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The market is segmented by Product (Therapeutics and Diagnostics), and Animal Type (Dogs and Cats, Horses, Ruminants, Swine, Poultry, and Other Animals).
The United States is among the major regions across the world which highly supports the healthcare of veterainary animals both in companion animals (e.g. dogs, cats, and horses) and production (e.g. cattle, pigs, sheep, poultry etc.) animal species categories. A large population investing in pet insurance, across the developed markets, is driving growth in the market being studied. As per the American Pet Production Association’s (APPA) National pet owners survey, 2017-2018 reports, the United States is home to 89.7 million dogs; 94.2 million cats; and 7.6 million horses. Moreover, 68% of US households own pets, which is equal to 84.6 million homes, out of which 60.2 million households own dogs, 47.1 million houses own cats, and 2.6 million houses own horse. With rising number of owners, there is growing demand for routine veterinary services which majorly drives the demand of vertinary healthcare market in the United States.
As per the scope of this report, the veterinary healthcare market comprising therapeutic products and solutions for companion and farm animals. Companion animals can be tamed or adopted for companionship or as house/office guards, and farm animals are raised for meat and milk-related products. Companion animals include canine, feline, and equine. Farm animals are bovine, poultry, and porcine.
|By Animal Type|
|Dogs and Cats|
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Medicinal feed additives are important ingredients added to an animal diet, to treat diseases and improve nutrition. It is a stress-free and safe manner in administering veterinary medicines and is as effective as other administrative routes, such as injection, in-water, and tablets. The production, supply, and use of medicinal feed additives are highly well-regulated at all the stages, by the United States. Recently in 2019, Trouw Nutrition, subsidiary of Nutreco, collaborated with Bayer Animal Health GmbH to drive the development of novel technologies and applications for the animal health and animal nutrition industries, with additional focus on medical feed additives. Such activities drive the demand and usage of products for animals healthcare.
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The major market players are focusing imporved diagnostics technqies for animal care, specially protecting the aniamls from diseases from changing weather conditions. Some of the major players in the market are Boehringer Ingelheim International GmbH, Eli Lilly and Company (Elanco Animal Health), Merck & Co. Inc., Zoetis, Inc, and Sanofi Merial, among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Advanced Technology Leading to Innovations in Animal Healthcare
4.2.2 Increasing Productivity at the Risk of Emerging Zoonosis
4.2.3 Increasing Initiatives by the Governments and Animal Welfare Associations
4.3 Market Restraints
4.3.1 High Costs Related to Animal Testing
4.3.2 Strict Regulations on Therapeutics
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 By Therapeutics
126.96.36.199 Medical Feed Additives
188.8.131.52 Other Therapeutics
5.1.2 By Diagnostics
184.108.40.206 Immunodiagnostic Tests
220.127.116.11 Molecular Diagnostics
18.104.22.168 Diagnostic Imaging
22.214.171.124 Clinical Chemistry
126.96.36.199 Other Diagnostics
5.2 By Animal Type
5.2.1 Dogs and Cats
5.2.6 Other Animals
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boehringer Ingelheim International GmbH
6.1.2 Ceva Holdings Inc. (Ceva Animal Health Inc).
6.1.3 Eli Lilly and Company (Elanco Animal Health)
6.1.4 Idexx Laboratories
6.1.5 Merck & Co. Inc.
6.1.6 Novartis AG (Novartis Animal Health)
6.1.7 Randox Laboratories, Ltd
6.1.8 Virbac SA
6.1.9 Zoetis, Inc
6.1.10 List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments