Global Veterinary Healthcare Market Trends And Strategies Of Major Players In The Veterinary Healthcare Market 2021-2030
9 Apr, 2021
The veterinary healthcare market consists sales of veterinary healthcare goods and services by entities (organizations, sole traders and partnerships) associated with diagnosis, treatment and prevention of diseases in animals. This industry includes establishments that provide veterinary services, veterinary medical equipment producers and animal medicine producers.
Global Veterinary Healthcare Market Size And Drivers:
The global veterinary healthcare market is expected to grow from $127.69 billion in 2020 to $147.18 billion in 2021 at a compound annual growth rate (CAGR) of 15.3%. The market is expected to reach $182.68 billion in 2025 at a CAGR of 6%. The rising production of meat products supported by growing population will increase the demand for feed additives in the livestock industry, driving the veterinary healthcare market.
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Trends In The Global Veterinary Healthcare Market
Nanotechnology is increasingly gaining traction in the animal medicine market as a substitute of veterinary antibiotics to tackle antibiotic resistance. Nanotechnology is the study of the controlling matter on an atomic and molecular scale. Nanotechnology in the animal medicine industry is used to improve diagnosis, treatment, animal growth promotion, and production. Nanoparticles are mainly used as alternative antimicrobial agents to reduce the use of antibiotics and improve the detection of pathogenic bacteria. They are also used as drug delivery agents for new drugs and vaccines candidates to improve their characteristics and performance, and to reduce drug resistance in animal organisms.
Global Veterinary Healthcare Market Segments:
The global veterinary healthcare market is further segmented based on type, distribution channel, nature and geography.
By Type: Veterinary Services, Veterinary Medical Equipment, Animal Medicine.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Nature: Organic, Conventional.
By Geography: The global veterinary healthcare market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global veterinary healthcare market, accounting for 53% of the total market.
Read More On The Report For The Global Veterinary Healthcare Market At:https://www.thebusinessresearchcompany.com/report/veterinary-healthcare-global-market-report
Veterinary Healthcare Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides veterinary healthcare market overviews, analyzes and forecasts market size and growth for the global veterinary healthcare market, veterinary healthcare market share, veterinary healthcare market players, veterinary healthcare market segments and geographies, veterinary healthcare market’s leading competitors’ revenues, profiles and market shares. The veterinary healthcare market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.