Rising Meat Consumption Drives Veterinary Healthcare Products Sales Globally

Press Release   •   Jan 08, 2018 07:56 EST

QYResearchReports has added a market study, titled “Global Veterinary Healthcare Product Sales Market Report 2017,” to its repository. The report examines and forecasts the market both at the global and local level. It presents information on the different factors driving or restraining the market and brings to the fore the opportunities in it. It estimates its current and future size in terms of revenue and the current and future competitive dynamics too.

The report finds that both animal husbandry and treatment of pets at home have undergone a sea change owing to increased concern over their well-being. In the domain of animal husbandry, for example, need to grow sales and eventually business has led to the swift uptake of veterinary healthcare products for the better quality of livestock. Soaring demand for meat, milk and milk products, and other poultry items from all over the world have necessitated the use of veterinary healthcare products.

It has been seen that the rising consumption of meat, particularly pork and chicken, has upped exposure to foodborne pathogens. Some of them like E. coli and Salmonella can lead to diseases in people that can cause death at times. Further, there is always a danger of new strains of influenza viruses because of transportation of animals across long distances. Apart from that, most farms are concentrated in the same place, leading to overcrowding of confined animals that serves to increase the risk of avian influenza transferring to pigs.

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The reassortment of the virus can bring about new strains and even infect humans. In addition, such farms also up the risk of spreading and mixing of virus strains with animals crammed into a small space. These viruses eventually make their way to the food plates of humans. To prevent such dangers, authorities and non-profit organizations are organizing vaccinations, carrying out surveillance, and pouring money into research and development of veterinary healthcare products. All these have served to up sales of veterinary healthcare products.

When it comes to pets, an increasing number of pet owners are going the extra mile to care for the animals they own. One way of doing that is through veterinary care which has pushed up demand for veterinary healthcare products.

Depending upon the type of veterinary healthcare products, the market has been classified into vaccines, paraciticides, anti-infectives, medicinal feed additives, etc. in the report. It studies each segment carefully to understand the sales and revenues each segment pulls in and the prospect it holds out in the long run. The report also finds that the veterinary healthcare products find application in pet, poultry, and other areas.

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Geographically, the report divides the market for veterinary healthcare products into the U.S., Europe, China, Japan, India, and Southeast Asia. North America of them accounts for a dominant position in the market because of the sizeable chunk of pet owners and a large animal husbandry industry in the region. Ability of pet owners to spend on their animals’ welfare, along with strict rules and procedures for testing are also serving to stoke market growth in the region.

Prominent names operating in the global market for veterinary healthcare products are Merck, Pfizer,
Sanofi-Aventis, Virbac, Bayer HealthCare, Boehringer Ingelheim, Novartis, Heska Corporation, Johnson & Johnson, Bioniche Animal Health Canada, Inc., MedFly, Ceva, etc. The report furnishes information on their key strategies, products, and sales and revenues. It also leverages analytical tools to enable players to tap better into the market by understanding the potential and pitfalls in it.

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