animal health market

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Animal Health Market To Reach USD 70.01 Billion
By 2026
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The increase in the adoption of pet animals,
coupled with the increasing consumption of meat
and milk are influencing the market
growth.Market Size USD 43.55 Billion in 2018,
Market Growth - CAGR of 5.9, Market Trends
Demand for veterinary products and
treatments.The Global Animal Health Market is
forecast to reach USD 70.01 Billion by 2026,
according to a new report by Reports and Data.
This is mainly contributed by government
initiatives to encourage the growth of veterinary
products and treatments. Increase in the adoption
of pet animals, coupled with the increasing
consumption of meat and milk, will boost the
growth of the market. Moreover, technological
advancements in the healthcare industry will also
impact the growth of the market positively.
Regulating animal health and preventing animal
disease outbreaks is essential to the economy as
well as the safety of a countrys food supply.
Market Summary
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• Further key findings from the report suggest
• The market is segmented on the basis of product
  type into vaccines, pharmaceuticals, feed
  additives, and diagnostics.
• The vaccines segment is forecast to witness the
  highest growth rate of 7.4 during the forecast
  period.
• Animals receive vaccines for infectious diseases
  such as rabies, parvovirus, distemper, hepatitis,
  rotavirus, E. coli, pinkeye, and brucellosis.
• Veterinary vaccines have an important role in
  protecting animal health, reducing animal
  suffering, enabling efficient production of
  animal foods, and significantly reducing the need
  for antibiotics to treat food and companion
  animals.
• The market is segmented on the basis of animal
  type into production animal and companion animal.
• The companion animal segment is forecast to
  witness the highest growth rate of 7.4 during
  the forecast period, owing to the increasing rate
  of pet adoption, especially dogs and cats.
• Animal companions are said to improve overall
  mental and physical health.
• For instance, the hormone named oxytocin when
  released into the brain of both the human and the
  animal creates a sense of calm, regulating
  breathing, and lowering blood pressure and pulse
  rate.
• The market is segmented on the basis of dosage
  type into oral, parenteral, topical, and
  transdermal.
• The transdermal segment is forecast to witness
  the highest growth rate of 7.1 during the
  forecast period.

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Market Summary

• Key Players
• Elanco, Bayer, Merial, Merc, Biogenesis Bago,
  Zoetis Inc., Ceva Sante Animale, Boehringer
  Ingelheim, Neogen, Heska, Thermo Fisher
  Scientific, Novartis, Vetoquinol, and Virbac,
  among others.
• Segmentation
• Product types Outlook (Revenue, USD Billion
  2018-2026)
• Vaccines
• Pharmaceuticals
• Feed Additives
• Diagnostics
• Animal type Outlook (Revenue, USD Billion
  2018-2026)
• Production Animal
• Companion Animal
• Dosage type Outlook (Revenue, USD Billion
  2018-2026)
• Oral
• Parenteral
• Topical
• Transdermal

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Market Summary

• Distribution channel Outlook (Revenue, USD
  Billion 2018-2026)
• Retail pharmacies and drug stores
• E-commerce
• Veterinary Hospitals Clinics
• End users Outlook (Revenue, USD Billion
  2018-2026)
• Reference Laboratories
• Point-of-care Testing/In-house Testing
• Veterinary Hospitals Clinics
• Others
• Regional Outlook (Revenue, USD Billion
  2018-2026)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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