Spain Veterinary Healthcare Market- by Animal types( Farm animals, Companion animals, Poultry), by Diagnostic Technologies -Trends and Forecast, (2016 2021)

This report is a study of Spain’s veterinary healthcare market, recent trends, current market estimates and forecasts. The market for vaccines in Spain in 2016 was estimated to be valued at USD 372.34 million and is expected to grow at a CAGR of 9.95% between 2016 and 2021, to reach USD 598.29 million by 2021. The market for parasiticides in the region is currently valued at USD 73 million - a significant increase from 2013. Increasing focus on food safety and animal health will drive the market for medicinal feed additives to grow at a healthy CAGR of 8.45%. 

Spain’s Veterinary Healthcare Market- Market Dynamics

The report discusses several factors that drive the growth of the market. Some of these are listed below.

Drivers

Veterinary healthcare in Spain has had a significant boost in revenues due to a number of factors. Prominent among them are:

• Escalating occurrence of zoonotic diseases
• Growing consumer focus on animal health and food safety
• Increasing pet ownership
• Need to increase production of farm animal products (eggs, milk, beef and other dairy products)

This report from Mordor Intelligence provides a comprehensive analysis of Spain’s veterinary healthcare market based on products and animals. By products, the market is segmented into vaccines, anti-infective, parasiticides, medicinal feed additives, and other pharmaceuticals. Based on the type of animals, the market is further segmented into farm animals (swine, poultry, cattle, sheep and fish) and companion animals (dogs, cats, and horses).

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)
• Zoetis Animal Healthcare

Growth strategies adopted by these players in the past have differed significantly. While a few like Zoetis and Bayer Animal Healthcare have focused on horizontal growth by expanding their presence in emerging markets, others like Elanco and Novartis Animal Healthcare have been content with operating within their established boundaries, going in for vertical growth by product innovation instead.

Key Deliverables in the Study

• Market analysis for Spain’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 share.
• Identification and analysis of the macro and micro factors that affect the 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.
• 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 where this industry is blooming and to also identify the regions that are still untapped.