Global Animal Health Market Report 2019-2025, Trends, Top Key Players and more

OG Analysis, a global market research firm, has announced the release of their “Global Animal Health Market Size, Outlook and Growth Opportunities to 2025: By Type (Food Animal and Companion Animal), By Product Type (Pharmaceuticals, Biologics, Feed Additives and Others), By End User Industry (Veterinary Clinics, Point of Care Labs and Others) and By Region” Report proposes complete outlook of the market including comprehensive market analysis, Market Share, Market Size, Market Drivers, Challenges and Opportunities.

Global Animal Health Market growth is set to record a market value of $45.22 billion during 2019. Pharmaceutical product type hold 55% market share in the Global Animal Health Industry. The animal-derived protein demand is on surge with 70% increase from date till 2050. In the U.S., about 60% of animal health sales are companion animal products and about 40% are food-producing animal products.

The animal health market value is expected to increase over the forecast period with adoption of advanced med-technology approaches for animal treatment & diagnosis. Accordingly, the market players are developing innovative technological approaches. For instance, in July 2019, Bayer AG introduced a new online tool, SRD Smart Compare that eases veterinarians to aid in their selection of an antibiotic treatment for swine respiratory disease.

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Besides, emerging government initiatives and measures to enhance animal health products is supposed to boost the market growth for animal health. Robust focus on innovation in animal health has given rise to certain measures that are driving the animal health market growth prospects. For instance, the Innovative Medicines Initiative (IMI) is a public-private partnership, which supports collaborative research to fuel the innovation of veterinary pharmaceuticals in Europe.

The 2019 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global animal health market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of animal health market, detailed porter’s five forces analysis and competitive insights are included in the research report.

The report presents the detailed annual outlook of each type of the animal health market to 2025. Food animal and companion animal are two types included in the animal health market report. Of these types, companion animal occupies major share in the global industry.

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The report provides detailed animal health market forecasts by various product types including pharmaceuticals, biologics, feed additives and others. Among all product types, pharmaceuticals segment is forecasted to dominate the industry growth.

Amidst increasing emphasis on new applications and stagnant growth of conventional large applications, the report presents in-depth insights into each of the leading animal health end user verticals along with annual forecasts to 2025. Various end user industries that are studied in the report include veterinary clinics, point of care labs and others. Veterinary clinics end user industry is the fastest growing segment among all end user industries.

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The current animal health market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, North America is the major revenue contributor to the global market.

Latest news and industry developments in terms of animal health capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.

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