For instance, as suggested by the American Pet Products Manufacturing Association (APPA), around 80% of all dog owners adopt effective drugs for treatment due to their growing concern. In addition, the surge in pet ownership and increase in medicalization for pets can fuel the expansion of the worldwide market over the forecast term. The Americas is likely to retain its hegemony in the global animal health market due to the upscaling demand for animal protein, growing focus on food safety, and improvement in production. However, the segment of farm animals is expected to secure the largest share of the market. The distribution channel-based segments of the animal health market are retail, veterinary hospitals & clinics, and e-commerce, among others. The route of administration-based segments of the animal health market is oral, topical, and parenteral others. The segment of vaccines is segmented into recombinant vaccines, live inactivated vaccines, and attenuated vaccines, DNA vaccines, and others. The segment of the pharmaceuticals studies parasiticides, anti-inflammatory, anti-infectives, and analgesics, among others. The product-based segments of the animal health market are pharmaceuticals, feed additives, and vaccines. The segment of companion animal is further classified into equine, dog, cat, and others. The segment of farm animal segment is further classified into poultry, cattle, swine, goats, and sheep others. The animal type-based segments of the animal health market are companion animal and farm animal. The animal health market’s segment study is based on animal type, distribution channel, animal type, and route of administration.

Thus, the COVID 19 pandemic is observed to impact the global animal health market positively.īrowse In-depth Market Research Report (85 Pages) on Animal Health: Furthermore, the increasing concern about pet owners and their decent income contributes to the growing adoption of effective animal healthcare solutions. Some of prominent companies that are operating in the global digital pathology market are Īs animals are observed to get COVID-19, the need for animal health solutions is surging in the present pandemic scenario. Moreover, the lack of effective infrastructure can challenge the rise of the animal health market. The problems with a surge in the cost of animal health can hinder the animal health market growth. In addition, the introduction of effective pet health insurance policies can favor market growth. The growing inclination towards pet adoption can prompt the upsurge of the animal health market in the years to come. In addition, improvement in productivity, growing focus on food safety, and surge in pet ownership are other causes that can fuel the expansion of the market over the forecast tenure. The increase in the number of pet insurance policies, a rising rate of zoonotic diseases, a surge in the pet population, and increasing spending on animal health are some causes that can drive the growth of the worldwide animal health market. New York, US, J(GLOBE NEWSWIRE) - Animal Health Market OverviewĪccording to a comprehensive research report by Market Research Future (MRFR), “ Animal Health Market I nformation by Animal Type, Product, Route of Administration, Distribution Channel, and Region - Forecast till 2028”, the market is predicted to reach USD 99 Billion by 2028 registering a CAGR of 8.5%.Īnimal health is related to the wellness of animals and is achieved by efficient control and prevention of animal diseases. Animal Health Market Insights and Industry Analysis by Animal Type (Farm animal, Companion animal), Product (Pharmaceuticals, Vaccines, Feed Additives), Route of Administration (Oral, Parenteral), Distribution Channel (Retail, E-Commerce), Competitive Market Size, Share, Trends, and Forecast to 2028

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