Press release
Asia Pacific Veterinary Healthcare Market 2021 Insights and Precise Outlook -Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health, Inc.
Asia Pacific Veterinary Healthcare Market - Growth, Trends, And Forecast (2020 - 2025)The report presents an in-depth assessment of the Asia Pacific Veterinary Healthcare including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Asia Pacific Veterinary Healthcare investments from 2020 till 2025.
Major market players include Bayer Healthcare, Boehringer Ingelheim, Ceva Animal Health, Inc., Elanco, Merck Animal Health, and Zoetis and Virbac Corporation, among others.
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Scope of the Report
The Asia Pacific veterinary healthcare market is projected to have significant growth owing to increasing risk of emerging zoonosis and rising awareness regarding the animal health in Asia Pacific. Other factors responsible for the growth of the market studied include an increase in the number of farm animals and growing technological advancements in animal healthcare.
Key Market Trends
The Molecular Diagnostics Segment is expected to Have Significant Market Share
- The veterinary molecular diagnostics segment is expected to witness growth over the forecast period, due to the increasing academic research activities pertaining to veterinary molecular diagnostics and investigational techniques, primarily to target epidemic-like conditions in companion and farm animals.
- Furthermore, there is an increase in the application of molecular diagnostic techniques, primarily for the identification of bacterial diseases, like Brucella, through enzyme-linked immunosorbent assay (ELISA), Rose Bengal Plate Test (RBPT), and PCR-based diagnosis.
- For instance, the department of veterinary medical sciences at the Graduate School of Agricultural and Life Sciences, University of Tokyo, is involved in conducting advanced research at molecular, cellular, and in vivo levels, in order to fully understand vital processes of normal and diseased animals. Though the market is in the nascent stage, there are tremendous opportunities for market growth, primarily due to increased activity in academic research and government funding.
- On the other hand medical feed additives in therapeutics segment projected to hold the notable market growth due to the growing awareness, recent product launches and expansion of multinational companies accross Asia.
- For instance in march 2017, expanded its portfolio in Asia with the probiotic Ecobiol. It will be launched at VIV Asia in Bangkok. Ecobiol is designed for the use in poultry production and aquaculture. This is likely to boost the segment growth over the forecast period.
- Morover, increasing animal population, adoption in emerging countries such as India and initiatives by various governments across the Asia projected to propel the market growth over the future.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Asia Pacific Veterinary Healthcare Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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