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Wildlife Health Market Size, Top key Players, Emerging Trends And Production Analysis Report By 2033

11-27-2024 12:13 PM CET | Health & Medicine

Press release from: The Business research company

Wildlife Health Market Size

Wildlife Health Market Size

"The Business Research Company recently released a comprehensive report on the Global Wildlife Health Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=12183&type=smp

According to The Business Research Company's, The wildlife health market size has grown rapidly in recent years. It will grow from $2.26 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to habitat destruction, availability of wildlife veterinary care facilities, advanced technologies in delivering medicines for animals in sanctuaries/zoos, increasing government initiatives to prevent zoonotic diseases from wild reservoirs.

The wildlife health market size is expected to see rapid growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to surging demand for various animal health products, regional prospects, growing demand for companion animal health products, strategic moves by industry leaders, increasing demand for veterinary software. Major trends in the forecast period include global collaboration in disease surveillance, data analytics and artificial intelligence, growing number of wildlife conservation measures, programs and funding activities.

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Market Drivers and Trends:

The increase in the incidence of zoonotic diseases is expected to propel the growth of the wildlife health market going forward. A zoonotic disease is any illness or infection that can spread spontaneously from animals to humans or from humans to animals. Increasing zoonotic diseases would help advance and develop various health-related products for wildlife health. For instance, in December 2022, according to the European Food Safety Authority, an Italy-based decentralized agency of the European Union, in Europe, there were 127,840 recorded cases of zoonotic diseases in 2021 compared to 120,946 in 2020. Further, in contrast to 52,702 in 2020, salmonellosis was the second-most commonly reported zoonotic disease, affecting 60,050 people in 2022. Therefore, the increase in the incidence of zoonotic diseases is driving the growth of the wildlife health market.

Advancements in technology are a key trend gaining popularity in the wildlife health market. Major companies operating in the wildlife health market are adopting new technologies to sustain their position in the market. For instance, in August 2021, Merck Animal Health, a US-based manufacturer and developer of vaccines and pharmaceutical medicines for animal health, launched WHISPER ON ARRIVAL technology that transforms decision-making. It is uniquely designed technology with a specialized sound collection device and a predictive algorithm that predicts and analyzes the risk of animal sickness. It allows the farmers and veterinarians to determine the treatment of Bovine Respiratory Disease (BRD).

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Bayer AG, Novartis AG, Merck & Co Inc., Boehringer Ingelheim International GmbH, CSL Limited, Zoetis Inc., Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Génia USA Inc., Ceva Santé Animale, Orion Corporation, Virbac Group, Royal Canin, Emergent BioSolutions Inc., Ceva Santé Animale Group, Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, Dechra Pharmaceuticals, Huvepharma, Vétoquinol, Vetoquinol S.A., Indian Immunologicals Limited, Norbrook Laboratories Limited, Heska Corporation, Biogenesis Bago, Animalcare Group plc, Pneu-Dart Inc., PetAg Inc.

Wildlife Health Market 2024 Key Insights:

• The wildlife health market size is expected to see rapid growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• Rising Incidence Of Zoonotic Diseases Propels Growth In The Wildlife Health Market
• Companies Embracing Technological Innovations
• North America was the largest region in the wildlife health market in 2023

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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The Business Research Company
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Email: info@tbrc.info

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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