Veterinary/Animal healthcare market report gives a comprehensive outlook on veterinary/animal healthcare market across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on veterinary/animal healthcare market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, animal type, route of administration, distribution channel, and geographic regions. This report studies veterinary/animal healthcare market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, veterinary/animal healthcare market report includes animal demographics; regulatory scenario, top meat producing countries, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. A sample of this report is available upon request @
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The veterinary/animal healthcare market estimated to be valued US$ 35.8 Bn in 2017 and poised to grow at CAGR of 4.7% over 2017-2023. The market for Veterinary/Animal Healthcare projected to reach US$ 47.1 Bn by 2023 due to increased adoption of companion animals in emerging and developed countries and rising consumption of meat across the globe.
The rising incidences of zoonotic disease in several developed and developing countries expected to create demand for animal healthcare products like drugs and vaccines over the forecast period. According to U.S. Centre for disease control and Prevention (CDC) every year tens of thousands of people get sick due to disease spread from animals to humans and it is believed that more than six out of every 10 known infectious diseases in people are spread from animals, and three out of every four new or emerging infectious diseases in people are spread from animals, which can be prevented by appropriate health care to animals.
North America accounted for larger revenue share in global animal healthcare market with moderate CAGR. There has been increasing awareness among cattlemen in U.S. regarding animal rearing, animal health and proper vaccination and judicious use of antibiotics in animals, which are driving the market revenue growth in the region. Asia Pacific market projected to grow at significant rate owing large pool of animal population coupled with increased incidences of several zoonotic diseases.
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Competition Assessment
Key players profiled in the global veterinary/animal healthcare market include:
• Bayer AG (Germany)
• Boehringer Ingelheim GmbH (Germany)
• Cargill, Inc. (U.S)
• Ceva Santé Animale (France)
• Eli Lilly and Company (U.S)
• Koninklijke DSM N.V. (Netherlands)
• Merck & Co., Inc. (U.S)
• Novartis AG (Switzerland)
• Nutreco N.V. (Netherlands)
• SeQuent Scientific Ltd. (India)
• Vétoquinol S.A. (France)
• Virbac S.A. (France)
• Zoetis Inc. (U.S)
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