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Future Outlook and Projections of Global Animal Health Market: Ken Research

Press Release   •   Oct 27, 2016 12:33 IST

According to Ken Research The global animal health industry is one of the most thriving industries in the world. Over the past decade the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health and safety. The livestock owners have started to display a keen interest in ensuring that proper care is being provided to their cattle. Factors such as inclining demand from consumers for safe and healthy food along with increased government pressure to build newer systems for animal health management has been leading the growth in demand for farm animal health products in this industry. Additionally, the fact that sick animals cannot be deemed fit for the consumption of human beings to prevent zoonotic diseases also supports the growth.

The global animal health industry is one of the most thriving industries in the world. Over the past decade the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health and safety. The livestock owners have started to display a keen interest in ensuring that proper care is being provided to their cattle. Factors such as inclining demand from consumers for safe and healthy food along with increased government pressure to build newer systems for animal health management has been leading the growth in demand for farm animal health products in this industry. Additionally, the fact that sick animals cannot be deemed fit for the consumption of human beings to prevent zoonotic diseases also supports the growth, According to Ken Research.

North America dominated the market with revenue share of ~% in 2015. Economic stability among animal owners to opt for expensive healthcare products for animals and awareness among people about available treatment options are the major factors which have driven the animal market in North America. It has been observed that per capita disposable income in US has inclined from USD 35,791 in 2010 to USD 41,019 in 2015, which clearly explains that people living in the country could afford expensive healthcare options for their pets and livestock animals. Additionally, presence of pharmaceutical giants in the region who launch innovative products in market further elevates the total revenue generated by market. Europe followed North America with revenue share of ~% in 2015. Nominal approval regulations and easy availability of the products in fewer prices in the region owing to the presence of major animal health companies in the region are the major factors which have helped the market players to generate high revenue in the nation. Companies such as Merial, Bayer AG, Ceva Sante Animale, Virbac, and the Vetoquinol Group are based in Europe and have found top positions among top 10 animal health companies globally, According to Ken Research.

Topics Covered in the Report

India Animal Health Market

Zoetis Market Share Animal Health

Global Animal Health Market size

Global Animal Health Market share

Global Animal Health Market Trends

Global Animal Health Market future

Global Animal Health Market analysis

India Animal Health Market

China Animal Health Market

Australia Animal Health Market

US Animal Health Market

Canada Animal Health Market

World Organization for Animal Health (OIE) is a responsible body for monitoring health and wellness of animals at a global level. The organization was first known as Office International des Epizooties; changed its name to World Organization for Animal Health but kept its abbreviation the same. OIE aims to improve animal health and welfare all over the world, irrespective of cultural practices, of the economic situation of member countries.

For More Details Click on : https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html

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