Global Animal Healthcare Market (Size of $29,537 Million in 2015) to Witness 7% CAGR During 2016 – 2022

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Global Animal Healthcare Market (Size of 29,537
Million in 2015) to Witness 7 CAGR During 2016
2022
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Animal Healthcare Market
The global animal healthcare market is expected
to grow from 29,537.4 million, at a CAGR of 7.0
during 2016-2022. Among the various products, the
pharmaceuticals segment including,
ectoparasiticides, endoparasiticides,
anti-inflammatories and others accounted for
largest share in the global animal healthcare
market in 2015. Explore report description with
detailed ToC https//www.psmarketresearch.com/mar
ket-analysis/animal-healthcare-market The
increasing population of production animals and
companion animals is supporting the growth of the
global animal healthcare market. The production
animals are nurtured by the consumers for milk
and meat related products whereas, companion
animals are adopted for office or house guards
and companionship.
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Animal Healthcare Market
The increasing transfer of diseases from animals
to humans, through companionship and consumption
of products sourced from them, are driving the
demand of the global animal healthcare market.
Legislations and protest of animal institutions
and activists, and excess use of antibiotics in
production animals are some of the factors
restraining the growth of the animal healthcare
market. Most of the animal healthcare companies
are concentrating on research and development
activities to offer better vaccine and
pharmaceutical products for the prevailing
diseases. The top ten competitors in the global
animal healthcare market accounts for 75 of the
total market share, which creates more
competition in the market.
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Animal Healthcare Market
The information and data in the publication
Global Animal healthcare Market Size, Share,
Development, Growth and Demand Forecast to 2022
represent the research and analysis of data from
various primary and secondary sources. Bottom-up
approach has been used to calculate the global
animal healthcare market by product and animal
type. The market numbers for countries are
obtained through top down approach. PS Market
Research analysts and consultants interact with
leading companies of the concerned domain to
substantiate every value of data presented in the
report. The company bases its primary research on
discussions with prominent professionals and
analysts in the industry, which is followed by
informed and detailed, online and offline
research. The growing population, increasing
per-capita income level, and changing lifestyle
of the consumers are some of the factors leading
to increased meat consumption globally. Due to
the growing health concern of animals and their
increasing number, the healthcare expenses in
farms are surging globally. Animal farms are
increasing globally, due to growing demand for
protein rich foods, such as milk, eggs, and meat.
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Animal Healthcare Market
According to the Food and Agriculture
Organization (FAO) of the United Nations, the
global meat production is expected to grow from
272.2 million tons in 2015, to 341.1 million tons
by 2030. Meat production is expected to reach
224.1 million tons by 2030 in the developing
countries, such as Brazil, India, and China. To
find enhanced solutions for the prevailing and
new diseases, the companies in the animal
healthcare market are active in research and
development activities. Porcine epidemic diarrhea
virus (PEDV), which is caused by corona virus,
leads to infection in the cell lining within the
small intestine of pigs.
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Animal Healthcare Market
PEDV resulted in about 3 million pig deaths in
the U.S. from May 2013, to January 2014. Canada
also witnessed the same disease in pigs, during
the last quarter of 2013. State animal health
officials, the United States Department of
Agriculture (USDA), the National Pork Board and
the American Association of Swine Veterinarians
are actively involved in introducing preventive
measures to stop percolation of this disease,
which is expected to drive the animal healthcare
market in the country. With the growing demand
for pork, the demand for vaccines and therapies
to deal with porcine epidemic diarrhea virus is
expected to be high, thus providing growth
opportunities for the animal healthcare
market. Some of the major companies operating in
the global animal healthcare market include
Zoetis, Merck, Merial, Bayer, Virbac, Ceva Sante
Animal S.A., Boehringer Ingelheim GmbH, Elanco,
and Vetoquinol.
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Animal Healthcare Market
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