Global Veterinary Healthcare Market 2021-2028 Trends, Share, Size, Growth, Opportunity and Forecasts By Stratistics MRC

HYDERABAD, TELANGANA, INDIA, March 26, 2022 /EINPresswire.com/ — Veterinary Healthcare Market Forecasts to 2028 – Global Analysis By Animal Type (Companion Animals, Livestock Animals), Disease (Arthritis, Allergies, Dermatology Cases, Gastrointestinal Diseases) and By Geography

The Global Veterinary Healthcare Market is accounted for $33.96 billion in 2021 and is expected to reach $65.76 billion by 2028 growing at a CAGR of 9.9% during the forecast period. Veterinary healthcare can be defined as the science associated with the diagnosis, treatment, and prevention of diseases in animals. The scope of veterinary healthcare is broad covering various animal species both domestic and wild. The livestock animals segment is expected to be the largest during the forecast period, due to higher medicalization rates. The current laws have been framed to scrutinize the situation in farms and ensure maximum animal protection. North America is projected to hold the largest market share owing to the increasing chronic diseases among animals, introduction of pet insurance policies, and increasing expenditure on veterinary healthcare in the US. Asia Pacific is projected to have the highest CAGR due to the rise in the support from the government organizations through funds and focus on developing new drugs or vaccines in favor of the end-user.

Some of the key players profiled in the Veterinary Healthcare Market include Novartis, International AG, Eli Lilly and Company, Bayer Healthcare, Koninklijke DSM N.V, Sanofi-Aventis, MSD Animal Health, Cargill Inc, SeQuent Scientific Ltd, Boehringer Ingelheim, International GmbH, Nutreco N.V., Phibro Animal Health, Elanco Animal Health, Ceva Animal Health Inc, Merck Ltd, and Zoetis Animal Healthcare.

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