Global Animal Health Care Market Overview:
Animals are a source of food, more specifically protein for human diets, income and employment. Animal healthcare has broad implications. Augmented livestock production brings risks to public health from greater animal-human contact and zoonotic diseases. The rising concerns related to zoonotic diseases, increasing consumption of milk and meat and rising adoption of companion animals are the significant keys driving the animal health care market growth. However, rising cost and regulations on animal testing is hampering the market Some of the players profiled in the study are Bayer Healthcare AG (Germany), Boehringer Ingelheim GmbH (Germany), Cargill Inc. (United States), Ceva Sante Animale (France), Eli Lilly and Company (United States), Evonik Industries (Germany), Merck & Co. Inc. (United States), Nutreco N.V. (Netherlands), Sanofi S.A. (France) and Zoetis Inc. (United States). According to Market Analyst at AMA, the Global Animal Health Care market may see a growth rate of 4.6%
On the basis of geography, the market of Animal Health Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2019. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel , the sub-segment i.e. Online will boost the Animal Health Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type , the sub-segment i.e. Additive feed will boost the Animal Health Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising prevalence of food-borne zoonotic
- Increasing consumption of animal-derived products
- Increasing adoption of companion animals
- Rising cost and regulation on animal testing
- Increasing demand for protein rich diet such as milk, meat and eggs
- Lack of awareness in developing economies
On 13 Nov, 2018, fodjan, a developer of digital solutions for more efficient feeding management in livestock farming, has today announced itís secured a partnership with Nutreco. and On 31 July, 2018, Zoetis Inc. today announced the completion of the acquisition of Abaxis, a leader in the development, manufacture and marketing of diagnostic instruments for veterinary point-of-care services.
The Animal Welfare Act was signed into law in 1966. It is the only Federal law in the United States that regulates the treatment of animals in research, exhibition, transport, and by dealers. Other laws, policies, and guidelines may include additional species coverage or specifications for animal care and use, but all refer to the Animal Welfare Act as the minimum acceptable standard. The Act is enforced by USDA, APHIS, and Animal Care
Target Audience:Manufacturers of animal health product, Suppliers of animal health product, Wholesalers, distributers and retailers of animal health product, Animal health care center, Research firms, Organizations and Governmental bodies
Major Objectives Focused through this Study To define, describe, and forecast the Global Animal Health Care market on the basis of product [Companion Animals and Farm Animals] , application [Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores and Online Pharmacies], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Animal Health Care market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Animal Health Care industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Virbac SA. (France), Vetoquinol SA (France), Phirbo Animal Health (United States) and Hester Biosciences Limited (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Animal Health Care market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.