Animal Healthcare Market to grow at 4% CAGR from 2016 to 2024 - PowerPoint PPT Presentation


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Animal Healthcare Market to grow at 4% CAGR from 2016 to 2024


Get more details @ Some of the key industry players contribute to significant animal healthcare market share in 2016. The leading players manifest intense competition to gain maximum business share. – PowerPoint PPT presentation

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Title: Animal Healthcare Market to grow at 4% CAGR from 2016 to 2024

Animal Healthcare Market forecast to reach 45bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Animal Healthcare Market
  • Global Market Insights, Inc. says Animal
    Healthcare Market size to exceed USD 36 billion
    by 2024.
  • Increasing prevalence of animal diseases coupled
    with growing adoption of pet animals should drive
    the global animal healthcare market size.
  • Rising disposable income of pet owners especially
    in developed regions will enable them to spend on
    pet healthcare leading to exponential animal
    healthcare market growth.
  • With global population expanding at an alarming
    rate, the demand for animal source protein and
    animal healthcare products will only increase,
    resulting to more animal farming over the
    forecast timeframe.
  • Favorable government initiatives to promote
    animal healthcare practices and rapid
    developments in the field of animal health
    medicine will serve as a high impact rendering
    factor over the forecast years.

  • Stringent regulations in many countries
    pertaining to use of antibiotics and
    antimicrobials in animal feed, high cost
    associated with animal testing and low
    out-of-pocket pet healthcare expenditure in
    developing countries will restrain the market
    growth over the coming years.
  • Animal parasiticides should witness high growth
    over the coming years owing to rising awareness
    about parasites and their ill-effects on animal
    and human health.
  • Increasing use of parasiticides in growing number
    of farm and companion animals should drive the
    business growth.
  • Medicated feed additives should witness robust
    growth over the forecast years.
  • U.S. animal healthcare market held largest
    regional market share in 2016, owing to rising
    number of pet animals, high disposable incomes of
    pet owners, escalated awareness about animal
    health, availability of advanced medicines and
    presence of large number of established companies.

  • France animal healthcare market held largest
    regional share in 2016. Increasing demand for
    anti-infectives and endoparacitisides for
    prevention of zoonotic diseases should stimulate
    business growth.
  • Some of the leading industry players include
    Zoetis, Merck, Elanco, Bayer, Boehringer
    Ingelheim, Virbac, Phirbo Animal Health, Ceva
    Sante Animale, and Vetoquinol.
  • Merger and acquisition, new product development
    and geographical expansion are some of the
    strategies adopted by industry participants to
    gain market share.

Europe Animal Healthcare Market, 2013-2024 (USD


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