Animal Health Market (2022-2027) | Global Trends, Growth and Forecast - IMARC Group
According to the latest report by IMARC Group, titled “Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global animal health market reached a value of US$ 34.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.7 Billion by 2027, exhibiting at a CAGR of 3.6% during 2022-2027. Animal health refers to taking adequate care of animals and preventing them from contracting various diseases. It comprises of several services and products, such as antibiotics, vaccines, parasiticides, feed additives, antimicrobials, anti-inflammatories, growth promoters, etc. Animal health products are utilized to cater to the well-being of food-producing and companion animals. They also ensure a safe food supply chain by limiting the spread of zoonotic diseases. As a result, pet and livestock owners across the globe are spending extensively on these products with the aim of keeping their animals healthy and productive.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The growing demand for protein-rich food items and the increasing incidences of food-borne diseases are among the key factors driving the animal health market. Additionally, numerous technological advancements in veterinary healthcare, such as the development of vaccine banks and efficient information management systems, are further propelling the market growth. In line with this, government bodies are launching several favorable initiatives and implementing numerous animal vaccination programs to optimize the veterinary sector. This, in turn, is also augmenting the global market. Moreover, the escalating production of animal-based food products and their easy availability within affordable price ranges are acting as significant growth-inducing factors. Besides this, the emergence of new zoonotic disease variants, along with the increasing concerns among livestock owners, are anticipated to fuel the animal health market over the coming years.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/animal-health-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Zoetis Inc.
- Biogenesis Bago
- Boehringer Ingelheim
- Ceva Sante Animale
- Thermo Fisher Scientific
Breakup by Animal Type:
- Commercial Animals
- Companion Animals
Breakup by Product Type:
- Medicinal Feed Additives
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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