Global Veterinary Healthcare Market Size, Share, Growth, Trends, And Forecasts (2016–2021)
Veterinary Healthcare Market By Animal Type (Livestock and Companion Animals) By Product (Pharmaceuticals and Feed Additives) And By Region
(EMAILWIRE.COM, January 05, 2018 ) The Global Veterinary Healthcare Market was worth $27 billion in 2016 and estimated to be growing at a CAGR of 7.94%, to reach $39.56 billion by 2021. Veterinary medicine can be defined as the science associated with the diagnosis, treatment and prevention of diseases in animals. The scope of Veterinary medicine is broad covering various animal species both domestic and wild. The increasing importance for the production of livestock animals is generating growth in the animal healthcare market. Ever increasing population, stable economy is expected to result in increased demand for protein rich foods, especially in the developing countries.
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Increased love for pets leading to an upsurge in the number of animal ownerships, increasing awareness among the people about animal health and very few requirements for animal health drugs approval are the major factors driving the market for Veterinary healthcare. Growing number of foodborne diseases is also fuelling the animal healthcare market. However increasing regulation on antibiotics is expected to remain a major restraint for the market. Apart from that increasing costs regulation related to animal testing is also a major hurdle for the growth of animal healthcare market.
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Global Veterinary Healthcare market is segmented by animal type and product. On the basis of animal type market is segmented into farm animals and companion animals. Farm animals are further sub segmented into cattle, swine, fish, sheep and poultry whereas companion animals are sub segmented as dogs, and cats. Based on product the marketed is segmented into Vaccines, feed additives and pharmaceuticals. Feed additives are further sub-segmented into Nutritional feed additives and Medicinal feed additives. Nutritional feed additives include amino acids, vitamins and minerals. Medicinal feed additives on the other hand include hormones, probiotics, immune-modulators, enzymes and prebiotics. Pharmaceutical products mainly comprise of ectoparasiticides, endoparasiticides, antibiotics, anti-inflammatories, endectocides, and medicines for reproductive problems.
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Based on Geography Global Veterinary Healthcare market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Europe and North America are the dominating markets for veterinary healthcare accounting for a combined share of around 60% of the market due to a number of pet owners. Asia-Pacific is one of the major producers of animal meat and estimated to be the fastest growing region during the forecast period.
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Some of the major companies covered in the report are Merck & Co., Inc., Bayer AG, Boehringer Ingelheim GmbH, Cargill, Inc., Ceva Santé Animale, Novasep, Eli Lilly and Company, Koninklijke DSM N.V, Novartis AG, Nutreco N.V., Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Vétoquinol S.A. and Zoetis Inc.
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Increased love for pets leading to an upsurge in the number of animal ownerships, increasing awareness among the people about animal health and very few requirements for animal health drugs approval are the major factors driving the market for Veterinary healthcare. Growing number of foodborne diseases is also fuelling the animal healthcare market. However increasing regulation on antibiotics is expected to remain a major restraint for the market. Apart from that increasing costs regulation related to animal testing is also a major hurdle for the growth of animal healthcare market.
Request Sample @ https://www.marketdataforecast.com/market-reports/global-veterinary-healthcare-market-482/request-sample
Global Veterinary Healthcare market is segmented by animal type and product. On the basis of animal type market is segmented into farm animals and companion animals. Farm animals are further sub segmented into cattle, swine, fish, sheep and poultry whereas companion animals are sub segmented as dogs, and cats. Based on product the marketed is segmented into Vaccines, feed additives and pharmaceuticals. Feed additives are further sub-segmented into Nutritional feed additives and Medicinal feed additives. Nutritional feed additives include amino acids, vitamins and minerals. Medicinal feed additives on the other hand include hormones, probiotics, immune-modulators, enzymes and prebiotics. Pharmaceutical products mainly comprise of ectoparasiticides, endoparasiticides, antibiotics, anti-inflammatories, endectocides, and medicines for reproductive problems.
Inquire Before Buy @ https://www.marketdataforecast.com/market-reports/global-veterinary-healthcare-market-482/inquire
Based on Geography Global Veterinary Healthcare market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Europe and North America are the dominating markets for veterinary healthcare accounting for a combined share of around 60% of the market due to a number of pet owners. Asia-Pacific is one of the major producers of animal meat and estimated to be the fastest growing region during the forecast period.
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Some of the major companies covered in the report are Merck & Co., Inc., Bayer AG, Boehringer Ingelheim GmbH, Cargill, Inc., Ceva Santé Animale, Novasep, Eli Lilly and Company, Koninklijke DSM N.V, Novartis AG, Nutreco N.V., Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Vétoquinol S.A. and Zoetis Inc.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results