The veterinary healthcare market will reach USD 39 trillion by the end of 2028 growing at a CAGR of 5.4%

BANGALORE, India, July 15, 2022 /PRNewswire/ — Veterinary health market is segmented by Type (Medicines, Vaccines, Others), by Application (Companion Animals, Farm Animals): Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Appreciate the reports under the Animal products and services Category.

The size of the global veterinary care market was $28,500 million in 2021 and is expected to reach $39,000 million by the end of 2028 growing at a CAGR of 5.4% over the period 2022-2028.

MKey factors driving the growth of the Veterinary Healthcare Market

The increasing prevalence of various zoonotic, food-borne and chronic diseases, the growing trend towards humanization of pets, the growing concerns of pet owners towards animal health and the increasing consumption of farmed products will drive the growing veterinary healthcare market.

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TRENDS INFLUENCING THE GROWTH OF THE VETERINARY HEALTH CARE MARKET

It is estimated that globally, billions of illnesses and millions of deaths occur each year due to zoonotic diseases. About 60% of emerging infectious diseases reported worldwide are zoonoses. The growing volume of international trade, movement of livestock and large numbers of people living near the animals have compounded the problem. Veterinary vaccines play a major role in the protection of animal health and public health. They dramatically decrease the need to use antibiotics to treat food and pets. Animal health is improved by controlling foodborne parasites. This will drive the growth of the veterinary healthcare market over the forecast period.

The veterinary health market will be positively impacted by the growing adoption of pets as companions. Owners better understand the health needs of pets. Government authorities are focusing on implementing stricter rules and guidelines regarding adoption, setting up emergency health care systems and carrying out mass vaccination, birth control and vaccination. This led to high levels of vaccination, better nutrition and a shift to raising more animals indoors.

Demand for animal products is at an all-time high due to rising meat consumption. Antibiotics are widely used in livestock management to meet the food demands of the burgeoning human population. Widespread use creates drug-resistant strains of zoonotic pathogens capable of spreading rapidly in human and animal populations. This fuels the need for health care given the risk of foodborne illnesses. These factors will drive the growth of the veterinary healthcare market in the coming years.

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ANALYSIS OF VETERINARY HEALTH MARKET SHARE

On the basis of type, the vaccines segment is expected to dominate the veterinary healthcare market share owing to growing initiatives by various governments and growing demand for veterinary vaccines.

Based on the region, North America will experience tremendous growth due to the increasing adoption of companion animals and the presence of a well-established veterinary care infrastructure.

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Key players

  • Boehringer Ingelheim
  • Zoetis
  • Elanco Animal Health
  • Bayer Animal Health
  • Merck Animal Health
  • Virbac
  • Dechra Veterinary Products
  • This will
  • Vetoquinol
  • Meji
  • Ouro Fino Sauce
  • Pet group
  • Parent.

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SIMILAR REPORTS:

– The Global Veterinary imaging market the size is estimated at the value $1,793.8 million in 2022 and should have a readjusted size of $2,390.1 million by 2028 with a CAGR of 4.9% during the reporting period.

– The Global Veterinary Vaccines Market the size is estimated at the value $8853.6 million in 2022 and should have a readjusted size of $12630 million by 2028 with a CAGR of 6.1% during the reporting period.

– The Global Probiotics in the animal feed market the size is estimated at the value $4185.7 million in 2022 and is expected to reach a readjusted size of $5,357.7 million by 2028 with a CAGR of 4.2% during the reporting period.

– The Global Veterinary endoscopy market the size should reach $180.5 million by 2028, $139.7 million in 2021, at a CAGR of 3.7% over the period 2022-2028.

– The Global Veterinary Rapid Tests Market the size should reach $966.9 million by 2027, $546.6 million in 2020, at a CAGR of 8.5% over the period 2021-2027.

– The Global veterinary software market The size was valued at D1.31 billion in 2019 and is expected to reach D2.08 billion by 2027, growing at a compound annual growth rate (CAGR) of 6.1% from 2020 to 2027.

– The Global pet food market size was estimated at $87,268.2 million in 2020 and is expected to reach $133,430.9 million by 2030, registering a CAGR of 4.6% from 2021 to 2030.

– The Global Dairy Herd Management Market the size should reach $3243.5 million by 2028, $2423.4 million in 2021, at a CAGR of 3.8% over the period 2022-2028.

– The Global RFID tags for the livestock management market the size is estimated at the value $1954.9 million in 2022 and is expected to reach a readjusted size of $3081.6 million by 2028 with a CAGR of 7.9% over the review period.

– The Global Livestock Monitoring Market the size is estimated at the value $562.1 million in 2022 and is expected to reach a readjusted size of $1006.7 million by 2028 with a CAGR of 10.2% over the reporting period.

Global Point-of-Care (POC) Veterinary Diagnostics Market Overview and Forecast to 2028

Global Veterinary Immunoassay Analyzers Market Overview and Forecast to 2028

Global Veterinary Management Software Market Overview, Forecast to 2028

Global Veterinary Catheters Market Overview and Forecast to 2028

Global Veterinary Stretchers Market Overview, Forecast to 2028

Global Companion Animal Veterinary Healthcare Market Overview and Forecast to 2028

Global Farm Animal Veterinary Healthcare Market Overview and Forecast to 2028

Global Livestock Management Software Market Overview, Forecast to 2028

Global Human Grade Pet Food Market Overview and Forecast to 2028

Global Online Pet Food and Supplies Market Size, Status and Forecast 2021 – 2027

Global Pet Food Processing Market Size, Status and Forecast 2021-2027

– The Global Influenza Vaccine Market the size is estimated at the value $8036 million in 2022 and is expected to reach a readjusted size of $10952 million by 2028 with a CAGR of 5.3% during the reporting period.

– In 2020, the world Vaccine market the size was 42560 million USD and it is expected to reach USD 62,780 million by the end of 2027 growing at a CAGR of 5.6% over the period 2021-2027.

– The Global Tuberculosis Vaccine Treatment Market was rated at $72 million in 2020 and is expected to reach $87 million by the end of 2027, growing at a CAGR of 2.9% over the period 2021-2027.

– The Global health analytics market The size was valued at D23.51 billion in 2020 and is expected to reach D96.90 billion by 2030, growing at a CAGR of 15.3% from 2021 to 2030.

– The Global health information technology (IT) market The size was valued at 250,577.15 million dinars in 2020 and is expected to reach 880,688.75 million dinars by 2030, registering a CAGR of 13.3% from 2021 to 2030.

– The Global Healthcare Interoperability Solutions Market should reach $3440.1 million by 2028, $1925.7 million in 2021, at a CAGR of 8.2% over the period 2022-2028.

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