Market Analysis Report Animal Health Market | Page 2
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years. Advancements in pet care technologies, such as vaccine banks, mobile technology, and data
management systems among others could further fuel growth.
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Major types of production animals include cattle, poultry, goat, sheep, fish, and swine among others. Dogs,
cats, and horses are some of the most popular companion animals. Concerns over food safety and increased
efforts to promote veterinary healthcare are expected to propel the productio n animal sector over the
forecast period. Long term health and sustainability are expected to be key markets trends over the coming
years. According to Food and Agriculture Organization (FAO), one-third of the overall human protein
consumption in emerging economies is based on animal-based food products. This is anticipated to drive the
demand for livestock productivity. This factor is anticipated to impel their market share in the forthcoming
years.
Some of the major animal health products include vaccine, pharmaceuticals, diagnostics, and feed additives
among others. Government organizations have increased focus on improving agriculture and animal care
practices which in turn is expected to drive the demand for both medicinal and nutritional feed additive s.
Advancements such as inclusion of probiotics, enzymes, antioxidants, and metabolic modifiers in feed among
others will further impel the demand for these products. Demand for vaccine would also witness significant
rise in the near future. High adoption of pets and awareness regarding short- and long-term health check-ups
may drive market expansion. Technological advancements and rising research and development is expected
to further drive the demand for vaccines in near future.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-
category/pharmaceuticals-industry
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