Published on : Sep 26, 2016
ALBANY, New York, September 26, 2016: A new report, recently added to the vast repository of ResearchMoz.us, presents a comprehensive analysis of the global market for animal health for the period of 2016-2020. The study, titled “Global Animal Health Market: Industry Analysis & Outlook (2016-2020),” takes the past and current performance of this market into consideration to determine its future status. Key trends and the growth prospects of this market have also been discussed at length in this research report.
According to the study, the rising prevalence of zoonotic and food-borne diseases has augmented the need to take care of farm animals’ health significantly, as the consumption of milk and meat has grown substantially across the world. Apart from this, the rising trend of keeping pets at home has also provided a considerable impetus to this market in the recent times. Over the forecast period, these trends are likely to remain the same and continue to support the global animal health market, states the research report.
On the other hand, the escalating expenses incurred on animal testing are expected to deter animal farmers from the regular health checkups of cattle, causing a hindrance in the growth trajectory of this market in the coming years. Besides, the strict rules imposed by regulatory bodies regarding the usage of antibiotic drugs in livestock as medications is also projected to hamper the market’s growth to some extent, notes the research study.
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In this 54-page research report, the global market for animal health has been studied on the basis of product and service and the geographical segmentation. Based on product and service, the overall market has been classified into diagnostics, medicines and vaccines, medical devices, nutritional supplements, pet supplies, veterinary and other related services. By geography, the report has categorized the worldwide market for animal health into Europe, the U.S., and India.
Due to the untapped potential and unmet medical needs, India is expected to offer promising opportunities to market players in the years to come, states the report.
The competitive landscape of the global market for animal health has also been examined in this research study. It evaluates the profiles of key companies to understand the strategies they have adopted for business expansion. As per the report, Sanofi, Zoetis Inc., Eli Lilly and Co., and Merck and Co. are the leading players in this market.
This research study on the global market for animal health aims at providing a comprehensive market analysis, considering the driving forces, hindrances, opportunities, and challenges. The main objective of this study is to assist stakeholders to gain a clear understanding of the overall market and its growth prospects in a bid to achieve an edge over competitors.
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