The
global animal health industry is one of the most thriving industries in the
world. Over the past decade the concept of animal health has gained major
importance especially the health of farm animals, owing to the growing
awareness of linkages that exist between animal health, human health and
safety. The livestock owners have started to display a keen interest in
ensuring that proper care is being provided to their cattle. Factors such as
inclining demand from consumers for safe and healthy food along with increased
government pressure to build newer systems for animal health management has
been leading the growth in demand for farm animal health products in this
industry.
Rising global population along with per capita consumption
of meat has also increased demand for animal health products particularly in
developing nations. Furthermore, the significance of economic impact of
livestock diseases has also highlighted the importance of animal health
products such as vaccines, medicines and others in every country. The animal
health industry is heavily regulated and animal health has become a concern
globally. This concern stems not only from the public health, food safety and
food security aspects but also from the huge economic costs that animal disease
outbreaks could lead to.
The animal health market has shown consistent growth over
the past several years with market valued at USD ~ billion in 2010 which grew
at a CAGR of ~% to reach USD ~ billion in 2015.
Which Product Is Generating Maximum Revenue For Animal
Health Market?
Parasiticides dominated the
market with the revenue share of ~% in 2015. These products are used for
controlling internal and external parasites in livestock and companion animals.
The major example of their use includes preventing flea and tick infestations
and internal parasites like tapeworm in companion animals. Government
regulations which favor the production and use of parasiticides, rising
adoption of companion animals and increasing prevalence of parasites infecting
animals are the major factors which have fuelled the market of parasiticides
globally.
Biologicals including all
antisera, viruses, toxins, serums or any products from natural or scientific
origin derived from animals to improve immune system captured the second
position in the market. Vaccines form an important part of veterinary
biological market with segment capturing a revenue share of ~% in 2015. Affordable
nature of these vaccines with less cost of vaccines compared to payment of
treatment and prolonged life expectancies for both livestock and companion
animals are the major factors which have generated revenue for biological
segment. The mandate regulation to get dogs and cats vaccinated across the
globe act as major driver.
KEY FACTORS
CONSIDERED IN THE REPORT
· The market
size of Global Animal Health Market
· Snapshot
on North America Animal Health Market
· Snapshot
on Europe Animal Health Market
· Snapshot
on Asia Pacific Animal Health Market
· Porter’s
Five Forces Analysis for Global Animal Health Market
· Trends
and Developments in Global Animal Health Market
· Analyst
Recommendations
· Animal
Health Industry Trends,
· Global
Animal Health Market,
· Global Animal Parasiticides Market
· Market
Share Global Animal Health
· Animal
Vaccines Market
· Global
Biological Market
· Asia Animal Health Sector
· Global
Europe Animal Health Industry
· Global
Market Trends Animal Health
· Global
Future Animal Health
· Global
Market Strategy Animal Health
· Global
Pet Animal Health Developments
· Global
Companion Animal Health Market Size
· Livestock
Animal Health Future
· Global
Anti Infectives Industry Size
· Global
Beta Lactams Market
· India
Animal Health Market
· Global
Zoetis Market Share Animal Health
· Global
Animal Health Market size
· Global
Animal Health Market share
· Global
Animal Health Market Trends
· Global
Animal Health Market growth
Source :
https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html
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