These factors cumulatively are responsible for the significant share captured by production animals in this segment.North America captured a substantial share in the global market in 2019, owing to a wide range of definitive measures adopted by government animal welfare organizations that are consistently working for overall improvement in animal health. The global animal health market size was valued at USD 47.1 billion in 2019 and is expected to exhibit a CAGR of 5.8% during the forecast period. The heightened production of animal-based food products will lead to significant price reduction, facilitating easy access to food at affordable prices.The market is driven by technological advancements in veterinary health care, and this is anticipated to offer future growth opportunities.
It provides the Animal Health industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The growing number of animal surgeries due to emphasis on companion and livestock animal health will drive the segment demand. Increasing demand for Practice Management Systems (PMS) from veterinary practitioners is expected to fuel market growth. Please wait while we are processing your request...Animal Health Market Size, Share, Industry Growth Report, 2027 Tests such as ELISA have been proven an effective point-of-care test for heartworm diagnosis.Availability of a wide range of treatment as well as diagnostic options in veterinary hospitals and clinics is a high impact rendering growth driver for this segment. For the purpose of this study, Grand View Research has segmented the global animal health market report on the basis of animal type, product, distribution channel, end use, and region: The report includes country-wise and region-wise market size for the period 2015-2026. The global veterinary reference laboratory (VRL) market size was valued at USD 2.350 billion in 2016 and is expected to grow with CAGR of 9.1% during the forecast period.
According to this report, growing incidences of animal diseases, technological advances and education about specialty services are factors driving the North American animal healthcare demand at around 3.5% CAGR to 2025. Technological advances and education about specialty services will further fuel the animal healthcare growth. The pharmacies segment was valued over USD 30 billion in 2018. The global veterinary diagnostics market size was estimated at USD 3.3 billion in 2018 and is expected to grow at a CAGR of 6.4% over the forecast period. The global animal vaccines market size was worth at USD 8.2 billion in 2018. Rising pet adoption is a primary growth driver for this market. Also, “Pets for Seniors” is an organization in Illinois that matches dogs and cats with elderly people who might need help with the responsibilities of pet ownership. According to the UN Department of Economic and Social Affairs, the global population is approximately 7.3 billion and it is anticipated to reach around 9.7 billion by 2050, of which 795 million people are undernourished, as per the estimations of the International Fund for Agricultural Development (IFAD).The aforementioned statistics exemplify the urgent requirement to expand food supply through large-scale adoption of livestock.
Design an exclusive study to serve your research needs.A testimonial for service in the form of BBB "A" Accreditation.Your personal and confidential information is safe and secure. Growing livestock population, rising animal husbandry coupled with commercialization of animal products are primary growth drivers for this market.
The global veterinary software market size was valued at USD 322.8 million in 2016 and is expected to grow with a CAGR of 8.9% during the forecast period. Global Animal Health Sensors Market Research Report 2020 Size and Share Published in 2020-08-06 Available for US$ 2900 at Researchmoz.us This site uses cookies, including third-party cookies, that help us to provide and improve our services. According to the Food and Agriculture Organization of the United Nations, in emerging economies, animal-based food products account for one-third of human protein consumption, leading to an increase in livestock productivity, which is critical to meet dietary needs of the growing human population. The global canine atopic dermatitis market size was estimated at USD 911.6 million in 2019 and is expected to witness a CAGR of 9.0% during the forecast period. In March 2018, Merck completed the acquisition of Vallee S.A. Thus, the growing global population along with a rise in the disposable income acted as a catalyst for the growth of animal healthcare business size.However, mismatch of data management systems often complexes the exchange of knowledge between the policymakers, scientific community, and the animal food production sector. It is anticipated to witness a CAGR of 5.6% during the forecast period. Pet adoption for companionship among the elderly population has greatly surged in the past decade. North America has a high pet adoption rates. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. ; Canada; Germany; U.K.; France; Italy; Russia; Spain; Netherlands; Switzerland; Sweden; Ireland; Poland; Japan; China; India; Indonesia; Thailand; Australia; South Korea; Philippines; Malaysia; Singapore; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; Turkey; Iran; United Arab Emirates; IsraelZoetis; Ceva Santé Animale; Merck Animal Health; Vetiquinol S.A.; Boehringer Ingelheim GmbH; Bayer AG; Virbac; Heska; Nutreco N.V.Free report customization (equivalent up to 8 analysts working days) with purchase. | The Medical Revolution Will Be Blogged. Increasing demand to curb chronic and zoonotic diseases in livestock and pet animals is the key driver to this market. The global veterinary dental equipment market size was estimated at USD 324.1 million in 2018 and is expected to witness a CAGR of 7.7% during the forecast period, driven primarily by the increasing prevalence of periodontal diseases.
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