Sandy, Utah, USA, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Animal Healthcare Market Size, Trends and Insights By Animal Type (Companion animal, Production animal), By Product (Pharmaceuticals, Vaccines, Medical feed additives, Equipment and disposables, Diagnostics, Others), By Distribution Channel (Ecommerce, Retail, Veterinary hospitals and clinics), By End User (Reference laboratories, Veterinary hospitals and clinics, Point of care testing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Animal Healthcare Market size & share was valued at approximately USD 42.3 Billion in 2021 and is expected to reach USD 48.13 billion in 2022 and is expected to reach a value of around USD 94.8 Billion by 2030, at a compound annual growth rate (CAGR) of about 10.7% during the forecast period 2022 to 2030.”
The emergence of several animal diseases has boosted the need for better animal healthcare facilities. In addition, the increasing demand for animal products and protein among the people has also helped the market to record considerable revenue over the period.
Click Here to Access a Free Sample Report of the Global Animal Health Care Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=19000
Market Dynamics
Drivers
The rapidly increasing demand for various animal products among people has boosted the market for animal healthcare to a great extent. The vast number of benefits obtained from animal products have also made people aware of them, and hence a considerable demand is experienced in the market. In addition, the rapidly increasing number of animal diseases has boosted the need for better healthcare facilities to prevent the spread of diseases in society.
The increasing number of research and development programs carried out by the key market players to introduce modern medicines that have a better effect on the health of the animals with minimum side effects has boosted the animal healthcare market economy. These multiple reasons have emerged as the driving forces for the growth of the animal healthcare market during the forecast period.
(A free sample of the Animal Health Care report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Animal Health Care report has been modified to include the COVID-19 impact study prior to delivery.)
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Restraints
The government has imposed several restrictions regarding the use of animal products to safeguard the extinction of various animals worldwide. Multiple rules and regulations have been set regarding hunting and manufacturing animal products to protect them from death and rapid climate change.
Lack of animal health and safety awareness has considerably hampered the market’s growth. In addition, the high cost associated with the use of animal products has also hindered the development of the need to a great extent. These multiple reasons have merged as the strains for the growth of the animal healthcare market during the forecast period.
Key questions answered in this report:
- What is the size of the Animal Health Care market and what is its expected growth rate?
- What are the primary driving factors that push the Animal Health Care market forward?
- What are the Animal Health Care Industry's top companies?
- What are the different categories that the Animal Health Care Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Animal Health Care market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Animal Health Care Market @ https://www.custommarketinsights.com/report/animal-healthcare-market/
Opportunities
The increasing disposable income available to the people has enabled them to make proper expenditures on the healthcare system of animals. Moreover, the growing demand for better animal products with various benefits has dramatically boosted the animal healthcare market.
Various pharmaceutical products obtained from animals have also boosted the demand for better healthcare facilities for animals. In addition, vaccines have been introduced into the market to prevent various animal diseases, which has increased the need considerably. These multiple reasons have emerged as the growth factors for the animal healthcare system during the forecast period.
Challenges
The high cost associated with healthcare facilities for animals has emerged as a significant challenge for the growth of the animal healthcare market. Furthermore, the lack of facilities for animal healthcare in rural areas has emerged as a substantial obstacle to the market’s growth during the forecast period. In addition, the government has banned several drugs to prevent the various side effects that have been observed over some time.
Report Highlights
Based on animal type, the segment of production animals has emerged as the largest market due to the vast number of products obtained from these animals. In addition, the popularity of the benefits obtained from such animals has boosted the demand for production animals in the market. Based on Product, the segment of pharmaceuticals has emerged as the largest market due to the extensive use of the various medicinal products obtained from animals.
The various medicines used to treat several animal diseases have considerably boosted this segment. Based on end-user, hospitals and clinics have emerged as the largest segment due to the increasing demand for modern healthcare facilities for animals. In addition, the availability of numerous services under a single roof has made this segment very popular among animal owners.
