Animal Healthcare Market - Size, Share, Trend, Analysis, 2019

Animal Healthcare Market: Asia Pacific region shows big opportunity

in the market, 2019

Persistence Market Research

Global Animal Healthcare Market to Expand

at 7.1% CAGR - Persistence Market

Research

Persistence Market Research

1

Animal Healthcare Market: Asia Pacific region shows big opportunity

in the market, 2019

Persistence Market Research Released New Market Report “Global Market Study on Animal

Healthcare: Feed Additives to Witness Highest Growth by 2019,” the global animal

healthcare market was valued at USD 27,861.2 million in 2013 and is expected to grow at a

CAGR of 7.1% from 2014 to 2019, to reach an estimated value of USD 41,929.1 million in

2019.

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Increasing population of companion and production animals is driving the global animal

healthcare market. The animals that serve man by giving companionship and guarding their

houses/offices are termed as companion animals, while those animals which serve mankind

with their meat and milk and fur are called production animals.

The new types of diseases in animals and their transfer to humans via their product

consumption and companionship are escalating the animal healthcare market globally.

However, some challenges in the form of regulations have emerged against the excess use

of antibiotics in production animals, and legislations and protest of animal activists and

institutions against animal research.

The animal healthcare market is very competitive with the top ten players accounting for

about three-fourth of the market.

The companies are focusing on their research and

development activities to produce better pharmaceutical and vaccine products for the

existing and newly diagnosed diseases.

Increasing per-capita income level, changing lifestyle, and growing population has increased

global meat consumption. The number of animal farms is also increasing globally due to

increasing demand for protein rich food such as...