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The animal health market value is expected to increase over the forecast period with adoption of advanced med-technology approaches for animal treatment & diagnosis. Accordingly, the market players are developing innovative technological approaches. For instance, in July 2020, Bayer AG introduced a new online tool, SRD Smart Compare that eases veterinarians to aid in their selection of an antibiotic treatment for swine respiratory disease.<br><br>Furthermore, due to increasing predominance of various complex infectious animal diseases such as swine respiratory disease (SRD), zoonotic disease and others, the need to protect animal health is growing. This will contributes to the growth of animal health market.<br><br>Besides, emerging government initiatives and measures to enhance animal health products is supposed to boost the market growth for animal health. Robust focus on innovation in animal health has given rise to certain measures that are driving the animal health market growth prospects. For instance, the Innovative Medicines Initiative (IMI) is a public-private partnership, which supports collaborative research to fuel the innovation of veterinary pharmaceuticals in Europe.
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6/3/2020 Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 (/) Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 NEWS PROVIDED BY OG Analysis (http://www.einpresswire.com/newsroom/oganalysis.com/) April 21, 2020, 14:00 GMT ARTICLE www.facebook.com/sharer.php? %2F%2Fwww.einpresswire.com%2Farticle%2F515097233%2Fanimal-health-market-to-grow-with-a- -during-the-estimated-time-period-2020- mal+Health+Market+to+grow+with+a+CAGR+of+5.87%25+during+the+estimated+time+period+2020- (https://twitter.com/intent/retweet?tweet_id=1252598037031063553) .linkedin.com/shareArticle? url=https%3A%2F%2Fwww.einpresswire.com%2Farticle%2F515097233%2Fanimal-health-market-to- -cagr-of-5-87-during-the-estimated-time-period-2020- Animal+Health+Market+to+grow+with+a+CAGR+of+5.87%25+during+the+estimated+time+period+2020- (/article-print/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated- -2020-2026) a5577fd4fe2f5b7e3bf4eb.ssl.cf2.rackcdn.com/EINPresswire-515097233-animal-health-market-to-grow- -of-5-87-during-the-estimated-time-period-2020-2026-2.pdf) (https://0e190a550a8c4c8c4b93- 2020 Animal Health Market Size, Share and Trend Analysis Report to 2026- Growth Opportunities and Competitive Analysis ETHIOPIA, April 21, 2020 /EINPresswire.com (http://www.einpresswire.com)/ -- The Animal Health market (https://www.oganalysis.com/industry-reports/217681/animal- health-market) value is set to increase over the forecast period 2020-2026 with the adoption of advanced med-technology approaches for animal treatment & diagnosis. https://www.einpresswire.com/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated-time-period-2020-2026 1/7
6/3/2020 Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 (/) (https://img.einpresswire.com/large/138819/animal-health-market.png#483x291) Global Animal Health Market Furthermore, due to increasing predominance of various complex infectious animal diseases such as swine respiratory disease (SRD), zoonotic disease and others, the need to protect animal health is growing resulting to the animal health market size. Besides, emerging government initiatives and measures to enhance animal health products is supposed to boost the market growth for animal health. Request Free Sample @ https://www.oganalysis.com/sample/217681 (https://www.oganalysis.com/sample/217681) The pharmaceutical product type holds 55% market share in the animal health market and animal-derived protein demand is on surge with 70% increase from date till 2050. Accordingly, the market players are developing innovative technological approaches. For instance, in 2020, Bayer AG introduced a new online tool, SRD Smart Compare that eases veterinarians to aid in their selection of an antibiotic treatment for swine respiratory disease. Browse Animal Health Market, Research Report @ https://www.oganalysis.com/industry- reports/217681/animal-health-market (https://www.oganalysis.com/industry- reports/217681/animal-health-market) Elementary aspects of regional analysis of animal health market growth https://www.einpresswire.com/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated-time-period-2020-2026 2/7
