NEW YORK, May 13, 2021 /PRNewswire/ — The global animal healthcare market is expected to grow by USD 8.02 billion, according to Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%.
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The animal healthcare market is driven by the increase in the animal ownership. In addition, the rise in incidences of zoonotic diseases is anticipated to boost the growth of the Animal Healthcare Market.
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Major Five Animal Healthcare Companies:
- C. H. Boehringer Sohn AG and Co. KG
- Cadila Healthcare Ltd.
- Dechra Pharmaceuticals Plc
- Elanco Animal Health Inc.
- Heska Corp.
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Animal Healthcare Market Product Outlook (Revenue, USD bn, 2020-2025)
- Pharmaceutical – size and forecast 2020-2025
- Feed additive – size and forecast 2020-2025
- Biologicals – size and forecast 2020-2025
Animal Healthcare Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- Asia – size and forecast 2020-2025
- ROW – size and forecast 2020-2025
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