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What's driving the Animal Healthcare Market Outlook 2024? Top Companies like Bayer Animal Health, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Zoetis, Merck, Elanco, , Norbrook Laboratories, Huvepharma, Dechra Pharmaceut

03-28-2019 06:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

What's driving the Animal Healthcare Market Outlook 2024? Top

The study on the global market for Animal Healthcare evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market for Global Animal Healthcare significantly. The expansion in the various related industry is also expected to reflect positively on the sales of Global Animal Healthcare product over the next few years.

France animal healthcare market is the largest in European region and is estimated to with expand at CAGR 2.2% over the forecast period, owing to having large population of farm and pet animals. As per Eurostat, it accounted for nearly 20% of total cattle population in European region, 12% of poultry population, 8.6% of pig population and 11.3% of goat and sheep population. High income of pet owners as well as availability of pet insurance augment pet healthcare practices across the country.


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Europe animal healthcare market is forecast to expand with 2.7% CAGR over the forecast period, due to high number of pet animals, disposable incomes, increasing animal husbandry practices for meeting ever increasing demand for non-vegetarian food.

Animal Healthcare Market is poised to cross USD 36 billion by 2024, as per a new research report. Around the world, growing trend of animal adoption as pets and companions is driving the demand for various animal healthcare products; thus, augmenting veterinary healthcare market growth. Increasing demand for protein from animal source will be a high impact rendering factor on animal healthcare industry size. With human population escalating at rapid rate, there should be great demand for animal source protein in near future, resulting in introduction and adoption of new veterinary healthcare products.
Veterinary vaccines market is anticipated to expand with 3.9% CAGR during the projection years; owing to rapid increasing number of new products resulting from innovative research and development in the field. Farm animal vaccine market should reach USD 6 billion by 2024; as a result of mandatory vaccination of farm animals.

Global animal feed market is most likely to proliferate rapidly across the globe. With increasing demand for animal source protein, rocketing use of animal feed is observed worldwide. During the forecast period, a healthy 4% CAGR is estimated to drive the veterinary medicated feed industry growth. On the other side, market expansion restraining factors such as anitibiotics and antimicrobials prohibition in animal food in number of regions across the globe will be animal healthcare industry growth impeding factor. Also, affordability issues faced by pet owners in developing countries will hinder industry augmentation.

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Players operating in the global Animal Healthcare market 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.

Table of Content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Animal Healthcare Industry Insights
Chapter 4. Animal healthcare Market, By Pharmaceuticals
Chapter 5. Animal healthcare Market, By Vaccines
Chapter 6. Animal healthcare Market, By Medical Feed Additives
Chapter 7. Animal Healthcare Market, By Animal Type
Chapter 8. Animal healthcare Market, By Region
Chapter 9. Company Profiles

For More Details on this Report At: www.marketstudyreport.com/reports/animal-healthcare-market

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https://www.marketstudyreport.com/reports/animal-parasiticides-market/?utm_source=RR-DC

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