Veterinary Healthcare Market Share, Size, Forecast and Trends by 2021

07/lug/2017 12:08:54 Market Data Forecast Contatta l'autore

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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 the 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 fueling the animal healthcare market. However Increasing regulation on antibiotics is expected to remain a major restraint for the market. Apart from That regulation Increasing costs related to animal testing is Also a major hurdle for the growth of animal healthcare market.


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 segmented into sub Further cattle, swine, fish, sheep and poultry whereas companion animals are sub segmented as dogs, and cats. Based on the marketed product 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 includes hormones, probiotics, immune-modulators, enzymes and prebiotics. Mainly Pharmaceutical products comprise of ectoparasiticides, endoparasiticides, antibiotics, anti-inflammatories, endectocides, and medicines for reproductive problems.


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 dominating the markets for veterinary healthcare accounting for a combined share of around 60% of the market two 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 NV, Novartis AG, Nutreco NV , Sanofi SA, Sequent Scientific Ltd., Virbac SA, Vétoquinol SA and Zoetis Inc.


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