Animal Health Market to Rise at 6.3% CAGR till 2026 - PowerPoint PPT Presentation

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Animal Health Market to Rise at 6.3% CAGR till 2026

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Animal Health Market: Increasing Number of Animal Health Clinics and Launch of New Animal Health Service Products Worldwide Will Boost Market – PowerPoint PPT presentation

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Title: Animal Health Market to Rise at 6.3% CAGR till 2026


1
Title Animal Health Market to Rise at 6.3 CAGR
till 2026 Animal Health Market to Reach 67.56
Billion by 2026 Description Animal Health
Market Increasing Number of Animal Health
Clinics and Launch of New Animal Health Service
Products Worldwide Will Boost Market Content The
global animal health market size is anticipated
to reach USD 67.56 billion by 2026 owing to the
increasing number of animal health issues
worldwide. Animals have always been of immense
help to man either as companions or as livestock.
With time, man starting adopting animals and
keeping them as pets. Animals, alike humans, are
susceptible to infections anddiseases and
require medical aid. As per a recently published
report by Fortune Business insights titled,
Animal Health Market Size, Share and Global
Trend By Product (Drugs, Vaccines, Feed, and
Diagnostics), By Animal (Livestock Animals and
Companion Animals), By End User (Veterinary
Hospitals Clinics, Animal Care
Rehabilitation Centers, Diagnostic Centers, and
Others) and Geography Forecast till 2026 the
market size was USD 41.50 billion in 2018 and is
anticipated to rise at a CAGR of 6.3. Major
Growth Drivers Increasing Number of Pet Owners
and Emphasis on Animal Health to Propel
Growth The increasing pet adoption is a major
factor propelling animal health market growth.
Besides this, analysts at Fortune Business
Insights say, the rising prevalence of diseases
among animals, especially zoonotic diseases, is
likely to promote the animal health market
growth during the forecast period. Zoonotic
diseases can be transmitted from animals to
humans a few of which include bubonic plague,
salmonellosis, anthrax, rabies, and West Nile
virus. Besides this, the rise in the number of
animal healthcare clinics worldwide will also
drive the market. Additionally, animals work as
test subjects for various medication and drug
tests. It is important to test drugs on animals
attributable to the fact that research on most
prolonged and genetic diseases affecting man
cannot be approved for testing on human
subjects. Animal studies are used for the
development of new surgical techniques such as
organ transplantations, new drug testing, and
also for nutritional research. The fact that
animals serve as research subjects for valuable
research on long-lasting deteriorating diseases
is further propelling the need to maintain the
health of these animals. For More Information
https//www.fortunebusinessinsights.com/animal-hea
lth-market- 102371 Regional Analysis Presence
of Advanced Teams for Research and Development
Activities Will Aid Growth of the Market in
North America
2
Geographically, the global animal health market
is categorized into Europe, North America, Latin
America,Asia Pacific, and the Middle East and
Africa. These regions are further categorized
into nations. Among these, North America held the
largest veterinary healthcare market share and
generated a revenue of USD 14.12 billion in 2018.
This is attributable to the presence of numerous
animal health centers and technologically
advanced team for research and development of
novel therapeutics. Besides this, the rise in
the number of pet owners and their rising concern
for maintaining the health of their pets will
help in the expansion of the market. Europe
stands second in the veterinary healthcare
market, owing to the consistent growth witnessed
in the past few years. Besides this, the market
in Asia Pacific will witness significant growth
on account of the increasing number of biopharma
companies in countries such as India, Japan, and
China. More Trending Topics from Fortune
Business Insights Bovine Lactoferrin Market
Size, Share, Growth, Sales and Drivers Analysis
Research Report 2026 Bovine Lactoferrin Market
Size worth USD 551.8 Million By 2026 New
Techniques For Manufacturing Lactoferrin Will
Create Growth Opportunities
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