Animal Health Market 2018 by Global Analysis, products (Feed Additives, Pharmaceuticals and Vaccines), By Animal Type (production animal and companion animal) to 2025- Elanco, Virbac, Nutreco N.V

ReportsWeb.com has announced the addition of the “Global Animal Health Market Size Status and Forecast 2025”, The report classifies the global Animal Health Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

In terms of products, the market is categorized as Feed Additives, Pharmaceuticals and Vaccines. Advancements in the field of feed additives in terms of metabolic modifiers, enzymes, minerals, and probiotics helped this segment to capture large share of the market. Pharmaceuticals is considered to be the second largest market and is anticipated to grow with highest CAGR.

Animal types segment is divided into production animal and companion animal. Production animal held largest market share, i.e. USD 26.8 billion in 2017 and is projected to dominate the market share during the forecast period. Animal health products is required to grand a marketing authorization before commercialization (referred as "registration"). It is required to ensure safety, efficacy and quality of the animal products through a regulatory review. Strict guidelines for this regulatory review is expected to hamper the market growth to some extent.

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Developed regions such as North America and Europe contributed largest share, representing 65.8% of its global counterpart. Increasing government and non-government initiatives in favor of animal health related products drives the market in developed regions. For example, IFAH (International Federation for Animal Health) Europe is the organization primarily engaged in research, development and manufacturing of animal medicines, vaccines and health related products. Presence of these types of organizations in Europe supports the growth of regional market to great extent..

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET,BY PRODUCTS
Feed Additives
Pharmaceuticals
Vaccines

MARKET, BY ANIMAL TYPES
Production
Companion

MARKET,BY REGION
North America
Europe
Asia Pacific
Rest of the World

MARKET,BY COUNTRY
Further Breakdown of The North America Market
U.S.
Canada
Further Breakdown of The Europe Market
Germany
France
Rest of Europe
Further Breakdown of The APAC Market
India
China
Rest of APAC
Further Breakdown of The Rest of the World Market
Middle East and Africa
Latin America

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Competitive Landscape:
Elanco
Virbac
Nutreco N.V.
Ceva Sante Animale
Bayer AG
Merck & Co. AG

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This release was published on openPR.