These advancements include advent of efficient information management systems, animal owner mobile technology, and vaccine banks.
According to the American Pet Products Association (APPA) 2019, 67% of the U.S. households own a pet. The dominant share captured by the segment is presumed to be a consequence of consistent advancements in these products, including use of metabolic modifiers, enzymes, minerals, and probiotics. These factors cumulatively are responsible for the significant share captured by production animals in this segment.North America captured a substantial share in the global market in 2019, owing to a wide range of definitive measures adopted by government animal welfare organizations that are consistently working for overall improvement in animal health. Design an exclusive study to serve your research needs.A testimonial for service in the form of BBB "A" Accreditation.Your personal and confidential information is safe and secure. Request a sampleto learn more about this report. Pet animal health products is defined as products that help prevent and treat diseases, and improve and prolong the lives of companion animals and farm animals… The heightened production of animal-based food products will lead to significant price reduction, facilitating easy access to food at affordable prices.The market is driven by technological advancements in veterinary health care, and this is anticipated to offer future growth opportunities. This website is secure and your personal details are safe. Animal health sits at the intersection of two large and growing industry sectors: pet care and livestock production. Addition or alteration to country, regional & segment scope.Avail customized purchase options to meet your exact research needs. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This unprecedented rise in disease prevalence has triggered companies to produce advanced vaccines and pharmaceuticals. Also, it splits Pet Animal Health Product Market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.To view the original version on The Express Wire visit Collaborative efforts undertaken by major companies to enhance their R&D capabilities and ensure high quality standards are also anticipated to impel demand across this region.Asia Pacific is expected to register a lucrative CAGR over the coming years.
This growth is believed to be a result of various advantages such as increased convenience for patients not willing to purchase medicines from retail or hospital pharmacies.Increase in the incidence of zoonotic diseases caused by globalization and climate changes is expected to drive the demand for diagnostic procedures, which is expected to drive the point-of-care testing/in-house testing segment in the coming years. Policymakers in various countries are striving to achieve total food security, which propels large-scale food production and results in greater rearing of livestock.The policies are focused on long-term sustainability, which can be achieved through a combination of improving productivity and greater attention to livestock veterinary healthcare. Increasing Adoption of Pets by People for Companionship The adoption of pets is a significant market trend. This is anticipated to propel the segment growth over the forecast period.E-commerce/online pharmacies selling animal health products are anticipated to witness exponential growth throughout the forecast period. The global animal health market size was valued at USD 47.1 billion in 2019 and is expected to exhibit a CAGR of 5.8% during the forecast period. From a global perspective, this report represents overall Pet Animal Health Product market size by analysing historical data and future prospect. The aforementioned categories cumulatively held a dominant share of over 35.0% in the market for animal health in 2019. High focus on innovation in animal health has given rise to certain measures that are strengthening market growth prospects. According to the UN Department of Economic and Social Affairs, the global population is approximately 7.3 billion and it is anticipated to reach around 9.7 billion by 2050, of which 795 million people are undernourished, as per the estimations of the International Fund for Agricultural Development (IFAD).The aforementioned statistics exemplify the urgent requirement to expand food supply through large-scale adoption of livestock.
Increase in initiatives to create awareness among companion animal owners about the benefits and value of preventive care in pets is one of the key contributing factors for in-house testing in animal health. For the purpose of this study, Grand View Research has segmented the global animal health market report on the basis of animal type, product, distribution channel, end use, and region: Report Overview.
Major manufacturers rely on only licensed veterinarians and authorized distributors for the distribution of medications and vaccines. This report categorizes the market based on manufacturers, regions, type and application.Report further studies the market development status and future Pet Animal Health Product Market trend across the world.