Animal Healthcare Market Opportunity Assessment and Forecast up to 2025

India Animal Healthcare Market: Overview

• The animal health industry in India has played a vital role in safeguarding the animal husbandry interests. The technical review for veterinary products for registration in the country is carried out by the Department of Animal Husbandry and Dairying for the farm and companion animal products and the Department of Fisheries for the aqua products.
• Animal healthcare in India has undergone significant changes in the past few years due to the adoption of innovative technologies for prevention and cure of diseases in farm and companion animals

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• Zoonotic diseases are naturally transmitted from animals to humans due to the consumption of contaminated food & water and exposure to the pathogen during preparation, processing, or by direct contact with infected animals or humans.
• Rise in prevalence of zoonotic diseases and growth of the veterinary pharmaceutical industry are the major factors driving the animal health market in India
• Increase in integration of IoT with animal health monitoring solutions and surge in usage of mobile sensors and wearables to monitor animal behavior and health propel the animal health market in the country
• Regulation of animal health products in India is under the control of the Veterinary Cell of CDSCO (Central Drug Standard Control Organization).
• The biologicals and products related to veterinary healthcare are studied and evaluated by the Indian Institute of Veterinary Science (IVRI). The Department of AYUSH is responsible for bringing regulations for herbal and contemporary medicines meant for animal use.

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• Animal husbandry in India has undergone significant changes over the years due to the adoption of innovative technologies used for prevention and cure of farm and companion animals
• There has been a paradigm shift in the business approach of animal health companies that have evolved from therapeutics to preventive to productivity enhancement and now to overall animal healthcare
• Through new approaches, the animal health services and related industry has evolved and propelled the livestock and companion animal husbandry market. India's surge to the top of milk and egg production reinforces the significance of the animal health industry. The animal health industry is working together and strengthening animal husbandry in the country.

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Rise in Prevalence of Zoonotic Diseases Drives India Animal Healthcare Market

• Incidence rate and prevalence of zoonotic diseases have increased in India. This is most likely due to demographic changes, encroachment of land, and agricultural practices.
• Zoonotic diseases such as bovine encephalopathy and foodborne, vector borne, and waterborne zoonotic diseases affect socio-economic status
• Despite efforts in screening, prevention, and control, and the gathering and sharing of information learned through outbreak investigations and disease surveillance, zoonotic diseases have found a way to continue to affect the human population. However, there have been successful campaigns to limit the spread of zoonotic diseases and there is continuous effort to protect, educate, and aid the population in the fight against these diseases.

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Significant Growth of Veterinary Pharmaceutical Industry to Propel India Animal Healthcare Market

• Professionals of veterinary healthcare use veterinary drugs to treat diseases, injuries, and help the growth of animals. These are primarily used to cure diseases and prevent the spread of infectious diseases among animals. These drugs indirectly benefit human healthcare by restricting the spread of infectious diseases from animals to humans.
• Pet ownership and awareness about diseases related to animals has shown positive impact on Animal Healthcare Market. People are forming strong emotional bonds with their pets, which results in a willingness to spend on care that maintains or improves their health, including veterinary healthcare and pharmaceuticals.
Bovine Segment Held Significant Share of India Animal Healthcare Market
• Cattle are by far the most numerous type of livestock in India. The country is the leading milk-producer in the world, where dairying is considered a major source of livelihood for farmers.
• There has been a major thrust by the government to boost milk production by supporting programs for increasing milk productivity, input suppliers, and access to organized milk processing sector

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