Global Farm Animal Healthcare Market expected to grow with a CAGR of 6.70%

The report "Global Farm Animal Healthcare Market, By Product (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics), By Animal Type (Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals), and Region - Global Forecast to 2029". Global Farm Animal Healthcare market is projected to grow from US $15.6 Billion in 2019 to US$ XX Million by 2029. Rising incidence of food-borne zoonotic diseases is the major factor driving the target market growth. For instance according to cdc.gov zoonotic diseases are very common, around the world. Experts guesstimate that more than 6 out of every 10 known communicable diseases in people are spread from animals, and 3 from every 4 new infectious diseases in people are spread from animals. However, strict regulatory rules & complex procedures for obtaining approval and licensing of animal healthcare products such factor hamper the growth of the farm animal healthcare market.

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Key Highlights:

On 3 January 2020 Boehringer Ingelheim presents DiaTEC, a new and proprietary purification technology for Ingelvac CircoFLEX. This is the first PCV2 vaccine that could be freshly mixed with an M Hyo vaccine to address two critical swine pathogens in one injection.
In January 2019, Ceva Animal Health has launched MilbeGuard (milbemycin oxime) Flavored Tablets, this is first FDA-approved generic milbemycin oxime in the U.S. beef-flavoured tablet that prevents heartworm disease, and treats and controls.
Key Market Insights from the report:

The global Farm Animal Healthcare market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented based on Product and by animal type and region.

By product global farm animal healthcare market is classified into vaccines, parasiticides, anti-infectives, medical feed additives, and other therapeutics.
By animal type global farm animal healthcare market is classified into cattle, swine, poultry, aquaculture, sheep, and other farm animals
By region, North America is expected to dominate the target market. Owing to the rising prevalence of zoonotic diseases. Additionally, the growing animal farming and growing demand for the protein-rich diet are the major factors driving the growth for the target market in the region.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Farm Animal Healthcare Market, By Product (Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics), By Animal Type (Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2029

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Links: https://prophecymarketinsights.com/market_insight/Global-Farm-Animal-Healthcare-Market-4033

The prominent player operating in the global Farm Animal Healthcare market Bayer AG, Boehringer Ingelheim International GmbH, Ceva Animal Health Inc, Elanco, IDEXX Laboratories, Merck & Co. Inc., Phibro Animal Health, Vetoquinol, Virbac, and Zoetis Inc. Key players in the market are focusing on research and development.

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