Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Farm Animal Healthcare Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive research offering on the Global Farm Animal Healthcare Market has been added to a leading market insights platform, delivering an in-depth analysis of the current and future market scenarios.
The report highlights significant growth in the farm animal healthcare sector, which is expected to expand from a previous market size of $19.77 billion in 2023 to an estimated $28.07 billion by 2028, charting a CAGR of 7.3%.
This growth can largely be attributed to the increasing livestock populations, growing awareness of animal health, and the rising prevalence of zoonotic diseases, which has intensified the need for effective healthcare services for farm animals. Industry leaders are capitalizing on these trends by developing innovative technologies and services to bolster farm animal health and productivity across the globe.
The report showcases key product segments such as vaccines, parasiticides, anti-infectives, and medical feed additives, emphasizing their critical roles in disease prevention and management. With reference to regional analysis, North America is cited as the predominant market, while Asia-Pacific is projected to witness the fastest growth during the forecast period.
Market Dynamics and Emerging Trends
- The surge in global food demand and increased focus on preventive healthcare are driving the advancement of the farm animal healthcare market.
- Digital health solutions, biotechnological innovations, and eco-friendly practices are emerging as major trends within the industry.
- The rising threat of zoonotic diseases highlights the importance of farm animal healthcare and is a significant market propellant.
- Robust developments in data management and software solutions are streamlining farm animal healthcare, offering enhanced efficiency.
The research report also captures strategic movements within the industry, detailing recent acquisitions and the launch of cutting-edge products by prominent companies. These strategic initiatives are indicative of the sector's commitment to embracing digital transformation and improving health outcomes for farm animals.
As the global population and demands for animal-sourced foods increase, stakeholders in the farm animal healthcare market are focusing on innovation and collaboration to ensure sustainable practices and optimized animal health. Alongside technological advancements, this sector is poised to meet the evolving needs of a critical component of the global food supply chain.
Industry professionals, investors, and policymakers will find this report to be an invaluable resource for understanding market dynamics, identifying growth opportunities, and formulating strategic decisions that will shape the future of farm animal healthcare.
For a comprehensive understanding of the Global Farm Animal Healthcare Market and its trajectory, stakeholders are encouraged to consider the extensive data, trends analysis, and forecasts that this latest report provides.
A selection of companies mentioned in this report includes
- Bayer AG
- C. H. Boehringer Sohn AG & Co. KG
- Ceva Santé Animale
- Merck & Co. Inc.
- Virbac Corporation
- Zoetis Inc.
- Vetoquinol Animal health pvt. Ltd.
- Norbrook Laboratories
- Alivira Animal Health Limited
- Phibro Animal Health
- Intas Pharmaceuticals Limited
- Hester Biosciences Limited
- Eli Lilly and Company
- Elanco Animal Health Incorporated
- Biogenesis Bago SA
- Animalcare Limited
- Bimeda Inc.
- Eco Animal Health Pvt. Ltd.
- Dechra Pharmaceuticals PLC
- Hipra
- Huvepharma Inc.
- Indian Immunologicals Limited
- Jurox Pty Ltd.
- Kyoritsu Seiyaku Corporation
- Neogen Corporation
- Phytobiotics Futterzusatzstoffe GmbH
- Vaxxinova International BV
- Wedgewood Pharmacy
- Orion Pharma Animal Health
- Kane biotech Inc.
For more information about this report visit https://www.researchandmarkets.com/r/e3qqfs
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