MarketStudyReport.com updates the global animal healthcare market size 2024 research with forecasts showing a value of more than USD 36 billion by 2024 and a growth of around 4% CAGR during 2018 to 2024.
Animal parasiticides should witness high growth in animal healthcare market over the coming years owing to rising awareness about parasites and their ill-effects on animal and human health. Increasing use of parasiticides in growing number of farm and companion animals should drive the business growth.
Medicated feed additives should witness robust growth over the forecast years. Amino acids will hold the largest animal healthcare market revenue share and is expected to remain the most popular medical feed additive owing to its ability to increase meat production.
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U.S. animal healthcare market held largest regional market share in 2016, owing to rising number of pet animals, high disposable incomes of pet owners, escalated awareness about animal health, availability of advanced medicines and presence of large number of established companies. Advancements in animal pharmaceuticals, biologicals and personalized pet medicines should continue to fuel the industry growth.
France animal healthcare market held largest regional share in 2016. Increasing demand for anti-infectives and endoparacitisides for prevention of zoonotic diseases should stimulate business growth. Growing use of animal derived pharmaceutical proteins will spur industry growth.
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Stringent regulations in many countries pertaining to use of antibiotics and antimicrobials in animal feed, high cost associated with animal testing and low out-of-pocket pet healthcare expenditure in developing countries will restrain the market growth over the coming years.
Companies profiled in this animal healthcare market research to 2024 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 and Ouro Fino Saude Animal.
This animal healthcare market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Animal Healthcare Market By Pharmaceuticals
Animal Healthcare Market By Vaccines
Companion animal vaccines
Animal Healthcare Market By Medical Feed Additives
Prebiotics and probiotics
Animal Healthcare Market By Animal type
The above information is provided for the following regions/countries:
Middle East and Africa
Comprehensive Table of Contents, list of data tables, charts and figures provided in this animal healthcare market research report is available at https://www.marketstudyreport.com/reports/animal-healthcare-market
Another study titled Global Animal Healthcare Market Size, Status and Forecast 2025 Research Report is spread across 110 pages and is a professional and in-depth study. This report studies the worldwide animal healthcare industry size, competition landscape and growth opportunities. It categorizes the market by companies, region, type and end-use industry.
The study objectives of this report include: To study and forecast the market size of Animal Healthcare in global market; To analyze the global key players, SWOT analysis, value and global market share for top players; To define, describe and forecast the market by type, end use and region; To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World; To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks; To identify significant trends and factors driving or inhibiting the market growth; To analyze the opportunities in the market for stakeholders by identifying the high growth segments; To strategically analyze each submarket with respect to individual growth trend and their contribution to the market; To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in animal healthcare market and to strategically profile the key players and comprehensively analyze their growth strategies.
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