6/3/2020 Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 North America holds the major share of animal health market owing to a broad range of de?nitive measures initiated by government animal welfare groups that are working (/) actively to enhance animal health overall. In the U.S., about 60% of animal health sales are companion animal products and about 40% are food-producing animal products. In addition, advances in technology, rising prevalence of zoonotic diseases, and growing numbers of pet owners to improve the demand in developed countries. Robust focus on innovation in animal health has given rise to certain measures that are driving the animal health market growth prospects. For instance, the Innovative Medicines Initiative (IMI) is a public-private partnership, which supports collaborative research to fuel the innovation of veterinary pharmaceuticals in Europe. Moreover, in Asia Paci?c the exponential growth is attributed to increased awareness of pet foods and supplies, and increased disposable income. Request for Special Discount on Animal Health Market @ https://www.oganalysis.com/discount/217681 (https://www.oganalysis.com/discount/217681) Key players contributing in the Animal Health Market share Acquisitions, collaborations and strategic approaches by key ?rms to trigger the animal health market share. For instance, in 2020, Elanco Animal Health Inc. acquired Bayer Animal Health with a $7.6 billion to ensure the right structure and to support the combined organization for animal health. Further, in 2020, NOAH chair highlighted the bene?ts of vaccination to support the health and welfare of the nation’s farmed and companion animals. https://www.einpresswire.com/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated-time-period-2020-2026 3/7
6/3/2020 Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 In addition, in 2020, Phibro Animal Health Corporation participated in the Bank of America Merrill Lynch 2020 Virtual Healthcare Conference. (/) Moreover, in response to the COVID-19 in the year 2020 MWI Animal Health distributed Petriage's unique veterinary telehealth service in North America Additionally, in 2020, US ?rm Animart renamed as Armor Animal Health to re?ect as a more comprehensive animal health management company. Furthermore, in 2019, Merck acquired Antelliq Corporation operational in the ?eld of digital animal identi?cation to improve its veterinary vaccines and pharmaceutical solutions portfolio. Other key players participating in animal health market include Zoetis, Virbac, Vetiquinol SA, Nutreco NV, Merck Animal Health, Eli Lilly, Elanco, Ceva Sante Animale, Boehringer Ingelheim GmbH, and Bayer AG among others. Related reports • Nutritional Ingredients in Animal Feed Market (https://www.oganalysis.com/industry- reports/213552/nutritional-ingredients-in-animal-feed-market) • Animal Feed Additives Market (https://www.oganalysis.com/industry- reports/217680/animal-feed-additives-market) • Animal feed Market(https://www.oganalysis.com/industry-reports/213593/animal-feed- market (https://www.oganalysis.com/industry-reports/213593/animal-feed-market)) • Functional Plant and Animal Protein Market(https://www.oganalysis.com/industry- reports/213216/functional-plant-and-animal-protein-market (https://www.oganalysis.com/industry-reports/213216/functional-plant-and-animal- protein-market)) Ambarish Ram OG Analysis +91 73370 13757 email us here (http://www.einpresswire.com/contact_author/515097233) Visit us on social media: https://www.einpresswire.com/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated-time-period-2020-2026 4/7
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6/3/2020 Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 Intravenous Immunoglobulin (IVIG) Market to grow with a CAGR of 7.2% over the forecast period 2020-2026 (/article/515187388/intravenous-immunoglobulin-ivig-market-to-grow-with-a-cagr-of- 7-2-over-the-forecast-period-2020-2026) (/) Biologics Market to emerge with a robust growth of 10.4% CAGR over 2020-2026 (/article/515097733/biologics-market-to-emerge-with-a-robust-growth-of-10-4-cagr-over-2020- 2026) Animal Health Market to grow with a CAGR of 5.87% during the estimated time period 2020-2026 (/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated- time-period-2020-2026) View All Stories From This Author (http://www.einpresswire.com/newsroom/oganalysis.com/) PR Distribution Newswires Press Releases Resources Help/Support Contact User Agreement (/user-agreement) Privacy Policy (/privacy-policy) Copyright Policy (/copyright) © 1995-2020 IPD Group, Inc. dba EIN Presswire All Right Reserved. https://www.einpresswire.com/article/515097233/animal-health-market-to-grow-with-a-cagr-of-5-87-during-the-estimated-time-period-2020-2026 7/7