Press release
Animal Health Market Forecast till 2027 | Latest Exclusive Research by The Insight Partners
The animal health market size is projected to reach US$ 119,570.99 million by 2027 from US$ 73,798.33 million in 2019; it is estimated to grow at a CAGR of 6.3% from 2020 to 2027.
The animal health is maintained through regular screening and diagnosis of health problems. Controlling animal health by preventing animal disease epidemics and monitoring animal food supplies are vital for any economy and the safety of any country's food supply. Breeding of healthy livestock guarantees a safe supply of food and keep selling prices stable. Animal disease epidemic costs millions of dollars owing to livestock trade halts, animal slaughters, and subsequent disease elimination efforts. Animal diseases can adversely affect public health, international trade, and the stability of the agricultural sector. Diagnostics and vaccines can prevent diseases in an animal. Maintaining proper hygiene for the animal through grooming products also help prevent the outbreak of zoonotic diseases. Disease-free and healthy animals are likely to result in safer food supplies, higher farm productivity, reduced environmental impacts, and reduced use of antibiotics.
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Here we have listed the top Animal Health Market companies
Merck & Co., Inc.,Boehringer Ingelheim International GmbH,Ceva Santé Animale,Cargill, Incorporated,Zoetis Inc.,Bayer AG,Vetoquinol SA,Nutreco N.V,Virbac,Elanco
Highlights the following key factors:
1) Business description-A detailed description of the company's operations and business divisions.
2) Corporate strategy - Analyst's summarization of the company's business strategy.
3) SWOT Analysis-A detailed analysis of the company's strengths, weakness, opportunities, and threats.
4) Company history - Progression of key events associated with the company.
5) Major products and services-A list of major products, services, and brands of the company.
6) Key competitors - A list of key competitors to the company.
7) Important locations and subsidiaries - A list and contact details of key locations and subsidiaries of the company.
8) Detailed financial ratios for the past five years - The latest financial ratios derived from the annual financial statements published by the company with 7 years history.
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Biotechnology, medical devices, pharma Industry, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Animal Health market globally. This report on 'Animal Health market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcases market trends and forecast to 2028, factoring the impact of Covid -19 Situation.
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In terms of type, the Animal Health in healthcare market is segmented on Based on product, the global animal health market is segmented into prescription and non-prescription. The prescription segment is sub-segmented into vaccines, pharmaceuticals, feed additives, and diagnostics. The non-prescription segment is further categorized into parasiticides, grooming products, and nutrition/supplements. Based on animal type, the global animal health market is segmented into production animal and companion animal.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Animal Health Market based on product and application. It also provides market size and forecast till 2028 for overall Animal Health Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors etc.
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