Press release
Europe Animal Healthcare Market Business Insights and Development Analysis from 2021-2027
Animal healthcare is a medical specialty that focuses on the well-being of both companion and farm animals. It entails the detection, prevention, control, and treatment of diseases that influence animal health. The market is expected to grow as the prevalence of zoonotic illnesses rises, as well as the expansion of e-commerce platforms that promote online pharmacies. On account of multiple benefits such as convenience and decreased pricing for ordered pharmaceuticals, several developed countries across the world are serving as a focal point for the rise of high adoption of online pharmacies.The Europe Animal Healthcare Market Projected To Reach CAGR of 4.9% over 2020-2027
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Self-care, preventive medicine, and fitness are becoming increasingly popular among consumers. Furthermore, there is a rising recognition of the elevated risk of serious illness among COVID-19 patients with obesity, diabetes, and heart disease. The Europe Animal Healthcare market is being driven by the growing number of people who live an active lifestyle. Athletes are also focusing on achieving dietary requirements while engaging in physical exercise to improve their performance. This, in turn, is expected to drive the market for nutritional supplements. New tastes, ingredients, and technologies are being introduced by key market players.
Prime players of the Europe Animal Healthcare market: Zoetis Animal Healthcare, Abaxis Inc, Elanco, Bayer Ag, Ceva Animal Health Inc, Virbac, Boehringer Ingelheim International Gmbh, Idexx Laboratories, Eco Animal Health, Msd Animal Health, Vetoquinol Uk Limited,& Others.
The Europe Animal Healthcare market was dominated by North America, which accounted for the majority of revenue. This is due to a rise in health consciousness as well as the widespread availability of sports nutrition products. Market development is being aided by government measures promoting nutrition and fitness. During the forecast period, the market for sports nutrition in Europe is predicted to develop at the quickest rate. The market in Europe is likely to be driven by key factors such as increased awareness of healthy lifestyles, physical fitness, healthy eating, weight control, and nutrition goods.
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