Animal Healthcare Market
Animal Healthcare Market Size And Forecast
According to Verified Market Research, the Animal Healthcare Market was valued at USD 28.4 Billion in 2018 and is projected to reach USD 41.6 Billion by 2026, growing at a CAGR of 4.8% from 2019 to 2026.
Global Animal Healthcare Market Outlook
An increasing focus on animal healthcare such as new animal diseases, growing consumption of meat and milk globally are major factors expected to fuel the market growth. Besides, the rising foodborne and zoonotic diseases and increasing trend of pet adoption are further propelling the market growth. Moreover, changes in factory farming practices for bulk production that requires good quality animal feed additives, hygiene management products and vaccines and others are augmenting the growth of animal healthcare market. However, the strict regulation guidelines and complex procedures for obtaining approval and licensing of animal healthcare products are the factors that might limit the market growth.
Global Animal Healthcare Market Competitive Landscape
The Global Animal Healthcare Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Merck Animal Health, Zoetis, Inc., Vetoquinol SA, Ceva Sante Animale, Boehringer Ingelheim GmbH, Virbac SA, Elanco, Bayer AG, Intas Pharmaceuticals, Ltd., and Zydus Animal Health.
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