Global Animal Health Market is expected to reach USD 58.4 billion by 2025, according to a new study by Grand View Research, Inc. The market is driven by technological advancements in veterinary care, which are anticipated to serve future growth opportunities to the market. For instance, MediLabSecure, a laboratory network project, was initiated with an aim of identifying emerging viruses and pathogens in 19 countries in the Mediterranean regions. In addition, emergence of veterinary health information systems, specifically in the developed economies, is expected to provide high growth potential in future.
With the help of these systems, data generated in veterinary clinics can be uploaded on the internet, which can be further shared with other researchers and clinicians. The incorporation of this technology will facilitate real-time analysis of fluctuations in disease prevalence. As a consequence of the aforementioned factors, it is presumed that there will be significant improvement in the overall penetration rate of animal health products, which is also anticipated to fuel the market demand as well as the revenue to unprecedented heights.
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Further key findings from the study suggest:
View Blog on Animal Health Market by Grand View Research: http://www.grandviewresearch.com/blog/animal-health-market-size-trends
Grand View Research has segmented the animal health market on the basis of product, animal type, and region:
Product Outlook (Revenue, USD Billion, 2014 – 2025)
Type Outlook (Revenue, USD Billion, 2014 – 2025)
Regional Outlook (Revenue, USD Billion, 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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