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global animal healthcare market projected to reach 78.6 billion by 2030
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.
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