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The global animal healthcare market is set to grow significantly, projected to reach USD 5,759.3 billion by 2032, driven by increased pet ownership, rising awareness of animal health, and technological advancements. Key trends include a shift towards organic solutions, personalized care, and sustainable products, alongside a surge in demand for veterinary services and livestock health. Major players are focusing on innovation and strategic partnerships to enhance their market presence.
The Global Animal Healthcare Market, valued at USD 42.8 billion in 2023, is projected to reach USD 78.6 billion by 2030, growing at a CAGR of 9.2%. This growth is driven by rising healthcare expenses in farms, increased demand for protein-rich foods, and the adoption of vaccines and feed additives to combat animal diseases. Key players include Zoetis Inc., Merck & Co. Inc., and Bayer AG, with significant trends in OTC and generic drugs for animals.
Virbac Group
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
emerging trends shaping the future of animal healthcare market
United States Dollar
Boehringer Ingelheim International GmbH
Elanco Animal Health Incorporated
Merck & Co., Inc.
Virbac Group
Zoetis Inc.
Bayer AG
Abbott Laboratories
USA
DEU
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20:01 27.11.2024
global animal healthcare market projected to reach 78.6 billion by 2030
United States Dollar
Zoetis Inc.
Virbac Group
Ceva Sante Animale SA
Bayer AG
Merck & Co., Inc.
Ceva Santé Animale
Zoetis Inc
Virbac Group
Merck & Co. Inc.
Bayer AG
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12:25 30.10.2024
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