(Health-NewsWire.Net, February 13, 2018 ) The European Veterinary Healthcare Market was worth $8.37 billion in 2016 and estimated to be growing at a CAGR of 6.4%, to reach $11.41 billion by 2021.
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Veterinary healthcare market covers both wild and pet animals and the market associated with diagnosis, treatment and prevention of their ailments. Increasing awareness of livestock health and pet animals’ numbers are the key factors influencing this market.
Very few requirements for animal health drugs approval combined with the growth in companion animal numbers are the major factors driving the market for Veterinary healthcare. Also awareness in rising incidences of zoonotic diseases is also a driving force for the market. However, increasing regulation on antibiotics is expected to remain a major restraint for the market. Apart from that increasing costs regulation related to animal testing is also a major hurdle for the growth of animal healthcare market.
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The European Veterinary Healthcare market is segmented by animal type and by product. On the basis of animal type market is segmented into farm animals and companion animals. Further, Farm animals are sub segmented into cattle, swine, fish, sheep and poultry whereas companion animals are sub segmented as dogs and cats. Based on product the marketed is segmented into Vaccines, feed additives and pharmaceuticals, where Feed additives are further sub-segmented into Nutritional feed additives and Medicinal feed additives.
Based on Geography, European Veterinary Healthcare market is analyzed under various regions namely United Kingdom, France, Italy, Spain and Germany. Europe has the dominating share in the global wide market and tend to remain so in the forecast period.
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Some of the major companies covered in the report are Merck & Co., Inc., Bayer AG, Boehringer Ingelheim GmbH, Cargill, Inc., Ceva Santé Animale, Novasep, Eli Lilly and Company, Koninklijke DSM N.V, Novartis AG, Nutreco N.V., Sanofi S.A., SeQuent Scientific Ltd., Virbac S.A., Vétoquinol S.A. and Zoetis Inc.
Veterinary Healthcare Market Segmentation:
Medical Feed Additives
Nutritional Feed Additives
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Y-o-Y Growth Analysis, By Animal Type
Market Attractiveness Analysis, By Animal Type
Market Share Analysis, By Animal Type
The scope of the report:
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• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
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• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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