Press release
GLOBAL ANIMAL HEALTHCARE MARKET ANTICIPATED TO PROPEL AT A CAGR OF 4.91% FROM 2020 TO 2025 – AXIOM MRC
Axiom Market Research & Consulting
New York, April 4, 2019: Axiom Market Research & Consulting™ added a report on global animal healthcare market which includes study on various animal type, products, distribution channels across various countries of key regions across the globe. The global animal healthcare market was projected to grow at a CAGR of 4.91% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the animal healthcare market.
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The global animal healthcare market is studied for various animal types including farm animal and companion animal. The farm animals are widely classified into poultry, swine, cattle, sheep & goats and fish. Likewise, the companion animals include dogs, cats, horses and other animals. The products used for animal healthcare are feed additives, pharmaceuticals, vaccines and diagnostics. The feed additives majorly comprise of nutritional and medicinal additives. The pharmaceutical products for animals are anti-parasitic drugs, anti-inflammatory medications, antibiotics and others.
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The vaccines used in animal healthcare are live attenuated vaccines, DNA vaccines, recombinant vaccines and inactivated vaccines. The diagnostic segments include instruments and consumables. The animal healthcare products are supplied through distribution channels including veterinary hospitals, veterinary clinics, pharmacies & drug stores, point-of-care/in-house testing and online pharmacies.
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Animal healthcare has turned its focus area by the animal medicine industry because of upsurge in animal disease, vaccination, animal adoption and livestock. The global animal healthcare market is predictable to gain foremost traction, on the backdrop of swelling pet adoption and high consumption of milk and meat. Asia-Pacific will be the fastest growing market chiefly due to factors such as rising prevalence of zoonotic, presence of major market players involved in the manufacture of animal healthcare products and mandatory immunization of animals by the regulatory agencies and higher disposable income to keep companion animals.
Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals &Materials, Food & Beverages, Packaging Agriculture, Power & Energy.
Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.
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Ganesh Sai
Telephone: +1 (845) 875-9786
Email: sales@axiommrc.com
Website: https://axiommrc.com
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