Press release
What's driving Animal Healthcare Market Key Players are: Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, IDEXX Laboratories, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Norbrook Laborator
Animal Healthcare Market
Furthermore, on a global level, several government and private organizations are working towards the development of animal healthcare sector. For instance, the United States government recently introduced Feed the Future initiative, a public initiative by the government that gives training to both public and private animal health workers. This initiative also provided breeding programs, while working to create various business opportunities for slaughterhouses that are privately held in the United States.
Growing demand for online veterinary pharmacies in the developed areas to effectively diagnose animal health will also stimulate industry expansion.
Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/735
Along with these factors, several initiatives undertaken across the globe to ensure safety of animals and to provide animal healthcare are further anticipated to fuel industry expansion. The animal healthcare market is also driven by growing populations of livestock and pet as well as increasing awareness regarding animal health.
As per a research report by Global Market Insights, Inc., global animal healthcare market is estimated to surpass $172 billion by 2025.
The animal healthcare market product segment is bifurcated into medical devices, pharmaceuticals and veterinary services. Among these the pharmaceuticals segment registered a market value of $29 billion in 2018 and is further expected to leverage significant growth opportunities over the forecast time period.
Furthermore, the pharmaceuticals segment is divided into vaccines, drugs and medicated feed additives. Drugs for animal health play a crucial role since it maintains welfare of animals, reduces the risk of parasitic zoonoses as well as protects the health of animals. Moreover, these drugs are easy to administer thereby, augmenting the overall market growth.
Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/735
With respect to the animal type segment, the industry in classified into two types, namely livestock and companion animals. Companion animals segment is projected to witness a revenue share of 60% over the coming years. Availability of companion animal medicines for fruitful animal health outcomes is likely to further increase the segmental progress. In addition, companion animals have started to live longer because of rise in pet ownership and growing focus on pet healthcare.
By distribution channel, the market is segmented into online, pharmacies and distributors. Among these, the distributors segment accounted for $57 billion in 2018. Segmental growth can be attributed to various factors such as wide range of services, strong geographical network and product portfolio offered by distributors.
On the geographical front, Europe animal healthcare market is anticipated to record more than 4% CAGR owing to rising burden of animal illnesses. This growth is ascribed to rising healthcare expenditure on companion animals as well as strong foundation of prominent players in Europe.
Furthermore, various associations have also undertaken strategic initiatives to give education concerning animal health amid the population of Europe, leading to enhancement in the regional growth.
All in all, the above-mentioned determinants are likely to offer a diverse array of growth opportunities for global animal healthcare market players. The competitive landscape of global animal healthcare market includes companies like Medtronic, B. Braun Vet Care, Merck, Zoetis, Elanco, Boehringer Ingelheim, IDEXX Laboratories, Dechra Pharmaceuticals, and Neogen among others.
Moreover, implementation of organic and inorganic growth strategies is quite active among the market players as they work to sustain their respective market positions. Citing an example, Bayer Animal Health partnered with Mitsui Chemicals Agro, back in July 2018, for the development of parasiticides for companion animals. This collaboration further helped the firm expand its product portfolio.
Browse more reports: -
Molecular Diagnostics Market: - https://www.marketwatch.com/press-release/outlook-of-molecular-diagnostics-market-status-and-development-trends-reviewed-in-new-report-2020-03-09
Artificial Disc Market: - https://www.marketwatch.com/press-release/artificial-disc-market-statistics-and-research-analysis-released-in-latest-report-2020-03-09
U.S. Medical Marijuana Market:- https://www.marketwatch.com/press-release/us-medical-marijuana-market-drivers-of-growth-analyzed-in-a-new-research-report-2020-03-09
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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.
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 What's driving Animal Healthcare Market Key Players are: Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, IDEXX Laboratories, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Norbrook Laborator here
News-ID: 1959259 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
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 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…
More Releases for Animal
Animal Health Market Sets the Table for Continued Growth : Zoetis Animal Healthc …
Advance Market Analytics published a new research publication on "Animal Health Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Health market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Animal Antimicrobials and Antibiotics Market 2023 Growth and Development By Bion …
Antibiotics, also called antibacterials, are a type of antimicrobial drug used in the treatment and prevention of bacterial infections. They may either kill or inhibit the growth of bacteria. Animal Antimicrobials and Antibiotics includes Premixes, Oral Powders, Oral Solutions and Injections on the base of classification, which represent 12.4%, 14.4%, 10.4% and 56.6% of global Animal Antimicrobials and Antibiotics market.
Get Sample Copy: https://www.worldwidemarketreports.com/sample/273708
Farm Animals and Companion Animals are the…
Animal Healthcare Market Analysis Focusing on Top Key Players - Merck, Bayer Ani …
Worldwide Market Reports recently released on the Animal Healthcare market for the forecast period, 2017 – 2022 is involved in screening the business environment and the companies operating in the Animal Healthcare industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of…
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…
