At 4% CAGR, Animal Healthcare Market is poised to cross USD 36 billion by 2024
Dec 5, 2018
MarketStudyReport.com offers 2018 report on global Animal Healthcare market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.
Selbyville, Delaware - December 5, 2018 /MarketersMedia/ —
Historical data from 2013 is provided for Animal Healthcare Market along with estimates and forecasts to 2024 based on segmentation of Animal Healthcare industry by Pharmaceuticals, By Vaccines, By Medicated Feed Additives, By Animal Type, companies and regions. Previous years’ data offers fact based information on trends and growth graph while the forecasts aim to show an outlook of Animal Healthcare market for the next few years keeping in mind the advancements happening in the sector.
Players operating in the global Animal Healthcare market include Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, IDEXX Laboratories, Ceva Sante Animale, Virbac, Phirbo Animal Health, Vetoquinol, Kyoritsu Seiyaku, Norbrook Laboratories, Huvepharma, Dechra Pharmaceuticals, China Animal Husbandry Industry Company, Nippon Zenyaku Kogyo, Hipra, Jinyu Group, Ouro Fino Saude Animal.
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Europe animal healthcare market is forecast to expand with 2.7% CAGR over the forecast period, due to high number of pet animals, disposable incomes, increasing animal husbandry practices for meeting ever increasing demand for non-vegetarian food.
France animal healthcare market is the largest in European region and is estimated to with expand at CAGR 2.2% over the forecast period, owing to having large population of farm and pet animals. As per Eurostat, it accounted for nearly 20% of total cattle population in European region, 12% of poultry population, 8.6% of pig population and 11.3% of goat and sheep population. High income of pet owners as well as availability of pet insurance augment pet healthcare practices across the country.
Increasing demand for protein from animal source will be a high impact rendering factor on animal healthcare industry size. With human population escalating at rapid rate, there should be great demand for animal source protein in near future, resulting in introduction and adoption of new veterinary healthcare products.
Veterinary vaccines market is anticipated to expand with 3.9% CAGR during the projection years; owing to rapid increasing number of new products resulting from innovative research and development in the field. Farm animal vaccine market should reach USD 6 billion by 2024; as a result of mandatory vaccination of farm animals.
On the other side, market expansion restraining factors such as anitibiotics and antimicrobials prohibition in animal food in number of regions across the globe will be animal healthcare industry growth impeding factor. Also, affordability issues faced by pet owners in developing countries will hinder industry augmentation.
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Global animal feed market is most likely to proliferate rapidly across the globe. With increasing demand for animal source protein, rocketing use of animal feed is observed worldwide. During the forecast period, a healthy 4% CAGR is estimated to drive the veterinary medicated feed industry growth.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Animal Healthcare Industry Insights
Chapter 4. Animal healthcare Market, By Pharmaceuticals
Chapter 5. Animal healthcare Market, By Vaccines
Chapter 6. Animal healthcare Market, By Medical Feed Additives
Chapter 7. Animal Healthcare Market, By Animal Type
Chapter 8. Animal healthcare Market, By Region
Chapter 9. Company Profiles
For More Details on this Report At: https://www.marketstudyreport.com/reports/animal-healthcare-market
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