The report provides an overview of the “Veterinary Healthcare Market” industry including definitions, division, key vendors, key Development and market challenges. The Veterinary Healthcare Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Veterinary Healthcare Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The veterinary healthcare market deals with the availability of treatment for animals and innovations in the range of treatment for their long life and longevity. Recent years have observed major mergers and acquisitions between veterinary-related divisions of major companies, along with the increasing demand for food and feed and the production of animals bred for meat and milk products. A large population investing in pet insurance, across the developed markets, is driving growth in the market being studied.
At present, the veterinary healthcare market is receiving a major improvement from initiatives led by governments and animal welfare associations of several countries, globally. For instance, in the United Kingdom, the Cattle Health and Welfare Group (CHAWG) addresses relevant cattle health and welfare issues. In the United States, there are associations, such as Winter Haven, where the veterinary healthcare associates support the human-animal bond and provide high-quality services for any situation. Similarly, the 2020 Healthy Pets Healthy Families Initiative (HPHF) was launched by the Veterinary Public Health Program (VPH) at the Los Angeles County Department of Public Health to improve both animal and human health. In the emerging market of India, the government, in collaboration with MSD Animal Health, has started an initiative to control foot-and-mouth disease (FMD) for monitoring the health of livestock animals. Moreover, in 2017, Tata Trusts, in partnership with People for Animals, initiated the development of multi-specialty veterinary hospitals and emergency clinics to serve the needs of all domestic and farm animals. Thus, the major awareness programs and support from several organizations for veterinary healthcare are driving the market toward growth.
Scope of the Report
The market studied is segmented by product, animal type, and geography. By product type, the market studied is segmented into therapeutics and diagnostics, both of which are further sub-segmented. The therapeutics segment includes vaccines, parasiticides, anti-infectives, medical feed additives, and other pharmaceuticals. The diagnostics segment is further segmented into immunodiagnostic tests, molecular diagnostics, diagnostic imaging, clinical chemistry, and other diagnostics. By animal type, the market studied is segmented into dogs and cats, horses, ruminants, swine, poultry, and other animals.
The Veterinary Healthcare Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Veterinary Healthcare Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
The Significant Growth in the Demand for Vaccines may Boost the Growth of the Veterinary Healthcare Market Over the Forecast Period
In the developed markets, companion animals play an inevitable role in families, where they are essentially considered as family members than pets. In emerging markets, livestock animals are given high importance. Across different geographies, the importance of vaccine has risen significantly. The trend of a large number of families opting for pet insurance was observed across major consumer spending stores, globally. Apart from livestock, sheltered/housed animals represent a significant share of the animal population, who are at the great risk of exposure to vaccine-preventable infectious diseases. Vaccines for pets provide immunity against diseases, providing a protective barrier for humans from contacting diseases from their animals who are more likely to come into contact with wildlife. In several cases of food-producing animals, the industry and governments work closely to develop vaccines against the major outbreak of diseases in animals, such as foot-and-mouth disease. Some of the major challenges to the market include the unavailability of vaccines against several livestock vector-borne pathogens and strict regulatory approval processes for gaining market authorization. Funding for vaccine banks has become important over time. Over the forecast period, the necessity of vaccines and their development are expected to boost the growth of the veterinary healthcare market.
North America is Expected to Hold the Largest Share in the Market, Over the Forecast Period
Veterinary healthcare is an integral part of the US economy. It is among the most innovative industries in the United States, where it represents 2% of the total US pharmaceutical market. Mexico and Canada are among the largest export markets for meat and dairy products for the United States, each year. Apart from the economic benefits, the social benefits of the animals are far-reaching and highly recognized by several communities. As per the American Pet Products Association, the overall spending in the US pet market increased by 4.1% between 2016 and 2017, from USD 66.75 billion to USD 69.51 billion. Thus, with several factors aiding to develop a better environment, the North American region plays a vital role in the growth of veterinary healthcare.
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Detailed Table of Content of Global Veterinary Healthcare Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Veterinary Healthcare Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Veterinary Healthcare Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Veterinary Healthcare Market Segmentation, By Capacity
7. Global Veterinary Healthcare Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Veterinary Healthcare Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Veterinary Healthcare Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 114
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