 respectively.
The U.S. animal healthcare market is expected to grow in coming years due to growth in research activities for certain new diseases. The growth of the U.S. animal healthcare market is also attributed to the growth in domestic consumption and export of milk and meat. Veterinary service is becoming one of the recognized professions in the U.S. and the number of veterinarians has been increasing in the country.
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Some of the key players of the U.S. animal healthcare market include Zoetis, Elanco, Merial, Dechra Pharmaceuticals, Bayer Animal Heath, Virbac, Merck, Ceva Animal Health, Phirbo Animal Health, Boehringer Ingelheim GmbH and Vetoquinol.
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