Animal Healthcare Market Analysis Highlights the Impact of COVID-19 (2020–2024) | Rise in Incidences of Zoonotic Diseases to Boost Market Growth | Technavio
Technavio has been monitoring the animal healthcare market and it is poised to grow by $ 7.98 bn during 2020–2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Bayer AG, C. H. Boehringer Sohn AG & Co. KG, Cadila Healthcare Ltd., Dechra Pharmaceuticals Plc, Elanco Animal Health Inc., Heska Corp., Merck & Co. Inc., Norbrook Laboratories Ltd., Virbac SA, and Zoetis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The rise in incidences of zoonotic diseases has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Animal Healthcare Market 2020–2024: Segmentation
Animal Healthcare Market is segmented as below:
Product
- Pharmaceutical
- Feed Additive
- Biological
Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40456
Animal Healthcare Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The animal healthcare market report covers the following areas:
- Animal Healthcare Market Size
- Animal Healthcare Market Trends
- Animal Healthcare Market Industry Analysis
This study identifies the increasing adoption of organic tracing elements for improving livestock production as one of the prime reasons driving the animal healthcare market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