The government has introduced various modern facilities in the animal healthcare sector to provide better services to prevent the spread of diseases among animals. Based on the distribution channel, the segment of the veterinary hospital pharmacy has emerged as the largest market due to the attached healthcare sector, which helps to increase the demand and supply of medicines in the pharmacies. Based on geography, the region of North America has emerged as the largest market due to the massive demand for modern healthcare services for animals.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Snapshots
The region of North America has emerged as the largest market for animal healthcare due to the extensive use of modern technology for various services and diagnoses, which helps the physician decide on a suitable line of treatment with modern medicines. In addition, increasing demand for technological advancement and advanced therapies for animal healthcare has boosted the economy for animal healthcare to a great extent.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 42.3 Billion |
| Projected Market Size in 2030 | USD 94.8 Billion |
| CAGR Growth Rate | 10.7% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Merck Animal Health, Vetoquinol S.A., Zoetis, Ceva Santé Animale, Boehringer Ingelheim GmbH, IDEXX, Heska Corporation, Virbac, Elanco, B.Braun Vet Care, Televet, Mars Inc., Covetous, DRE Veterinary, Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, Thermo Fisher Scientific Inc., IDVet, Bimeda Inc., Midmark Corporation, and Others |
| Key Segment | By Animal Type, Product, Distribution Channel, End User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. Buy Now |
Key Players
- Merck Animal Health
- Vetoquinol S.A.
- Zoetis
- Ceva Santé Animale
- BoehringerIngelheim GmbH
- IDEXX
- Heska Corporation
- Virbac
- Elanco
- B.Braun Vet Care
- Televet
- Mars Inc.
- Covetrus
- DRE Veterinary
- Phibro Animal Health Corporation
- Dechra Pharmaceuticals PLC
- Thermo Fisher Scientific Inc.
- IDVet
- Bimeda Inc.
- Midmark Corporation
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Recent Developments
- Bayer has taken over Elanco limited, aiming to develop the distribution channel of the numerous materials manufactured by the company. This acquisition has enabled pharmaceutical products to produce more turnover over the period.
- In April 2021 – Hester Biosciences manufactured various herbal veterinary products in the market.
Segments covered in the report
By Animal Type
- Companion animal
- Production animal
By Product
- Pharmaceuticals
- Vaccines
- Medical feed additives
- Equipment and disposables
- Diagnostics
- Others
By Distribution Channel
- Ecommerce
- Retail
- Veterinary hospitals and clinics
By End User
- Reference laboratories
- Veterinary hospitals and clinics
- Point of care testing
- Others
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Browse the full “Animal Healthcare Market Size, Trends and Insights By Animal Type (Companion animal, Production animal), By Product (Pharmaceuticals, Vaccines, Medical feed additives, Equipment and disposables, Diagnostics, Others), By Distribution Channel (Ecommerce, Retail, Veterinary hospitals and clinics), By End User (Reference laboratories, Veterinary hospitals and clinics, Point of care testing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/animal-healthcare-market/
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- Bayer has acquired Elanco Limited to enhance the distribution channel of the various products manufactured by the company. This deal has helped the pharmaceutical sector earn more profits over time.
- In April 2021 – Hester Biosciences introduced different herbal veterinary products on the market.
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Veterinary Orthopedic Implants Market: Veterinary Orthopedic Implants Market Size, Trends and Insights By Product (Tibial Plateau Levelling Osteotomy, Advanced Locking Plate System, Total Knee Replacement Implants, Others), By End-User (Hospitals, Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030
Animal Health Reports: https://www.custommarketinsights.com/reports-store/healthcare/animal-health/
This Animal Health Care Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Animal Health Care? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Animal Health Care Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Animal Health Care Market? What Was the Capacity, Production Value, Cost and PROFIT of the Animal Health Care Market?
- What Is the Current Market Status of the Animal Health Care Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Animal Health Care Market by Considering Applications and Types?
- What Are Projections of the Global Animal Health Care Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Animal Health Care Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Animal Health Care Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Animal Health Care Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Animal Health Care Industry?
Directly Purchase a copy of the Animal Health Care report [220+ Pages] @ https://www.custommarketinsights.com/report/animal-healthcare-market/
Reasons to Purchase Animal Health Care Market Report
- Animal Health Care Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Animal Health Care Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Animal Health Care Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Animal Health Care Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Animal Health Care Market @ https://www.custommarketinsights.com/report/animal-healthcare-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Animal Health Care market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Animal Health Care market analysis.
- The competitive environment of current and potential participants in the Animal Health Care market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Animal Health Care market should find this report useful. The research will be useful to all market participants in the Animal Health Care Industry.
- Managers in the Animal Health Care sector are interested in publishing up-to-date and projected data about the worldwide Animal Health Care market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Animal Health Care products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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Click Here to Access a Free Sample Report of the Global Animal Health Care Market @ https://www.custommarketinsights.com/report/animal-healthcare-market/
