openPR Logo
Press release

Animal Healthcare Market 2018 Forecasts on Industry Players | Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, IDEXX Laboratories, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Norbrook Labo

12-11-2018 11:09 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Animal Healthcare Market Analysis | Industry Size, Share, Report, 2024

Animal Healthcare Market Analysis | Industry Size, Share, Report, 2024

Animal healthcare market landscape to be strongly underlined by technology penetration and M&As, global share to surpass USD 36 billion by 2024.

Major Players operating in the industry include:-
• Zoetis
• Merck
• Elanco
• Bayer Animal Health
• Boehringer Ingelheim Animal Health
• IDEXX Laboratories
• Ceva Sante Animale
• Virbac
• Phirbo Animal Health
• Vetoquinol
• Kyoritsu Seiyaku
• Norbrook Laboratories
• Huvepharma
• Dechra Pharmaceuticals
• China Animal Husbandry Industry Company
• Nippon Zenyaku Kogyo
• Hipra
• Jinyu Group
• Ouro Fino Saude Animal

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/735

Pfizer’s spun out Zoetis, the most renowned name in animal healthcare industry, has set another milestone in the animal health fraternity by its acquisition of Nexvet, an Irish biological therapeutics company. The pact has further strengthened Zoetis’ position in animal healthcare market by building a strong solution pipeline for the company to sustain its leadership in chronic pain management for companion animals. This trend itself bears a testimony to the fact that the escalating pet ownership rate is indeed creating a remarkable impact on animal healthcare industry trends.

Burgeoning adoption of pet animals across the world, especially in developing countries is one of the major factors driving the global animal healthcare market growth. With increasing disposable incomes, pet owners afford to spend more on pet healthcare, resulting in expanding animal healthcare industry size.

Constantly growing demand for animal source protein around the world is a highly responsible factor for development of various animal pharmaceuticals and biologicals. With global population expanding at an alarming rate, the demand for animal source protein will only increase, resulting in more animal farming and demand for animal healthcare products during the forecast timeframe.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/735

Furthermore, several government initiatives to promote animal healthcare practices and rapid developments in the field of animal medicine will be high impact rendering factors during the forecast period.

However, prohibition on use of antibiotics and antimicrobials in animal feed in many countries, high cost associated with animal testing and low out-of-pocket pet healthcare expenditure in developing countries will restrain the animal healthcare market size expansion noticeably in years to come.

Ectoparasiticides and endoparasiticides market experienced high growth in past decade, owing to escalated awareness about parasites and their ill-effects on animal and human health. Intensifying use of various parasiticides, especially in rapidly growing number of farm animals should drive animal parasiticides’ demand. Also, rapidly popularizing trend of humanizing animals as companion will augment ectoparasiticides market growth during the projection period.

Veterinary vaccines market is poised to expand with a commanding CAGR of 3.9% in coming 5-7 years. Increasing vaccination of consuming animals as a result of various government and non-government vaccination programs should augment demand. Pet animal vaccines market is estimated to cross USD 2.4 billion by the end of 2024, owing to escalating pet population and availability of new products.

Medicated feed additives market is poised to grow with a high CAGR of over 4% during the forecast timeline. Use of amino acids in feed happens to be most popular practice around the world; with objective to increase meat production, the demand for amino acids aided feeds should rise in years to come.

North America animal healthcare market is estimated to grow with low but steady 2.2% CAGR over the forecast period, owing to sky-high number of pet animals, high disposable incomes of pet owners, escalated awareness about health of food animals, availability advanced animal medicines and presence of established companies.

The United States animal healthcare market is at verge of reaching maturation; however, advancements in animal pharmaceuticals, biologicals and personalized pet medicines should continue to fuel the market growth during the forecast timeframe.

Europe animal healthcare market held more than 25% of market share in 2017 and dominated by France animal healthcare market. Animal source protein in daily diet is a major factor for high use of pharmaceuticals in animal health industry across Europe. With intentions to curb spreading of zoonotic diseases, the demand for endoparacitisides and anti-infectives is mostly like to increase in coming years.

Zoetis, Merck, Elanco, Bayer, Boehringer Ingelheim, Virbac, Ceva Sante Animale, Phirbo Animal Health, Vetoquinol are some of the major companies in the market. Merger and acquisition, new product development and geographical expansion are some of the strategies adopted to gain market share.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Animal Healthcare Market 2018 Forecasts on Industry Players | Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, IDEXX Laboratories, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Norbrook Labo here

News-ID: 1431642 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Animal

Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market Developing Regions to Overpower Developed Ones With Regard to Demand The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their
Animal Growth Promoter Market Outlook To 2023 – Bayer Animal Health, Biomin, B …
Nov 2018, New York USA (News)- Different categories of feed additives for farm animals are referred to as natural growth promoters (NGPs) or non-antibiotic growth promoters. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. NGPs include predominantly organic acids, probiotics, prebiotics, synbiotics, phytogenics, tannins, feed enzymes and immune stimulants, an ongoing search for alternatives has created a large variety of NGPs for pigs,
Animal Antimicrobials and Antibiotics Market Key Players : Animal Health, Bayer …
The term antibiotic or antimicrobial is used for those agents who kill or inhibit the growth of microorganism. The antimicrobials products have significant benefits to the animal and to human food safety. There are researches, which have proven that an increase in the rate of animal illness results in higher rate of human illness. Therefore, livestock dealers depend on animal antibiotics to provide safe food. The scope of this report
Animal Hormones Market Brief Analysis By Top Key Players - Bayer Animal Health, …
MarketStudyReport.com adds a new 2018-2023 Global Animal Hormones Consumption Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. This report presents a comprehensive overview, market shares, and growth opportunities of Animal Hormones Market by product type, application, key manufacturers and key regions. Over the next five years, Animal Hormones market will
Global Animal Healthcare Market 2018 Key Players: Merck, Bayer Animal Health, Bo …
Animal Healthcare Market: WiseGuyReports.com adds “Animal Healthcare Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2025” reports to its database. Executive Summary This report studies the global Animal Healthcare market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Animal Healthcare market by companies, region, type and end-use industry. This report focuses on the global top players, covered Merck Bayer Animal Health Boehringer Ingelheim Animal Hipra Phirbo Animal
Companion Animal Healthcare Market 2023 Leading Players | Bayer Animal Health (G …
The Global Companion Animal Healthcare Market is expected to reach USD 20 billion by 2023 at a CAGR of 9.6% during forecast period 2017 to 2023. Companion animals are pets which are kept for protection of a person, company, property or residence. These animals help to avoid theft and render safe environment. Dog and cats are the most popular pets. Companion animals play an important role in the lives of many,