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United States Veterinary Healthcare Market

  • Published Date: 11 Nov 2018
  • Number of Pages: 158
  • Category: Healthcare and Medical
  • Country: United States of America
In the United States, the market for veterinary healthcare was valuedat USD 4.837 billion in 2016 and is estimated to reach USD 6.104 billion by 2021 at a CAGR of 5.22% over the forecast period. Veterinary medicine is the science associated with the treatment, diagnosis and prevention of diseases among animals. It covers a broad varieties of animal species both in domestic and wild. The United States is the largest market in North America, owing to the ownership trends that favor higher spending on preventative pet health care products.

Market Dynamics

The key factor for the growth of United States animal health market will be the need to increase production of farm animal products due to increase in consumption of the products (eggs, milk, beef and other dairy products). The other prominent drivers for the growth of the market are escalating occurrence of zoonotic diseases, growing consumer focus on animal health and food safety, increasing pet ownership, awareness of animal health, fewer requirements for animal health drugs approval and continuous innovations and technological advances in the development of animal health drugs. However, the major restraint could be the new types of diseases in animals and their subsequent transfer to humans via animal food product consumption and companionship. The other restraints for the growth of the market include increased competition for land and the scarcity of arable land and water.

Market Segmentation

The United States Veterinary Healthcare market is segmented by animal type and by product. On the basis of animal type market is segmented into farm animals and companion animals. Further, Farm animals are sub segmented into cattle, swine, fish, sheep and poultry whereas companion animals are sub segmented as dogs and cats. Based on product the marketed is segmented into vaccines, anti-infectives, parasiticides, medicinal feed additives and others; where Feed additives are further sub-segmented into Nutritional feed additives and Medicinal feed additives. Increasing focus on food safety and animal health will drive the market for medicinal feed additives to grow at a healthy rate.

Key Players

Some of the key players in the veterinary healthcare market in the United States areBayer Animal Health, Merck Ltd., Merial (Animal Health division of Sanofi), Elanco Animal Healthand Zoetis Animal Healthcare.
Leading companies of the market are actively producing and manufacturing animal healthcare products, and pharmaceuticals, thus, keeping safety as the primary concern under government regulations.

Report Contents:

--> United States Veterinary Healthcare Market Segments

--> United States Veterinary Healthcare Market Drivers, Restraints and Opportunities

--> United States Veterinary Healthcare Market Size & Forecast 2016 to 2022

--> Supply & Demand Value Chain

--> United States Veterinary Healthcare Market Current Trends

--> Competition &Major Companies

--> Technology and R&D Status

--> Porters Five Force Analysis

--> Strategic and Critical Success Factor Analysis of Key Players

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

Report Highlights:

--> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

--> Consumer and Pricing Analysis

--> Market dynamics of the industry

--> In-depth Market Segmentation

--> Historical and Projected Market Sizing in terms of volume and value

--> Recent market trends and Impact Factors

--> R&D Status and Technology Overview

--> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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