India Animal Health Care Market: Segment Snapshot and Table of Content (2016-2024)
As per TMR, the overall opportunity in the India market for animal health care was US$0.59 bn in 2015. Researchers anticipate this market to rise exponentially at a CAGR of 8.0% during the period from 2016 to 2024 and touch a value of US$1.17 bn by the end of the forecast period. In terms of distribution channels, veterinary clinics have been leading this market and the trend is projected to remain so over the next few years.
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The Global Diabetes Drugs market is segmented on the basis of Zone, Animal Type, Distribution Channel, Therapeutic Type and Geography.
In terms of the distribution channel, the India animal health care market has been classified into veterinary hospitals, veterinary clinics, drug stores, pharmacies, and various other channels, such as direct distribution and pet shops. Veterinary clinics have emerged as the leading distribution channel for animal health care products in India and are expected to continue to be over the next few years. The segment led the overall market with a share of 33% in 2015. The increasing population of animals, growing prevalence of veterinary diseases, and the massive market penetration are the key factors behind the progress of veterinary clinics in India.
Apart from this, the veterinary hospitals and the pharmacies and drug stores segments are also expected to witness a healthy rise in their market shares, especially in emerging regions of this country over the forthcoming years. The increasing concerns over animal health are likely to boost other distribution channels in the near future.
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North India, South India, East India, and West India are the four major zones, across which, the market for animal health care has spread in this country. With a share of 37%, South India has dominated the overall market in 2015. Researchers expect this zonal market to be driven by the rising consumption of animal protein and remain on the top over the next few years. The growing trend of keeping companion animals as pets is also propelling the animal health care market in South India.
Summary of Table of Content
2. Assumptions and Research Methodology
3. Executive Summary : India Animal Health Care Market
4. Market Overview
5. India Animal Health Care Market Analysis and Forecasts, By Zone
6. India Animal Health Care Market Analysis and Forecasts, By Animal Type
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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