The report “Animal Healthcare Market” product type (feed additives, vaccines, parasiticides, anti-infectives, and others.), by animal type (companion animals, and farm animals.), by route of administration (oral, parenteral, and topical.), by distribution channel type (veterinary hospitals & clinics, pharmacies & drug stores, and online pharmacies.) by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ XX Bn by 2027 to exhibit a CAGR of XX % during a forecast period.
In animal, the growth of zoonotic and foodborne diseases is increase in recent years have become a major driving factor of the global animal healthcare market. People are now more concerned about animal health and demand for safer animal products for their consumption, which is also boosting the growth of the animal healthcare market. Moreover, lack of arable land and growth in competition for sophisticated land are limiting the growth of the global animal healthcare market.
North America is leading the animal healthcare market during the forecast period.
North America is leading the animal healthcare market during the forecast period with around 35 % share of the global animal healthcare market. North America leads in almost every animal healthcare market segment including vaccine, medical feed, anti-infective or diagnostic market. The U.S. and Canada are the two prominent countries of animal healthcare market in North America region. North America is boosting rapidly, owing to the rising alertness about animal related diseases and food safety.
Pharmacies & Drug Stores are anticipated to register faster growth in the global animal healthcare market during the forecast period.
Pharmacies & Drug Stores are anticipated to register faster growth in the global animal healthcare market during the forecast period, due to rise in the number of veterinary diseases.
Vaccines are leading the animal healthcare market during the forecast period.
Vaccines are leading the animal healthcare market during the forecast period, owing to the prevention of diseases, which will expected to result in the development of a variety of prophylactic vaccines. Moreover, the trade of animals and their meat for the purpose of eating will also drive the demand for vaccines in the animal healthcare market. Government have established vaccination programs, which are projected to rise the role of vaccines and it is boosting the global animal healthcare market.
Feed additives segment is estimated to lead the animal healthcare market by product type with 45% value share of the global animal healthcare market.
Feed additives segment is estimated to lead the animal healthcare market by product type with 45% value share of the global animal healthcare market, owing the increased use of feed additives segment in order to prevent the development of disease in feed animals. The rise the demand for medicated feed additives is expected and register highest CAGR growth rate during the forecasted time period.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global animal healthcare market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry eco Route of Administration, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global animal healthcare market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global animal healthcare market positioning of competitors.
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