Global Animal Health Market: Industry Analysis & Outlook (2016-2020)
- Report Description Table of Contents
Animals like humans also suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Improving the health and well-being of companion animals and livestock and treating them is the foremost objective of animal health industry. The animal health industry includes all products and services, other than livestock feed and pet food that promotes livestock productivity and health and companion animal health. These products and services include medicines and vaccines, diagnostics, medical devices, pet supplies, nutritional supplements, veterinary and other related services.
The key factors driving the growth of animal health market are increasing demand for commercial and companion animals, rising ageing population and accelerating economic growth. Some of the noteworthy trends and developments of this industry are human drugs for animal use, growing demand of pet insurance and preventive therapies. However, the expansion of animal health market is hindered by increasing pressure to reduce the use of antibiotics in livestock and high cost of product development.
The report “Global Animal Health Market” provides an in-depth analysis of the animal health market on a global scale discussing its major segments: companion animals and food producing animals. The global market along with markets of the US, Europe and India are being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Sanofi, Merck, Elli Lilly and Zoetis. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.