Animal healthcare may be a function of preserving, guiding and protecting animals from various diseases and providing them vital veterinary services to extend their lifespan and yield. The animal healthcare market is assessed into product type and animal type. Products present within the animal healthcare market consists of vaccines, parasiticides, feed additives, et al. . The animal healthcare market depends on the animal type that's farm and companion animals. Farm animals include the swine, cattle, poultry, equine, and aquaculture. Companion animals include the cats, dogs, and other small animals.
The growth of veterinary healthcare market has been influenced by the opportunities altogether categories of animal healthcare services and products . The animal healthcare may be a rapidly flourishing industry catering to the requirements of several livestock and companion animal species. Presently, various established companies are increasingly focusing on the development of healthcare services and product for companion animals. The companion animal healthcare business has witnessed several technological advances and scientific innovations over the past few years.
The global animal healthcare market generated revenue of $31,637.0 million in 2017 and is projected to advance at a CAGR of 5.1% during the forecast period. Increasing the adoption of companion animals, growing consumption of meat and milk, and rising incidence of food-borne zoonotic diseases are the key factors of driving the market.
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