The animal healthcare industry is expected to register a CAGR of 4.5% from 2023 to 2032, owing to increasing government and public sector support for animal care.
Selbyville, Delaware, January 11, 2023 (GLOBE NEWSWIRE) —
animal health care market price It is expected to reach US$238 billion by 2032, according to a new research report from Global Market Insights Inc.
Governments around the world have put in place various rules and regulations to promote animal welfare. Animal rights groups are also taking some steps to curb animal cruelty. For example, international organizations such as People for the Ethical Treatment of Animals (PETA) promote animal adoption, and the Animal Welfare Board of India (AWBI) issues various grants. These initiatives enable the maintenance of protected and rescued animals through the construction of shelter houses, sterilization and vaccination.
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Rising Demand for Animal Surgery Drives Use of Innovative Medical Devices
The market value of animal healthcare through medical devices is projected to exceed US$63.5 billion by 2032. The average number of animal surgeries is increasing each year, increasing the demand for proper veterinary care. There have also been significant advances in alternatives to monitoring and treatment, including ventilatory support, IV fluid therapy, thermoregulation, and pain management. Therefore, technological advances in veterinary medical devices may drive product consumption.
Explore 306 pages of key industry insights using the report’s 623 market data tables and 16 charts and graphs.Animal Health Care Market Size by Product (Pharmaceuticals {Pharmaceuticals [Antiparasitic, Anti-inflammatory, Anti-infectives]vaccination [Modified Live Vaccines, Killed Inactivated Vaccines]medicinal feed additives [Antibiotics, Vitamins, Amino acids, Enzymes, Antioxidants, Prebiotics and Probiotics, Minerals]}, medical equipment {veterinary diagnostic equipment, veterinary anesthesia equipment, veterinary veterinary monitoring equipment, veterinary surgical instruments, veterinary consumables}, veterinary services), by animal type (livestock {poultry, pigs, cattle, Fish}, Companion Animals {Dogs, Cats, Horses} By Distribution Channels (Pharmacies, E-Commerce, Distributors), Industry Analysis Report, Growth Potential, Competitive Market Share and Forecast, 2023 – 2032” I will explain in detail along with the table of contents.
https://www.gminsights.com/industry-analysis/animal-healthcare-market
The need to facilitate access to advanced animal care products to facilitate the establishment of pharmacies
Growing awareness of livestock and companion animal health and increasing veterinary surgeries due to easy access to advanced products in healthcare facilities are poised to increase the need for pharmacies. Also, the growing presence of sophisticated and technologically advanced equipment in veterinary pharmacies is projected to expand the network during the forecast period.
Growing Meat Consumption Boosts Asia-Pacific Animal Health Care Industry Scale
Asia-Pacific animal healthcare market revenue is estimated to register a CAGR of more than 5.5% from 2023 to 2032. It has the potential to accelerate the progress of the regional market.
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Innovative product launch initiatives to strengthen market forecasts
Ceva Sante, Elanco Animal Health, HIPRA, Symrise, Dechra Pharmaceuticals, Vetoquinol, Virbac SA, Zoetis, Medtronic, Endovac Animal Health, Sklar Surgical Instruments, IDEXX Laboratories, B. Braun Vet Care, and Neogen Corporation have the reputation to operate are some of the higher players. in the animal health care market.
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