According to a report published by Persistence Market Research (PMR), the global animal healthcare market is expected to witness a CAGR of 4.8% from 2017 to 2025. In 2017, the market was worth US$ 30,744.2 Mn and is estimated to rise to a valuation of US$ 44,847.2 Mn by the end of 2025.
The Animal Healthcare Market To Witness Steadfast Growth In The Next 10
A significant increase in animal farming has led to a rise in demand for animal health services
for improvement of food safety systems and veterinary public health in order to safeguard
human health. The adoption of animal healthcare services is highly dependent on the fiscal,
political, and institutional factors of the country.
In order to increase the adoption of animal health services, governments directly take part by
increasing awareness among the general population regarding animal diseases and privatization
of animal healthcare services. One such scheme in Europe is Livestock Insurance, which was
implemented to increase the effectiveness and efficiency of animal healthcare systems.
Another case that can be considered is of the U.K. government compensating direct loses
incurring owing to the outbreaks from the EU compensation schemes and the U.K. national
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Alivira Animal Health Limited
Zydus Animal Health
Norbrook Laboratories Limited
Phibro Animal Health Corporation
Dechra Pharmaceuticals PLC Norbrook Laboratories, Inc
Boehringer Ingelheim GmbH
Hester Biosciences Ltd.
Intas Pharmaceuticals Ltd.
Merck Animal Health
Elanco (Eli Lilly and Company)
Ceva Santé Animale
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Animal healthcare providers on the other hand are levelling up the game with the
implementation of various strategies. Manufacturers are focused on developing new products
to increase the acceptance of Animal Healthcare, thus expecting to increase their respective
The companies are focusing on outsourcing the manufacturing of animal healthcare products in
order to reduce their manufacturing costs and also compete in the market with reduced prices.
Some of the lead