united-states-veterinary-healthcare-market-industry
Published

November 2016

United States Veterinary Healthcare Market - Trends and Forecast (2016 - 2021)

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The United States veterinary healthcare market, estimated at USD 4837.89 million in 2016, is set to reach USD 6104.13 million by 2021, with a CAGR of 5.22% over the forecast period. Increasing focus on food safety and animal health will drive the market for medicinal feed additives to grow at a healthy CAGR of 6.38 %.

United States Veterinary Healthcare Market- Market Dynamics

The veterinary healthcare market is gaining importance as a result of manufacturers focusing on the production of products with specialized formulations and manufacturing processes. The importance of livestock animals is generating growth in the animal healthcare market because of more people consuming meat and dairy products. The population boom and the stable economy are expected to result in increased demand for protein-rich foods, especially in developing regions. Animal health companies are well-positioned to address this growing emerging market demand for higher-protein diets.

Drivers                                                  

Veterinary healthcare in the US has had a significant boost in revenues due to a number of factors:

  • 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)
  • Increased love for pets leading to increased ownership
  • Awareness of animal health
  • Fewer requirements for animal health drugs approval
  • Continuous innovations and technological advances in the development of animal health drugs

The new types of diseases in animals and their subsequent transfer to humans via animal food product consumption and companionship are escalating the veterinary healthcare industry globally. The strategic decisions in research and development of manufacturers are expected to positively impact the US veterinary healthcare market. However, increased competition for cultivated land and scarcity of arable land are the major restraints for the market growth.

In this report, the United States veterinary healthcare market is discussed in detail, with segmentation on the basis of animal products (vaccines, parasiticides, anti-infective, medicinal feed additives and other pharmaceuticals), animal types (companion animals, farm animals), animal diagnostic market and animal genetics market.

Some of the key players in the market are:         

  • Bayer Animal Health
  • Elanco Animal Health
  • Merck Ltd.
  • Merial (Animal Health division of Sanofi)
  • Zoetis Animal Healthcare

What the Report Offers

  • Market definition for the United States Veterinary Healthcare Market along with identification of key drivers and restraints for the market.
  • Market analysis for the United States 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 United States 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.
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