The article cited AMA's Global Animal Health Market Study explored substantial growth with CAGR of 4.8%. According the report, Rising Companion Animal Ownership
is one of the primary growth factors for the market. Rising Cases of Zoonotics
is also expected to contribute significantly to the Animal Health market. Overall, Production Animals (Poultry, Swine, Cattle, Sheep & Goats and Fish)
applications of Animal Health, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Bayer Animal Health [Germany], Ceva Animal Healthcare [United Kingdom], Elanco Animal Health [United States], Merck Ltd. [ India], Merial (Animal Health division of Sanofi) [France], Zoetis Animal Healthcare [United States], Pfizer [United States], Vétoquinol SA [France], Sanofi-Aventis [France], Bayer HealthCare [Germany], Virbac [France], Novartis [Switzerland], Boehringer Ingelheim [Germany] and Heska Corporation [United States] may see astonishing sales in this Market and certainly improve revenue growth.
The End-use, such as Reference Laboratories, is boosting the Animal Health market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Animal Health market identified that the demand is rising in many different parts of the world as "Technically Advanced Animal Drugs Development
". Furthermore, some recent industry insights like "Animal health and well-being is moving towards digitization. Biosensors, GPS systems and computer vision technologies are being adopted. An Israeli company, Cattle Watch offering a full array of integrated GPS paraphernalia for livestock. The system not only monitors health conditions and predator activity, it can also create invisible fences. Though, this technology is in infancy stage but digital disruption in animal health is on the card." is constantly making the industry dynamic. One of the challenges that industry facing is "Stringent Regulations on Antibiotics and Lack of Resources in Emerging Nation for New Product Development"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Animal Health market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Animal Health market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Animal Health market tight? Which application/end-user category or Product Type [Vaccines (Live Attenuated Vaccine, DNA Vaccines, Recombinant Vaccines and Inactivated Vaccines ), Feed Additives (Nutritional and Medicinal) and Pharmaceuticals (Parasiticides, Anti-infectives, Anti-inflammatory, Analgesics and others)] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Animal Health market and other related sub-markets covered in the study.
o Key & emerging players in the Animal Health market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Animal Health market size is calculated using market estimation process, the Animal Health market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Animal Health market size has been validated using both top-down and bottom-up approaches.