Japan’s veterinary healthcare market for the period 2016-2021 is expected to account for USD XX billion in 2021, growing at a CAGR of XX% from USD XX billion in 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.
Japan Veterinary Healthcare Market-Market Dynamics
The veterinary healthcare market is gaining importance as a result of manufacturers’ focus on production of products with specialized formulations and specialized manufacturing processes. These are essentially beneficial for animal lovers and companion animal owners.
Some of the key factors driving the market towards growth are:
Increase in the ownership of pet animals
Increased awareness about animal health
Technological advancements in developing animal healthcare diagnostics
Government initiatives like Japan Animal Referral Medical Center (JARMeC) for animal healthcare
Some of the factors restraining the market are:
Increasing spread of various infections in humans from animals through consumption of animal products
Rise in competition for cultivated land and scarcity of arable land
Opportunities and Challenges
The increased export of animal products from Japan to other countries of North America and Europe and the lesser requirement of animal drug approval 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 pose some of the major challenges for the major players.
Japan’s veterinary market can be broadly segmented based on animal types, products and diagnostic.
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 market (dogs, cats, horse).
Based on diagnostic tools, the market is segmented into clinical chemistry, hematology tests, molecular diagnostics, diagnostic imaging and other veterinary diagnostic products.
Based on the products, the market is segmented into vaccines, anti-infective, anti-parasitic, medical feed additives and other pharmaceuticals.
Some of the key players in the market are:
Bayer Animal Health
Elanco Animal Health
Merial (Animal Health division of Sanofi)
Zoetis Animal Healthcare
Key Deliverables in the Study
Market analysis for the Japan 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 the Japan 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.
1.1 Study deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and forecast period years
1.6 General Study Assumptions
2. RESEARCH METHODOLOGY
2.2 Analysis Methodology
2.3 Econometric forecast models
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 Current market scenario
5.2 Technology Overview
5.3 New developments in therapeutics
5.4 Investment analysis
5.5 Porters Five Force Analysis
5.5.1 Bargaining Power of suppliers
5.5.2 Bargaining power of buyers
5.5.3 Degree of competition
5.5.4 Threat of substitution
5.5.5 Threat of new entrants
6. DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES ANALYSIS (DROC)
6.1 Market Drivers
6.1.1 Increase in the ownership of pet animals
6.1.2 Increase awareness about animal health
6.1.3 Technological advancements in developing animal healthcare diagnostics
6.1.4 Government initiatives like Japan Animal Referral Medical Center (JARMeC) for animal healthcare
6.2 Market Restraints
6.2.1 Increasing spread of various infections in humans from animals through the consumption of animal products
6.2.2 Increased competition for cultivated land and scarcity of arable land
6.3 Market Opportunities
6.3.1 Increase export of animal products to other countries
6.3.2 Far less requirement of animal health drug approval
6.3.3 Government regulation to curb the increasing price
6.4 Key Challenges
6.4.1 Declining veterinarian population is a major concern area for the animal healthcare market
7. Japan’s Veterinary health care market segmentation
Thanks for purchasing our study on . The report will be delivered to your email in PDF format with in 24-48 hrs after ensuring the latest developments in the market are included. For any queries you can reach us at email@example.com..