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Animal Healthcare Market Regional Analysis With Size, Growth and Demand Forecast to 2022

The global animal healthcare market is expected to grow from $29,537.4 million, at a CAGR of 7.0% during 2017-2022.
Among the various products, the pharmaceuticals segment including, ectoparasiticides, endoparasiticides, anti-inflammatories and others accounted for largest share in the global animal healthcare market.
Animal Healthcare Market
The increasing population of production animals and companion animals is supporting the growth of the animal healthcare market. The production animals are nurtured by the consumers for milk and meat related products; whereas, companion animals are adopted for office or house guards and companionship.
The increasing transfer of diseases from animals to humans, through companionship and consumption of products sourced from them, are driving the demand of the global animal healthcare market.
The growing population, increasing per-capita income level, and changing lifestyle of the consumers are some of the factors leading to increased meat consumption globally. Due to the growing health concern of animals and their increasing number, the healthcare expenses in farms are surging globally. Animal farms are increasing globally, due to growing demand for protein rich foods, such as milk, eggs, and meat.
PEDV resulted in about 3 million pig deaths in the U.S. from May 2013, to January 2014. State animal health officials, the United States Department of Agriculture (USDA), the National Pork Board and the American Association of Swine Veterinarians are actively involved in introducing preventive measures to stop percolation of this disease, which is expected to drive the animal healthcare market in the country.
With the growing demand for pork, the demand for vaccines and therapies to deal with porcine epidemic diarrhea virus is expected to be high, thus providing growth opportunities for the animal healthcare market.
Some of the major companies operating in the global animal healthcare market include Zoetis, Merck, Merial, Bayer, Virbac, Ceva Sante Animal S.A., Boehringer Ingelheim GmbH, Elanco, and Vetoquinol.

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