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Why You Should to Aware About The Animals Healthcare Market? Competitive Analysis On Zoetis, Bayer AG, Boehringer Ingelheim GmbH, Virbac S.A., Hester Biosciences Ltd., and Intas Pharmaceuticals Ltd

Why You Should to Aware About The Animals Healthcare Market?

Animals are more susceptible to a wide range of contagious diseases such as peste des petits ruminants, foot-and-mouth disease, bovine pleuropneumonia, Newcastle disease, classical and African swine fever, and influenza (particularly equine and avian influenza), among others, through direct or indirect contact. Peste des petits rumi-nants (PPR) or goat plague is highly contagious disease that generally affects small ruminants. According to the Food and Agricultural Organization, PPR virus can infect up to 90% of small ruminant population and can even result in deaths of 30–70% of the animal population.

A significant increase in animal farming has led to a rise in demand for animal health services for improvement of food safety systems and veterinary public health in order to safeguard human health. The adoption of animal healthcare services is highly dependent on the fiscal, political, and institutional factors of the country. In order to increase the adoption of animal health services, governments directly take part by increasing awareness among the general population regarding animal diseases and privatization of animal healthcare services.

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Animal healthcare providers on the other hand are levelling up the game with the implementation of various strategies. Manufacturers are focused on developing new products to increase the acceptance of Animal Healthcare, thus expecting to increase their respective market shares.

The companies are focusing on outsourcing the manufacturing of animal healthcare products in order to reduce their manufacturing costs and also compete in the market with reduced prices. Some of the leading companies operating in the global animal healthcare market are Bayer AG, Boehringer Ingelheim GmbH, Virbac S.A., Zoetis, Inc., Hester Biosciences Ltd., and Intas Pharmaceuticals Ltd.

According to a report published by Persistence Market Research (PMR), the global animal healthcare market is expected to witness a CAGR of 4.8% from 2017 to 2025. In 2017, the market was worth US$ 30,744.2 Mn and is estimated to rise to a valuation of US$ 44,847.2 Mn by the end of 2025.
One such scheme in Europe is Livestock Insurance, which was implemented to increase the effectiveness and efficiency of animal healthcare systems. Another case that can be considered is of the U.K. government compen-sating direct loses incurring owing to the outbreaks from the EU compensation schemes and the U.K. national budget.

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Mounting concerns over the provision of illicit drugs in developing and under-developed countries are expected to restrain the growth of animal healthcare market. Illegal drugs are unregistered and falsified, counterfeit products, and unapproved parallel imports. This also includes illegal autogenous vaccines and compounded pharmaceuticals.

These products are not manufactured or used appropriately in accordance with regulations. The risk of illegal medicines is not only due to lack of efficacy and safety of animals but they also affect the sale of approved drugs. Use of counterfeit medicines for animal health, which are usually cheap and of low quality, has a strong negative impact on the branded drugs market. Trend of counterfeit medicines is more commonly seen in under-developed and developing countries and as a result, the demand of the approved medicines witness a decline.

List of Figures

• Figure 01: Global Animal Healthcare Market by Drug Type (2017)
• Figure 02: Global Animal Healthcare Market by Animal Type (2017)
• Figure 03: Global Animal Healthcare Market by Route of Administration (2017)
• Figure 04 : Global Animal Healthcare Market by Distribution Channel (2017)
• Figure 05 : Global Animal Healthcare Market By Region (2017)
• Figure 06 : North America Animal Healthcare Market Value Share (%) By Drug Type (2017)
• Figure 07 : North America Animal Healthcare Market Value Share (%) By Animal Type (2017)
• Figure 08 : North America Animal Healthcare Market Value Share (%) By Route of Administration (2017)
• Figure 09 : North America Animal Healthcare Market Value Share (%) By Distribution Channel (2017)
• Figure 10 : North America Animal Healthcare Market Value Share (%) By Country (2017)
• Figure 11 : North America Animal Healthcare Market Size Analysis, 2012–2016
• Figure 12 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025
• Figure 13 : U.S. Animal Healthcare Market Size (US$ Mn) Analysis, 2012–2016
• Figure 14 : U.S. Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025
• Figure 15 : Canada Animal Healthcare Market Size (US$ Mn) Analysis, 2012–2016
• Figure 16 : Canada Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025
• Figure 17: North America Animal Healthcare Market Size Analysis, 2012–2016, By Anti-Infective Agents
• Figure 18: North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Anti-Infective Agents
• Figure 19 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Anti-Inflammatory & Analgesic Agents
• Figure 20 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Anti-Inflammatory & Analgesic Agents
• Figure 21 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Parasiticides
• Figure 22 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Parasiticides
• Figure 23 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Vaccines
• Figure 24 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Vaccines
• Figure 25 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Hormones & Substitutes
• Figure 26 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Hormones & Substitutes
• Figure 27 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Nutritional Products
• Figure 28 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Nutritional Products
• Figure 29 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Others
• Figure 30 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Others
• Figure 31 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Companion Animals
• Figure 32 : North America Animal Healthcare Market Size (US$ Mn) & Y-o-Y Growth (%), 2017–2025, By Companion Animals
• Figure 33 : North America Animal Healthcare Market Size Analysis, 2012–2016, By Farm Animals

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ABOUT US:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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