Global animal health market research report provides an extensive research on the fast-evolving Animal Health Market. It also gives competitive landscape of the leading companies with regional and global analysis of the market till 2022. —
Animals, like humans, also suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Improving the health of companion animals and livestock and treating them is the foremost objective of animal health industry. The animal health industry can be broadly classified into two parts - production and companion segments. Every animal has distinct need of its own and thus, requires different treatments in accordance to its breed. Further, on the basis of products, animal health market is divided into three main sections; pharmaceuticals, vaccines, and medicinal feed additives.
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The report profiles the key players of the market including –
• Bayer AG
• Merck & Co., Inc.
• Eli Lilly and Company
• Zoetis Inc
The report discusses the major growth drivers and challenges of the market, covering North America, Europe, Asia-Pacific regions along with the global market.
The key factors driving the growth of animal health market include rising disposable income, urbanization, rising demand for animal protein, faster regulatory approvals, increasing pet expenditure in the U.S., and favorable demographic supporting pet market. Some of the noteworthy trends and developments of this industry include consolidation of the market, increasing companion ownership, and rising incidences of zoonotic diseases. However, the expansion of animal health market is hindered by highly competitive landscape for new entrants and high cost of product development.
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Global animal health diagnostics market research report provides an extensive research on the fast-evolving Animal Health Diagnostics Market. It also gives competitive landscape of the leading companies with regional and global analysis of the market till 2025.
Animals, like humans, suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Sixty percent of all human diseases are found to have origin in animals (zoonotic diseases), and therefore, effective prevention and control of infectious diseases is necessary to combat the spread of diseases in animals and humans. Animal health diagnosis, also referred as veterinary diagnosis, is used to detect presence of any disease or other medical issue in animals.
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The report profiles the key players of the market including:
• IDEXX Corporation
• Zoetis Corporation
• Heska Corporation
In terms of industry segments, animal health diagnostics market is divided into –
• Point-Of-Care Veterinary Diagnostic Market
• Veterinary Laboratory Services Market
Though, the animal health diagnostic market is filled with a vast number of diagnostic test but these are broadly categorized into definite number of segments.
There are mainly five types of diagnostic tests used on animals that include –
• Clinical Chemistry Immunodiagnostics
• Molecular Diagnostics
• Diagnostic Imaging
• Hematology Analyzer
The U.S. is a major contributor to the global animal health diagnostic market supported by increased pet adoption among millennial, higher concentration of key players, increasing pet healthcare expenditure and number of homes with pet.
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Clinical chemistry testing has been the most significant segment in the growth of global animal health diagnostic market due to technological improvements in testing methods and its wide applications in small veterinary clinics and hospitals.
Table of Content:
2. Global Animal Health Market
3. Regional Market Analysis
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Prolonged Orphan Drug Market Exclusivity
4.1.2 Increasing Sales of Prescription Drugs
4.1.3 Attractive Orphan Drug Policies
4.1.4 Rising Healthcare Expenditure
4.1.5 Improving Economic Condition
4.1.6 Increasing Prevalence of Chronic Diseases
4.2 Key Trends & Development
4.2.1 Rise in Orphan Drug Approvals
4.2.2 Accelerating Pipeline Sales of Animal Health
4.2.3 Development of Drug Therapies
4.2.4 Increasing Scope of Gene Therapy
4.3.1 High Costs
4.3.2 Lack of Diagnostic Systems and Trained Professionals
4.3.3 Insufficient Disease Information and Research Participants
4.3.4 Rising Competition from Generic Industry
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap Comparison
5.1.2 Global Animal Health Market Share by Company
5.1.3 Global Oncology Animal Health Market Share by Company
6. Company Profiles
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