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Global Animal Health Market: Industry Analysis & Outlook
----------------------------------------- (2016-2020)
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Executive SummaryAnimals like humans also suffer from diseases and hence require proper care from veterinarians, farmers and pet owners. Improving the health and well-being of companion animals and livestock and treating them is the foremost objective of animal health industry. The animal health industry includes all products and services, other than livestock feed and pet food that promotes livestock productivity and health and companion animal health. These products and services include medicines and vaccines, diagnostics, medical devices, pet supplies, nutritional supplements, veterinary and other related services.
The key factors driving the growth of animal health market are increasing demand for commercial and companion animals, rising ageing population and accelerating economic growth. Some of the noteworthy trends and developments of this industry are human drugs for animal use, growing demand of pet insurance and preventive therapies. However, the expansion of animal health market is hindered by increasing pressure to reduce the use of antibiotics in livestock and high cost of product development.
The report “Global Animal Health Market” provides an in-depth analysis of the animal health market on a global scale discussing its major segments: companion animals and food producing animals. The global market along with markets of the US, Europe and India are being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Sanofi, Merck, Elli Lilly and Zoetis. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
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Growing demand for both commercial and companion animals to drive the market…
The global animal health market witnessed an increase of …% from US$... billion in 2014 to US$... billion in 2015.
As of 2015, the food production animals accounted for …% share of the overall animal health market, followed by companion animals with share of …%.
As of 2015, America is the largest animal health market, and accounts for …% of the global animal health market, followed by Europe with …%.
Global Animal Health Market by Species (2015)
Global Animal Health Market by Value (2010-2015)
Global Animal Health Market by Region (2015)
2010 2011 2012 2013 2014 2015
US$
Billi
on
Food Animals Companion Animals/Other Americas Europe Others
Demand for protein in emerging markets and new products are the key drivers….
Food producing animal’s health market reached US$... billion in 2015, increasing from US$... billion in 2014, recording an annual growth of …%.
The animal health market for companion animals decreased from US$... billion in 2014 to US$... billion in 2015.
Dogs held the maximum share of …% in 2015, followed by cats with …%. The lowest share is of horses and others category.
Global Companion Animal Health Market by Value (2010-2015)
Global Food Production Animal Health Market by Value (2010-2015)
Global Companion Animal Health Market by Species (2015)
2010 2011 2012 2013 2014 2015
US$
Billi
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2010 2011 2012 2013 2014 2015
US$
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Dogs Cats Horse/other
Expenditure on animal healthcare and increasing household income to drive the market..
The US animal health market was valued at US$... billion in 2015, as compared to US$... billion in 2014, depicting a growth of …%.
The UK animal health market was recorded at US$... million in 2015, as compared to US$... million in 2014, showing an incline of …%.
The Indian animal health market was valued at US$... million in 2015, as compared to US$... million in 2013, depicting a growth of …%.
The UK Animal Health Market by Value (2010-2015)
The US Animal Health Market by Value (2010-2015)
Indian Animal Health Market by Value (2012-2020)
2010 2011 2012 2013 2014 2015
US$
Billi
on
2010 2011 2012 2013 2014 2015
US$
Mill
ion
2012 2013 2015 2017E 2020E
US$
Mill
ion
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