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livestock healthcare market poised for significant growth driven by disease prevention and technology
The livestock healthcare market is projected to grow from $50.74 billion in 2023 to $79.39 billion by 2028, driven by rising livestock populations, intensifying farming practices, and increasing awareness of zoonotic diseases. Key trends include technological innovations, biosecurity measures, and a focus on animal welfare. Major players in the market include Merck, Zoetis, and Bayer, among others, as they adapt to evolving disease landscapes and consumer demands.
equine healthcare market projected to grow at 4.2 percent through 2031
The Equine Healthcare Market is projected to grow at a CAGR of 4.2% from 2024 to 2031, driven by rising demand for veterinary care, advanced treatments, and preventive measures for horses. Key players include Purina Animal Nutrition, Elanco Animal Health, and Boehringer Ingelheim, focusing on products like vaccines, pharmaceuticals, and diagnostics. The market"s expansion is fueled by increased awareness of equine health, growth in the equestrian sports industry, and advancements in veterinary technologies.
germany's veterinary market poised for growth with advanced care and technology
Germany's veterinary market is characterized by advanced diagnostic technologies and a high standard of care, with a projected growth rate of 5.95% from 2023 to 2033. Key players include Boehringer Ingelheim and Zoetis, while the livestock segment is expected to dominate due to its significance in the agricultural economy. The market faces challenges such as high service costs and regulatory hurdles, but increasing awareness of animal health drives demand for veterinary services.
france veterinary healthcare market projected to grow at 3.95 percent CAGR
Investment in research and development (R&D) in veterinary healthcare in France rose by 14.2% to 5.8 billion euros. The market is projected to grow at a CAGR of 3.95% from 2023 to 2033, driven by increasing pet ownership and concerns over animal welfare, despite challenges like counterfeit medicines and rising care costs. The therapeutics segment is expected to dominate, particularly for ruminants, as the demand for effective animal health strategies intensifies following recent disease outbreaks.
canada animal healthcare market projected to reach five billion by 2033
The Canada Animal Healthcare Market, valued at USD 2.65 billion in 2023, is projected to grow at a CAGR of 6.87%, reaching USD 5.15 billion by 2033. Key drivers include rising pet ownership, technological advancements, and the emergence of zoonotic diseases, while challenges include counterfeit drugs and high veterinary costs. The pharmaceutical segment leads the market, with dogs and cats expected to drive the fastest growth due to their healthcare needs.
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