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Animal Healthcare Market to grow at 4% CAGR from 2016 to 2024

Get more details @ http://bit.ly/2twmbR2 <br>Some of the key industry players contribute to significant animal healthcare market share in 2016. The leading players manifest intense competition to gain maximum business share.

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Animal Healthcare Market to grow at 4% CAGR from 2016 to 2024

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  1. Animal Healthcare Market forecast to reach $45bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Animal Healthcare Market: • Global Market Insights, Inc. says Animal Healthcare Market size to exceed USD 36 billion by 2024. • Increasing prevalence of animal diseases coupled with growing adoption of pet animals should drive the global animal healthcare market size. • Rising disposable income of pet owners especially in developed regions will enable them to spend on pet healthcare leading to exponential animal healthcare market growth. • With global population expanding at an alarming rate, the demand for animal source protein and animal healthcare products will only increase, resulting to more animal farming over the forecast timeframe. • Favorable government initiatives to promote animal healthcare practices and rapid developments in the field of animal health medicine will serve as a high impact rendering factor over the forecast years.

  3. Continued... • Stringent regulations in many countries pertaining to use of antibiotics and antimicrobials in animal feed, high cost associated with animal testing and low out-of-pocket pet healthcare expenditure in developing countries will restrain the market growth over the coming years. • Animal parasiticides should witness high growth over the coming years owing to rising awareness about parasites and their ill-effects on animal and human health. • Increasing use of parasiticides in growing number of farm and companion animals should drive the business growth. • Medicated feed additives should witness robust growth over the forecast years. • U.S. animal healthcare market held largest regional market share in 2016, owing to rising number of pet animals, high disposable incomes of pet owners, escalated awareness about animal health, availability of advanced medicines and presence of large number of established companies.

  4. Continued... • France animal healthcare market held largest regional share in 2016. Increasing demand for anti-infectives and endoparacitisides for prevention of zoonotic diseases should stimulate business growth. • Some of the leading industry players include Zoetis, Merck, Elanco, Bayer, Boehringer Ingelheim, Virbac, Phirbo Animal Health, CevaSanteAnimale, and Vetoquinol. • Merger and acquisition, new product development and geographical expansion are some of the strategies adopted by industry participants to gain market share.

  5. Europe Animal Healthcare Market, 2013-2024 (USD Million)

  6. Browse Full Market Research Report On Animal Healthcare Market @ http://bit.ly/2uosEBj Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/735https://www.gminsights.com/request-sample/detail/49

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