The global animal healthcare market is expected to increase from $29,537.4
million in 2014, and reach $44,203.2 million by 2020, with a CAGR of 7.0%
during 2015 – 2020. The global animal healthcare market is mainly driven by increasing
trend of pet adoption. The
adoption of western culture and changing lifestyles in the developing countries,
such as India and China, has increased the adoption of pet animals, which in
turn is supporting the growth of the animal healthcare market. Pet ownership is
one of the major status symbols observed in the developing countries. Cats and
dogs are adopted by the people for psychological and therapeutic benefits. India
animal healthcare market is expected to witness fastest growth, with a CAGR of 10.1%
during 2015 – 2020. The booming trade of meat products and increasing meat
consumption has led to upsurge in the production animal’s population within the
region. There has been a considerable growth in zoonotic diseases, due to the upsurge
in the animal population, which has supported the growth of the animal
healthcare market in the region.
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The evolution of new diseases offers
untapped opportunities for the animal healthcare market. To find enhanced
solutions for the prevailing and new diseases, the companies in the animal
healthcare market are increasing their research and development activities. As
the prevention drugs are not available in the market, the recently diagnosed
diseases acts as threat for the owners of animal farm. Under such circumstances,
they have to follow the natural method of stopping the disease from spreading,
as suggested by the veterinarians and the animal health boards. One such
disease is porcine epidemic diarrhea virus (PEDV), which is caused by corona
virus. It leads to infection in the cell lining within the small intestine of
pigs.
The information and data in the
publication “Global Animal Healthcare
Market Size, Share, Development, Growth and Demand Forecast to 2020”
represent the research and analysis of data from various primary and secondary
sources. P&S Market Research analysts and consultants interact with leading
companies of the concerned domain to substantiate every value of data presented
in this report. The company bases its primary research on discussions with
prominent professionals and analysts in the industry, which is followed by
informed and detailed online and offline research.
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The vaccines segment is expected to grow
fastest, with a CAGR of 6.1%, during 2015 - 2020 in the global animal
healthcare market. As the population of pets is increasing, the animal bite
cases have also gone up, thus increasing the chances of disease transfer to human
population. This concern has acted as a support to the growth of the vaccines
market.
Some of the transmissible diseases,
such as zoonosis, in vertebrate animals can be transferred indirectly or
directly to humans. If consumers digest worm through undercooked or raw
infected fish, then they can get infected through anisakiasis. The increasing
prevalence of zoonotic and food borne diseases has raised the concern of animal
farm owners, and pet owners regarding the health of their animals. In the U.S.
and other countries, brucellosis (bacterial infection) is increasing and it can
cause still birth or abortion in animals. The bacterial infection generally
affects goats and livestock animals, such as cows and sheep.
The major companies operating in the
global animal healthcare market include Zoetis
Inc., Merck & Co. Inc., Merial Limited, Bayer AG, Virbac SA, Ceva Sante
Animale S.A., Boehringer Ingelheim GmbH, Elanco Animal Health Inc., and Vetoquinol S.A.
ANIMAL HEALTHCARE MARKET SEGMENTATION
Animal Healthcare by Product
·
Pharmaceuticals
·
Feed
Additives
·
Vaccines
Animal Healthcare by Animal Type
·
Companion
Animals
·
Production
Animals
GEOGRAPHICAL SEGMENTATION
Animal Healthcare Market by Region
·
North
America
o
The
U.S.
o Rest of North America
·
Europe
o
Germany
o
France.
o
Italy
o
The
U.K.
o Rest of Europe
·
Asia-Pacific
o
China
o
India
o
Australia
o Rest of Asia-Pacific
·
Rest
of the World (ROW)
o Brazil
o Others
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