NEW YORK, April 3, 2017 /PRNewswire/ -- The global animal health market is expected to reach USD 58.4 billion by 2025, according to a new study by Grand View Research, Inc. The market is driven by technological advancements in veterinary care, which are anticipated to serve future growth opportunities to the market. For instance, MediLabSecure, a laboratory network project, was initiated with an aim of identifying emerging viruses and pathogens in 19 countries in the Mediterranean regions. In addition, emergence of veterinary health information systems, specifically in the developed economies, is expected to provide high growth potential in future. Read the full report: http://www.reportlinker.com/p04785452/Animal-Health-Market-Size-Forecast-By-Product-Feed-Additives-Pharmaceuticals-Vaccines-By-Animal-Type-Production-Animal-Companion-Animal-By-Region-North-America-Europe-Asia-Pacific-Latin-America-MEA-And-Trend-Analysis.htmlWith the help of these systems, data generated in veterinary clinics can be uploaded on the internet, which can be further shared with other researchers and clinicians. The incorporation of this technology will facilitate real-time analysis of fluctuations in disease prevalence. As a consequence of the aforementioned factors, it is presumed that there will be significant improvement in the overall penetration rate of animal health products, which is also anticipated to fuel the market demand as well as the revenue to unprecedented heights. Further key findings from the study suggest:
Vaccines are expected to exhibit lucrative growth rate during the forecast period. The exponential growth can be attributed to significant increase in the companion animal population, which demands long-term health Companion animal segment is anticipated to grow at an exponential rate owing to is a consequence of associated health benefits for humans, which includes lower blood pressure, greater psychological stability, and reduced anxiety attacks In 2015, North America accounted for the largest share in the global animal health market owing to local presence of established pharmaceutical companies, consistently striving for extensive commercialization of their products Asia Pacific is anticipated to grow at an exponential CAGR as a consequence of high clinical urgency to curb high incidence of zoonotic diseases and management of disease outbreaks, such as swine influenza and Ebola Read the full report: http://www.reportlinker.com/p04785452/Animal-Health-Market-Size-Forecast-By-Product-Feed-Additives-Pharmaceuticals-Vaccines-By-Animal-Type-Production-Animal-Companion-Animal-By-Region-North-America-Europe-Asia-Pacific-Latin-America-MEA-And-Trend-Analysis.htmlAbout Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.http://www.reportlinker.com__________________________Contact Clare: [email protected]US: (339)-368-6001Intl: +1 339-368-6001
Advertisement
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/animal-health-market-size--forecast-by-product-feed-additives-pharmaceuticals-vaccines-by-animal-type-production-animal-companion-animal-by-region-north-america-europe-asia-pacific-latin-america-mea-and-trend-anal-300433622.html
SOURCE Reportlinker
