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