North America Veterinary Healthcare Market

North America Veterinary Healthcare Market

The market is slated to grow at a healthy CAGR of 5.79% to reach USD 8.89 million by 2021 from USD 6.71 million in 2016.

The US and Canada are the two major markets in North America’s veterinary healthcare market. The demand for animal health products in the US is forecasted to increase by XX% annually to reach USD XX billion in 2016.

North America Veterinary Healthcare Market- Market Dynamics

The Canadian Animal Health Institute (CAHI) is a national association whose members are responsible for the sales of approximately XX% of the animal health products in Canada. Sales by CAHI member companies in 2010 were approximately USD XX million. Growing awareness about the diseases in livestock is steadily bringing the importance of animal healthcare to the fore.

Drivers

Some of the many factors discussed in the report that drive the market towards growth are:

Increase in pet ownership

Improved nutrition

Intensifying consumer focus on food safety

Growing awareness about livestock diseases

Restraints

Increased competition for cultivated land and cost-effective production are the hurdles faced by the North America veterinary healthcare market.

The report provides an exhaustive coverage of the market with multi-level segmentation by animal species (farm animals and companion animals), type of healthcare products (vaccines, parasiticides, anti-invectives, medicinal feed additives, and other pharmaceuticals) and geography. Regional coverage includes a study of the animal healthcare markets in the US and Canada.

Some of the key players in the market are:

Bayer Healthcare

Boehringer Ingelheim

Ceva Animal Health, Inc.

Elanco

Merck

Merial (Animal Health Division of Sanofi)

Virbac

What the Report Offers

Market definition for North America’s veterinary healthcare market along with identification of key drivers and restraints for the market.

Market analysis for North America’s veterinary healthcare market, with region-specific assessments and competition analysis on a global and regional scale.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the North America veterinary healthcare market on both global and regional scale

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.