Animal Health Market Latest Industry Trends, Size, Share, Statistics, Applications and Competition Strategies by 2028

The global animal health market size stood at USD 41.50 billion in 2018 and is projected to reach USD 67.56 billion by 2026, exhibiting a CAGR of 6.3% during the forecast period.

Animal healthcare involves taking care of animals with appropriate use of drugs, vaccines, medicated animal feeds, and diagnostic products to treat the medical conditions related to the them. Animals hold great importance in human life. They provide food, protection as well as companionship to humans. Moreover, animals serve as models in biological research, such as genetics and drug testing. The growing awareness about animal diseases, increasingly stringent regulations and growing focus on prevention from diseases originated from animal epidemics are expected to increase demand for animal healthcare products. Owing to these factors the veterinary healthcare market is significantly growing across all the regions. The market is mainly driven by a substantial rise in pet adoption, an increase in the incidence of zoonotic diseases, food-borne diseases, and growing demand for protein-rich food globally. Moreover, technological expansions in the market and the advent of information systems are boosting the animal health market growth.

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Some of the leading companies operating in the Animal Health Market include:

  • Intervet International B.V.
  • Merck Co., Inc.
  • Novartis AG
  • Emergent BioSolutions, Inc.
  • CSL Limited
  • IDEXX Laboratories, Inc.
  • Bayer AG
  • Boehringer Ingelheim International GmbH
  • Other Prominent Players

The Global Immunomodulators Market 2021 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Immunomodulators Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

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