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Animal Healthcare Market .pdf

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Author: P&S

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Global Animal Healthcare Market (Size of
$29,537 Million in 2015) to Witness 7%
CAGR During 2016 – 2022


Animal Healthcare Market

The global animal healthcare market is expected to grow from $29,537.4
million, at a CAGR of 7.0% during 2016-2022. Among the various products,
endoparasiticides, anti-inflammatories and others accounted for largest
share in the global animal healthcare market in 2015.
Explore report description with detailed ToC:
The increasing population of production animals and companion animals is
supporting the growth of the global animal healthcare market. The
production animals are nurtured by the consumers for milk and meat
related products; whereas, companion animals are adopted for office or
house guards and companionship.

Animal Healthcare Market

The increasing transfer of diseases from animals to humans, through
companionship and consumption of products sourced from them, are
driving the demand of the global animal healthcare market. Legislations and
protest of animal institutions and activists, and excess use of antibiotics in
production animals are some of the factors restraining the growth of the
animal healthcare market. Most of the animal healthcare companies are
concentrating on research and development activities to offer better
vaccine and pharmaceutical products for the prevailing diseases. The top
ten competitors in the global animal healthcare market accounts for 75% of
the total market share, which creates more competition in the market.

Animal Healthcare Market

The information and data in the publication “Global Animal healthcare
Market Size, Share, Development, Growth and Demand Forecast to 2022”
represent the research and analysis of data from various primary and
secondary sources. Bottom-up approach has been used to calculate the
global animal healthcare market by product and animal type. The market
numbers for countries are obtained through top down approach. P&S
Market Research analysts and consultants interact with leading companies
of the concerned domain to substantiate every value of data presented in
the report. The company bases its primary research on discussions with
prominent professionals and analysts in the industry, which is followed by
informed and detailed, online and offline research.
The growing population, increasing per-capita income level, and changing
lifestyle of the consumers are some of the factors leading to increased meat
consumption globally. Due to the growing health concern of animals and
their increasing number, the healthcare expenses in farms are surging
globally. Animal farms are increasing globally, due to growing demand for
protein rich foods, such as milk, eggs, and meat.

Animal Healthcare Market

According to the Food and Agriculture Organization (FAO) of the United
Nations, the global meat production is expected to grow from 272.2 million
tons in 2015, to 341.1 million tons by 2030. Meat production is expected to
reach 224.1 million tons by 2030 in the developing countries, such as Brazil,
India, and China.
To find enhanced solutions for the prevailing and new diseases, the
companies in the animal healthcare market are active in research and
development activities. Porcine epidemic diarrhea virus (PEDV), which is
caused by corona virus, leads to infection in the cell lining within the small
intestine of pigs.

Animal Healthcare Market

PEDV resulted in about 3 million pig deaths in the U.S. from May 2013, to
January 2014. Canada also witnessed the same disease in pigs, during the
last quarter of 2013. State animal health officials, the United States
Department of Agriculture (USDA), the National Pork Board and the
American Association of Swine Veterinarians are actively involved in
introducing preventive measures to stop percolation of this disease, which
is expected to drive the animal healthcare market in the country. With the
growing demand for pork, the demand for vaccines and therapies to deal
with porcine epidemic diarrhea virus is expected to be high, thus providing
growth opportunities for the animal healthcare market.
Some of the major companies operating in the global animal healthcare
market include Zoetis, Merck, Merial, Bayer, Virbac, Ceva Sante Animal S.A.,
Boehringer Ingelheim GmbH, Elanco, and Vetoquinol.

Animal Healthcare Market

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