The report on Animal Healthcare Market by Pharmaceuticals type (ectoparaciticides, endoparaciticides), vaccines (poultry, cattle,
swine, equine), medicated feed additives (antibiotics, vitamins, amino acids, enzymes, antioxidants, prebiotics), animal type (farm
animal, companion animal) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main
geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Animal Healthcare
Market is projected to grow at a CAGR between 4.5 % to 5.1 % in terms of value over the period of 2017-2023. The growth in the world
market is primarily driven by significant contribution by North America (Leading region) region to this market.
Animal healthcare has become a substantial focus area for many pharmaceutical players over past decade. This is due to progressive
growth registered by global animal healthcare market. Growth in this market can be credible to animal disease outbreaks linked with
large scale factory farming that requires superior quality animal feed additives, vaccines and hygiene management product. Rapidly
increasing pet adoption, growing need to control zoonotic disease spread and advance drug development for effective animal health
are the major growth driving factors in animal healthcare market. In addition, favorable government initiatives and growing disposable
income in the emerging economies may results into pet adoption and spend on their health, thereby significantly contributing in
overall growth of this market. More importantly, widespread implementation of animal vaccination programs with mandatory
vaccination certain countries expected propelling growth in the years to come. Increasing incidences of zoonotic disease, however, in
human due to consumption of food animals will hamper industry growth.
Global animal healthcare markets will have numerous growth opportunities during the forecasted period to grow significantly. This can
be attributed to growing demand for animal source protein that consequently leads to animal farming and increasing R&D focus to
develop new drugs for pet cancer.
Segments Covered:
The report segments the global animal healthcare market by pharmaceuticals type, by vaccines, by medicated feed additives, by
animal type and by region. The market size of each segment has been provided in terms of value (USD) and volume (TONS). Market
segmentation based on pharmaceuticals includes ectoparaciticides, endoparaciticides, anti-inflammatory, and anti-infective. On the
basis of vaccines global market has been divided into poultry, cattle, swine, equine, dogs, cats and horse. Market segmentation based
on medicated feed additives includes antibiotics, vitamins, amino acids, enzymes, antioxidants, prebiotics and probiotics, and minerals.
And by type of animal market has been segmented into farm animal and companion animal.