HEALTHCARE

Animal Health Market: What is animal health? Animal health industry growth encompasses everything from livestock animals to companion pets and their regular checkups, medications, and feed nutrition. Animal health has become a crucial topic in recent years in light of the increasing demands from the livestock industry as well as the growing demand for companion animals. Here’s a look at the various aspects of the global animal health market. Animal Health Market Overview: Animal health can be broadly classified as livestock animals and companion animals. The companion animals segment has been crucial for the animal health market over the last few years, as the number of people opting for pets of various kinds has grown. With pets come the various responsibilities associated with them, including that of maintaining the animal’s health and administering medications as necessary. This has driven the global Animal Health Market at strong growth rate. Companion animals are see...

Market Analysis: The global animal health market is predicted to touch USD 38,500 million at a 5.7% CAGR over the forecast period ( 2018-2023 ), states the latest Market Research Future (MRFR) report. Animal health, simply put, is a branch of veterinary science that deals with monitoring and treatment of animal disease. It plays a crucial part in the safety and economy of the food supply of the country. Various factors are propelling the animal health market growth. Some of these factors, according to the Market Research Future report, include rising pet insurance, increasing incidences of zoonotic diseases, growing pet population, and rising expenditure on animal health. Additional factors pushing market growth include rising pet ownership, increasing emphasis on food safety, improvement in productivity, rapid technological advancements, rising focus on animal welfare, and rising R&D activities in the veterinary industry. Moreover, the rising popularity of animal partic...