What is Animal Treatment Market?
Animals across the globe need proper care by offering them food, veterinary care, and treatment. Animal treatment is used for helping and keeping the companion, zoo and other animals healthy and comfortable while extending their lives. These treatments can be administered at a daily appointment in response to ta particular issues or during emergency conditions. Animal Treatment of veterinary diseases includes the basic procedures employed in the treatment of various diseases that occur in domestic and wild animals.
The market study is being classified by Type (Pharmaceuticals and Feed Additives), by Application (Laboratory Services, Animal Emergency Care, Pain Management, Animal Specialty Services and Vitamins and Supplements) and major geographies with country level break-up.
Zoetis (United States), Merck (United States), Boehringer Ingelheim (Germany), Elanco (United States), Ceva (France), Phibro Animal Health Corporation (United States), Virbac SA (France), Abaxis (United States), IDEXX Laboratories, Inc. (United States) and Neogen Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Heska Corporation (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Animal Treatment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Animal Treatment market by Type, Application and Region.
On the basis of geography, the market of Animal Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing insurance policies for animal healthcare is levelling up the demand of the global animal treatment market
- High demand for animal treatment from the livestock animal sector such as cattle and poultry is one of the major driving factors of the growth
Market Trend
- Government initiatives to promote healthcare services for animals treatment
- Increasing investments in animal treatment hospitals to ensure quality services
Restraints
- High Animal treatment cost
Opportunities
- Increase in animal healthcare expenditure
- Rising prevalence of foodborne and zoonotic diseases among the animals
- Increasing demand for protein in animal food
Challenges
- Lack of awareness in developing and under-developed regions
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Animal Treatment Providers, Government Regulatory and Research Organizations and End-Use Industry