In a recent published report, Kenneth Research has updated the market report for Animal Health Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Animal Health Market products.
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Kenneth Research has recently added a report titled Animal Health Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Azoth Analytics research report, “Global Animal Health Market: Analysis By Type (Farm, Companion), By Products (Biologicals, Pharmaceuticals, Feed Additives), By Route of drug administration (Oral, Parenteral, Topical, Transdermal), By Distribution Channel (Retail, E-commerce, Veterinary Hospital, Clinic), By Region, By Country: Opportunities and Forecast (2013-2023)”, the global animal health market is projected to display a high growth represented by a CAGR of 5.63% during 2018 – 2023.
Over the recent years, global animal health market has been witnessing growth, on account of several driving factors including increase in protein demand, increase in pet ownership rates, rising incidences of zoonotic disease and changing lifestyle of the people favouring individualism. Moreover heightening focus on food safety, increasing focus on animal welfare, growing scope in emerging markets and consolidation of the market is expected to propel the demand for animal health. In this research report, the market is segmented on the basis of type, product, route of drug administration as well as distribution channel.
By type, farm animal is predicted to hold its dominant position in the market, but companion animals are growing at a faster rate. Amongst the regions, North America accounts for the largest regional share in the global animal health market in 2018. However, Asia Pacific is predicted to advance at the highest rate. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to growing per capita expenditure on pets is likely to drive the regional market.
The report titled “Global Animal Health Market: Analysis By Type (Farm, Companion), By Products (Biologicals, Pharmaceuticals, Feed Additives), By Route of drug administration (Oral, Parenteral, Topical, Transdermal), By Distribution Channel (Retail, E-commerce, Veterinary Hospital, Clinic), By Region, By Country: Opportunities and Forecast (2013-2023)” has covered and analyzed the potential of global animal health market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global animal health market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Animal Health Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Animal Health Market – Size, Growth, Forecast
• By Type- Farm Animal, Companion Animal
• By Product – Biologicals, Pharmaceuticals, Feed additives
• By Route of Drug Administration- Oral, Parenteral, Topical and Transdermal
• By Distribution Channel – Retail, E-commerce, Veterinary Hospital and Clinic
Regional Market – North America, Europe, Asia-Pacific, Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Animal Health Market – Size, Growth, Forecast
• By Type- Farm Animal, Companion Animal
• By Product – Biologicals, Pharmaceuticals, Feed additives
• By Route of Drug Administration- Oral, Parenteral, Topical and Transdermal
• By Distribution Channel – Retail, E-commerce, Veterinary Hospital and Clinic
Country Analysis – U.S., Canada, Germany, U.K, Italy, India, China, Mexico (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Animal Health Market – Size, Growth, Forecast
• By Type- Farm Animal, Companion Animal
• By Product – Biologicals, Pharmaceuticals, Feed additives
• By Route of Drug Administration- Oral, Parenteral, Topical and Transdermal
• By Distribution Channel – Retail, E-commerce, Veterinary Hospital and Clinic
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Competitive Analysis
• SWOT Analysis
• Porter Five Force Analysis
• Supply Chain Analysis
• Policy and Regulatory Landscape
• Company Analysis – Alivira Animal Health Limited, Boehringer Ingelheim, Zoetis, Elanco, Merck Animal Health, Chr. Hansen, Phibro Animal Health Corporation, ECO Animal Health, Bayer Animal Health, Dechra Pharmaceuticals.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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