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Animal Health Market
Market Overview and Dynamics
The Europe animal health market is projected to grow from US$ 24,271.1 million in 2018 to US$ 37,605.1 million by 2027, expanding at a CAGR of 6.5% during 2019–2027. This growth is primarily driven by increased initiatives from governments and animal welfare organizations aimed at improving animal healthcare. However, the presence of falsified veterinary products poses a significant challenge and may restrain market progress.
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Key Market Segments
- By Product:
The prescription products segment dominated the market in 2018 and is expected to retain its lead through the forecast period, driven by rising demand for effective veterinary treatments. - By Animal Type:
The production animal segment is anticipated to account for the largest share of the market by 2027, fueled by the increasing focus on food security and livestock productivity.
Major Sources and Organizations Referenced
The report draws insights from both primary and secondary sources, including:
- Centers for Disease Control and Prevention (CDC)
- European Pet Food Industry Federation (FEDIAF)
- Veterinary Public Health Program (VPH)
- Other relevant public health and veterinary research bodies.
Key Reasons to Purchase This Report
- Gain In-depth Market Understanding:
Identify high-growth segments within the Europe animal health market to guide strategic planning. - Stay Competitive:
Keep pace with the evolving competitive landscape and emerging trends influencing the market. - Support Strategic Deals:
Make informed decisions for mergers, acquisitions, and partnerships by targeting promising market areas. - Make Data-Driven Decisions:
Leverage comprehensive performance analysis of various market segments to support business strategies. - Access Market Forecasts:
Obtain detailed revenue projections for the European animal health market segmented by product and animal type, covering the period from 2018 to 2027.
Market Introduction
Controlling animal health by preventing animal disease epidemic and monitoring animal food supplies is vital to the any economy and safety of the any country's food supply. Breeding of healthy livestock guarantees a safe supply of food and keep selling prices stable. Animal disease epidemic costs the country millions of dollars owing to livestock trade halts, animal slaughters and subsequent disease elimination efforts. For example, in November 2017, Porcine reproductive and respiratory syndrome virus (PRRSV), causes stillborn piglets which costs U.S. farmers an annual $600 million. Animal diseases with human health connection can adversely affect public health, international trade, and the stability of the agricultural sector. Disease free and healthy animals likely to result in safer food supplies, higher farm productivity, reduced environmental impacts, reduced use of antibiotics.
Strategic Insights: Europe Animal Health Market
Strategic insights into the Europe animal health market deliver a data-driven evaluation of the industry's current landscape—highlighting key trends, leading players, and regional distinctions. These insights equip stakeholders with actionable recommendations to gain a competitive edge by identifying untapped opportunities and crafting distinctive value propositions. By leveraging advanced analytics, market participants—including investors, manufacturers, and policy-makers—can better anticipate industry shifts and emerging demands. With a forward-looking approach, these insights help position stakeholders for sustained success, enabling informed decision-making that drives profitability and supports long-term business goals in this dynamic and evolving market.
key company profiles
Boehringer Ingelheim International GmbH
Ceva Santé Animale
Bayer AG
Vetoquinol SA
Nutreco N.V.
Europe Animal Health Regional Insights
The geographic scope of the Europe Animal Health refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
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