mexico-animal-healthcare-market-industry
Published

August 2016

Mexico Veterinary Healthcare Market - Trends and Forecast 2015 - 2020

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The veterinary healthcare market in Mexico is expected to account for USD XX billion in 2021 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.

Mexico 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 factors driving the market are:

  • Increase in the ownership of pet animals
  • Increased awareness about animal health
  • Technological advancements in developing animal healthcare diagnostics

Restraints

Some of the factors restraining the growth of Mexico’s Veterinary Healthcare 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 Mexico to other countries of North America like the US and Canada and government regulations to curb the increasing price are some of the opportunities for market players. However, the declining veterinarian population and the lack of awareness about animal healthcare in the rural areas of the country pose some of the major challenges for the key players.

The Mexico veterinary market can be broadly segmented based on animal types, products, 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. 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
  • Ceva Animal Health
  • Elanco Animal Health
  • Merck Ltd.
  • Merial (Animal Health division of Sanofi)
  • Novartis Animal Health
  • Zoetis Animal Healthcare

Key Deliverables in the Study

  • Market analysis for the Mexico Veterinary Healthcare Market, with region specific assessments and competition analysis on global and regional scales.
  • Market definition along with the identification of key drivers and restraints
  • Identification of factors instrumental in changing the market scenarios, 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 Mexico  veterinary market based on regional scales
  • 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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