Title: Global Animal Healthcare Market by Manufacturers, Regions, Type and Application, Forecast to 2031
1The Animal Healthcare Market To Get Catalysed
With Technological Advancements
Report Id PMRREP2882 Category Life Science
Healthcare
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3North America to remain dominant in the global
parenteral medical nutrition market
- Key Takeaways from Market Study
- Parasiticides are expected to contribute
around 27 revenue share in the market by 2031,
owing to increasing preference for animal care
and hygiene. - Farm animals are expected to account for more
than half of the global market share.
Industrialization of the dairy and meat industry
has led to increasing demand for animal-based
products, adding to the market development. - Oral route of administration in animal healthcare
is expected to contribute around 45 revenue
share in the market by 2031, as it gives the
highest level of drug stability and accurate
measurements. - Among all the distribution channels, veterinary
hospitals accounted for more than 35 of the
market share in 2020. Different applications such
as clinical toxicology tests, therapy, and
clinical pathology will boost market expansion. - North America holds the highest share in the
global market for animal healthcare, owing to the
presence of big market players, high healthcare
expenditure, and growing research development
efforts in the country.
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4Market Segmentation
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