The latest report by IMARC Group, titled “Animal Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the
. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global animal health market size reached US$ 36.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.36% during 2023-2028. Animal health means the absence of disease or the normal functioning of animals. Safeguarding the animal's health and preventing diseases protects public health, animal production, food security, food supply, rural economies, and the environment. It encompasses animal diseases and the interplay between animal welfare, human health, environment protection, and food safety. The maintenance of animal health helps prevent the spread of zoonotic diseases. Animal healthcare is an expanding sector that fulfills the needs of a wide range of livestock and companion animals. Various market players are focusing on producing companion animal healthcare products and services.
The global market is majorly driven by the increasing awareness of animal diseases. In line with this, the stringent government regulations for the protection of animals and the rising focus on prevention from diseases originating from animal epidemics are significantly contributing to market growth. Furthermore, the substantial rise in pet adoption and the growing prevalence of zoonotic and food-borne diseases are positively influencing the market. Apart from this, technological expansions and the advent of information systems are catalyzing animal health market growth.
Moreover, the escalating public-private partnerships to cater to the demand for animal care products are propelling the market. Besides, the increasing awareness about preventive measures and the widespread availability of treatment options are strengthening the market. Additionally, the growing research and development activities in veterinary medicine are offering numerous opportunities for the market expansion.
Explore the Full Report with TOC & List of Figures:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
Ceva Sante Animale
Thermo Fisher Scientific
Key Market Segmentation:
Breakup by Animal Type:
Breakup by Product Type:
Medicinal Feed Additives
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
Scope and Methodology
Value Chain Analysis
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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