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animal health market Analysis & Forecast To 2027

The study segments animal health industry in light of major classification such as product type, potential markets, application, and end-user.

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animal health market Analysis & Forecast To 2027

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  1. Animal Health Market To Reach USD 70.01 Billion By 2026

  2. Market Summary The increase in the adoption of pet animals, coupled with the increasing consumption of meat and milk are influencing the market growth. Market Size – USD 43.55 Billion in 2018, Market Growth - CAGR of 5.9%, Market Trends – Demand for veterinary products and treatments. The Global Animal Health Market is forecast to reach USD 70.01 Billion by 2026, according to a new report by Reports and Data. This is mainly contributed by government initiatives to encourage the growth of veterinary products and treatments. Increase in the adoption of pet animals, coupled with the increasing consumption of meat and milk, will boost the growth of the market. Moreover, technological advancements in the healthcare industry will also impact the growth of the market positively. Regulating animal health and preventing animal disease outbreaks is essential to the economy as well as the safety of a country’s food supply. www.reportsanddata.com

  3. Further key findings from the report suggest • The market is segmented on the basis of product type into vaccines, pharmaceuticals, feed additives, and diagnostics. • The vaccines segment is forecast to witness the highest growth rate of 7.4% during the forecast period. • Animals receive vaccines for infectious diseases such as rabies, parvovirus, distemper, hepatitis, rotavirus, E. coli, pinkeye, and brucellosis. • Veterinary vaccines have an important role in protecting animal health, reducing animal suffering, enabling efficient production of animal foods, and significantly reducing the need for antibiotics to treat food and companion animals. • The market is segmented on the basis of animal type into production animal and companion animal. • The companion animal segment is forecast to witness the highest growth rate of 7.4% during the forecast period, owing to the increasing rate of pet adoption, especially dogs and cats. • Animal companions are said to improve overall mental and physical health. • For instance, the hormone named oxytocin when released into the brain of both the human and the animal creates a sense of calm, regulating breathing, and lowering blood pressure and pulse rate. • The market is segmented on the basis of dosage type into oral, parenteral, topical, and transdermal. • The transdermal segment is forecast to witness the highest growth rate of 7.1% during the forecast period.

  4. Market Summary Key Players: Elanco, Bayer, Merial, Merc, Biogenesis Bago, Zoetis Inc., Ceva Sante Animale, Boehringer Ingelheim, Neogen, Heska, Thermo Fisher Scientific, Novartis, Vetoquinol, and Virbac, among others. Segmentation: Product types Outlook (Revenue, USD Billion; 2018-2026) • Vaccines • Pharmaceuticals • Feed Additives • Diagnostics Animal type Outlook (Revenue, USD Billion; 2018-2026) • Production Animal • Companion Animal Dosage type Outlook (Revenue, USD Billion; 2018-2026) • Oral • Parenteral • Topical • Transdermal To look at the PDF Sample Report and get 30 minutes of a free consultation @ https://www.reportsanddata.com/sample-enquiry-form/1378 www.reportsanddata.com

  5. Market Summary Distribution channel Outlook (Revenue, USD Billion; 2018-2026) •Retail pharmacies and drug stores •E-commerce •Veterinary Hospitals & Clinics End users Outlook (Revenue, USD Billion; 2018-2026) •Reference Laboratories •Point-of-care Testing/In-house Testing •Veterinary Hospitals & Clinics •Others Regional Outlook (Revenue, USD Billion; 2018-2026) •North America •Europe •Asia Pacific •Latin America •MEA Grab Your Report at an Impressive Discount! Please Click Here : https://www.reportsanddata.com/discount-enquiry-form/1378 www.reportsanddata.com

  6. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  7. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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