Lewes, DE -- (SBWire) -- 01/08/2019 --Global Veterinary Healthcare Market is accounted for $27.42 billion in 2017 and is expected to reach $60.54 billion by 2026 growing at a CAGR of 9.2% during the forecast period. Some of the key factors driving the market growth are the increasing zoonotic diseases, growing awareness about animal health, technological advancements in animal healthcare diagnostics and government initiatives from global veterinary medical association. On the other side factors such as restrictions imposed by regulatory bodies against the excessive use of antibiotics in animal's production and protest of activists against the animal research are hampering the market growth.
Veterinary Healthcare defined as the diagnostics tests that are carried out for the detection of various diseases in animals. It is an occupied service animal hospital and will manage cases as well as dental issue, critical medical and surgical. These processes are executed through various methods that use faeces, blood and tissue sample from animals. It is gaining importance as an effect of manufacturers focus on production of products with specific formulations and specialized manufacturing process.
By Product, Therapeutics segmented is anticipated to grow during the forecast period. Where, amino acids, vitamins and minerals are important diet for animals to grow properly. The nutritional values of animal feeds are influenced not only by their nutrient content, but also by many other factors like hygiene, digestibility etc.
By Geography, North America holds the largest market share during the forecast period. Where, the residents of North America are looking for meat with drug free and disease with more pet holders ready to pay for veterinary care, the demand for supplement and other treatment choices for companion animals are increasing and Strict regulations & testing techniques in North America have driven the innovation in animal healthcare.
Some of the key players in the market are Novartis International AG, Cargill Inc., Bayer AG, Animal Health, Boehringer Ingelheim GmbH, Sanofi-Aventis, Koninklijke DSM N.V, Abaxis, Inc., Eli Lilly and Company, Nutreco N.V., Zoetis Animal Healthcare, Merck Ltd., Elanco Animal Health, Bioniche Animal Health Canada, Inc., SeQuent Scientific Ltd., Ceva Santé Animale, Virbac Animal Healthcare, Vétoquinol S.A., Merial ( Animal Health division of Sanofi), IDVet and MSD animal health.
Products Covered:
- Therapeutics
- Diagnostic Tools
Animal Types Covered:
- Livestock Animals
- Companion Animals
Regions Covered:
- North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
- Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
- Rest of Asia Pacific
South America
Argentina
Brazil
Chile
- Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Spanning over 158 pages "Veterinary Healthcare - Global Market Outlook (2017-2026)" report covers Executive Summary, Preface, Market Trend Analysis, Porters Five Force Analysis, Global Veterinary Healthcare Market, By Product, Global Veterinary Healthcare Market, By Animal Type, Global Veterinary Healthcare Market, By Geography, Key Developments, Company Profiling. This report Covered Companies few are - Novartis International AG, Cargill Inc., Bayer AG, Animal Health, Boehringer Ingelheim GmbH, Sanofi-Aventis, Koninklijke DSM N.V, Abaxis, Inc., Eli Lilly and Company, Nutreco N.V., Zoetis Animal Healthcare, Merck Ltd.
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