india-veterinary-healthcare-market-industry
Published

August 2016

India Veterinary Healthcare Market - Trends and Forecast (2015 - 2020)

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The veterinary healthcare market in India is expected to be valued at USD XX billion in 2021, growing at a CAGR of XX% from USD XX billion on 2016.

The veterinary healthcare market by diagnostics may be defined as the diagnostics tests that are carried out for the detection of various diseases in animals. These processes are executed through various methods that use blood, feces, and tissue sample from animals.

India’s Veterinary Healthcare Market- Market Dynamics

Veterinary healthcare is gaining importance as a result of manufacturers focusing on the production of products with specialized formulations and manufacturing processes. These are essentially beneficial for animal lovers and companion animal owners.

Drivers

Some of the several factors driving the market are:

  • Increase in the ownership of pet animals
  • Increased awareness about animal health
  • Technological advancements in developing animal healthcare diagnostics
  • Population boom
  • Stable economy, which is expected to result in increase in the demand for protein-rich foods

Restraints

Some of the factors limiting the growth of the market are:

  • Increasing spread of various infections in humans from animals through consumption of animal products
  • Rise in competition for cultivated land
  • Scarcity of arable land

Opportunities and Challenges

The increase in exports of animal products from India to other countries and the fewer requirements of animal drug approval in the subcontinent are the major opportunities for the market to grow. However, declining veterinarian population and the lack of awareness about animal healthcare in rural areas of the country are some of the major challenges for the key players.

The Indian veterinary market can be broadly segmented based on animal types and diagnostics. Based on the animal type, the market is further segmented into farm animal health market (poultry, swine, fish, cattle, and sheep) and companion animal health (dogs, cats, horse). Based on diagnostic tools, the market is further sub-segmented into clinical chemistry, hematology tests, molecular diagnostics, diagnostic imaging and other veterinary diagnostic products.

Some of the key players in the market are:

  • Bayer Animal Health
  • Elanco Animal Health
  • Merck Ltd.
  • Merial (Animal Health division of Sanofi)
  • Zoetis Animal Healthcare

Key Deliverables in the Study

  • Market analysis for India’s veterinary healthcare market, with region-specific assessments and competition analysis on the global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market.
  • Identification and analysis of the macro and micro factors that affect India’s veterinary market based on regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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